Page 17 - Crude Oil Price
Petrol, diesel prices hiked; more to come as crude nears $80/barrel
Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices neared USD 80 per barrel mark for the first time in three years. The price of petrol was hiked to Rs 101.39 a litre in Delhi from Rs 101.19 and to Rs 107.47 per litre in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates went to Rs 89.57 a litre in Delhi and Rs 97.21 in Mumbai. Prices differ from state to state depending on the incidence of local taxes. This is the first price increase in petrol in more than two months and the fourth in case of diesel. The increase followed international oil prices rising for the fifth consecutive day and global benchmark Brent heading for USD 80 per barrel. Tuesday was the first increase in petrol price since state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) on September 24 resumed daily price revisions, ending the pause in rates that had effected s
 "Petrol, diesel prices hiked; more to come as crude nears $80/barrel")
Goldman expects oil prices to hit $90 by year-end as supply tightens
Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80
 "Goldman expects oil prices to hit $90 by year-end as supply tightens")
Energy shares lead charge as crude oil prices soar to 3-year highs
Oil shares lead charge as crude hits new 3-year highs
 "Energy shares lead charge as crude oil prices soar to 3-year highs")
Oil falls from two-month high as fears from Evergrande crisis loom
Futures in London fell after earlier touching their highest level since July 14
 "Oil falls from two-month high as fears from Evergrande crisis loom")
ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%
The recent outperformance of oil & gas stocks brings the focus to ONGC, which has so far been unable to replicate the gains seen by the rest of its peers
 "ONGC surges 6%, hits 22-month high on improved outlook; Oil India up 7%")
Oil prices down on stronger greenback, rising US rig count
Oil prices fell on Monday, extending losses from Friday after the U.S. dollar jumped to a three-week high and the U.S. rig count rose
 "Oil prices down on stronger greenback, rising US rig count")
Aviation stocks flying high but crude oil prices may be a dampener
IndiGo hits a lifetime high on expectations of recovery, market share gains
 "Aviation stocks flying high but crude oil prices may be a dampener")
Fuel prices stable for fortnight amidst volatility in global oil market
Auto fuel prices in the country have maintained stability amidst volatility in global oil prices with crude on the rise again.
 "Fuel prices stable for fortnight amidst volatility in global oil market")
Oil holds above $75 a barrel supported by drop in US crude inventories
U.S. crude inventories fell by 6.4 million barrels last week, more than the 3.5 million-barrel drop analysts expected
 "Oil holds above $75 a barrel supported by drop in US crude inventories")
Oil slips but holds to most gains after draw in US stocks
Brent crude oil fell 13 cents, or 0.2%, to $75.33 a barrel by 0128 GMT, after settling up 2.5% the previous day.
 "Oil slips but holds to most gains after draw in US stocks")
Oil extends gains on worries of US supply disruptions from another storm
Brent crude rose 15 cents, or 0.2% to $73.66 a barrel by 0048 GTM, having gained 0.8% the previous day
Oil climbs to one-week high on US supply concerns, Brent crude up 0.7%
Brent crude rose 48 cents, or 0.7% to $73.40 a barrel, and U.S. West Texas Intermediate (WTI) crude also added 49 cents, or 0.7%, to $70.21 a barrel
Sensex ends lacklustre session 29 points down; broader indices outperform
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others
 "Sensex ends lacklustre session 29 points down; broader indices outperform")
Oil prices rise today amid slow supply return after Hurricane Ida
MELBOURNE (Reuters) - Oil prices rose on Wednesday, paring overnight losses, with producers in the U.S. Gulf of Mexico struggling to restart operations nine days after Hurricane Ida swept through.
Sensex snaps 3-day winning run, slips 17 pts; Realty index sheds 2%, IT 1%
Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
 "Sensex snaps 3-day winning run, slips 17 pts; Realty index sheds 2%, IT 1%")
RIL, IT stocks drive Sensex to fresh closing high, up 167 pts; VIX jumps 4%
The domestic benchmark indices extended their gains to the third day in a row on Monday
 "RIL, IT stocks drive Sensex to fresh closing high, up 167 pts; VIX jumps 4%")
Oil prices down after deep Saudi price cuts spur demand concerns
Brent crude futures for November fell 66 cents, or 0.91%, to $71.95 per barrel by 0930 GMT.
Oil extends losses after deep cuts to Saudi crude prices for Asia
Brent crude futures for November fell 57 cents, or 0.8%, to $72.04 a barrel by 0101 GMT while U.S. West Texas Intermediate crude for October was at $68.73 a barrel, down 56 cents, or 0.8%
 "Oil extends losses after deep cuts to Saudi crude prices for Asia")
Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
 "Sensex ends above 58K for the first time; Nifty climbs 17,300; RIL zooms 4%")
How govt saved over Rs 20,000 cr by silently applying brakes on LPG subsidy
While there was no need for subsidy in the low-oil-price phase of 2020, LPG prices have zoomed in 2021. But the Centre has not transferred subsidy at any point this year
 "How govt saved over Rs 20,000 cr by silently applying brakes on LPG subsidy")
