Crude oil prices could shift higher again once the market shakes off the latest bout of coronavirus jitters
Oil prices plunged for a fifth day in a row on Thursday, posting their biggest-one day declines since last summer on growing worries about rising Covid cases in Europe and the strengthening US dollar
Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).
Oil prices have been rising because of global demand amid a stringent environment of regulations. So, what is Budget 2021 going to do for the oil sector? Tune in for more
UBS expects Brent to trade at $63 per barrel in the second half of 2021
Experts say refiners in Asia may continue to see stressed crack spread
The company said it will uphold its commitment to pay out dividends of $18.75 billion for the second quarter
Lower input costs, led by soft crude oil prices, lend some hope
Brent crude futures for July delivery were trading down 11 cents, or 0.3 per cent, at $34.54 per barrel at 0031 GMT
The unprecedented withdrawal, revealed in Norway's Revised Budget for 2020, is more than four times the previous record set in 2016
So what has happened lately to cause such a massive drop? How bad is the global outlook? And what does all this mean for India, which is a major importer of petroleum products? Let's take a Deep Dive
The meeting between Opec producers and allies was held on Sunday via videoconference in a last effort to establish a deal
The American Petroleum Institute said it was organising the Friday meeting with Trump, but denied the purpose was to ask for financial help.
IMF officials have been urging a strong, coordinated global response, including rolling out spending measures to cushion the blow from the virus
In an interview with Jyoti Mukul, ONGC chairman talks about India's move towards a gas-based economy, future of ONGC and the rise of renewable energy in India
Trump said on Saturday that talks with China were moving along "very nicely"
Chinese and American negotiators meet in Shanghai this week amid tempered expectations for a breakthrough in their year-long trade war that has dented demand
Prices edged higher by about 0.6% on Wednesday after a report showed a contraction in U.S. crude stockpiles
Brent for August settlement lost 34 cents, or 0.5 per cent, to $64.52 a barrel on London's ICE Futures Europe Exchange. It dropped 0.5 per cent on Monday
Oil was pressured by a slump in stocks and other risk assets as investors moved into safe havens like Treasury bonds in response to the intensifying US-China trade war