Page 7 of Crude prices

Crude oil imports: India may tap FTA with UAE to raise oil supply

Brent crude dropped 1.8%, to $125.71 a barrel at 1105 GMT, having risen above $131 in early trading.

March 10, 2022 04:00 IST

State-run oil marketing companies (OMCs) want the government to set up a payment mechanism similar to the one instituted in 2018-19 to pay for Iranian crude oil, as Tehran came under US sanctions.

Oil marketing companies keen on discounted Russian crude, seek payment mechanism

Deven Choksey, managing director of brokerage firm KR Choksey, said, if the world puts pressure on the US to lift…

March 10, 2022 03:15 IST

Markets stay on crash course; crude oil prices surge to highest level since 2008

Sectorally, the Nifty Bank and Auto fell 4% each, and the realty index fell 5.5% on Monday.

March 8, 2022 00:00 IST

Crude oil price on fire: Govt may revisit FY23 spending matrix, little scope for tax cuts

Geopolitical tensions in Eastern Europe have recently pushed the price of Indian basket of crude to over $100 a barrel.

March 7, 2022 05:30 IST

Crude price spike: Will Centre cut auto fuel taxes?

Petrol price in Delhi now would have been Rs139/litre or thereabouts, up nearly Rs 44/litre from the mid-November level.

Updated: March 4, 2022 02:17 IST

Oil prices surge above $100 a barrel as war on Ukraine rages

The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and…

Updated: March 1, 2022 21:25 IST

“A 10% rise in crude oil prices typically widens the current account by 0.3% of GDP and, while our projection for current account deficit at 2.6% of GDP for FY23 — up from 1.7% of GDP expected in FY22 — already assumes elevated oil prices in FY23 (average of ~$87/bbl), it is susceptible to a further widening,” Nomura adds.

Costlier oil to weigh on govt finances and widen CAD: Analysts

“It is possible that the RBI may reconsider its growth and inflation forecasts and its policy stance early in the…

February 26, 2022 06:30 IST

Thursday also saw Nifty50 breaching its 200-day simple moving average (SMA) of 16,894.24, signalling a likely downward trend going forward. The Nifty50 currently commands 18.6 times its 12-month forward earnings, almost equal to the five-year average of 18.61x.

Ukraine attack wounds markets: Indices crack nearly 5%, Brent crude tops $105 a barrel

Most experts believe that the fall in the markets is just a knee-jerk reaction to the global crisis and volatility…

February 25, 2022 03:45 IST

Ukraine blues: Crude price spike to stoke inflation, strain current account

Brent crude surged nearly 3% on Tuesday and cumulatively gained $5.3 during the last three sessions, to touch $98.23 per…

February 23, 2022 06:20 IST

Benchmark yield rises on RBI weekly bond auction, high crude prices

The auction includes the sale of the new benchmark 6.54%-2032 worth Rs 13,000 crore, 6.95%-2061 bonds worth Rs 6,000 crore…

February 23, 2022 05:45 IST

Indian state-owned oil majors have been investing in oil and gas fields across the world for nearly two decades now.

A sovereign wealth fund for oil security

Instead of risk-prone oil operations abroad, India must secure oil needs through investments.

Updated: February 1, 2022 18:12 IST

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Petrol and diesel price today January 11: Rates kept unchanged across country; check price in Delhi, Mumbai

Petrol and Diesel Price Today in India: Petrol and diesel rate in Mumbai is Rs 109.98 and Rs 94.14 per…

January 11, 2022 09:55 IST

crude oil, crude oil pricesm crude oil outlook 2022

Crude oil prices rally 56% this year; Covid variant Omicron, demand worries, others to impact rates in 2022

Crude oil seems to traverse towards Rs.6500-6000 per bbl level initially, whereas a sustained move above the same zone could…

Updated: December 31, 2021 12:07 IST

Market participants pegged the increase in VRRR auction is a gradual step towards policy normalisation and the central bank is likely to hike the reverse repo rate in December policy.

Bond yields rise as crude prices inch higher

Traders also await the outcome of the Federal Reserve meeting as it is expected that the Fed will taper its…

July 29, 2021 02:30 IST

OPEC+ agrees oil supply boost after UAE wins argument with Saudi Arabia

The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi…

July 18, 2021 20:03 IST

At the present price levels, additional revenue of about 70% is expected from the project, with improved or higher value addition, the company said in a statement.

Petrol, diesel prices remain steady for 13 straight days; check today’s rates in Delhi, Mumbai, other cities

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on March 12, 2021 remained steady in the country.…

March 12, 2021 14:33 IST

petrol price, diesel price, fuel price, price of fuel, crude price, excise, VAT,

Petrol, diesel prices set to skyrocket, may hit this much as crude oil recovers to pre-corona levels

The surge in petrol and diesel prices may get steeper and the prices may further rise by Rs 5-6 per…

June 9, 2020 11:41 IST

EXPLAINED: Crude oil price’s monster meltdown in three charts

With crude oil breaking down barrier after barrier on Monday — below $10 a barrel, below zero and deep into…

April 21, 2020 08:35 IST

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MRP timeline relief for consumer firms

Business3 hr ago

The Centre has permitted manufacturers, packers, and importers to change the MRP on unsold goods until Dec 31, 2025. This will benefit FMCG companies and prevent wastage of packaging material. The revised MRP can be printed through stamping, stickers or online printing from Sept 22, coinciding with the launch of GST 2.0. Transparency in pricing is mandatory.

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