Crude Oil

Saudi Aramco To Supply Extra Crude To Indian Oil From July

Business | Thomson Reuters | Friday May 17, 2019

IOC, which was the biggest Indian buyer of Iranian oil in 2018/19, has not signed an annual contract to buy oil from Iran this fiscal year.

After Drone Attack, Saudi Arabia Stops Pumping At Major Oil Pipeline

World News | Agence France-Presse | Tuesday May 14, 2019

OPEC kingpin Saudi Arabia said it had stopped pumping crude oil along a major pipeline Tuesday following a drone attack, hours after Yemen's Huthi rebels said they had targeted vital Saudi installations.

Rupee Plummets To Over 2-Month Low Against Dollar: 10 Points

Business | NDTV Profit Team | Monday May 13, 2019

The rupee on Monday fell sharply by 59 paise to close at nearly two-and-a-half-month-low of 70.51 against the US dollar, reported news agency Press Trust of India (PTI). The fall came due to persistent foreign fund outflows from Indian markets and renewed worries over rising crude oil prices. The domestic currency opened sharply lower at 70.16 and ...

India's Crude Import Will Increase, Says Moody's

Business | Indo-Asian News Service | Monday May 13, 2019

The government's push towards electric vehicles to reduce dependence on imported oil was also not seen to bearing fruit in the near term

India Monitoring Costs Of Importing Non-Iranian Oil: Report

Business | Indo-Asian News Service | Wednesday May 8, 2019

Oil imports from Iran in the past fiscal ended March amounted to about $9 billion, as per industry figures.

India's Oil Imports From Iran Down 57% In April

Business | Thomson Reuters | Tuesday May 7, 2019

India, Iran's top oil client after China, shipped in about 277,600 barrels per day (bpd) of oil from Tehran in April

Rupee Ends Higher At 69.56 Against Dollar: 5 Things To Know

Business | NDTV Profit Team | Tuesday April 30, 2019

The rupee appreciated for the second straight session on Tuesday to close higher by 46 paise at 69.56 against the US dollar, reported news agency Press Trust of India (PTI). The gain came as crude oil prices retreated from six-month high levels and the greenback weakened against global rivals. At the forex market, the domestic unit opened at 69.83 ...

Iran to Keep Exporting Crude Oil Despite US Pressure: President

World News | Reuters | Tuesday April 30, 2019

Iran will continue to export oil despite U.S. pressure aimed at reducing the nation's crude oil shipments to zero, Iran President Hassan Rouhani said in a speech broadcast live on Iranian state TV on Tuesday.

Crude Oil, Marco Data, Corporate Earnings To Impact Equity Indices: Experts

Business | Indo-Asian News Service | Sunday April 28, 2019

Additionally, investors will look out for upcoming macro-economic data points such as the eight core industries' (ECI) output, the country's fiscal deficit numbers and PMI manufacturing figures which will be released during the week starting April 29.

Petrol Prices Hiked Across Metros, Check Fuel Rates Here

Business | NDTV Profit Team | Saturday April 27, 2019

The petrol and diesel prices are determined broadly by international crude oil prices and the rupee-dollar foreign exchange (forex) rate.

A Huge Challenge For Whoever Wins India Election Will Be Fuel Prices

Business | Thomson Reuters | Friday April 26, 2019

For the oil-import dependent country, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned. Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move t...

Rupee Closes At 6-Week Low Against Dollar: 10 Things To Know

Business | NDTV Profit Team | Thursday April 25, 2019

The rupee on Thursday slumped 39 paise to close at more than six-week low of 70.25 against the US dollar, reported news agency Press Trust of India (PTI). Rising crude oil prices and a late sell-off in domestic equity markets led to the fall in the domestic currency, analysts were quoted as saying in the PTI report. Besides, a strengthening dollar ...

Brent Oil Hits $75 Per Barrel For First Time In 2019

Business | Thomson Reuters | Thursday April 25, 2019

Brent crude futures were at $75.22 in intraday trade, up 65 cents. US West Texas Intermediate crude was at $66.09 per barrel, up 20 cents

Sensex Surges Over 500 Points, Nifty Crosses 11,700

Business | NDTV Profit Team | Wednesday April 24, 2019

Strong buying interest in banking, financial services, IT and energy stocks in afternoon deals pushed the benchmark equity indexes higher. Oil & gas shares such as Indian Oil, Bharat Petroleum and ONGC jumped as crude oil prices eased from 2019 highs. Analysts expect volatility to continue in the domestic equity markets going forward.

Petrol, Diesel Prices On Hold For Third Day In A Row

Business | NDTV Profit Team | Wednesday April 24, 2019

Domestic petrol and diesel prices are reviewed on a daily basis and any revisions are effected at petrol pumps at 6 am. The third day of no change in domestic prices comes as crude oil rates eased overseas, after hitting 2019 highs earlier this week.