Page 47 - Oil Prices

Street signs: The SBI Cards IPO math, ETF overhang for YES Bank, and more

Grey market premiums have dropped to 10% after last week's market fall.

Coronavirus outbreak: Markets extend slump; oil down 10% intra-day

Brent crude was trading at $46.36/barrel (down 7.84 per cent) at 11.46 pm IST.

OPEC to try to stem global oil price plunge amid Coronavirus slowdown

Prices were already under pressure at that point from abundant reserves and weak global growth

Oil rises over 4% on hopes of OPEC cut and stimulus amid virus gloom

Brent crude futures gained $2.23, or 4.5 per cent, to settle at $51.90 a barrel. The session low of $48.40 was its lowest since July 2017

Jet fuel prices cut by steep 10% as oil slumps over coronavirus outbreak

The rate of non-subsidised LPG was also reduced to Rs 805.50 per 14.2-kg cylinder from Rs 858.50 previously

After a $1-trillion wipeout, emerging markets bank on large fiscal stimulus

More than $1.1 trillion was wiped off the value of developing-nation stocks and bonds last week as the economic impact of the coronavirus worsened

Oil bounces from multi-year lows as hopes of OPEC+ cut offset virus impact

US West Texas Intermediate crude hit a 14-month low of $43.32 a barrel, before recovering to $45.23, up 47 cents, or 1.1%

Oil prices sink to lowest in over a year, biggest weekly drop since 2016

For the week, Brent lost almost 14 per cent, its biggest weekly percentage decline since January 2016, while WTI fell over 16% in its biggest weekly percentage drop since December 2008

Oil slumps over 4% as traders fret over Coronavirus impact on crude demand

US crude oil stockpiles increased by 452,000 barrels to 443.3 million barrels

India's import of US oil jumps 10-fold to 250,000 bpd: US Energy Secretary

India began importing crude oil from the US in 2017 as it looked to diversify its import basket beyond the OPEC nations

Crude oil prices likely to face resistance at $58/bbl on coronavirus fears

The OPEC+ nations have agreed to cut crude oil production by further 0.6 mbpd

Coronavirus: Govt announces relief for contractors; oil rallies for 7th day

The announcement came a day after FM held talks with industry leaders on coronavirus-related issues

ONGC: Coronavirus-led pressure on oil prices pulls down stock to 15-yr low

Concerns post a weak Q3 due to declining volumes and realisations coupled with government's stake sale plan were already weighing on investor sentiment

Coronavirus: Oil holds steady even as outbreak continues to have impact

This comes a week after oil rose for the first time since early January on hopes that Chinese measures would lead to improving demand

Coronavirus outbreak will hit oil hard, but the consensus ends here

It is no surprise that the IEA, representing the major oil consuming nations, sees the biggest impact on demand

More gloom for Asian rivals as China is set to expand oil refining capacity

China is already Asia's No.1 exporter of gasoline and jet fuel, and ranks No.3 in diesel after India and South Korea

Oil rises for second day as investors take stock of hit from coronavirus

Brent crude rose 33 cents, or 0.6%, to $59.84 a barrel by 0103 GMT, while US crude was up 31 cents, or 0.6%, at $53.79 a barrel.

Global oil market well supplied; see no reason for spike in prices: IEA

Oil prices in 2019 remained around $60 per barrel despite attack on Saudi Aramco's oil facilities, Iran oil going out of market and collapse of major oil producer Venezuela

Budget maths won't be hit if oil is below $70 a barrel, say analysts

Oil sank to the lowest level in a month after shedding all of its gains from the US-Iran clash

On hopes of US-Iran de-escalation, Sensex soars 634 points, oil cools off

Standard gold falls over 2.4% to Rs 39,772, biggest drop since Oct 2016