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India cuts down dependence on Iran oil

22-07-2014| Source:PTI

India imported 11 million tonnes of crude oil from Iran in the fiscal year ending March 31, 2014, down from 13.14 million tonnes in the previous fiscal, official sources said. The imports from Iran

Buy MCX Crude Oil; target of Rs 6252/6270: Karvy


According to Karvy, one can buy MCX Crude Oil at Rs 6195-6190 for the target price of Rs 6252/6270 with a stop loss of Rs 6158.

Cairn eyes govt's nod to export crude from Rajasthan field  

22-07-2014| Source:CNBC-TV18

Sources suggest that Cairn India is seeking government approval to export crude from Rajasthan field.

Copper, nickel to be muted, buy aluminium on dips: Motilal


Investors in Crude oil will closely watch an intensifying geopolitical crisis between Russia and the West and upside risks to price remain in the short term.

Crude can retest Rs 6200-6230 zones, says Emkay


Immediate downside support for Crude oil is placed around Rs 6130 levels. Prices can retest Rs 6200-6230 zones during the session, says Emkay.

US leading global mkts; stay away from gold: Nuveen AMC  

21-07-2014| Source:CNBC-TV18

.On asset picks, Doll advises staying away from gold while adding that the weakness seen in crude oil was owing to demand-supply mismatch.Below is the verbatim transcript of Robert Doll's interview with Latha

BPCL, HPCL, IOC fall as crude price soars on global crisis


Stocks like BPCL, HPCL and IOC are down 2-3 percent each intraday on Friday. Oil prices rose in Asia after a Malaysia Airlines plane came down in war-ravaged Ukraine and Israel launched a ground

Brent crude to inch $2-3 higher this quarter: Citi  

17-07-2014| Source:CNBC-TV18

Edward Morse, Global Head-Commodities at Citi believes that demand for crude will now go up and brent price in the current quarter will be pricing USD 2-3 higher.

Buy MCX Crude oil; target of Rs 6054: Karvy


Buy MCX Crude oil at Rs 6000-6005 for the target price of Rs 6054 with a stop loss of Rs 5980 & sell at Rs 6054-6060 for the target price of Rs 6000 with a stop loss of Rs 6090.

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