Tag: Crude oil
17 Results
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COVID-19: Output of India’s eight core industries contracts 23.4 pc in May
During April-May 2020-21, the sector's output dipped by 30 per cent as compared to 4.5 per cent in the same period previous year.
June 30, 2020 -
Going up! Petrol, diesel prices rising as India opens
1. These rise of prices in India is backed by the rise of international crude oil rates. 2. Government is collecting approximately 270 per cent taxes on the base price of petrol and 256 per cent in the case of diesel. 3. This steep rise in excise duty has resulted without resultant increase in petrol and diesel prices, had substantially brought down its marketing margins.
June 11, 2020 -
US Oil price plunges again, hits $11 per barrel steep selloff continues
At the time of reporting, the June WTI crude was at $11 per barrel lower by 18.08 per cent from its previous close.
April 28, 2020 -
Weak oil rattles Indian stocks; Sensex, Nifty trades in red
At the time of reporting, the S&P BSE Sensex was trading at 30,555.67 lower by 1,092 points from the previous close of 31,648.
April 21, 2020 -
Supply-demand mismatch pushes oil prices to 21-year low at 14$
U.S. benchmark, West Texas Intermediate (WTI), plunged below the $15 per barrel mark as the lockdown led by the COVID-19 pandemic.
April 20, 2020 -
OPEC members agree on ‘historic’ output cuts amid COVID-19 pandemic lockdown
The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and partners foresees deep output cuts in May and June followed by a gradual reduction in cuts until April 2022.
April 13, 2020 -
India will remain engine of world’s energy demand growth: Pradhan to G20 leaders
India being world's third-largest oil consumer is planning to spend $ 670 million to buy oil at around the $30 a barrel for its strategic reserves purchased from Saudi Arabia and UAE.
April 11, 2020 -
Crude oil prices drop after ‘OPEC+’ delays emergency meet
Reports suggest that the new rift between the OPEC de facto leader Saudi Arabia and other major oil producer Russia has led to the postponement of the meeting.
April 6, 2020 -
Oil prices rise after US President Donald Trump hints at huge production cuts by Saudi, Russia
The president suggested that massive production cuts could be on the way as the two countries have agreed to cut approximately 10 million barrels.
April 3, 2020 -
Oil plummets to 7-Year lows as virus infects the Crude market
US benchmark West Texas Intermediate fell 5.3 per cent to trade at $20 a barrel, while international benchmark Brent crude was off 6.5 per cent at 23.
March 30, 2020 -
Sensex tanks over 2400 points amid Coronavirus fears; Reliance suffers worst fall in 10 years
Stocks of Reliance Industries nosedived 11 per cent in its worst single-day fall in at least 10 years as it fell to Rs 1,094.95 per share.
March 9, 2020 -
Crude oil tumbles after Saudi Arabia cuts price; India to gain
Crude is trading down 22 per cent to $32 a barrel. Brent crude, the global benchmark, has also plunged 22 per cent to $35 a barrel.
March 9, 2020 -
Petrol, diesel prices cut for fourth straight day
Petrol prices have dropped 61 paise a litre in the National Capital Region (NCR) over the past four days, while the prices of diesel have come down by 52 paise a litre.
March 8, 2020 -
Crude oil futures down by Rs 23 to Rs 3,783 per barrel
Experts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak spot demand.
January 30, 2020 -
Slump in Brent crude followed by coronavirus outbreak results in fall fuel price
The price of petrol was cut by 15 paise and diesel fell by 25 paise across all major cities on Monday.
January 27, 2020 -
Crude oil futures slip by 0.17% on easing tensions in Middle East
Crude oil for February delivery was down Rs 9, at Rs 4,234 per barrel with an open interest of 820 lots.
January 10, 2020 -
Keeping close watch on developing geopolitical tension between US-Iran: Pradhan
Further, Pradhan said that Foreign Ministry is in constant touch with countries in the region.
January 8, 2020