Page 44 - Crude Oil Price
IOC in talks with Rosneft to import Russian oil: Chairman Sanjiv Singh
Oil minister Dharmendra Pradhan said late on Monday that India is open to importing oil from Russia.
 "IOC in talks with Rosneft to import Russian oil: Chairman Sanjiv Singh")
Oil pares gains after Donald Trump offers few details on US-China trade
Concerns about slower economic growth and oil demand due to the fallout from the 16-month trade dispute between the world's two biggest economies have weighed on crude futures
 "Oil pares gains after Donald Trump offers few details on US-China trade")
The brave new world of ample oil
The shift from scarcity to abundance has been brought about in an astonishingly short time by America's "fracking" revolution, leading to massive benefits for consuming countries
 "The brave new world of ample oil")
Rupee tumbles 71 paise against US dollar in early trade as oil prices soar
The domestic unit on Friday marched higher for the seventh straight session to close at 70.92, up 22 paise.
 "Rupee tumbles 71 paise against US dollar in early trade as oil prices soar")
Oil falls on weak Chinese data, forecasts for US crude stocks build
Brent futures fell 45 cents, or 0.7%, to $61.57 a barrel, while US West Texas Intermediate (WTI) crude fell 85 cents, or 1.5%, to $55.81
 "Oil falls on weak Chinese data, forecasts for US crude stocks build")
Iran oil tanker hit by suspected missile strikes near Saudi port
Oil prices surged more than two per cent on the news, which raised new supply concerns with tensions still high after last month's attacks on two Saudi crude facilities
 "Iran oil tanker hit by suspected missile strikes near Saudi port")
Oil shipping rates in Asia hit near two-week high after US sanctions
Rates for crude and oil products tankers have shot up as traders avoided ships linked to COSCO Shipping Tanker (Dalian) Co, Ltd, after the sanctions were announced
 "Oil shipping rates in Asia hit near two-week high after US sanctions")
Petrol nears Rs 74 a litre in national capital, govt denies supply crunch
It may be noted that oil prices surged more than 15 per cent to their highest level in nearly four months after an attack on Saudi Arabia's oil facilities
 "Petrol nears Rs 74 a litre in national capital, govt denies supply crunch")
Saudi oil attacks: Logistics cost a concern as India looks to Russia, US
On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's Chief Executive Office Igor Sechin and discussed raising crude imports from that country
 "Saudi oil attacks: Logistics cost a concern as India looks to Russia, US")
Oil extends losses after Saudi Arabia to restore output by end-September
Brent crude oil futures fell 36 cents, or 0.6 per cent, to $64.19 a barrel, after tumbling 6.5 per cent the previous session.
 "Oil extends losses after Saudi Arabia to restore output by end-September")
Crude shock: Rise in oil prices may deepen India's auto crisis, say experts
Spike in oil prices will translate into a matching or higher increase in fuel prices in domestic market
 "Crude shock: Rise in oil prices may deepen India's auto crisis, say experts")
HPCL, BPCL, IOC and aviation stocks tumble as global crude oil price surges
While paints and adhesive players too will see some margin pressure, upstream companies like ONGC, OIL India and GAIL are seen as beneficiaries
 "HPCL, BPCL, IOC and aviation stocks tumble as global crude oil price surges")
Saudi drone strikes: Oil price surges, but govt plays down supply concerns
No supply disruption, says Pradhan; OMCs see margin impact if situation persists
 "Saudi drone strikes: Oil price surges, but govt plays down supply concerns")
Drone attack on Saudi oil facilities: Biggest disruption in three decades
The drone attack on Saudi Aramco's Abqaiq oil processing facilities on Saturday almost destroyed the plants
 "Drone attack on Saudi oil facilities: Biggest disruption in three decades")
Saudi drone strikes: Short sellers on the wrong foot, says expert
Crude oil traded at Rs 4,265 a barrel on the MCX
 "Saudi drone strikes: Short sellers on the wrong foot, says expert")
Oil-linked stocks slip as crude prices surge after Saudi oil disruption
West Texas Intermediate jumped 10.68 per cent to $60.71 and Brent climbed 11.77 per cent to $67.31 in early Asia trading
 "Oil-linked stocks slip as crude prices surge after Saudi oil disruption")
Brent oil sees biggest intra-day jump in 28 years. Can the up move sustain?
While in the short-term, the direct physical impact on the market might be limited, analysts say the development has the potential to move the market away from its bearish macroeconomic cycle
 "Brent oil sees biggest intra-day jump in 28 years. Can the up move sustain?")
Oil steadies near $56 a barrel as US and China plan further talks
On Iran, the US hinted that more measures are coming after imposing new sanctions, while deflecting questions about French diplomatic efforts meant to help the Persian Gulf producer restart oil sales
OMCs bounce back to sweet spot as crude oil prices slip, GRMs improve
Declining crude oil prices, improving GRMs, and firm marketing margins make them attractive after sharp correction
 "OMCs bounce back to sweet spot as crude oil prices slip, GRMs improve")
OMCs in a sweet spot with declining crude prices, better refining margins
Firm marketing margins add to their fortunes, making them attractive post a sharp 30% correction from early-June highs
 "OMCs in a sweet spot with declining crude prices, better refining margins")
