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Concessions to encourage crude import for strategic reserves

01-02-2016| Source:PTI

In a bid to capture 12-year low oil prices, the government today exempted crude oil imported for storage in strategic reserves from payment of interest on unpaid customs duty. India is building three

IOC aims to start crude unit at Paradip by Wednesday: Sources

01-02-2016| Source:Reuters

IOC, the country's biggest refiner, had shut the crude unit after a fire broke out at a vacuum distillation unit (VDU) on Saturday evening.

Sell gold, buy crude: T Gnanasekar  

01-02-2016| Source:CNBC-TV18

Watch the interview of T Gnanasekar of CommTrendz Research & Fund Management with Reema Tendulkar and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.

FPI outflow hits 5-month high of Rs 11,000 cr in Jan

01-02-2016| Source:PTI

unpredictability, although they continue to remain among the most important drivers of Indian stock markets. Market experts attributed the outflow to several negative factors such as crude oil price slipping below

Oil falls as Asia economies slow

01-02-2016| Source:Reuters

Front-month Brent crude was trading at USD 35.54 per barrel at 0157 GMT, down 45 cents, or 1.25 percent, from the last close. US West Texas Intermediate was down 35 cents at USD 33.27 a barrel.

Saudi Arabia struggles to cope with cheap oil

01-02-2016| Source:CNBC

The global rout of oil prices is taking its toll on the kingdom's bottom line. The country has been forced to cut government spending in its upcoming budget and increase production of crude oileven

Oil to average just over $40 in 2016: Poll

30-01-2016| Source:Reuters

The survey of 29 economists and analysts forecast benchmark North Sea Brent crude will average USD 42.5 a barrel, down USD 10 from last month's poll.

Low oil positive trigger for market; like banks: Edelweiss  

30-01-2016| Source:CNBC-TV18

Vinay Khattar of Edelweiss Financial Services says whether the market rally sustains or not, one positive market trigger could be the crude prices, if it remains at around same level.

Why have Indian consumers not benefited from cheap crude oil ?

29-01-2016| Source:Moneycontrol.com

Crude oil prices have slumped from US$110/barrel in Feb 2014 to a 12 year low of nearly US$28/barrel today a fall of nearly 75%. Compared to this, the price of retail petrol price

Good Q3 nos on better mgmt, inventory control: Tide Water Oil  

29-01-2016| Source:CNBC-TV18

Kallol Datta, chairman of Tide Water Oil, believes the company can sustain margins at 13.5 percent, going ahead. Though a lot depends on crude price, he adds.

Sell gold, buy crude & copper: Kunal Shah  

29-01-2016| Source:CNBC-TV18

Watch the interview of Kunal Shah of Nirmal Bang Commodities with Sonia Shenoy and Ekta Batra on CNBC-TV18. He spoke about the current trend in commodities markets.

Sell gold, buy crude: Ashish Shah  

29-01-2016| Source:CNBC-TV18

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

Oil extends rise on hopes of supply cuts to tackle glut

29-01-2016| Source:Reuters

Global benchmark Brent crude futures extended gains on Friday to put them on track for a weekly rise of over 6 percent, boosted by hopes of a deal among oil-producing countries to tackle a growing

Nifty may open flat with negative bias on weak nos, global cues

29-01-2016| Source:Moneycontrol.com

prices. The crude prices gained on speculation that major producers may cooperate to cut production. Brent crude trades above 34 dollars per barrel. Back home, ICICI Bank's asset quality worsened

Asia stocks cautious as oil bounces, BOJ awaited

29-01-2016| Source:Reuters

and a senior Gulf OPEC delegate suggested that major oil producers may pare production.It remained unclear whether a rumored deal to cut output by up to 5 percent would be struck anytime soon.US crude

Brent hits $35 as Russia says Saudis will cut output  

28-01-2016| Source:CNBC

Brent crude hit USD 35 per barrel on Thursday following after Russian Energy Minister Alexander Novak said Saudi Arabia had proposed to cut oil production by up to 5 percent by each country in order

Boost to Indian economy from falling oil prices 'fading': DBS

28-01-2016| Source:PTI

The benefits to the Indian economy from fall in crude oil prices will be "limited" this year and domestic reforms and developments will gain focus, a report said. "Low crude prices

Govt may re-impose customs duty on crude oil imports

28-01-2016| Source:PTI

The government had cut customs duty on crude oil imports to zero from 5 percent in June 2011 when rates zoomed to over USD 100 per barrel. But with oil prices hovering at USD 30 a barrel now

Buy crude, sell gold: Ravindra Rao  

28-01-2016| Source:CNBC-TV18

Watch the interview of Ravindra Rao of Anand Rathi Commodities with Ekta Batra and Latha Venkatesh on CNBC-TV18. He spoke about the current trend in commodities markets.

Oil down in Asia on US stockpiles jump

28-01-2016| Source:PTI

Oil prices tumbled in Asia today after US commercial crude stockpiles climbed to a record level, further stoking worries about a global oversupply of the commodity. Prices had closed higher over

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