News from other websites on Crude
Export-parity pricing disastrous for refiners
May 23, 2013 at 10:36 | Source: DNA India
The three crude oil refining and marketing companies might see their gross refining margins (GRMs), which determine their profitability, getting completely wiped off if export-parity pricing (EPP) is implemented for calculating subsidy. GRM is the d...
Bernanke’s comments will add to gold’s woes
May 23, 2013 at 10:12 | Source: The Hindu BusinessLine
Chennai, May 23: Gold is set to head south on spot and futures market on Thursday after the US Federal Reserve Chairman Ben Bernanke signalled an end to pumping money to buy bonds. This effectively means the stimulus programme to get the US economy ...
Parikh view to guide fuel subsidy formula
May 23, 2013 at 06:12 | Source: Calcutta Telegraph News
New Delhi, May 22: The government will seek the views of the Kirit Parikh panel before deciding the formula for subsidy to state-owned oil firms. A truce was called between the oil and finance ministries today at a meeting chaired by Prime Minister ...
Oil under $95 on hefty U.S. supply, QE musings
May 23, 2013 at 06:12 | Source: Market Watch
SAN FRANCISCO (MarketWatch) — Crude-oil futures fell Wednesday to settle well below $95 a barrel as a U.S. government report showing a modest weekly decline in crude inventories failed to ease concerns over ample supplies. Hints from Federal Reser...
Gold slips on speculation will Fed cut stimulus
May 23, 2013 at 04:51 | Source: Economic Times
NEW YORK: Gold prices sank Wednesday as traders weighed the possibility that the Federal Reserve will start paring back its support for the economy in the coming months. Gold for June delivery fell $10.20 to settle at $1,367.40 an ounce, a drop of 0...
Finance Ministry agrees to Rs 1 lakh cr diesel, LPG subsidy for FY'13
May 23, 2013 at 04:51 | Source: Economic Times
NEW DELHI: Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012-13 but wants pricing formula to be changed from current year to cut down the outgo. Finance Ministry, which had previously ...
U.S. stocks, oil fall after Bernanke; dollar gains
May 23, 2013 at 03:30 | Source: FirstPost
NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors had hoped for of the likely continuation of the U.S. central bank's bon...
Oil falls as Fed minutes send U.S. equities down
May 23, 2013 at 02:15 | Source: FirstPost
NEW YORK (Reuters) - Brent crude extended losses in late trading on Wednesday to settle below $103 a barrel, after minutes from the Federal Reserve sent U.S. stock markets down and compounded earlier oil weakness stemming from a rise in U.S. gasoline...
Bernanke spurs stock volatility, dollar gains
May 23, 2013 at 00:15 | Source: FirstPost
NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the Fed considers cutting back...
ONGC videsh net profit up 44% to Rs 3,929 cr
May 22, 2013 at 23:32 | Source: Financial Express
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, today reported an over 44 per cent jump in net profit for 2012-13 fiscal on the back of higher gas production. Net profit in 2012-13 at Rs 3,929 crore was 44.4 per cent highe...
Festivals, marriage season seen heating up edible oils
May 22, 2013 at 23:32 | Source: The Hindu BusinessLine
Mumbai, May 22: Imported palmolein and soyabean refined oil increased by Rs 2 for 10 kg each while rapeseed/mustard oil gained Rs 3 tracking firm Malaysian palm oil futures. Volumes in other oils remained subdued due to slack month-end demand. Groun...
Bernanke comments spur volatility, but stocks, dollar gain
May 22, 2013 at 23:30 | Source: FirstPost
NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the bank considers cutting bac...
May 22, 2013 at 20:52 | Source: Market Watch
Gold has been getting hammered the last week or two, pushing below $1,400 and threatening to retest the low mark of $1,322 set intraday in mid-April. But since gold bounced big off that low — about 12% in just several trading days — some swing t...
FM to dole out Rs 1 lakh cr in oil subsidy, but wants change in pricing formula
May 22, 2013 at 20:10 | Source: FirstPost
New Delhi: The Finance Ministry today agreed to dole out a record Rs 100,000 crore towards diesel and cooking fuel subsidy in 2012-13 but wants pricing formula to be changed from current year to cut down the outgo.Finance Ministry, which had previous...
ONGC's $5-bn bid for stake in Kashagan oilfield hangs in balance
May 22, 2013 at 18:57 | Source: DomainB
India's state-owned Oil and Natural Gas Corporation (ONGC) will have to wait until 2 July to find out the fate of its proposed $5 -billion acquisition of ConocoPhillips 8.4-per cent stake in the giant Kashagan oilfield. Kazakhstan's minister of oil ...
Government slashes tariff value for gold imports further to $440 per 10 gm
May 22, 2013 at 18:57 | Source: DomainB
The government today further slashed the tariff value for import of gold to $440 per 10 grams from $466 per 10 grams last week amidst a continued decline in international prices of the commodity. It, however, kept the tariff value of silver unchange...
BSE Sensex closes weak; investors shun realty, cap goods
May 22, 2013 at 18:57 | Source: DomainB
Benchmark indices drifted lower Wednesday, as buyers chose to await cues from the US Federal Reserve before deciding on the next course of action. Renewed weakness in the rupee and tepid fourth quarter earnings from engineering major Larsen Toubro w...
OVL net up 44% at Rs 3,929 cr on higher gas output
May 22, 2013 at 15:37 | Source: The Hindu BusinessLine
New Delhi, May 22: ONGC Videsh Ltd, the overseas arm of State-owned Oil and Natural Gas Corp, today reported an over 44 per cent jump in net profit for 2012-13 fiscal on the back of higher gas production. Net profit in 2012-13 at Rs 3,929 crore was ...
ONGC Videsh Ltd net up 44 pc to Rs 3,929 cr
May 22, 2013 at 14:25 | Source: Business Today
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, on Wednesday reported an over 44 per cent jump in net profit for 2012-13 fiscal on the back of higher gas production.Net profit in 2012-13 at Rs 3,929 crore was 44.4 per cent...
Oil futures fall as inventories unexpectedly rise
May 22, 2013 at 11:57 | Source: Market Watch
LOS ANGELES (MarketWatch) — U.S. crude-oil futures fell Wednesday in electronic trade following an unexpected rise in weekly oil inventories, setting investors up to look for signs about future energy demand during congressional testimony by U.S. ...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
