Thu, Nov 28, 2024
The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel (ATF) as global crude oil prices have stabilised, sources said. Phenomenal profits made by some oil refiners on exporting fuel at the expense of domestic supplies had prompted the government to introduce an export tax on petrol, diesel and ATF in July 2022.
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Fri, Oct 04, 2024
India is bound to be impacted by the spillover impact of global developments, a central government official has said.
Tue, Oct 01, 2024
Brent crude slipped below $70, Brent crude fell by about 2.5%
Mon, Apr 03, 2023
Most energy stocks such as Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL), Mangalore Refinery & Petrochemicals (MRPL), and Chennai Petroleum Corporation were in demand during Monday's trading session on the exchanges.
Due to the upheaval brought on by the bankruptcy of a Silicon Valley bank and the bailout of Credit Suisse AG, oil prices last month reached a 15-month low. When the financial crisis began to show signs of stabilisation, prices had regained the majority of those losses.
How important is the OPEC+ meeting to be held today? What is the strategy of OPEC+? What will happen next in crude oil? Know from Anil Singhvi.
Sun, Apr 02, 2023
Pakistan, which is currently grappling with high external debt and a weak local currency, is desperate to purchase cheap crude at discounted rates from Russia.
Wed, Mar 29, 2023
India's merchandise imports are estimated to grow by about 16 per cent to USD 710 billion in this fiscal due to a jump in inbound shipments of crude oil, coal, diamonds, chemicals and electronics, a report by economic think tank GTRI said on Wednesday.
Tue, Mar 21, 2023
Government officials have indicated that the windfall tax would be removed once oil prices fall by $40 per barrel from what it was in July 2022 at the time it was introduced. India first imposed windfall profit taxes on July 1 last year.
Thu, Mar 16, 2023
Shares of IOC, BPCL, and HPCL surged on March 16. A day after international crude oil benchmarks eased to their lowest levels recorded in more than a year. Brent and US WTI crude oil prices fell around 5% each to $73.7 per barrel and $67.6 per barrel respectively.
Crude oil price effect: Shares in state-run oil marketing companies Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HINDPETRO) jumped on March 16, a day after international crude oil benchmarks eased to their lowest levels recorded in more than a year. Brent and US WTI crude oil prices fell around five per cent each to $73.7 per barrel and $67.6 per barrel respectively.
Global crude oil prices hit a 15-month low on Wednesday and are below $75
The banking crisis in the US has created panic in the commodity market. Crude oil reached a 15-month low. How will be the action in the commodity market ahead? Know from Mrituenjay Kumar Jha in this video.
Wed, Mar 15, 2023
The commerce ministry says that a sharp spike in imports from Russia is due to increased inbound shipments of crude oil
Share Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 extended losses to the fifth session in a row on Wednesday, with the Nifty50 closing below the psychologically-important 17,000 mark for the first time in five months. The Indian stock market reversed course in the second half of a volatile session after a gap-up start, as banking shares continue to fall after a day's gap thanks to fears of contagion after the sudden collapse of Silicon Valley Bank (SVB).
Sat, Mar 11, 2023
The analysts believe that triggers like foreign investors flow, the Indian rupee (INR) versus the US dollar (USD) movement and brent crude oil trends may also impact the benchmark equities in the next week.
Sun, Mar 05, 2023
From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict in February 2022, Russia's share of India's imports rose to 1.62 million barrels per day in February, taking a 35 per cent share.
Sat, Mar 04, 2023
Windfall Tax: The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has hiked to Rs 4,400 per tonne from Rs 4,350 per tonne, the order dated March 3 said.
Thu, Mar 02, 2023
Gold is trading flat at Rs 55,755 on MCX. At the same time, there is a slight fall in the prices of silver. Silver is trading at Rs 64,020 on MCX. In such a situation, what should be the trading strategy in gold and silver at the current price? Crude oil touched a 2 week-high, what are the reasons for the rise in crude? There is recovery in natural gas, how far will natural gas prices go? Metal prices fell on MCX, What strategy to keep in metals? Know Expert's opinion here. Watch this video.
Wed, Mar 01, 2023
Last month, the exchange signed a data licensing agreement with CME Group. The pact allows the bourse to list, trade and settle rupee-denominated NYMEX WTI crude oil and natural gas derivatives contracts on its platform.
Tue, Feb 28, 2023
The month of February has proved to be the worst month for the commodity market. Gold recorded the biggest monthly decline in 2 years. Gold fell about 6% in February. At the same time, silver declined for the second consecutive month. Crude oil declined for the fourth consecutive week. Apart from this, metals also recorded the huge decline. In such a situation, what should be your trading strategy? Know the expert's opinion on Commodity Superfast.
Wed, Feb 22, 2023
Brent crude oil slipped more than 1% in a volatile session on Feb 21 as persistent concerns about global economic growth outweighed supply curbs and prompted investors to take profits on the previous day's gains
Thu, Feb 16, 2023
Windfall profit tax on domestically produced oil has been cut to Rs 4,350 per tonne from Rs 5,050. The decision is in line with international oil prices
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