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MRPL back in black with Rs 298 crore profit in Dec quarter

13-02-2016| Source:PTI

The firm earned USD 8.4 on turning every barrel of crude oil into fuel in third quarter of current fiscal as compared to USD 6.74 a barrel gross refining margin in the year-ago period.

Oil rockets from 12-year low on renewed talk of OPEC cut

13-02-2016| Source:Reuters

Countries was willing to cooperate on an output cut, the Wall Street Journal reported on Thursday after crude futures settled in US trade.Many traders were sceptical at first about the report, noting

What's behind the global stock market selloff?

13-02-2016| Source:Reuters

Global stock markets are on their shakiest footing in years.

UAE oil minister expects market supply to 'stabilise'

13-02-2016| Source:PTI

but to stabilise their output levels," Mazrouei, whose country is a key OPEC producer, told satellite news channel Sky News Arabia.He expected world demand for crude to rise this year by 1.3 million barrels per day

HPCL turns corner in Q3, profit at Rs 1042.3 cr; GRM improves  


Operating profit (earnings before interest, tax, depreciation and amortisation) stood at Rs 2,240 crore in Q3 against EBITDA loss of Rs 58 crore in Q2, aided by lower crude oil prices.

IOC posts Q3 profit at Rs 3057 cr on strong EBITDA performance


fall in crude oil prices.

BPCL Q3 profit jumps 46% to Rs 1489cr, GRM improves to $7.67/bbl


quarter-on-quarter to Rs 2,417 crore due to fall in crude oil prices. Margin expanded 230 basis points to 5.2 percent QoQ.Other income in Q3 plunged 56 percent to Rs 301.05 crore and tax expenses

Buy gold, crude: Himanshu Gupta  

12-02-2016| Source:CNBC-TV18

Watch the interview of Himanshu Gupta, Sr Research Analyst at Karvy Comtrade with Latha Venkatesh & Nigel DSouza on CNBC-TV18, in which he shared his readings and outlook on the commodities market.

Don't buy at one go, but time to start accumulating: Madhu Kela  

12-02-2016| Source:CNBC-TV18

, Madhusudhan Kela, Chief Investment Strategist, Reliance Capital tells CNBC-TV18.And while falling crude prices does help India in a big way, it has a negative impact on global liquidity flow as money is pulled out

US crude jumps 4% from 12-year lows but outlook still bleak

12-02-2016| Source:Reuters

US crude prices bounced away from 12-year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely

Indian stocks eye early rebound despite global weakness


Indian shares are likely to start in the green despite another sell-off in Asian markets, even as a rally in crude prices is likely to lend support to equities.

ONGC Q3 profit tanks 73.4% to Rs 1286 cr on impairment loss  


"The company has provided an amount of Rs 3,994 crore as impairment loss due to fall in crude oil prices in international market during the quarter," the country's largest state-owned oil

Oil falls near 2003 low on supply, weak demand outlook

11-02-2016| Source:CNBC

In a sign that producers are still competing for market share by lowering prices, Iran offered its crude to Asia at a discount to rival OPEC producer Saudi Arabia.

Some stocks look attractive, but global issues persist: Mizuho  

11-02-2016| Source:CNBC-TV18

to China, bottom for crude and supply gut (crude) has not ended yet. So the key questions that we began the year with, which led to the rout in the equity markets, still persist. From that perspective, we

India steel output to grow by 7% in 2016: Platts

11-02-2016| Source:PTI

2015, leaving behind the US as the fourth largest producer," the Ministry has said in a note.According to WSA data, crude steel output in China - the world's largest steel maker -- fell by 2.3 percent

Buy gold, sell crude: Ashish Shah  

11-02-2016| Source:CNBC-TV18

Watch the interview of Ashish Shah of Sushil Finance with Latha Venkatesh and Sonia Shenoy on CNBC-TV18. He spoke about the current trend in commodities markets.

ONGC aims for new drilling contracts in cost-saving drive: Srcs

11-02-2016| Source:Reuters

The state-owned explorer wants to end existing expensive contracts for drilling rigs signed in the 2014-15 fiscal year when crude prices averaged USD85 a barrel and to sign new ones at a lower price.

Highlights: Janet Yellen's Q&A testimony before House committee

11-02-2016| Source:Reuters

The following are highlights of Federal Reserve Chair Janet Yellen's question-and-answer session on Wednesday before the U.S. House Financial Services Committee, where she delivered the central bank's semi-annual monetary policy report to Congress.

Oil prices fall on US storage glut, ongoing economic woes

11-02-2016| Source:Reuters

US West Texas Intermediate (WTI) crude futures were at USD 26.96 per barrel, down 49 cents and within a dollar of the USD 26.19 a barrel 2003 low from January.

Sell gold, silver, crude & copper: Aurobinda P Gayan  

10-02-2016| Source:CNBC-TV18

Watch the interview of Aurobinda Prasad Gayan, Vice President-Research of Kotak Commodities with Anuj Singhal and Ekta Batra on CNBC-TV18. He spoke about the current trend in commodities markets.

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