Page 41 - Crude Oil Price

Oil sinks below $30 as recession fears weigh amid coronavirus pandemic

Brent crude slipped 1.5% to $29.57 a barrel at 1316 GMT, having earlier touched $29.44, the lowest since January 2016

India plans to fill strategic petroleum reserves with cheap Saudi, UAE oil

Leading OPEC producers Saudi Arabia and Abu Dhabi have said they will increase output while cutting prices, giving big consumers the chance to fill up at discounted prices

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

Petrol, diesel prices cut for a third straight day as crude oil softens 5%

Delhi has the lowest fuel prices among metros because of lower state taxes

Saudi Aramco to cut capital spending over coronavirus; 2019 profits plunge

The 21% decline in net profit for last year means it fell short of analysts' forecasts for the period that culminated in the share sale, months before the coronavirus pandemic became a factor for oil

Coping during uncertain times

The fear of a severe economic impact from the pandemic hit the financial markets that had ignored interest rate cuts by central banks in many major economies

What kind of bear market is this?

Are the markets overreacting? On Friday, the Indian markets were locked in the lower circuit on opening and leading to a mandatory halt in trading for 45 minutes

Stresses, known and unknown

Global financial market stress driving market volatility; economic impact of coronavirus and drop in oil prices remain uncertain

Excise duty hike on petrol, diesel to add Rs 43,000 cr to govt revenue

Additional revenue will help govt meet its FY21 target of bringing down the fiscal deficit to 3.5% of GDP

Oil posts biggest weekly losses since 2008, hit by virus and price war

The rare combination of severe shocks to both supply and demand has caused the crude market to collapse

Nestle, HUL, Asian Paints, Airtel stocks show resilience amid market mayhem

All these stocks' fortunes are linked to domestic consumption, rather than global growth.

Oil prices fall 8% after Donald Trump surprises with travel curbs

A flood of cheap supply coming onto the market from Saudi Arabia and the United Arab Emirates compounded pressure on prices

Drop in demand due to travel curbs may stall airline revenues in Q4

Sharp fall in crude oil prices, however, is a positive

Rupee can slip 3% more; rate cut, regulatory intervention needed

In the past few sessions, the move in the Rupee has been largely offshore driven, taking precariously close to a new all-time low of 74.48 against the US Dollar

Oil war escalates after Saudi, UAE promise to increase production capacity

Saudi Arabia had been insisting for weeks that the group needed deeper production cuts to tackle the demand loss caused by the quickly spreading virus.

Brokerages turn bullish as Reliance Industries shares plunge 20%

Bearish market trend, Coronavirus impact amid crude oil crash have hurt investor sentiments

Letter to BS: Fall in oil price can enable RBI to ease basic rates further

With consumer demand remaining sluggish, it is prudent on the part of the central and states governments to pass on the benefits to people

Letter to BS: Take advantage of slump in oil prices, shore up economy

The present stand-off between Russia and the OPEC is a kind of payback because it is going to seriously hit America's own shale gas programme

Oil prices may have sunk but the energy market fallout has only just begun

The main beneficiaries are likely to be the main consuming countries such as India and China, but even there oil companies will be affected.

Markets set for a choppy ride amid coronavirus spread; Asia closes in green

Asia closes in green, but America and Europe were volatile amid uncertainty over stimulus