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Oil Prices

Dec 09, 2016 at 08:14 | Source: Reuters
NYMEX crude for January delivery was up 17 cents at USD 51.01 a barrel by 0039 GMT, after closing up USD 1.07 on Thursday. However, the contract is set for a weekly decline of around 1 percent.
Dec 08, 2016 at 09:58 | Source: Reuters
International Brent crude futures were trading up 4 cents at USD 53.04 a barrel at 0345 GMT after closing the previous session down 93 cents.
Dec 07, 2016 at 17:24 | Source: Moneycontrol.com
The Reserve Bank of India (RBI) on Wednesday retained its March-end retail inflation forecast of 5 percent, but high oil prices and rising interest rates could have push up domestic prices.
Dec 07, 2016 at 16:41 | Source: CNBC-TV18
State Bank of India chief Arundhati Bhattacharya said RBI Governor Urjit Patel-led Monetary Policy Committees status quo on rates was disappointing as the market was expecting a 25 basis point cut. Oil prices and a likely rate hike by the US Federal Reserve would have played a role in MPCs decision-making process, she added.
Dec 07, 2016 at 14:01 | Source: Reuters
OPEC agreed last week to reduce output by around 1.2 million barrels per day beginning in January in a bid to reduce global oversupply and prop up oil prices. It hopes non-OPEC countries will contribute a further 600,000 bpd of cuts to the effort. Russia has said it will reduce output by around 300,000 bpd.
Dec 07, 2016 at 12:58 | Source: Reuters
OPEC agreed last week to reduce output by around 1.2 million barrels per day beginning in January in a bid to reduce global oversupply and prop up oil prices.
Dec 07, 2016 at 12:55 | Source: Reuters
Refining was a lifeline for energy companies when oil prices started falling sharply in the second-half of 2014. Cheap crude spurred record demand growth for motor fuels, which refineries worldwide scrambled to produce.
Dec 06, 2016 at 20:42 | Source: PTI
India is "watching" global oil markets after oil cartel OPEC decision to cut production for the first time since 2008 led to a surge in oil prices, Petroleum Minister Dharmendra Pradhan said today.
Dec 06, 2016 at 15:54 | Source: PTI
A Crisil report said the price of petrol may rise 5-8 percent and that of diesel by 6-8 percent over the next 3-4 months following the production cut and the resultant spike in crude prices.
Dec 06, 2016 at 15:35 | Source: Reuters
International Brent crude oil futures were trading at USD 54.64 per barrel at 0935 GMT, down 30 cents from Monday's close. US West Texas Intermediate crude was at USD 51.39 a barrel, down 40 cents.
Messages on Oil Prices »

deepakhp7

New Member

4 Followers

SpiceJet  

But the EIA is much less bullish. That is because of the expected rebound in shale production. The U.S. shale industry has succeeded in lowering the cost of drilling, as rock bottom oil prices forced efficiencies throughout the supply chain over the past two years. Even at today%u2019s prices

about 4 hrs 28 min 8 sec ago

updalvi

New Member

0 Follower

Black Rose Ind  

this company manufactures acrylamide synthetic under technical licence from japanese co and lt is used in shell oil / gas cracking process in some way. now that oil prices are set to rise in near future export will resume and company may perform better . lets hope for the best.

about 4 hrs 43 min 52 sec ago

gajodharbab
u

New Member

6 Followers

SpiceJet  

yes...base effect will come into play this quarter...oil prices are higher this time...so, one can expect a drop in profits

about 7 hrs 14 min 31 sec ago

yasinrelay

New Member

0 Follower

Jet Airways  

crude oil price rising jet will go down. this stock mostly follows crude oil pattern if price rise stock gets beaten and if oil price dips it rises.try it you will make lot of money. yesterday crude dipped jet rised and now crude rising again if rised to some good rise levels surely jet

4.59 PM Dec 8th

MMayankmatr
u

New Member

493 Followers

SpiceJet  

the more immediate issue is the effect of plummeting oil prices on the saudi economy. growth is set to slow to 1.4 percent this year, the worst pace since 2009, according to a bloomberg survey. the government decided to freeze public-sector bonuses for a year and slash allowances for a year to save

4.07 PM Dec 8th

Wire News

Platinum Member

673 Followers

News Now  

Global airlines industry is projected to see a "record profit" of USD 35.6 billion this year, but the earnings are expected to be lower at USD 29.8 billion in 2017 as conditions become difficult with higher oil prices, IATA said today.

3.42 PM Dec 8th

Avinash.24

Gold Member

70 Followers

SpiceJet  

profit of 449 fyi 2016 when fuel cost was 1391 cr. Rest all 7 years it showed loss only. unless SJ shows consistent performance, no point in getting so much bullish when crude oil price is increasing.

12.24 PM Dec 8th

vinci270174

Gold Member

148 Followers

SpiceJet  

Hehe...And only you and your friends believe that oil prices will go to 60 and Spicejet will make a loss in Q2....

11.09 AM Dec 8th

bullish_cha
rt2014

New Member

541 Followers

Ramcoind  

take a snap shots to dolphin offshor recently opac had cut oil output 1.8 million barrels per day. oil prices inching 60 dollar per barrel when oil was 40 dolphin was delivering positive results now oil prices going high right now eps is 15 pe just 5 debt free company low valuation stock trading

10.33 AM Dec 8th

hande

Gold Member

10 Followers

Other Market Topics  

It is already touched 55 us$ per barrel. No doubt oil prices will spike with OPEC`s decision to cut oil production. It is not a welcome news for us. Only hope is on Russia`s unwillingness to join the output cut . Another hope is Saudi Arabia and Iran may not go together with any agreement.

10.29 AM Dec 8th

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