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OPEC decision unlikely to bring much relief to India for now

22-06-2018| Source:Moneycontrol.com

Brent crude prices rose 2.56% to nearly $75 a barrel soon after OPEC's announcement, which indicates that the market had discounted a 1 mbpd raise in output and had expected more.

Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

22-06-2018| Source:PTI

As per the April agreement, Aramco is to supply half of the crude oil required for processing at the refinery that will be commissioned by 2025. ADNOC will now supply some of the crudes

Oil prices rise as OPEC meets

22-06-2018| Source:Reuters

Oil prices rose more than 1 percent on Friday as OPEC tried to agree a deal to increase output to compensate for losses in production at a time of rising global demand.Benchmark Brent crude was up $1

Rupee to hit 70/dollar by H1 CY19 on rising trade deficit and political uncertainty

22-06-2018| Source:Moneycontrol.com

Higher crude oil price, however, does not necessarily imply a weaker INR unless it is accompanied by capital outflows (or weaker BoP).

Oil prices climb on uncertainty over possible rise in OPEC output

22-06-2018| Source:Reuters

The market has since tightened significantly, pushing up crude prices and triggering calls by consumers to increase supplies.

Crude oil production drops 3% in May

21-06-2018| Source:PTI

ONGC produced 1.84 million tonnes of crude oil in May as compared to 1.93 million tonnes in the same period last year, an official statement said here.

Sensex closes lower by 115 pts amid trade war fears; all eyes on OPEC meeting

21-06-2018| Source:Moneycontrol.com

Oil marketing companies HPCL, BPCL and IOC gained 2-3 percent on sharp correction in Brent crude futures.

Global cues, RIL, banks lift Sensex 261 pts amid rising trade war fears; InterGlobe dips  

20-06-2018| Source:Moneycontrol.com

Oil retailers IOC, HPCL and BPCL were down 0.7-2 percent on rising crude prices in the international markets.

Oil falls as flaring US-China trade dispute blunts risk appetite

19-06-2018| Source:Reuters

The crude price was also dented by expectations that producer group OPEC and partner Russia will gradually increase output in order to make up for involuntary losses in Venezuela and potential

India to press for responsible crude pricing at OPEC meet: Dharmendra Pradhan

18-06-2018| Source:PTI

"There will be an OPEC conference in Vienna on June 22...Whenever we have met OPEC members, we have told them that crude oil prices should be controlled, reasonable, responsible and should meet

Crude Oil prices to trade sideways to higher: Angel Commodities

18-06-2018| Source:Moneycontrol.com

Angel Commodities' report on Crude OilMCX CPO closed lower on Friday due to cut in tariff values of all the edible oils. The base import price of crude palm oil and RBD palmolein was cut by $1 4 each

Oil retailers, aviation stocks rally up to 6% after Brent crude prices fall below $73/bbl

18-06-2018| Source:Moneycontrol.com

Moneycontrol NewsAviation and oil marketing companies' share prices gained between 2.5 percent and 6 percent after sharp fall in crude oil prices in the international markets.State-run oil retailers

Excise duty cut in oil to impact fiscal deficit badly: Moody's

17-06-2018| Source:PTI

Pressure has been mounting on the government to cut excise duty on petrol and diesel to bring down their prices which have gone up following a spike in crude prices in the international market.

Economic cues to watch out for this week; these 3 stocks may return up to 44%

17-06-2018| Source:Moneycontrol.com

Sumit Bilgaiyan of Equity99 said the key factors such as rupee's movements against the US dollar and fluctuations in crude oil prices as well as developments on monsoon's progress

Oil falls as focus moves to prospect of higher supply

15-06-2018| Source:Reuters

Benchmark Brent crude oil fell by $1.07 a barrel to a low of $74.87 before recovering to $75.12, down 82 cents, by 1328 GMT. US light crude was 360 cents lower at $66.53.

India's exports hit six-month high of $28.86 billion in May

15-06-2018| Source:PTI

Oil imports were up 49.46 percent to USD 11.5 billion on back of surge in international crude prices.

Are Indian markets prepared to deal with increasing global stress to the economy?

15-06-2018| Source:Moneycontrol.com

Rising crude oil prices, a worsening current account deficit, and a slowdown in foreign investment inflows threaten to upend economic recovery.

Soybean prices to trade sideways to higher: Angel Commodities

15-06-2018| Source:Moneycontrol.com

According to Angel Commodities, NCDEX Jul Soybean jumps more than 1% on Thursday on anticipation of higher domestic crushing of soybean after government increase customs duty on crude as well

China daily steel output hits record in May on bumper margins

14-06-2018| Source:Reuters

The world's biggest steel maker produced 81.13 million tonnes of crude steel last month, up 5.8 percent from the previous month and 8.9 percent from the same month last year, according

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