Page 40 - Crude Oil Price

Crude jumps 26% on MCX, bullion gains on hope of end to Saudi-Russia rift

The two nations are meeting next week to work out a possible output cut

Nifty posts 6.7% weekly drop as investors continue to fret over Covid-19

Investors were left disappointed after Prime Minister Narendra Modi in his video message refrained from offering any measure to help repair the economy

Volatility in oil prices, uncertain petroleum demand impacting Indian OMCs

An output cut, at best, will put a floor to the falling crude prices, but it may not stabilise demand-supply dynamics.

As global gas prices crash, traders turn ships into floating storage

But while crude can sit for months or even years in a tank, super-chilled LNG tends to evaporate even in the specialised vessels that handle it.

Sovereign wealth fund holdings under heavy pressure as oil prices crash

The share of such funds among overall foreign holdings had risen over the last 18 months

Currency conundrum

RBI has done well to contain excess volatility

HPCL, BPCL, Indian Oil poised for gains with oil prices at 18-year low

HPCL, with higher proportion of retail sales, may benefit more from improvement in marketing margins

Brent tumbles to lowest since 2002, US crude dips below $20 per barrel

With Saudi Arabia and Russia set to flood the market with oil next month, producers and shippers have been scrambling to lock oil up in storage as demand falls.

Oil tanker rates double as demand for storage and transport resurfaces

Freight rates for very large crude-oil carriers (VLCC) along the Middle East Gulf to China route were assessed at about $180,000 a day on Monday

ONGC, Oil India stare at steep earnings cut as crude price crashes

Covid-19 onslaught on crude oil prices to impact profitability of the two oil producers severely; analysts cut ONGC's FY21 earning estimate by 70 per cent

The other casualty of Covid-19

COVID-19 will cause no less a disruption to the economy than the goods and services tax has done

Coronavirus outbreak: Gold selling at huge discount over weak demand

Silver quoting at a premium following scarcity: Crude oil, metals jump

Crude oil, copper post sharp fall on MCX due to global uncertainty

Lead, nickel and zinc lose 3.5% each on expectations of uncertain demand; slight dip in bullion

Fuel sales tax hike double whammy for struggling road transporters

The only reprieve for transporters in the near to medium term is a bumper rabi crop, the harvesting of which has begun.

Fuel price unchanged for 4th straight day: Check petrol, diesel rate today

Petrol costs Rs 69.59 per litre in New Delhi, Rs 72.29 in Kolkata, while in Mumbai, the petrol is priced at Rs 75.30.

Here's why your fuel bill hasn't fallen much despite tumbling crude prices

Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.

Oil soars 20% intra-day; gold remains lusterless amid coronavirus fear

Metal prices declined between 3 per cent and 6 per cent on the Multi Commodity Exchange (MCX), toeing global move as selling pressure

Brent crashes to 17-year low in global markets as analysts see free fall

Silver spot delivery at a huge premium: gold:silver ratio at a high of 121, indicating extreme weakness in silver

As coronavirus outbreak destroys fuel demand, global refiners consider cuts

Traders, all speaking on condition of anonymity, said it was extremely difficult for refiners to plan their run rates because the situation changes every day

As coronavirus destroys fuel demand, global refiners consider cuts

Gasoline demand in the United States, the world's largest oil consumer, is plunging. International flights are being grounded worldwide, slamming jet fuel demand