Dec 19, 2014 at 07:58 | Source: Reuters
Brent had ended Thursday $1.37 lighter at $59.81 a barrel, while U.S. crude was hovering around $54.88 after losing more than $2
Dec 18, 2014 at 22:00 | Source: PTI
As per ICRA's estimates, the subsidy burden on PSU upstream companies is expected to decrease to Rs 28,000-34,000 crore by FY16 as the overall GURs are projected to decline to Rs 56,000 crore during the year at crude oil price of USD 70 per barrel considering Rs 63 a dollar.
Dec 16, 2014 at 16:39 | Source: Moneycontrol.com
Investors were also hurriedly buying shares of Jet Airways on hopes of lower aviation turbine fuel (ATF) price as Brent crude oil prices fell over USD 1 per barrel and below USD 60 for the first time since July 2009.
Dec 16, 2014 at 16:18 | Source: CNBC-TV18
According to Jahangir Aziz, chief economist, JPMorgan low crude prices would be a massive positive for Indian current account deficit, even if it were to trade at USD 80/barrel.
Dec 16, 2014 at 15:20 | Source: Moneycontrol.com
Low crude prices will help oil marketing companies reduce underrecoveries on sale of subsidised kerosene and LPG gas. These companies have already been earning income on petrol and diesel as Brent crude fell nearly 48 percent from June when the price was USD 115 a barrel.
Dec 16, 2014 at 14:00 | Source: Reuters
Brent crude oil prices fell over USD 1 per barrel and below USD 60 for the first time since July 2009 in early European trading on Tuesday as Chinese factory activity slowed and stumbling emerging market currencies dented demand expectations.
Dec 16, 2014 at 08:22 | Source: CNBC-TV18
The OMCs have not passed on the entire benefit to consumers as they are retaining the cushion to make up for losses which have been made on crude inventories as these companies had also purchased crude when prices were much higher- almost over USD 100 per barrel.
Dec 16, 2014 at 08:03 | Source: CNBC
US crude futures were trading on Tuesday below USD 56 a barrel and near a 5-year low hit in the prior session, dropping for a fifth session after the UAE oil minister said there was no need for an emergency OPEC meeting to support prices.
Dec 15, 2014 at 15:01 | Source: CNBC-TV18
According to Nick Parsons of National Australia Bank crude prices are likely to stabilise around the current levels of USD 62 per barrel for the next few months.
Dec 15, 2014 at 12:12 | Source: Reuters
Brent for January delivery LCOc1 was at USD 62.05 a barrel at 0425 GMT (11:25 p.m. EST), up 20 cents from its Friday's settlement but 90 cents below the intra-day high of USD 62.95 a barrel.