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Oil Price

ONGC, Oil India fall; Chennai Petroleum and MRPL trade with gains up to 3% as centre scraps windfall gains tax on crude

ONGC, Oil India fall; Chennai Petroleum and MRPL trade with gains up to 3% as centre scraps windfall gains tax on crude

Wed, Sep 18, 2024

Upstream oil companies remained in focus on Wednesday (September 18) as the government has done away with the windfall gains tax on crude petroleum. Earlier, the windfall tax was at Rs 1850 per tonne. The new rates will be effective from today.

Crude Oil: Top Brokerage Insights You Must Know!

Crude Oil: Top Brokerage Insights You Must Know!

Wed, Aug 28, 2024

Brokerages' opinion on Crude Oil - What will be the trend of crude oil going forward? How much will the price of crude fall? Crude Oil boom or recession ahead? Know complete details in this video....

Oil prices near flat as demand worries offset Middle East risk

Oil prices near flat as demand worries offset Middle East risk

Tue, Feb 13, 2024

If inflation worries delay Fed interest rate cuts, that could reduce oil demand by slowing economic growth.

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Oil, Omicron, Inflation and Interest Rates - What next on assets

Oil, Omicron, Inflation and Interest Rates - What next on assets

Fri, Jan 28, 2022

We spoke to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors on how Oil, Omicron, Inflation will impact interest rates in 2022.

Oil prices climb 1% on fears of tighter supply

Oil prices climb 1% on fears of tighter supply

Mon, Jan 24, 2022

Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East heightened concerns about an already tight supply outlook, while OPEC and its allies continued to struggle to raise their output.

Oil falls as U.S. inventory build prompts profit-taking

Oil falls as U.S. inventory build prompts profit-taking

Fri, Jan 21, 2022

Oil prices plunged on Friday, after rising to seven-year highs this week, as an increase in U.S. crude and fuel stockpiles prompted investors to take profits from the rally.

OPEC's share of Indian oil imports falls to lowest in at least 15 years

OPEC's share of Indian oil imports falls to lowest in at least 15 years

Fri, Jan 21, 2022

OPEC`s share of Indian oil imports fell in 2021 to the lowest in more than a decade despite a 4% rebound in annual crude purchases by the world`s third biggest oil importer, data obtained from industry sources showed.

Asian shares on the rise as China cuts key mortgage rate

Asian shares on the rise as China cuts key mortgage rate

Thu, Jan 20, 2022

Asian share markets broke a five-day slide to edge higher on Thursday, shrugging off drops in Europe and on Wall Street overnight as China underscored its diverging monetary and economic picture by cutting benchmark mortgage rates.

Oil rises to 7-year high as Turkey outage adds to tight supply outlook

Oil rises to 7-year high as Turkey outage adds to tight supply outlook

Wed, Jan 19, 2022

Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.

Oil extends rally on supply tightness, Brent at more than 3-year high

Oil extends rally on supply tightness, Brent at more than 3-year high

Mon, Jan 17, 2022

Oil prices rose on Monday, with Brent crude futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant.

Oil begins new year with gains, Omicron worries linger

Oil begins new year with gains, Omicron worries linger

Mon, Jan 03, 2022

Oil prices firmed on Monday as the market kicked off 2022 on a positive note with suppliers in focus ahead of Tuesday`s OPEC+ meeting, although surging COVID-19 cases continued to dent demand sentiment.

Oil climbs on weaker dollar, China, amid Omicron caution

Oil climbs on weaker dollar, China, amid Omicron caution

Wed, Dec 22, 2021

Oil prices rose again on Wednesday as the dollar slipped, with risk appetite returning as some governments resist imposing lockdowns to curb the spread of the Omicron COVID-19 variant.

Oil prices edge higher but investor worries on Omicron spread remain

Oil prices edge higher but investor worries on Omicron spread remain

Tue, Dec 21, 2021

Oil prices edged higher on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally, prompting countries to consider more restrictions potentially denting fuel demand.

Oil prices drop 2% as rapid Omicron spread dims fuel demand outlook

Oil prices drop 2% as rapid Omicron spread dims fuel demand outlook

Mon, Dec 20, 2021

Oil prices slumped by about 2% early on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new restrictions on businesses to combat its spread may hit fuel demand.

Oil heads for flat week on Omicron uncertainty

Oil heads for flat week on Omicron uncertainty

Fri, Dec 17, 2021

Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.

Oil prices retreat on bets that crude supply growth will exceed demand

Oil prices retreat on bets that crude supply growth will exceed demand

Wed, Dec 15, 2021

Oil prices fell on Wednesday for a third day on growing expectations that supply growth will outpace demand growth next year, even though the Omicron coronavirus variant is not seen curbing mobility as sharply as earlier COVID-19 variants.

Oil prices steady on demand concerns over Omicron spread

Oil prices steady on demand concerns over Omicron spread

Tue, Dec 14, 2021

Oil prices edged higher on Tuesday but price gains were capped due to investor worries about oil demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases.

Oil rises on optimism Omicron impact will be limited on fuel demand

Oil rises on optimism Omicron impact will be limited on fuel demand

Mon, Dec 13, 2021

Oil prices rose on Monday, extending gains from last Friday, helped by growing optimism that the Omicron coronavirus variant`s impact will be limited on global economic growth and fuel demand.

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand

Oil up on OPEC+ plan to meet ahead of schedule if Omicron dents demand

Fri, Dec 03, 2021

Oil prices climbed on Friday, extending gains after OPEC+ said it would review supply additions ahead of its next scheduled meeting if the Omicron variant hits demand, but prices were still on course for a sixth week of declines.

Oil prices rise on bets OPEC+ will hold off output hike

Oil prices rise on bets OPEC+ will hold off output hike

Tue, Nov 30, 2021

Oil prices climbed on Tuesday, extending a rebound from last week`s plunge on growing expectations major producers would pause plans to add crude supply in January amid uncertainty over the severity of the Omicron coronavirus variant.

Oil recoups losses from Friday, focusing on Omicron spread, Iran talks

Oil recoups losses from Friday, focusing on Omicron spread, Iran talks

Mon, Nov 29, 2021

Oil prices rose on Monday, recouping some losses after Friday`s plunge of about $10 a barrel, as investors looked for bargains but remained cautious with the focus on the Omicron coronavirus variant and Iran nuclear deal negotiations.

Oil falls on expected deal to tap emergency crude reserves

Oil falls on expected deal to tap emergency crude reserves

Tue, Nov 23, 2021

Oil prices dropped on Tuesday, reversing gains in the previous session, on growing talk the United States, Japan and India will release crude reserves to tame prices despite the threat of demand faltering as COVID-19 cases flare up in Europe.

Oil rises as investors look past possible reserve releases

Oil rises as investors look past possible reserve releases

Fri, Nov 19, 2021

Oil prices rose on Friday, after wild swings the day before, on investor concerns that potential coordinated releases by the world`s major economies of their official crude reserves to try to lower prices may have less of an impact than expected.

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