Oil Prices Sink

ONGC gains 1% ahead of March quarter earnings; here's what to expect

Earlier this month, the state-run company said it was looking at opportunities for optimising its capital and operational expenditures.

Oil slides as US crude, gasoline, oil inventories rise more than expected

The decline extended losses from Wednesday on uncertainty about Russia's commitment to deep oil production cuts in the lead-up to a June 9 meeting of OPEC+

Bombay HC gives four week to MCX, Sebi to reply on negative crude price

Court refuses to stay MCX's April 21 circular, which fixed a negative settlement price on the Aprol crude oil contract

Oil prices slump again on storage capacity, global demand concerns

Global economic output is expected to contract by 2% this year - worse than the financial crisis - while demand has collapsed by 30% because of the pandemic.

Forward premia slide as markets see dollar crunch despite crude oil mayhem

The forward premium comes down when the demand for the spot is more than the future dollar

Asian Paints gains 5% amid a historic drop in oil prices, nears record high

The stock has rallied 21% in the past month.

ICICI Bank confirms exposure to Singapore-based oil trader Hin Leong

The Bank did not elaborate the extent of its exposure and the steps it is taking to protect its interest

Oil & gas stocks tumble as US oil price collapses; ONGC declines over 6%

Among oil marketing companies, Indian Oil Corporation (IOC) was down over 3 per cent at Rs 84.85

Global stocks jump on coronavirus slowdown hopes; oil slips on supply fears

Equity investors took solace as the death toll from the coronavirus slowed across major European nations including France and Italy

As global gas prices crash, traders turn ships into floating storage

But while crude can sit for months or even years in a tank, super-chilled LNG tends to evaporate even in the specialised vessels that handle it.

Sovereign wealth fund holdings under heavy pressure as oil prices crash

The share of such funds among overall foreign holdings had risen over the last 18 months

Sensex, Nifty fall over 4% amid global oil rout, coronavirus spread

The Sensex dropped 1,375 points, or 4.6 per cent, to end at 28,440, while the Nifty 50 index declined 379 points, or 4.4 per cent, to end at 8,281.

Saudi Aramco plans to sell pipeline stake amid a slump in crude prices

Aramco may need to raise cash this year as it confronts a historic rout in oil prices and a burgeoning list of spending obligations.

Oil's 60% crash due to coronavirus outbreak is tip of an iceberg

Having collapsed by about 60 per cent this year, Brent and West Texas Intermediate crude have stabilised at around $25 a barrel, but the price rout is far deeper for actual cargoes

Oil plunges to 18-year low as coronavirus lockdowns trigger market meltdown

The decline in the US market in the last 10 days is the largest ever for the contract since it was introduced in 1983

L&T, KEC Int'l: Oil price crash, Covid-19 to hit capital goods companies

The sharp slide in crude oil prices of more than 40 per cent to $30/barrel is expected to impact overall orders/awarding from the Middle East and North Africa (MENA) region

Brent crude sinks below $30 a barrel as coronavirus pandemic hits growth

Brent crude futures for May delivery fell 56 cents to $29.49 a barrel, or 1.9 percent, at 13:35 EST (1135 GMT)

Markets reverse all gains in closing hour; Sensex ends 811 points lower

Nifty falls below 9,000 after dropping 10% in two days

Oil slumps below $30 as coronavirus spreads, OPEC rancor remains elevated

The coming flood of supply from Saudi Arabia and other producers could result in the largest surplus of crude in history, said global information provider IHS Markit

Saudi Aramco likely to sustain higher April oil output through May: CEO

Aramco said last week it would be raising its output in April to a record 12.3 million barrels per day in a fight for market share with Russia that has helped to hammer global oil prices