Crude Price

Indian Oil, HPCL, BPCL stocks rebound after Tuesday’s fall, rise 1-2 percent as crude stays below $63/barrel

The recovery in Indian OMCs share prices tracked the continued softness in crude. Brent crude settled 1.4 percent lower on Tuesday, and saw only mild, technical gains on Wednesday.

Live: Israel Strikes Iran | Crude Soars, Hormuz Threat Looms; Impact on oil, gold, Indian markets

As Israel launches major strikes on Iran, global markets react sharply. Crude oil has soared 13%, raising fears of a potential shutdown of the Strait of Hormuz. Experts now warn that oil could spike to $120 per barrel. Gold prices are also climbing amid a global safe-haven rush.

Stocks that should be on your radar as Israel-Iran conflict heats up

As the tyre industry uses crude oil derivatives for manufacturing synthetic rubber, tyre stocks will remain in focus as a rise in crude price will hit their margins.

This is a short-term correction, don’t sell in panic, say market experts

The current market texture is weak but oversold, according to analysts, who are advising investors to avoid both panic selling or fresh buying at the moment.

OMC, paint stocks in focus as crude rises to 4-month high

Motilal Oswal expects a negative stock price reaction for OMCs in the near term, given the retail price cut and recent elevated Brent prices

Oil prices settle higher on Middle East tensions

Crude rebounded from losses on Thursday triggered by hefty increases in U.S. gasoline and distillate stocks, and both benchmarks ended the first week of the year higher.

Crude prices to stay above $90 a barrel on production cuts from Saudi, Russia: Experts

Oil prices in the near term are overbought on the charts but the momentum is on the higher side, say market experts. They believe that if China's demand comes back strong then the crude could spike to $100, but not stay there as India and the US are headed to elections soon

RIL may record 17% growth in Q4 operating profit, single-digit rise in topline, bottomline

Analysts will watch out for more clarity on the Rs 75,000-crore investment in the new energy business, growth in retail store additions and pricing in the telecom business

Crude oil at $110 a barrel? Goldman’s forecast could be a challenge for India’s economy

India is a major importer of crude oil and a weaker rupee has added to worries the over a higher Current Account Deficit (CAD).

Tyre firms’ profits hit the skids on surging input costs

Crude and crude derivatives along with rubber account for about two-thirds of the cost of making tyres. And these inputs costs spiralled by nearly 30 per cent yoy during Q4FY2022

Crude shoots higher on U.S. Russian oil ban, Asian shares stabilise

Risking even higher U.S. fuel prices, President Joe Biden on March 8 imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of Ukraine

Oil price crash can be a blessing in disguise for India

The current slump in global crude price is an opportunity for India’s ambitious Indian Strategic Petroleum Reserves programme. India may leverage the depressed prices to fill in its strategic crude oil reserves

Crude crash — don’t let the advantage slip away

Government must leverage oil price tumble to tank up storage facilities and lock in futures purchase prices

Rupee to be in Rs 70-72/USD range: Poll; 7 factors that could drive currency in 2019

As many as 47 percent of the poll respondents feel that the currency is likely to hover in the range of Rs 70-72 against the USD, while 27 percent of them feel that the currency could depreciate towards Rs 72-74/USD in 2019.

Paint companies may witness high single-digit growth in Q4

Following continued recovery in volumes post-note-ban, decorative paints segment is likely to witness high single-digit growth in all regions, except in the South in the March quarter, says a report.

Indices may start weak ahead of RBI policy; oil weakness weighs

The S&P 500 ended just above breakeven, with energy stocks falling more than 1 percent to lead the decliners. The Nasdaq Composite reached a new all-time intraday and closing highs.

China's 2-week shutdown will help Indian cos: Aarti Ind

China has ordered 255 Shanghai industrial facilities to shut for G20 and Rajendra Gogri, CMD of Aarti Industries maintained that the move will help many Indian companies.

Tech & time not on OPEC's side; shale free of politics: Gheit

With shale being the game-changer, crude price war will continue and OPEC members will keep fighting for life because of the change in the energy world, says Fadel Gheit, senior oil and gas analyst at Oppenheimer & Co. Two other experts also weighed in.