Page 2 - Crude Prices
Policy transmission disjointed in bond market: RBI deputy governor Patra
The Deputy Governor flagged instances of wild swings in sovereign bond yields in response to factors such as the announcement of the government's borrowing programme and interest rate changes
 "Policy transmission disjointed in bond market: RBI deputy governor Patra")
Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%
Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said
 "Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%")
Govt navigated global energy challenges well, says Hardeep Puri
Petroleum Minister Hardeep Puri on Friday said the government has navigated the global energy challenges very well, insulating the developing economy from the rising global crude and gas prices
 "Govt navigated global energy challenges well, says Hardeep Puri")
Indices log best 1-day gains in five weeks, soar 2.3% as bond yields cool
FPIs buy shares worth Rs 1,345 crore
 "Indices log best 1-day gains in five weeks, soar 2.3% as bond yields cool")
Sensex, Nifty end lower on selloff in metal, banking and financial
After jumping nearly 560 points during the session, the 30-share BSE index ended 37.70 points or 0.07 per cent lower at 57,107.52.
 "Sensex, Nifty end lower on selloff in metal, banking and financial")
Higher gas prices raise difficult questions for Reliance, Adani Group
The 153% jump in prices of natural gas this year has raised the stakes for the government of India to get its policy right in the sector
 "Higher gas prices raise difficult questions for Reliance, Adani Group")
Govt holding bilateral talks over Gazprom-GAIL issue, won't seek penalty
The centre may neither pursue arbitration with Gazprom, the world's largest natural gas explorer, nor accept a penalty from the company after it halted supplies to GAIL in May
 "Govt holding bilateral talks over Gazprom-GAIL issue, won't seek penalty")
India likely to offer $2.5 billion lifeline to cost-hit oil companies
The three biggest state-run retailers, which together supply more than 90% of India's petroleum fuels, have suffered the worst quarterly losses in years by absorbing record international crude prices
 "India likely to offer $2.5 billion lifeline to cost-hit oil companies")
Govt plans Rs 20,000-cr aid to oil firms hit by soaring costs: Report
The oil ministry has sought a compensation of Rs 28,000 cr, but the finance ministry is agreeing to only about a Rs 20,000-cr cash payout, say sources
Saudi Aramco profit surges to another record on bumper oil market
Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production
 "Saudi Aramco profit surges to another record on bumper oil market")
Windfall tax: Frequent changes create uncertainty for Indian oil producers
Experts say move is justified but government should clarify how proceeds will be utilised
 "Windfall tax: Frequent changes create uncertainty for Indian oil producers")
Oil prices slip as weak manufacturing data stokes recession fears
Brent crude futures fell 29 cents to $99.74 a barrel by 0002 GMT, with WTI crude futures down 22 cents at $93.67 a barrel
 "Oil prices slip as weak manufacturing data stokes recession fears")
Oil prices fall as China slowdown spurs concern over demand outlook
Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19
 "Oil prices fall as China slowdown spurs concern over demand outlook")
Markets posts biggest weekly gain in two months as benchmarks add 3% each
Softening bond yields, moderation in FPI selling boost sentiment; both indices are now up 6% from year's low, but still down over 12% from their record high levels seen last October
 "Markets posts biggest weekly gain in two months as benchmarks add 3% each")
Benchmark indices extend winning streak as commodity prices moderate
Buying in IT stocks - spurred by a global trend - accounted for the bulk of the gains in the benchmark indices
 "Benchmark indices extend winning streak as commodity prices moderate")
Rupee set to weaken beyond 80 per dollar due to rising crude prices: BofA
The currency has already slumped more than 5% this year as Russia's invasion of Ukraine sent Brent crude surging to almost $140 a barrel in March
 "Rupee set to weaken beyond 80 per dollar due to rising crude prices: BofA")
Oil prices rise in early trade on market caution over supply concerns
Oil prices rose 1per cent in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products
 "Oil prices rise in early trade on market caution over supply concerns")
Oil prices jump in early trade after Saudi Arabia hikes crude prices
Oil prices rose more than $2 in early trade after Saudi Arabia raised prices sharply for its crude sales in July
 "Oil prices jump in early trade after Saudi Arabia hikes crude prices")
Adanis commit $75 million in Borouge's $2-billion IPO, says report
Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO
 "Adanis commit $75 million in Borouge's $2-billion IPO, says report")
Equity MFs inflows dip 44% month-on-month in April as volatility bites
Geopolitical tension due to Russia- Ukraine war, concerns over surging crude prices and uptick in domestic inflation have weighed on market performance in recent months
 "Equity MFs inflows dip 44% month-on-month in April as volatility bites")
