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Crude Oil prices News
Crude Oil prices
Uptrend in crude oil price may further impact India's fiscal position
Wed, Jan 10, 2018
Given the negative balance on Petro account, CARE stated that higher prices of crude oil will increase the trade deficit and put pressure on the rupee.
Why govt is wrong that car, bike buyers are rich enough to afford high petrol, diesel prices
Sun, Sep 17, 2017
The Union Minister Alphons Kannanthanam commented on Saturday that those who can afford to buy a car or bike, can afford to pay for the high petrol and diesel prices too.
Why is your petrol, diesel bill rising despite cheaper international crude?
Thu, Sep 14, 2017
Both petrol and diesel prices in India have reached at 3-year high on the back of higher taxes being levied by the government.
Asia stocks dip, dollar buoyant as Fed comes into view
Mon, Jun 12, 2017
A rate hike accompanied by a message suggesting that the Fed may raise rates more than expected in 2017 would support the dollar but be negative for equity markets.
Gold, silver prices to fall with crude oil rate going up!
Wed, May 24, 2017
Zee Business brings to you Ajay Kedia's analysis over the gold, silver and crude oil prices.
Oil prices pinned near five-month low as supply glut weighs
Fri, May 05, 2017
"So far OPEC`s strategy to draw down inventories has not worked ... It seems obvious to us that OPEC will need to keep the cuts in place for longer than the next 6 months if their strategy is to have any chance of success," Neil Beveridge, senior oil and gas analyst at AB Bernstein in Hong Kong said in a note to clients on Friday.
Brent crude closes at 2017 low, erases gains since OPEC's cuts
Wed, May 03, 2017
The market was already trading lower prior to the technical selloff on reports of rising output in the United States, Canada and Libya and declining compliance by members of the Organization of the Petroleum Exporting Countries with the deal to cut output during the first half of this year.
Demonetisation may lead to lower growth for cement sector, report says
Tue, Feb 28, 2017
Analysts at India Ratings said, “The operating profitability of cement manufacturers in FY18 to be around the FY16 and estimated FY17 levels, due to stable demand growth, despite increase in input costs. Demand will be backed by an increase in government expenditure.”
RBI may cut repo rate by 25 basis points in February: HSBC report
Fri, Jan 13, 2017
With uncertanity over implementation of GST, rising crude oil prices and the challenging 4% CPI in medium term, Reserve Bank of India (RBI) may cut repo rate for the final time by a 25 basis points (bps) in the February policy, says a report.
HSBC sees Sensex at 30,500 by end of 2017 on government reforms
Wed, Jan 11, 2017
Global financial services major HSBC has set an optimistic benchmark BSE Sensex target at 30,500 for December-end, 2017 saying that structural reforms like demonetisation and GST will boost growth in the long run.
OPEC oil output falls from record high ahead of planned cuts: Reuters survey
Thu, Jan 05, 2017
OPEC`s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria`s oil industry and top exporter Saudi Arabia trimming exports.
Oil prices fall on surprise build in U.S. crude stocks
Thu, Dec 29, 2016
U.S. oil prices fell on Thursday following a surprise build in the country`s crude stocks shown in data published by the American Petroleum Institute (API) late on Wednesday.
Prospects of rate cut bleak as dollar, crude rise: Assocham
Sun, Dec 18, 2016
Prospects of interest rate cut in near future may be bleak due to factors like continuous pressure on rupee against dollar, firming of the US rates and hardening of crude oil prices, according to a report.
Asian energy firms rally with oil on output cut deal
Mon, Dec 12, 2016
The 11 nations, led by Russia, said they would pump more than half a million fewer barrels a day from next month in an effort to address a global supply glut that has scythed prices over the past two years.
Oil prices fall for fourth day after stockpile build
Wed, Nov 02, 2016
Crude oil prices fell for a fourth day on Wednesday, with jittery investors awaiting official US stockpile figures later in the day after less comprehensive industry data showed a surprise build in inventories.
World Bank raises crude oil forecast to $55 per barrel for 2017
Thu, Oct 20, 2016
The OPEC members are limiting the production after a long period of unrestrained ouptut.
Oil prices jump on big US crude stock drawdown
Thu, Oct 20, 2016
The Energy Information Administration (EIA) said in its weekly report that US crude inventories dropped by 5.2 million barrels to a total of 468.7 million barrels in the week through October 14, Xinhua news agency reported.
Sensex closes up over 500 points; Nifty ends at 8,678
Tue, Oct 18, 2016
India's key equity benchmark indices closed up in green on Tuesday on the back of value buying, positive global indices, higher crude oil prices and stronger rupee. The 30-scrip Sensex index of BSE closed up 1.89%, or 520.91 points, at 28,050.88 on the exchange on Tuesday.
Oil edges up as analysts say market could be closer to balance than expected
Tue, Oct 18, 2016
Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.
Crude oil edges up before producer talks on output curbs
Wed, Oct 12, 2016
Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.