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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 prices fall as industry data shows big build in U.S. inventory

Oil prices fall as industry data shows big build in U.S. inventory

Wed, Nov 03, 2021

Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world`s largest oil consumer, and as pressure mounted on OPEC to increase supply.

Oil gains as traders await stocks data, Iran talks

Oil gains as traders await stocks data, Iran talks

Tue, Oct 26, 2021

Oil prices edged higher on Tuesday after trading down earlier, looking set to sustain a rally driven by strong demand in the United States, the world`s biggest consumer of oil and its products.

Fuel price cut relief may come soon as global oil softens

Fuel price cut relief may come soon as global oil softens

Wed, Jul 21, 2021

Consumer's bearing the brunt of rising fuel prices for more than a couple of months may expect some relief over the next few days as Oil marketing companies (OMC) have begun evaluating the fall in global oil prices and its resultant impact on fuel prices in the country.

Fuel prices rise by Rs 8.50 per litre during peak of Covid

Fuel prices rise by Rs 8.50 per litre during peak of Covid

Wed, Jun 30, 2021

You May not have realised it, but your fuel bill silently increased by about 10 per cent in the past two months during the peak of the second Covid wave that disrupted millions of lives in the country.

Diesel prices down 19-21 paise across metros

Diesel prices down 19-21 paise across metros

Sat, Sep 19, 2020

Diesel prices declined in the range of 19-21 paise across the four metropolitan cities on Saturday. In the national capital, diesel was sold at Rs 71.82, lower from Rs 72.02 per litre on Friday.

Oil price climbs for third straight week, buoyed by producers holding back output

Oil price climbs for third straight week, buoyed by producers holding back output

Fri, Aug 21, 2020

Meanwhile, an internal report by the Organization of the Petroleum Exporting Countries and allies, showed the group known as OPEC+ was focused on ensuring that members who had overproduced against their commitments would cut their output, as flagged following an OPEC+ meeting on Wednesday.

Surprise! Diesel prices to surpass petrol prices for 1st time in India

Surprise! Diesel prices to surpass petrol prices for 1st time in India

Wed, Jun 24, 2020

"The pricing development would push automobile companies to strategies being followed by companies in the western markets where diesel run cars are not sold on fuel pricing differential, but on overall make and quality that puts them ahead of petrol run cars," the expert quoted earlier.

Fuel prices today: Petrol, Diesel gets expensive for 2nd consecutive day

Fuel prices today: Petrol, Diesel gets expensive for 2nd consecutive day

Mon, Jun 08, 2020

Already, the gap between cost and sale price of petrol and diesel for the OMCs has reached around Rs 4-5 per litre. If this has to be covered over a period of time, given there is no further increase in the global prices, auto fuel prices may be increased by 40-60 paise per day for a couple of weeks to cover the losses.

Oil prices edge up ahead of upcoming OPEC+ meeting

Oil prices edge up ahead of upcoming OPEC+ meeting

Mon, Jun 01, 2020

"The focus is very much on OPEC+," OCBC economist Howie Lee said, referring to OPEC and its allies including Russia. OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day (bpd) in May and June after the coronavirus pandemic ravaged demand.

Gold prices rises above rs. 41,000 amid US-Iran tensions

Gold prices rises above rs. 41,000 amid US-Iran tensions

Mon, Jan 06, 2020

Gold prices breached the Rs 41,000 per 10-gram mark in the domestic market on January 6, tracking positive overseas trend from the international spot gold that neared a 7-year high, amid heightened tensions in the Middle East. #GoldPrice #Gold #Oil #OilPrice #US #Iran

Oil prices slip again as spectre of trade war, demand concerns haunts market

Oil prices slip again as spectre of trade war, demand concerns haunts market

Tue, Dec 10, 2019

That weakness came amid with fresh fronts in the trade war between Washington and Beijing that has stymied global economic growth coming up fast: Washington`s next round of tariffs against some $156 billion Chinese goods are scheduled to take effect on Dec. 15.

Oil prices slip as weak China exports highlights trade war impact

Oil prices slip as weak China exports highlights trade war impact

Mon, Dec 09, 2019

The weak start to the week came despite data showing China`s crude imports jumped to a record, revealing just how deep jitters are embedded in the market over the U.S.-China trade row that has stymied global growth and oil demand.

Oil futures rise on talk of further OPEC+ supply curbs

Oil futures rise on talk of further OPEC+ supply curbs

Tue, Dec 03, 2019

Oil eased off session highs as Wall Street dropped after data showed U.S. factory activity contracted in November and after U.S. President Donald Trump unexpectedly announced plans to reimpose tariffs on steel and aluminium from Argentina and Brazil.

WTI Crude: Oil prices stabilise, but set for big weekly loss amid trade gloom, rising output

WTI Crude: Oil prices stabilise, but set for big weekly loss amid trade gloom, rising output

Fri, Nov 01, 2019

WTI Crude: Oil prices steadied on Friday after a rough week, squeezed about 4% lower by a combination of rising global supply and uncertain future demand.

WTI Crude: Oil prices drop, US falls for third day as Cushing stocks rise

WTI Crude: Oil prices drop, US falls for third day as Cushing stocks rise

Wed, Oct 30, 2019

WTI Crude: Oil prices slipped on Wednesday, with US crude falling for the third day after an industry report that Cushing delivery hub shrugging off overall inventories.

WTI Crude: Oil prices edge lower ahead of inventory data

WTI Crude: Oil prices edge lower ahead of inventory data

Tue, Oct 29, 2019

WTI Crude: Oil prices edged lower in quiet trade on Tuesday as concerns about slower economic growth overshadowed progress in Sino-US trade war.

WTI Crude: Oil drops on weak Chinese corporate data

WTI Crude: Oil drops on weak Chinese corporate data

Mon, Oct 28, 2019

"But the market remains well supported on the dip," he said, pointing to signs of progress in China-U.S. trade talks. The two sides issued a statement on Friday saying they are close to finalizing some parts of a trade agreement.

WTI Crude: Oil holds steady as Russia reaffirms commitment to output cuts

WTI Crude: Oil holds steady as Russia reaffirms commitment to output cuts

Mon, Oct 28, 2019

WTI Crude: Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC.

WTI Crude: Oil prices rise as OPEC mulls deeper output cuts

WTI Crude: Oil prices rise as OPEC mulls deeper output cuts

Wed, Oct 23, 2019

WTI Crude: Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC and its allies mulled deeper production cuts.

Oil ticks up as rising crude stocks are offset by products demand

Oil ticks up as rising crude stocks are offset by products demand

Fri, Oct 18, 2019

In the third quarter, China`s economic growth slowed to 6% year on year, its weakest for 27-1/2 years and below expectations, dogged by soft factory production amid sluggish domestic demand and continuing trade tensions with the United States.

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