#Oil prices slid more than 1% today on concerns that a global supply surplus could swell in #Q1 following a coordinated release of #crude reserves among major consumers, led by the #US.
https://www.moneycontrol.com/news/business/markets/oil-skids-on-concerns-of-rising-surplus-in-q1-7763351.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/markets/oil-skids-on-concerns-of-rising-surplus-in-q1-7763351.html?utm_source=telegram&utm_medium=social
Moneycontrol
Oil Skids On Concerns Of Rising Surplus In Q1
Brent crude futures extended declines for a third session, falling 96 cents, or 1.2%, to $81.26 a barrel by 0130 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.35, or 1.7%, at $77.04 a barrel. There was no settlement for WTI on Thursday because…
#Oil prices edged higher today, trading near seven-year highs hit last week, as investors bet supplies will stay tight, with a limited production hike by major oil producers and a strong post-#pandemic recovery in fuel demand.
Read more here ⏬
https://www.moneycontrol.com/news/business/markets/oil-edges-higher-on-tight-supply-and-post-pandemic-recovery-8012681.html?utm_source=telegram&utm_medium=social
Read more here ⏬
https://www.moneycontrol.com/news/business/markets/oil-edges-higher-on-tight-supply-and-post-pandemic-recovery-8012681.html?utm_source=telegram&utm_medium=social
Moneycontrol
Oil edges higher on tight supply and post-pandemic recovery
Brent crude for April delivery was up 14 cents, or 0.2% at $89.40 a barrel at 0150 GMT. The front-month contract for March delivery expired on Monday at $91.21 a barrel, up 1.3%.
India, like most net #importers, has a history with #oil. The rise in crude oil prices poses inflationary, #fiscal and external sector risks for #India.
Read more 👇
https://www.moneycontrol.com/news/business/economy/war-and-oil-india-faces-trying-times-as-global-risks-pile-up-8159451.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/economy/war-and-oil-india-faces-trying-times-as-global-risks-pile-up-8159451.html?utm_source=telegram&utm_medium=social
Moneycontrol
War and oil: India faces trying times as global risks pile up
India, like most net importers, has a history with oil. The rise in crude oil prices poses inflationary, fiscal and external sector risks for India.
#India, #Thailand and #Philippines would be big losers as the ongoing Russia-Ukraine conflict drives up prices of #oil and other #commodities.
Read more 👇
https://www.moneycontrol.com/news/business/commodities/in-crudes-russian-roulette-india-among-top-3-losers-in-asian-economies-8163331.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/commodities/in-crudes-russian-roulette-india-among-top-3-losers-in-asian-economies-8163331.html?utm_source=telegram&utm_medium=social
Moneycontrol
In crude's Russian roulette, India among top 3 losers in Asian economies
India, Thailand and Philippines would be big losers as the ongoing Russia-Ukraine conflict drives up prices of oil and other commodities.
The recent spike in #oil prices due to the #Ukraine conflict may put pressure on the #cement industry's operational costs, a top company executive has said.
Read more 👇
https://www.moneycontrol.com/news/business/oil-price-rise-next-15-days-crucial-for-cement-industry-says-shree-digvijay-cements-anil-singhvi-8212221.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/oil-price-rise-next-15-days-crucial-for-cement-industry-says-shree-digvijay-cements-anil-singhvi-8212221.html?utm_source=telegram&utm_medium=social
Moneycontrol
Oil price rise | Next 15 days crucial for cement industry, says Shree Digvijay Cement's Anil Singhvi
Stressing that demand has been lower than expectations, Singhvi said his company is not much concerned now as it has inventories.
#Explained: The #Russia-#Ukraine war that completes a month today has hit Indian household #budgets hard, with edible #oil prices surging 20-30% in March alone.
Know why 👇
https://www.moneycontrol.com/news/business/economy/explained-why-sunflower-oil-prices-in-india-may-rise-another-5-10-this-year-8268411.html?utm_source=telegram&utm_medium=social
Know why 👇
https://www.moneycontrol.com/news/business/economy/explained-why-sunflower-oil-prices-in-india-may-rise-another-5-10-this-year-8268411.html?utm_source=telegram&utm_medium=social
Moneycontrol
Explained | Why sunflower oil prices in India may rise another 5-10% this year
Ukraine and Russia account for 60 percent of world sunflower oil output and 76 percent of exports. India is the biggest edible oil importer of the world.
The meeting, held under the chairmanship of RBI Guv Shaktikanta Das, comes at a time when the surging #crude #oil prices has sent jitters across several oil-importing economies across the world.
Read more 👇
https://www.moneycontrol.com/news/business/economy/rbi-central-board-meets-to-review-current-economic-situation-global-geopolitical-crises-8274981.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/economy/rbi-central-board-meets-to-review-current-economic-situation-global-geopolitical-crises-8274981.html?utm_source=telegram&utm_medium=social
Moneycontrol
RBI central board meets to review current economic situation, global geopolitical crises
The meeting, held under the chairmanship of RBI Governor Shaktikanta Das, comes at a time when the surging crude oil prices has sent jitters across several oil-importing economies across the world.
ONGC is undertaking various steps to increase production, supported by the govt’s policy initiatives for increasing production of #Oil & #NaturalGas: Union Minister of state for petroleum and natural gas Rameswar Teli.
Read at: https://www.moneycontrol.com/news/business/economy/ongc-taking-steps-to-increase-production-aided-by-governments-policy-measures-mos-teli-8286971.html?utm_source=telegram&utm_medium=social
Read at: https://www.moneycontrol.com/news/business/economy/ongc-taking-steps-to-increase-production-aided-by-governments-policy-measures-mos-teli-8286971.html?utm_source=telegram&utm_medium=social
Moneycontrol
ONGC taking steps to increase production, aided by government’s policy measures: MoS Teli
ONGC’s crude oil production has gradually declined to 20.273 million metric tonnes (MMT) in 2020-21 from 20.273 MMT in 2016-17.
Russia has offered #oil to #India at steep discount of $35 barrel on prices before war as mounting international pressure lowers the appetite for its barrels elsewhere following the invasion of Ukraine.
Read more at 👇
https://www.moneycontrol.com/news/business/commodities/russia-offers-oil-to-india-at-steep-discount-of-35-barrel-to-pre-war-price-8299191.html?utm_source=telegram&utm_medium=social
Read more at 👇
https://www.moneycontrol.com/news/business/commodities/russia-offers-oil-to-india-at-steep-discount-of-35-barrel-to-pre-war-price-8299191.html?utm_source=telegram&utm_medium=social
Moneycontrol
Russia offers oil to India at steep discount of $35 barrel to pre-war price
Russia is offering its flagship Urals grade to India at discounts of as much as $35 a barrel on prices before the war to encourage India to lift more shipments, reported Bloomberg.
The statement was in response to a question on how he sees India's position in the ongoing #war and the offer of #oil supply to #India.
Read what he says 👇
https://www.moneycontrol.com/news/trends/current-affairs-trends/if-india-wants-to-buy-anything-from-russia-we-are-ready-to-discuss-it-says-sergey-lavrov-8306391.html?utm_source=telegram&utm_medium=social
Read what he says 👇
https://www.moneycontrol.com/news/trends/current-affairs-trends/if-india-wants-to-buy-anything-from-russia-we-are-ready-to-discuss-it-says-sergey-lavrov-8306391.html?utm_source=telegram&utm_medium=social
Moneycontrol
If India wants to buy anything from Russia, we are ready to discuss it, says Sergey Lavrov
A day ago, the United States warned India of the consequences of attempts to “circumvent” American sanctions on Moscow over its invasion of Ukraine on February 24.
India's #crude #oil production during March stood at 2526.11 TMT, 12.49% lower than the targeted 2886.55 TMT, the Ministry of #Petroleum and Natural Gas said.
Read the details 👇
https://www.moneycontrol.com/news/business/commodities/march-crude-oil-production-at-2526-11-tmt-12-49-lower-than-target-8385201.html?utm_source=telegram&utm_medium=social
Read the details 👇
https://www.moneycontrol.com/news/business/commodities/march-crude-oil-production-at-2526-11-tmt-12-49-lower-than-target-8385201.html?utm_source=telegram&utm_medium=social
Moneycontrol
March crude oil production at 2526.11 TMT, 12.49% lower than target
As per the report, crude oil production failed to meet target while also lower in terms of year-on-year (YoY) data for the period. Natural gas production was higher in YoY terms, but still lower than the monthly target.
Indian #oil companies faced 3.6 lakh #cyberattacks in six months, a study conducted by CyberPeace Foundation, along with Autobot Infosec & CyberPeace Center of Excellence, has found.
Read more 👇
https://www.moneycontrol.com/news/technology/indian-oil-companies-suffered-3-6-lakh-cyberattacks-in-six-months-says-a-study-8399371.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/technology/indian-oil-companies-suffered-3-6-lakh-cyberattacks-in-six-months-says-a-study-8399371.html?utm_source=telegram&utm_medium=social
Moneycontrol
Cyber attacks on Indian oil companies run up to 3.6 lakhs in six months
The study was done as part of civil society group CyberPeace Foundation's eKawach program
Russia’s decades long dominance of #Europe’s #energy market is crumbling, and the biggest blow is expected this week as the European Union moves toward a ban on #Russian #oil.
We bring you the details here 👇
https://www.moneycontrol.com/news/world/europe-is-about-to-ban-russian-oil-whats-next-8458121.html?utm_source=telegram&utm_medium=social
We bring you the details here 👇
https://www.moneycontrol.com/news/world/europe-is-about-to-ban-russian-oil-whats-next-8458121.html?utm_source=telegram&utm_medium=social
Moneycontrol
Europe is about to ban Russian oil: What’s next?
The European Union’s aims are clear. With Russia continuing to wage war in Ukraine, Europe wants to deny President Vladimir Putin funds from sales of oil, usually his largest export earner and a cornerstone of the Russian economy.
#MarketsWithMC: Closing Bell 🔔 Except bank, all other sectoral indices ended in the red with #oil & #gas, metal, #pharma, realty, capital goods and IT index down 1-3%.
Stay tuned to this space for latest market updates 👇
https://www.moneycontrol.com/news/business/markets/share-market-live-updates-stock-market-today-may-25-latest-news-bse-nse-sensex-nifty-covid-coronavirus-bpcl-coal-india-nhpc-fortis-healthcare-interglobe-aviation-bata-india-grasim-minda-industries-8570411.html?utm_source=telegram&utm_medium=social
Stay tuned to this space for latest market updates 👇
https://www.moneycontrol.com/news/business/markets/share-market-live-updates-stock-market-today-may-25-latest-news-bse-nse-sensex-nifty-covid-coronavirus-bpcl-coal-india-nhpc-fortis-healthcare-interglobe-aviation-bata-india-grasim-minda-industries-8570411.html?utm_source=telegram&utm_medium=social
On #MorningTrade 🔥
👉 Nov’22 CPI
👉#IPO alert for Tata Technologies & KFin Tech
👉#Oil & #gas prices surge; Impact on traders, investors
👉#Stocks in focus: Tata Motors, Kotak Mahindra Bank, KEC International & more
Live @ 8.30 AM
https://www.youtube.com/watch?v=kXvakWO_PJM
👉 Nov’22 CPI
👉#IPO alert for Tata Technologies & KFin Tech
👉#Oil & #gas prices surge; Impact on traders, investors
👉#Stocks in focus: Tata Motors, Kotak Mahindra Bank, KEC International & more
Live @ 8.30 AM
https://www.youtube.com/watch?v=kXvakWO_PJM
YouTube
Stock Market Live: Tata Motors, Kotak Bank, KEC In Focus | Inflation Falls, Oil & Gas Prices Rise
European markets end lower as investors look ahead to Fed, ECB meeting, as well as latest inflation reading. We also take a closer look at inflation data for November and decode what cooled-off food inflation numbers.
Stocks in the spotlight will be Tata…
Stocks in the spotlight will be Tata…
#SaudiArabia & other #OPEC+ oil producers announced further #oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices & the US called inadvisable.
Read in detail 👇
https://bit.ly/3JWNEEU
Read in detail 👇
https://bit.ly/3JWNEEU
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On #OpeningBell 🔔
#Oil cos in focus as govt cuts all windfall tax on crude oil. Financials in focus on Q4 updates from Bajaj Finance, Federal Bank & South Indian Bank reporting quarterly & financial year-end numbers & Hindustan Zinc - Vedanta impending deal are on the radar.
Catch Nickey in conversation with Gaurang Shah and Rajesh Palviya.
Live @ 9:00 AM
https://www.youtube.com/watch?v=BUvRvJuPrtY
#MarketsWithMC
#Oil cos in focus as govt cuts all windfall tax on crude oil. Financials in focus on Q4 updates from Bajaj Finance, Federal Bank & South Indian Bank reporting quarterly & financial year-end numbers & Hindustan Zinc - Vedanta impending deal are on the radar.
Catch Nickey in conversation with Gaurang Shah and Rajesh Palviya.
Live @ 9:00 AM
https://www.youtube.com/watch?v=BUvRvJuPrtY
#MarketsWithMC
State-run Oil India Limited (#OIL) is expected to start drilling in Andamans in the beginning of the upcoming financial year, 2024-25, Manas Kumar Sharma, director (exploration and development), told Moneycontrol.
Shubhangi Mathur writes ✍️
https://www.moneycontrol.com/news/business/exclusiveoil-india-aims-to-begin-drilling-in-andamans-in-fy25-official-11523081.html
Shubhangi Mathur writes ✍️
https://www.moneycontrol.com/news/business/exclusiveoil-india-aims-to-begin-drilling-in-andamans-in-fy25-official-11523081.html
Moneycontrol
Exclusive: Oil India aims to begin drilling in Andamans in FY25, says official
Manas Kumar Sharma, director (exploration and development), said rigs required for drilling in the area have been identified. Oil India has two shallow-water blocks, AN-OSHP-2018/1 and AN-OSHP-2018/2, in the Andamans, won in the third OALP round.