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%
Wed, Jun 15, 2022
WTI crude futures fell 8 cents, or 0.1%, to $118.85 a barrel by 0008 GMT. Brent crude futures fell 26 cents, or 0.2%, to $120.91 a barrel.
Tue, Jun 14, 2022
Oil prices rose on Monday in a session of volatile trade, as tight global supplies outweighed worries that demand would be pressured by a flare-up in COVID-19 cases in Beijing and more interest rate hikes.
Sun, Jun 12, 2022
The basket of crude oil that India buys has hit a decade high of USD 121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen.
Sat, Jun 11, 2022
Brent crude fell $2.12, or 1.7%, to $120.95 a barrel at 12:42 p.m. EDT (1642 GMT). U.S. West Texas Intermediate crude fell $2.02, or 1.7% to $119.49 a barrel.
Fri, Jun 10, 2022
Crude is at a 3-month high. Crude has gained about 25% in a month. This year the price of crude has increased by 56%. Brent crude reached $122 and WTI crude near $120. So what is going to happen in crude now? What is the impact of the lockdown in Shanghai? Will the crude go up to $140 again? What are the 10 major reasons for the rise in crude? Watch our exclusive show - 'क्रूड और भड़केगा या लुढ़केगा' With Mrityunjay Kumar Jha.
Thu, Jun 09, 2022
Crude touched a 13-week high. Crude rises due to increased demand on less supply. Crude oil at the height of last 3 months. Know full details from Neha Anand.
Wed, Jun 08, 2022
Today there is a big increase in crude prices in the commodity market. Crude price in MCX is trading near ₹ 9,400. The price of crude oil is trading 3 months high. Brent crude is trading above $122 and WTI crude is trading above $121. Will the crude prices increase further or will the market stop at this price? Know the opinion of experts on Commodity Superfast.
Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China`s top cities relax COVID-19 curbs.
Tue, Jun 07, 2022
Oil prices inched higher on Tuesday on expected demand recovery in China as it relaxed tough COVID curbs and doubts a higher output target by OPEC+ producers would ease tight supply.
Why US market slowdown? When will be the right time for fresh buying? How much concern for the market with expensive crude? Know from Anil Singhvi.
Mon, Jun 06, 2022
Crude reached a high of 3 months. Brent reached near $ 121, WTI crude reached near $ 120. Crude on MCX crossed Rs 9,300. Crude prices jumped about 18% in a month. Saudi Arabia hikes crude oil prices for Asia. The price for Asia increased by $2.10/barrel. Saudi Arabia increased the price more than expected. The market expected the price to increase by $ 1.5 / barrel. US kept prices stable for the second consecutive month. Despite OPEC+ decision to increase production, there was a rise in demand. Crude has also increased due to decrease in demand and supply in the market.
Why are US markets falling? What is the risk of interest rates rising in the US? How much will the interest rates increase in this credit policy? Why the rise in crude oil and what will be its effect on the market? How much further increase in crude oil prices is possible? Will there be fund flow from FIIs or not? Know full details from Ajay Bagga, Chairman and Market Expert of Elements Platforms.
In the last five sessions, Oil India/ ONGC shares have outperformed the market by gaining 16/5 per cent respectively on the BSE as compared to a 0.15 per cent gain in the S&P BSE Sensex.
Why did the break on the rebound of the US market take place? Why did crude oil jump again? How much fear for the rise in crude oil market? Know from Anil Singhvi.
Brent crude futures were up $1.80, or 1.5%, at $121.52 a barrel at 2319 GMT after touching an intraday high of $121.95, extending a 1.8% gain from Friday.
Sat, Jun 04, 2022
Brent crude rose $1.76, or 1.5%, to $119.37 a barrel by 1338 GMT. U.S. West Texas Intermediate (WTI) crude advanced $1.70, or 1.3%, to $118.57.
Fri, Jun 03, 2022
Today, an increase in the rates of gold and silver has been registered in the commodity market. Today 10 grams of gold has become Rs 51,290, while the rate of one kg of silver has gone up to Rs 62,733. At the same time, the pressure on crude oil remains. Crude was seen trading at Rs 9025 on MCX. Brent crude reached $ 117.31 and WTI crude at $ 116.47 per barrel. Watch Commodities Live with Neha Anand.
How sustainable is the US market growth? What is the reason for the rise in crude oil? Know from Anil Singhvi.
Thu, Jun 02, 2022
OPEC+ countries have agreed to increase their production by 6.48 lakh barrels per day in July and August, currently the price of crude oil is around the level of $ 115 per barrel. There may be more relief in oil prices in the coming times. In fact, OPEC+ has agreed to a sharp increase in its oil production. Know the full news from Mrituenjay Kumar Jha on India 360.
On the Multi Commodity Exchange, the price of crude oil for delivery in June fell by Rs 303 or 3.36% to Rs 8,710 per barrel. Globally, WTI crude fell by 2.74% to $112.10 per barrel. At the same time, the price of Brent crude oil fell by 2.62% to $ 113.24 per barrel. Why did crude fall? Watch Commodities Live with Swati Raina.
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