Page 2 - Oil Price
Oil prices dip amid recession fears, weak demand but supply cuts support
Brent crude futures were down $1.49, or 1.6%, at $93.08 a barrel at 1330 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.64, or 1.8%, to $87.47.
OPEC+ production cut ahead of winter puts India on a slippery slope
A higher than expected production cut by the group will add to the strain on government finances
Rupee inches up, likely delay in bond index inclusion caps gains
Reuters on Tuesday reported local govt bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues
Oil price edges up from 7-month low as Russia threatens export halt
Prices drew some support from Russian President Vladimir Putin's threat to halt oil and gas exports if price caps are imposed by European buyers
India to tell US that Russia oil price cap needs broader consensus: Report
The South Asian nation, which has emerged as one of the biggest buyers of Russian oil since the invasion of Ukraine, is hesitant to join the plan unless a consensus is reached with all buyers
Sensex hits 60k mark after 4 months amid oil slump, revival of FPI inflows
Level last seen on Apr 5; indices up 17% since June 17 lows
Rupee falls to a fresh low, just 40 paise away from 80 per dollar
The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close
Edible oil prices will soften by Rs 15/litre in a few weeks: Industry
Decision arrived at today during a meeting between industry players & officials
Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance
Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market
In no hurry to add to India position; buy only on a dip: Chris Wood
Given the macro headwinds - the need to tighten monetary policy combined with the risk of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position
India's Russian oil import 'minuscule', must not be politicised: Govt
Country's energy needs are enormous, says oil ministry in statement.
Oil climbs higher but takes a breather in tight range; Brent rises 55 cents
U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.4 per cent, to 102.60 a barrel, adding to a 19 cent gain in the previous session.
Oil prices rebound after sharp losses as supply concerns dominate
Brent crude futures rose 66 cents, or 0.6%, to $107.91 a barrel by 0623 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 46 cents, or 0.5%, to $103.02 a barrel
Oil price rises in early trading as uncertainty around supply persists
Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns about supply disruptions
Oil slides near 2% as European Union fails to boycott Russian crude
Without an EU embargo of Russian oil, Commerzbank analyst Carsten Fritsch said sanctions were unlikely to have a major impact on the oil market
Saudi Arabia says it's not responsible for high oil prices
It quoted the Foreign Ministry as saying that the international community must assume its responsibility to maintain energy supplies in order to stand against the Houthis
Saudi Aramco 2021 profit soars on oil price hike, plans capex boost in 2022
Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher oil prices, and announced plans to sharply lift capital expenditure in 2022
Global shares mixed after oil price climbs back above $100 per barrel
Shares have opened lower in Europe after gains for most Asian benchmarks as oil prices hovered above USD100 per barrel. Stocks rose in Tokyo and Shanghai but fell in Paris, Frankfurt and London. U.S. futures were lower. Ukrainian President Volodymyr Zelenskyy called for more help for his country after days of bombardment of civilian sites in multiple cities over the past few days. The war, and plans for President Joe Biden to speak with Chinese President Xi Jinping later Friday were among the uncertainties overhanging markets. The White House said the conversation will center on managing the competition between our two countries as well as Russia's war against Ukraine and other issues of mutual concern. Germany's DAX slipped 0.3per cent to 14,357.48 and the CAC 40 in Paris lost 0.5per cent to 6,583.42. Britain's FTSE 100 lost 0.2per cent to 7,368.02. The futures for the S&P 500 and Dow industrials were 0.4per cent lower. Wrapping up a two-day meeting, the Bank of Japan opted to
Inflation likely slipped in Feb but will rebound soon: Economists poll
Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future
Cash dominates India playbooks as markets recoil from oil price shock
Surging oil prices have battered market sentiment toward major energy importer India, pushing down the rupee to a record low and dragging stocks and bonds
