Page 45 - Oil Prices

Coronvirus won't have adverse impact on Indian economy: Anurag Thakur

"Additionally, a positive impact on India's economy may arise from a decline in global oil prices triggered by the outbreak of COVID19," he added.

Moody's cuts India's GDP growth to 5.3% for 2020 over Covid-19 outbreak

Moody's said oil price shock adds to growth and fiscal pressures for exposed sovereigns.

Petrol, diesel price cut by 0.15 paise: Check today's rates in top cities

Petrol now costs Rs 69.59 per litre in Delhi and Rs 72.29 per litre in Kolkata

Sharper cuts in fuel prices if oil cos forego supernormal profits: Report

The govt raised excise duty on both petrol and diesel by Rs 3 per litre

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

Statsguru: Oil price fall, coronavirus fear trigger global growth concerns

Fears that the spread of COVID-19 would push the global economy into recession have led to extreme risk aversion among investors

All asset classes are vulnerable as things stand, says Marc Faber

The Nifty50 index hit a lower circuit on Friday as panic spread.

Instead of heeding my advice, our 'genius' hiked excise duty on fuel: Rahul

Taking a dig at Prime Minister Narendra Modi, Congress leader Rahul Gandhi on Sunday said he had asked the PM to to pass on the benefit of the global oil price crash to Indian consumers, but instead "our genius" hiked excise duty on fuel. His jibe at the prime minister came a day after the government hiked excise duty on petrol and diesel by a steep Rs 3 per litre each to garner about Rs 39,000 crore additional revenue. "Just 3 days ago I had requested @PMOIndia to pass on the benefit of the global oil price crash to Indian consumers, by slashing the prices of petrol & diesel in India. Instead of heeding this advice, our genius has gone and hiked #exciseduty on fuel!" Gandhi tweeted. He also tagged a video of a press conference in which Finance Minister Nirmala Sitharaman purportedly avoids answering a question on why government has not passed on the benefits of the global oil crash to the people. The former Congress president on Wednesday had accused Prime Minister Modi of being .

Saudi Aramco reports 20.6% drop in 2019 profit over low prices, production

The energy giant posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, it said in the statement to the Saudi Stock Market

Petrol prices cut by 12 paise a litre, diesel declines by 14 paise

Petrol in Delhi now costs Rs 69.75 per litre, while diesel is priced at Rs 62.44, according to a price notification of state-owned oil firms

Oil falls for third straight day, Brent crude set for worst week since 1991

For the week, Brent is set to fall 28 per cent, the biggest weekly decline since the week of Jan. 18, 1991

BPCL buys 2 mn bbls extra oil as Saudi cuts price, plans to hike output

BPCL's head of refineries also said his company is also exploring buying additional oil from UAE

Coronavirus: Oil dips 6% after Trump announces travel ban on Europe

West Texas Intermediate slipped 6.2 per cent to $31 a barrel while Brent crude was off 5.8 per cent

Sovereign wealth funds may cut down India play as oil prices drop

Foreign outflows could accelerate further if oil prices stay low

Saudi discount to only partially transmit in product prices: IOC chief

According to Sanjiv Singh, chairman of Indian Oil Corporation, each rupee depreciation results in Rs 2,500 crore of more outgo on crude oil import

Oil price drop, valuation comfort: Time to buy in this market correction

Analysts at Jefferies say the risk-reward is now favourable for investors to start buying

Lower oil prices would lead to direct reduction in GAIL earnings : Analysts

Start of new fertiliser plants offers some comfort, but disparity between procurement and selling price of gas would hurt profitability, say analysts

Oil prices fall as Saudi moves to boost output amid price war with Russia

West Texas Intermediate fell 1.7% to about $33 a barrel while Brent crude was off 1.7% at $36 a barrel

Rahul accuses PM Modi of destabilising elected Congress govt in MP

Gandhi also said the PM may have 'missed' noticing the 35 per cent crash in global oil prices and asked him to pass on the benefit to Indians by slashing petrol prices

RIL jumps 6% post Monday rout as oil prices rise, Macquarie upgrades

RIL had hit a 52-week low of Rs 1,094.95 on Monday (March 9) owing to crash in crude oil prices after Saudi Arabia and Russia triggered a price war.