Oil prices up 4.5% after falling 8% last week. No supply impacted yet due to Israel-Hamas conflict. Catch Manisha Gupta in conversation with Peter McGuire, CEO—XM Australia as they talk crude only on Commodity Corner.
Crude oil prices fell sharply by over $5 a barrel overnight and hit the $86-a-barrel mark on October 5 as macroeconomic headwinds led to demand concerns. The fall in prices came despite announcements by Saudi Arabia and Russia to continue output cuts till December. Catch Manisha Gupta in an exclusive conversation with Pritam Patnaik only on Moneycontrol.
Brent crude oil prices have continued their upward surge, reaching $97 per barrel on September 28. This represents a 3 percent increase overnight and a significant 30 percent rise throughout the third quarter of this year. If this trend continues, it could make the current quarter the most profitable for crude oil prices since early 2022, according to experts. Several factors have contributed to this price rally, including a substantial reduction in US crude oil stocks, which have fallen well below the critical threshold of 22 million barrels. Additionally, geopolitical actions such as Saudi Arabia's production cuts and Russia's export restrictions have heightened concerns about tight global oil supplies. Join Manisha Gupta as she discusses these developments with Ajay Kedia of Kedia Commodities.
Oil prices rose in early trade on Wednesday, hovering near 10-month highs hit the previous day, as a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output reinforced fears of tight crude supply for the rest of 2023. Catch Manisha Gupta in conversation with Dharmesh Bhatia - Emirates NBD, Dubai to know more
The world’s largest annual gross crude oil importer and the key driver of broader commodities super-cycle, China’s ongoing attempts to resuscitate its economic growth will play a key role in formulating oil pricing. There is also expectations of an extension in supply cuts by two leading OPEC+ members — Saudi Arabia and Russia. How will this play out in the commodity market? Manisha Gupta speaks with Dinesh Somani, Founder of ProIntellitrade Services.
Crude snaps 7 weeks of gains. There are concerns of further hike in US rates. US gas prices closed at 2% lower than last week. Watch Commodities Corner with Manisha Gupta to know more.
After 5 months of price loss, the crude prices increased by 1% in April. The rate hike is expected from US Fed, ECB this week. Catch Manisha Gupta live on Commodities Corner.
Catch all the market highs and lows with Yatin Mota on Moneycontrol.
Crude sees a fall of 11% since the last three trading sessions. A crisis in the banking sector could trigger a cut in demand. Catch commodities live with Manisha Gupta
Crude oil is headed for 4.5% decline this week. Catch the latest on Commodities with Karunya Rao & Manisha Gupta.
Crude oil prices surge 3% overnight. What explains this surge? Watch Karunya Rao and Manisha Gupta decode this for you
Oil prices edge up as OPEC+ agrees to stick to its existing policy of reducing production ahead of sanctions on Russia and a price cap kicking in on Russian crude by G7 nations. The G7 agreed to impose a price cap of $60/barrel - and this will also be enforced by the EU & Australia. Peter McGuire, the CEO of XM Australia speaks to Moneycontrol about what the impact of this will be ahead. Watch!
Oil prices rose in early Asian trade as concerns over tight supplies grew. Watch Karunya Rao and Manisha Gupta decode this and more!
Crude oil futures traded higher on global exchanges as OPEC+ announced an output cut. The decision, led by Saudi Arabia and Russia, sent the price of Brent crude up highest since September 15. Watch Karunya Rao and Manisha Gupta decode what the output cut could mean for you.
Commodities live
OPEC+ is due to meet today against a backdrop of expected demand declines, though top producer Saudi Arabia says supply remains tight. Find out what to expect from the meeting with Karunya Rao and Vandana Hari, founder of Vanda Insights.
Government has increased windfall profit tax on the export of diesel and jet fuel. Will there be an impact on fuel prices? Will OMC stocks be impacted by volatility in oil prices? Karunya Rao catches up with Nitin Sharma of Moneycontrol to take stock of the recent decision.
Crude oil drops below $100 per barrel for the first time in three months. What triggered the decline? Karunya Rao and Manisha Gupta answer the question.
The CCEA, led by Prime Minister Narendra Modi, is expected to take up the proposal to ease the regulation for domestically produced oil. If accepted, it will allow crude oil producing companies to sell crude oil in the open market
According to Angel Commodities, Oil prices are expected to trade sideways to higher on the MCX in today’s session.
Construction on the 1,200-mile (1,930-kilometer) pipeline began last year when former President Donald Trump revived the long-delayed project after it had stalled under the Obama administration.
But many investors are not sure such deal making will be enough to protect the industry from a sharp decline
According to Angel Commodities, On the MCX, oil prices are expected to trade lower today.
According to Angel Commodities, we expect oil prices to trade lower today, international markets are trading lower by 0.82 percent at $52.92 per barrel.