Page 4 - Crude Prices

Oil futures, crude prices gain with US stocks after coronavirus scare

On Monday, both contracts dropped to their lowest since October, on track for their biggest monthly declines since May.

Don't see major rise in oil prices due to slowing demand, market glut: IEA

IEA's Fatih Birol also said that electric vehicles are not expected to make a dent on crude demand in India and elsewhere

Rising crude prices to adversely impact CAD, rupee, inflation: Report

A 10% spike in crude prices can result in a 0.40% widening of the CAD, which can consequently play out into a 3-4% depreciation in the rupee and also push up inflation by 0.24%

Revenue Secretary AB Pandey says excise duty hike on crude needs 'analysis'

the government has already fiscal deficit target by October at 103.9 per cent and many analysts have warned of fiscal slippages beyond the committed 3.3 per cent

Facing the oil headwinds head on

India should carefully watch how the recently launched Shanghai International Energy Exchange cuts into the Western-dominated market for oil derivatives, and hedge its purchases accordingly

Rising crude prices: What it means for India's oil, telecom sectors

The PSU producers price oil and gas according to set formulae. Hence, E&P firms gain if international prices rise, since the formulae are linked to international prices

Sharp $5 increase in crude price might hit retail prices next week

New Delhi, 12 AprilIndian Oil Corporation (IOC), the country's largest petroleum retailer, said the $5 a barrel increase in crude oil prices over the past few days would reflect in the retail price of petrol and diesel with a lag.The company and Union minister of petroleum Dharmendra Pradhan denied any direction from the government on holding the retail price line.Sanjiv Singh, chairman of IOC, said: "We take the average of the preceding 15 days; so, a daily spike does not reflect immediately." Petrol and diesel prices are likely to see an impact only next week if the increase continues to be high.Singh said when prices change so substantially, inventory gains and losses play a big role. "Profitability for oil companies comes from cracks (the price differential between crude and its products). The crude oil price is not the only determinant," he told reporters on the sidelines of the International Energy Forum meet.From $62 a barrel on Monday to $67.45 on Wednesday, the price of WTI ..

Burning oil: Who gains and by how much?

Oil prices had a mixed impact on India's economy and its consumers over the past three years

Increasing crude prices: Indian oil industry chooses to wait and watch

Landmark Opec decision to cut production has pushed up global crude prices