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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 price falls 2 pct on doubt over US-China trade talks

Oil price falls 2 pct on doubt over US-China trade talks

Tue, Oct 15, 2019

Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a US-China trade deal did little to assure a quick resolution.

WTI Crude: Oil prices hold gains after US inventory drawdown

WTI Crude: Oil prices hold gains after US inventory drawdown

Thu, Aug 29, 2019

WTI Crude: Oil prices clung to gains on Thursday after official data confirmed a big drop in US crude inventories, helping ease concerns about weakening demand.

WTI Crude: Oil prices rise after Trump says China trade deal likely

WTI Crude: Oil prices rise after Trump says China trade deal likely

Tue, Aug 27, 2019

WTI Crude: Oil prices rose on Tuesday after US President Donald Trump said he expected to sign a trade deal with China.

WTI Crude: Oil prices tank 5% on US stokbuild; halves losses on talk of Saudi price action

WTI Crude: Oil prices tank 5% on US stokbuild; halves losses on talk of Saudi price action

Thu, Aug 08, 2019

Oil prices tumbled nearly 5% on Wednesday after an unexpected build in U.S. crude stockpiles and on fears of slowing demand.

Fuel prices today: Petrol, diesel prices unchanged; check rates in Delhi, Mumbai, other cities

Fuel prices today: Petrol, diesel prices unchanged; check rates in Delhi, Mumbai, other cities

Wed, Jan 02, 2019

Oversupply of crude oil, possible US economic slowdown in 2019 are the major reasons responsible for consistent correction in prices of crude. Stability in the rupee, since a month and consistent fall in crude is positive for the Indian economy.

Oil prices set for first annual decline since 2015

Oil prices set for first annual decline since 2015

Mon, Dec 31, 2018

Oil prices climbed on the last trading day of the year on Monday, taking a cue from firmer stock markets, but were on track for the first yearly decline in three years amid concerns of a persistent supply glut.

Fuel prices today: Petrol, Diesel fall again; check latest rates

Fuel prices today: Petrol, Diesel fall again; check latest rates

Fri, Dec 28, 2018

Petrol price was reduced by 20 paise while Diesel witnessed a cut of 15 paise as the two commodities are now available at Rs 69.55 and Rs 63.62 a litre, in Delhi.

Festive cheer for commuters! Petrol prices cheapest this year, Diesel rates down too

Festive cheer for commuters! Petrol prices cheapest this year, Diesel rates down too

Thu, Dec 27, 2018

However, crude oil surged 8 per cent in the Wednesday's International market hours, jumping highest in the two years.

Fuel prices today: No change in petrol, diesel cost after Christmas; check rates in major cities

Fuel prices today: No change in petrol, diesel cost after Christmas; check rates in major cities

Wed, Dec 26, 2018

There is a huge sigh of relief for the commuters as the petrol touched all time high in October this year. Petrol was selling over the price bracket of Rs 90 per litre in Mumbai which is down by almost 17 per cent now.

Oil price plunges 6 percent as economic slowdown fears grip market

Oil price plunges 6 percent as economic slowdown fears grip market

Tue, Dec 25, 2018

U.S. crude futures have hit the lowest level since June 22, 2017, as jitters have grown about the impact of the escalating U.S.-China trade dispute on global growth and crude demand. Brent crude is at its lowest level since Aug. 17, 2017.

Christmas gift for commuters! Petrol prices slashed by 21 paise, diesel down by 19 paise

Christmas gift for commuters! Petrol prices slashed by 21 paise, diesel down by 19 paise

Mon, Dec 24, 2018

The petrol is selling down by Rs 14 to Rs 16 per litre in metro cities of India as compared to the prices in October 2018. The highest price petrol touched in Delhi was Rs 84 per litre and diesel sold at Rs 75.45 per litre in October this year.

Oil prices steady but remain under pressure from oversupply, global economic growth

Oil prices steady but remain under pressure from oversupply, global economic growth

Mon, Dec 17, 2018

Oil prices steadied after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand.

Oil, rupee fail to cheer markets as investors turn wary ahead of polls

Oil, rupee fail to cheer markets as investors turn wary ahead of polls

Fri, Nov 09, 2018

Key equity indices settled lower on Friday despite a sharp rebound in the domestic currency and a decline in global crude oil prices, as investors turned cautious ahead of key state assembly elections this month and the next.

Oil price dips but markets remain tight due to disruptions, record demand

Oil price dips but markets remain tight due to disruptions, record demand

Thu, Jun 28, 2018

U.S. oil prices dipped away from three-and-a-half year highs on Thursday amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline.

Oil prices stable after two-day decline, but rising U.S. output drags

Oil prices stable after two-day decline, but rising U.S. output drags

Wed, Mar 14, 2018

U.S. crude oil production has risen by almost a quarter since mid-2016 and output soared past 10 million bpd in late 2017, overtaking production by top exporter Saudi Arabia.

Saudi oil minister hopes OPEC, allies will ease output cuts in 2019

Saudi oil minister hopes OPEC, allies will ease output cuts in 2019

Sat, Feb 24, 2018

OPEC is reducing output by about 1.2 million barrels per day as part of a deal with Russia and other non-OPEC producers

Asia stocks down, dollar on defensive, gripped by risk aversion

Asia stocks down, dollar on defensive, gripped by risk aversion

Wed, Sep 06, 2017

Asian stocks tracked Wall Street`s slide overnight to slip on Wednesday while the dollar was on the defensive with tensions in the Korean Peninsula showing little signs of abating.

Global stocks tumble, yen gains after North Korea fires missile over Japan

Global stocks tumble, yen gains after North Korea fires missile over Japan

Tue, Aug 29, 2017

North Korea has conducted dozens of ballistic missile tests under young leader Kim Jong-Un, the most recent on Saturday, but firing projectiles over mainland Japan is rare.

Oil price may once again fall below $45 per barrel: How does it bode for India?

Oil price may once again fall below $45 per barrel: How does it bode for India?

Fri, May 12, 2017

OPEC and other major producers had been enjoying higher prices since agreeing in November to slash production, a strategy designed to rid global markets of excess supply. But now the strategy appears to be not working.

Oil ticks up on weaker dollar, stalled Russian output cuts

Oil ticks up on weaker dollar, stalled Russian output cuts

Fri, Mar 03, 2017

The dollar slipped on Friday from its highest in seven weeks against a basket of currencies, although still holding close to a level that anchors Brent crude near $55 a barrel and West Texas Intermediate (WTI) just under $53.

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