Page 41 - Oil Prices

Oil slips below $40 a barrel on record US crude inventories, Covid-19 fears

Investors are waiting to see if the producers, known as OPEC+, extend their record cut beyond July

Oil down $2 as US crude inventories swell, Covid-19 resurgence feared

Brent crude was down $2.04, or 4.8 per cent , to $40.59 a barrel by 11:03 a.m. EDT (1503 GMT), a day after hitting its highest since prices started plunging in March

Economy in Modi 2.0: A year best forgotten as things turn bad to worse

Even before the lockdown, the economy was on the downhill despite the Centre announcing huge corporation tax cuts

Just 36 paise shy, diesel prices set to surpass petrol for the first time

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre

Oil edges higher on tighter supply, but rising Covid-19 fears limit gains

Brent crude was up 48 cents, or 1.1 per cent , at $42.67 a barrel by 11:45 a.m

Oil prices reach $42/barrel as OPEC+ laggards pledge better compliance

A premium for oil for immediate delivery usually indicates tightening supply and encourages storage to be drawn down

The oil factor

The surplus should not be a cause for any celebration

Oil prices rise as supply cut hopes outweigh Covid-19 resurgence fears

Coronavirus cases rose to more than 8 million worldwide by Monday, with infections surging in Latin America

The fuel cash cow

Govt must ensure greater transparency in fuel pricing

Market Ahead, June 15: Top factors that could guide markets this week

SGX Nifty is also down around 40 points, indicating a flat to lower opening for the Indian indices

Market Ahead, June 8: Top factors that could guide markets this week

The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues

Market Ahead, June 4: All you need to know before the opening bell

Today, a total of 15 companies including DLF, PI Industries, and SRF are scheduled to announce their March quarter results

Oil hits $40, cools off as doubts emerge over next step on Opec cuts

Saudi Arabia and Russia have a deal to extend the cuts by a month, but a policy meeting on Thursday rather than later in June is unlikely

Top headlines: May Services PMI improves, US to probe India for digital tax

From oil prices hitting a three-month high, May Services PMI improving from shock collapse in April to Google facing class action lawsuit, here are the top headlines of the day

Market Ahead, June 3: Top factors that could guide markets today

Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country

Oil prices increase ahead of Opec+ meeting on extended output cuts

OPEC+ producers are considering extending their output cut of 9.7 million barrels per day (bpd), about 10 per cent of global production, into July or August

Oil rescues big banks' commodities profits as gold income tumbles

The banks' net revenue from trading, selling derivatives and other activities in the commodities sector was around $1.5 billion over January-March, the financial industry analytics firm said

Oil slips as traders eye Opec-plus meeting to extend production cuts

Brent crude fell 34 cents to $37.50 a barrel, in the first day of trading in the contract with August as the front month

Market Ahead, May 29: All you need to know before the opening bell

Today, a total of 31 companies including Voltas, Jubilant Life Sciences, and Metropolis Healthcare, are scheduled to announce their March quarter results

Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis

Most of the reductions will take place this year, according to an internal memo said.