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Jayant Manglik, Head Commodities at Religare Commodities told CNBC-TV18 that with cold weather in US Midwest and storm warnings in Great Lake Region the demand for crude is going to be high.
Citigroup Reseach is bullish on Cairn India and has recommended buy rating on the stock with a target of Rs 262. Research firm expects the stock to continue to re-rate gradually if crude stays at USD
Ashok Mittal, VP at Karvy Comtrade told CNBC-TV18 that he is quite bullish on the crude oil and feels that one should use this opportunity to buy. So it is advisable to buy maybe on the current
Kishore Narne of Anand Rathi Commodities told CNBC-TV18 that despite the expected global slowdown, the consumption of the crude oil will continue to be on the rise. On gold, Narne hopes to see a bit
Crude oil rose more than two dollars per barrel. Crude rebounds after a US government report showed that consumer spending gained the most in more than two years, signaling economic growth
Suzlon, Asia leading and worlds fifth largest wind power solutions company*, has received a major new order from ONGC, Indias leading Oil & Gas Exploration & Production (E&P) player and a
Crude prices rose when supplies dropped more than expected. The energy department reported that crude oil stockpiles fell 7.59 million barrels to 296.9 million barrels last week, the lowest since
Crude prices fell for a second day due to concerns that an economic slowdown would lower demand, as strengthening inflation in the US may curb any further interest rate cuts, reports CNBC-TV18. Oil
Avinash Raheja, Sr Vice President at Commtrendz Risk Management Services said the backwardation seen in crude had almost vanished now, which was not all that supportive to a bull market. He expected
at selling crude oil on an up tick and book some profits when it comes down by USD 2.
OPEC producers agreed to keep oil supplies unchanged, rebuffing calls for more crude to bring prices down from nearly USD 90 a barrel. The Organization of Petroleum Exporting Countries also agreed
It is the crude we are watching quite intently today, it is quite choppy as the OPEC meeting is underway. There are some initial statements also coming into the markets right now though the final
Montek Singh Ahluvalia, Dy Chairman of the Planning Commission has said that the fuel price hike pass-through will not stoke inflation. The impact of rising crude oil prices should be passed on. He
Crude prices surrendered all its gains and stabilised around the USD 91 mark after Enbridge reopened three out of four pipelines closed after an explosion cut shipments of Canadian oil to US refiners.
Enbridge, Canada's largest pipeline company, closed several pipelines near its Clearbrook, Minnesota, terminal after a blast yesterday killed two workers. Oil prices may rise further if the accident
29-11-2007| Source:Business Line
increase in crude oil prices.
Essar Oil to expand refinery capacity to 34million tonnes per annum at a cost of approx. US$ 6 billion. The refinery is supported by dedicated infrastructure that includes utilities
Crude prices soared on the back of continued weakness in the dollar. Analysts feel that this is making oil more attractive in other countries and may encourage a fresh cycle of speculative buying.
Crude prices traded above USD 94 on speculation that the sliding US dollar will support prices and encourage investors to hold physical assets. The dollar's 10% decline this year has cut the buying
Commenting on the run up in the oil sector Jigar Shah of KR Choksey Securities said factors like the short supply of crude and refining capacities is leading to this rally and enjoy high margins.