. The dues to Iran on crude oil that refiners buy have accumulated as western sanctions blocked payment routes since 2013. Since February 2013, refiners like MRPL and Essar Oil have been paying 45 per cent
of volatility and decline for more than a year now, with benchmark Brent crude falling from a peak price of USD 114 a barrel in June 2014 to trade around USD 50 a barrel this week.Vandana Hari, Asia Editorial
Watch the interview of Kunal Shah of Nirmal Bang Commodities and Kishore Narne of Motilal Oswal Commodity Broker with Ekta Batra and Anuj Singhal on CNBC-TV18. They spoke about the current trend in commodities markets.
linked to crude price is seen to be aiding margins expansion. Analysts polled by CNBC-TV18 feel gross margins may expand 300-350 basis points due to fall in commodities. EBITDA margins are liekly to expand
it reported a year ago. The significant fall in crude prices, an input for the low-cost carrier, will aid numbers, he explains.The company beat market leader IndiGo and all other airlines with a passenger load
Watch the interview of T Gnanasekar of CommTrendz Research & Fund Management and Ravindra Rao of Anand Rathi Commodities with Anuj Singhal and Ekta Batra on CNBC-TV18. They spoke about the current trend in commodities markets.
Intermediate (WTI) crude futures CLc1 were trading at USD 49.79 per barrel at 0008 GMT, up 16 cents from their last settlement. Internationally traded Brent futures LCOc1 were up 11 cents at USD 52.76 a barrel
earnings, macroeconomic data, trend in global markets, movement of the rupee against the dollar and crude oil price will decide the trend on the bourses this week," said Vijay Singhania, Founder Director