Page 3 - Crude Prices

Oil prices rise to 8-week high on demand hopes; US export decline

Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand

Saudi Arabia expected to cut June crude prices for Asia: Survey

Saudi Arabia is expected to cut its official selling prices for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional Covid-19 outbreaks

OPEC president says oil market rebalancing, pandemic still a risk

OPEC and other key exporters such as Russia, a grouping dubbed OPEC+, meet on Thursday and are expected to discuss allowing as much as 1.5 million barrels per day (bpd) back into the market

Oil steadies below $52 as US' $900 bn stimulus counters weak demand

Brent crude was up 6 cents, or 0.1%, at $51.35 a barrel at 1450 GMT, after trading as high as $52.02 earlier in the session

Crude price rally to benefit Indian equities in the near term

There is a positive correlation between oil prices and Nifty50 over past 5 years

India asks OPEC to correct anomalies in crude price for different regions

India said oil-cartel OPEC needs to address anomalies in the crude price differential for different regions.

Spike in sovereign wealth funds' Indian market holding belies sell-off buzz

Holdings in Indian equities are higher now than before the pandemic took hold

ONGC pre-tax profit down 82% to Rs 2,012 cr in Q1 on low crude, gas prices

Gross revenue for the quarter at Rs 62,496 crore, down 43% from Rs 1,09,546 crore during the first quarter of FY20

Demand dip amid Covid-19, low crude prices may cut India's oil bill by 40%

For India, lower oil prices act as big incentive as the country depends on imports to meet 86% of its requirements

Oil slips 2% as resurgent Covid-19 makes investors worry about US demand

Brent crude futures fell 85 cents, or 2 per cent, to $42.44 a barrel by 12:58 p.m

Crude oil prices surge as demand shows signs of recovery from Covid-19

US crude up 19.7% in the week, Brent adds 5.2 per% after a week of bullish news. Both contracts gain for third straight week

Vedanta stake sale of $1-bn oil unit stalled after crude collapse: Report

While the stake sale talks could resume when oil prices stabilise, Vedanta may also explore other fundraising options to reduce its debt, people in the know said.

Religare, other brokers follow Motilal Oswal, sue MCX over crude oil issue

Cases filed in high courts of plaintiffs' jurisdiction, exchange files caveat pledging opportunity for hearing

Govt plans another excise hike on petroleum products to offset revenue loss

No immediate hike, marginal increase likely to be implemented only after lockdown is lifted

Top headlines: Oil plunges below zero, Sebi heat on Chinese investors, more

Here are the top 10 headlines for Tuesday

Oil extends losses as US Fed rate cut fails to soothe global markets

Oil prices have come under intense pressure on both demand and supply sides

UAE, Saudi Arabia to raise oil output as crude plunges over row with Russia

Russia said on Wednesday it would not reverse its decision as it still believed cutting output would make no sense if the virus hit demand deeper than expected

Oil recovery fuels equities rally but nerves persist after Black Monday

The rush for safe investments had sent yields on US Treasuries to record lows on Monday

Petrol, diesel prices reduced for second straight day even as oil recovers

Petrol in Delhi now costs Rs 70.29 a litre and diesel Rs 63.01 a litre; in Chennai, petrol costs Rs 73.02 and diesel Rs 66.48 a litre; in Mumbai, petrol costs Rs 75.99 and diesel Rs 65.97 a litre

Oil price crash: Domestic petrol, diesel prices may fall in the near future

Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level