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Oil gains 1 per cent as short-sellers take profit; investors still wary over coronavirus

US West Texas Intermediate was up 63 cents, or about 1.3 per cent, to $50.20.

View: Coronavirus lockdown is a $28 billion gig-loan buster

While many countries in Asia, Africa and Latin America also use microcredit to grease consumption at the bottom of the pyramid, India’s banks and shadow financiers are already reeling under a severe crisis of confidence.

No duty cuts to soften fuel spike: Oil Minister Dharmendra Pradhan

Brent prices crossed the $71-a-barrel mark early Wednesday morning after Iran launched a missile attack, but softened later in the day. Since last year, Brent prices have jumped nearly 15% and were trading around $68 a barrel. Over the past year, the increase in pump prices of diesel and petrol has been around 10%.

Millions face hunger as African cities impose coronavirus lockdowns

Hunger and anger are building in Lagos and other major African cities with little or no social safety net to protect the poor from the economic fallout of the COVID-19 pandemic.

Curtailed hajj compounds Saudi economic woes

Vacant religious sites. Abandoned pilgrim tents. Lifeless hotels. A stunning emptiness - and fears of economic ruin - haunt the usually bustling city of Mecca after Saudi authorities curtailed the hajj pilgrimage over coronavirus.

Crude oil futures slip on weak global cues

Crude oil futures fell by Rs 21 to Rs 4,176 per barrel on Tuesday.

Oil prices on the boil as Middle East simmers

India's benchmark stock indices fell 0.4%, logging their worst weekly performance in a month.

Gold rate gains amid rising Covid cases, US-China trade tensions

Silver prices, on the other hand, slipped as the precious metal witnessed profit booking.

Oil prices sink to lowest in over a year, biggest weekly drop since 2016

Coronavirus panic also sent global stock markets and industrial and precious metals prices tumbling, with losses amounting to $5 trillion.

Palm oil slips as top buyer India halts some import licenses

Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.

Palm rises as Feb inventories dip; demand concerns cap gains

Malaysia's end-February palm oil stocks fell 4.2 per cent from the previous month.

Commodity outlook: Buy gold, silver, copper, crude oil on dips

MCX Zinc is likely to trade sideways with resistance at Rs 182.80 – 183.50 and support at Rs 181.30 – 180.50.

Sensex sinks 2,000 points, Nifty below 10,500; RIL plunges 12%

Stocks of oil marketing companies HPCL, BPCL and IOC gained up to 8 per cent.

OMC shares surge riding softer crude oil prices; analysts upbeat

Analysts expect softening crude oil prices to affect corporate earnings positively.

No reason why India won't see a V-shaped recovery from coronavirus crisis: Jehangir Aziz

India will suffer much less because it is not that exposed to China on the demand side, it is more exposed to China on the supply side, says JP Morgan’s head of emerging market-economies.

Crude oil futures slip on weak global cues

Crude oil futures fell by Rs 18 to Rs 4,188 per barrel on Monday.

Oil rises for third day as coronavirus impact may spur output cuts

OPEC yesterday lowered its 2020 forecast for demand for the group's crude by 200,000 bpd, prompting expectations that OPEC+ will enact the cuts when the group next meets, possibly as early as this month.

Crude oil futures fall even as global prices surge

Crude oil futures on Wednesday fell by Rs 19 to Rs 4,176 per barrel

Fuel consumption was never this bad at any point in last decade

Fuel consumption tanked to 16 million tonnes during the month — a steep 18% dive.

Palm oil down on prospects of higher output, lower exports

"Palm oil prices are following weakness in soybean oil on the Chicago Board of Trade" said Anilkumar Bagani.

BPCL buys 2 million barrels extra Saudi oil for April

"We will be taking two additional cargoes of Arab mix...we have got a mix of Arab light and Arab medium," BPCL's head of refineries R. Ramachandran told Reuters.

Summing up Modi's Covid stimulus: Big takeaways from the big Covid package

At as much as 10% of GDP, the big stimulus package did not appear to leave any major sphere untouched.

Crude oil futures dip on easing tensions in Middle East

Crude oil for February delivery was down Rs 9, or 0.21 per cent.

Crude oil futures slip on weak global cues

Crude oil futures on Friday fell by Rs 2 to Rs 4,159 per barrel.

Stock market update: 28 stocks hit 52-week lows on NSE

However, UltraTech Cement, ITC, Indian Oil Corp, Sun Pharma and Shree Cements were among the top losers.

Crude oil futures gain on spot demand, global cues

Globally, the West Texas Intermediate was trading up 0.05 per cent to $59.64 per barrel.

Warren Buffett says virus, oil ‘one-two punch’ still not as bad as 2008

Buffett has sought to reassure investors as concerns over the spread of the coronavirus.

Real oil market is sinking and Opec+ deal can’t rescue it

Producer nations pledged to limit output by an unprecedented 10 per cent of global supply.

Palm oil drops to near 4-month low on lower export forecast, political turmoil

Earlier in the session, it touched its lowest since Nov. 4, 2019 at 2,500 ringgit.

Mukesh Ambani is going on a cash hunt in lockdown

RIL is in talks with 10-15 foreign lenders to raise funds for its non-digital units.

Congress launches nationwide campaign for fuel price rollback

Top Congress leaders, led by the Gandhis, released video messages across social media and some of them, along with party workers, have also carried out symbolic cycle rides, attacking the government for adding to the hardship of ordinary people by hiking fuel prices, despite the all-time low international crude price.

India's fuel demand drops 11% in March as coronavirus hits aviation, transport

The country had consumed 19.5 million tonnes of petroleum products in March 2019. Assuming consumption in two halves of the month was almost the same, as much as 10 million tonnes of fuel was consumed during the first fortnight of March 2019. Restrictions and travel advisories, as well as a slowdown in industrial activity, has led to the fall in demand.

Transporters demand reduction in fuel prices

All India Motor Transport Congress is the umbrella body of transporters representing about 95 lakh truckers and entities across the country. There is no respite from the spiralling diesel and petrol prices which is having back-breaking impact on the transport sector as fuel prices are not being reduced and the taxes as well as VAT too are on the higher side.

Commodity outlook: Crude oil plunges; here's how others may fare today

Here is how SMC Global expects commodities to fare today.

Palm oil falls on concerns over rising stockpiles as global demand falters

The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slipped 19 ringgit, or 0.85 per cent, to 2,227 ringgit ($515.75) per tonne.

Dow Jones rallies on hopeful coronavirus signs, healthcare lift

The Dow Jones Industrial Average rose 779.71 points, or 3.44%, to 23,433.57.

Virus may hit edible oil imports by 5%

Angshu Mallick, chief operating officer of Adani Wilmar that sells edible oils under the Fortune brand name said “We have to come out with new ideas for supply chain management.

Gulf markets plunge on oil price crash

Dubai's benchmark index was down almost 9 per cent, Abu Dhabi index was down 7 per cent.

Palm oil rises on lower Indonesian inventories; set to post weekly loss

Palm oil has ended lower for the past three sessions, and has lost 5% so far this week.

Oil rises a second day in 'relief rally' over China coronavirus

Brent futures rose by 77 cents, or 1.4 per cent, to $56.05 a barrel by 0735 GMT.

View: Prepare for mammoth coronavirus-induced recession

The coronavirus does not care a hang about the interest rate or fiscal deficit.

Brent may head towards $50 or below in worst-case scenario: Kang Wu, S&P Global Platts

While one is talking of a hit of 20% or so, for a big market like China, a 14-15 million barrels per day oil market, a 10-20% drop in demand can be huge, says the S&P Global Platts analyst.

China stocks drift lower as coronavirus fallout mounts

The Shanghai Composite index closed 0.2 per cent lower at 2,838.50.

Edible oil cools due to Coronavirus, restrictions on refined palm

In the past 2 weeks, crude palm oil prices have fallen 6% and are expected to slip further.

'Sheer profiteering' by Centre: Yashwant Sinha on fuel price hike

On one hand, the Centre announced a Rs 20-lakh crore package to uplift the economy, while on the other, it "robbed" people who travel by motorbikes, scooters and other vehicles, he said.

Commodity outlook: Crude oil slips; here's how others may trade today

Crude oil was down 0.71 per cent to Rs 3,779, while gold gained 0.5 per cent.

Crude oil futures rise 4% on rising US-Iran tensions

Crude oil for February delivery was up by Rs 172, or 3.96 per cent, at Rs 4,514 per barrel.

Mideast turmoil & drop in US stockpiles set to take WTI crude back to $70

Tensions in West Asia supported oil with crude oil witnessing a gapup opening on Monday.

OPEC divided on how to combat coronavirus fallout

The success of the OPEC summit, which has been called three months ahead of the next scheduled meeting, will above all hang on the alliance between Russia and Saudi Arabia, the world's second and third-biggest producers and the most important players in the OPEC and OPEC+ groupings respectively.

India's edible oil imports down 32.44% in March

As per the provisional data released by the Solvent Extractors Association of India (SEA), there was a 90 per cent fall in import of RBD palmolein at 30,850 tonne in March this year, as compared to 3,12,673 tonne in the year-ago period.

Protect your mutual fund portfolio from Coronavirus, and yourself

When you invested in a mutual fund scheme, you would have earmarked each of your mutual fund schemes to specific financial goals. For example, a retirement that is twenty years away or a higher education fund for a child that is eight years away.

Pakistan announces record increase in fuel prices

The hike, which ranges from 27 per cent to 66 per cent depending on the petroleum product, was announced Friday night.It drew nationwide condemnation from people on social media Saturday. The move comes two weeks after Islamabad said its GDP in the outgoing fiscal year ending on June 30 will shrink by 0.4 per cent, instead of an initially projected 2.4 per cent growth.

Expect Brent prices to get back to $50 a barrel: Jonathan Barratt

A word on the street is that OPEC will continue the same policy or try to tighten it a little bit more to arrest the declines, says the CIO of Probis Securities

Government likely to fall short of revised divestment target by Rs 13,000 crore

Proceeds from divestment including offers for sale, equity traded funds and buybacks, stood at Rs 35,537.32 crore as of March 12, officials said, adding that an additional Rs 15,000 crore is expected from NTPC’s buyout of NeepCo and THDC and the sale of Kamarajar Port Ltd. to Chennai Port Trust.

Crude oil futures jump over 3% as tensions in Middle East escalate further

Crude oil for February delivery was up by Rs 142, or 3.16 per cent, at Rs 4,636 per barrel.

Oil edges lower as US stockpiles grow more than expected

US crude inventories rose by a much bigger than expected 1.7 million barrels last week

Crude oil futures slip on domestic cues

Crude oil futures on Monday fell by Rs 12 to Rs 4,157 per barrel.

Series of small steps can change sentiment in times of Covid-19

Global oil prices, which were believed to never go below $50-55, have crashed to $30.

It makes sense to accumulate small, midcaps now: Nilesh Shah

If you take the pain of catching a falling knife over a period of time, you will make a lot of money from there, says Kotak AMC MD.

The coronavirus inflicts its own kind of terror, changing our idea of life, and security

When the all-clear finally sounds from the new coronavirus lockdown, people will emerge into the light like moles from their burrows.

View: Iraq may be the next flash point for crude oil market

Southern Iraq is home to most of Iraq’s oil industry and the protests have reached Basra.

A flood of $25-a-barrel Saudi Arabian oil is headed for Europe

Saudi Arabia is offering its flagship Arab Light crude into Rotterdam for roughly $25 a barrel.

Crude oil futures slip Rs 12 to Rs 4,190 per barrel

West Texas Intermediate crude oil was trading 0.22 per cent higher at $59.17 per barrel.

Crude oil futures gain Rs 17 to Rs 1,804 per barrel

Crude oil for May delivery was up by Rs 22, or 1.1 per cent, to Rs 2,023 per barrel with an open interest of 437 lots.

India resumes purchases of Malaysian palm oil: Traders

Indian buyers have resumed purchases of Malaysian palm oil amid improving ties between the two nations.

Consumer staples, technology and pharma best defensive plays: Jinesh Gopani

‘For the $270-280 bn GDP hit, someone will have to pay the price and asset quality issues will come up in some of the banks.'

Crude oil futures fall on weak global cues

Analysts said the fall in oil prices was mostly in tune with a weak trend in global markets.

Lockdown, Day 22: India's new rulebook is out

As of now, India's infection curve has shown no signs of flattening out. The number of confirmed cases stands at 11,933, with 392 dead.

Crude oil futures fall on weak domestic cues

Crude oil for January delivery was quoting lower by Rs 6, or 0.15 per cent.

Pandemic shatters world order, sows anger and mistrust

Hopes that nations might set aside their differences to combat the coronavirus crisis have largely evaporated.

10 factors that are going to move market on Monday

What the key indicators are signalling for the market on Monday

This Rs 36,000 crore fund manager bets on largecaps to tide over Covid-19 crisis

BSE’s top stocks barometer Sensex has eroded 23 per cent value year to date.

Palm oil near 9-month low on higher April stocks forecast, weaker soyoil

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange fell 4 ringgit, or 0.2%, to 1,971 ringgit ($457.73) per tonne by 0323 GMT.

Alphageo shares up 1.47% as Nifty tumbles

​The stock quoted a 52-week high of Rs 549.95 and a 52-week low of Rs 128.55.

Trade deal boost tapering off for crude oil market

Rig count is the US increased by 18, first double-digit increase in eight months.

Sensex falls 210 points as Covid cases surge; Nifty ends at 10,312

Just after market hours, Maharashtra said it will extend its lockdown until July 31.

Crude oil futures gain on positive global cues

West Texas Intermediate crude oil was trading 0.10 per cent up at $57.78 per barrel.

Commodity outlook: Crude plunges; here's how other may trade

Here is how SMC Global expects commodities to fare today.

Crude oil futures climb 1.5 pc after Iran strikes US bases in Iraq

Crude oil for February delivery was up by Rs 64, or 1.45 per cent, at Rs 4,560 per barrel.

Govt extends BPCL bid deadline to June 13

The government on Tuesday extended the deadline for bidding to buy its entire 52.98 per cent stake in the country's second-biggest oil refiner, Bharat Petroleum Corp Ltd (BPCL), by over a month to June 13.

Spot LNG price crash set to make life harder for Indian suppliers of long-term gas

International gas prices, a variable in the domestic price, have also been falling.

COVID-19: NPPA asks states, UTs to ensure unobstructed movement of stock, manpower

In a letter to the Chief Secretaries of all states and union territories (UTs), National Pharmaceutical Pricing Authority (NPPA) chairperson Shubhra Singh has asked them to ensure unobstructed movement of raw material, packing material, finished products and manpower related to manufacturing and distribution of drugs and medical devices.

State oil companies to contribute Rs 1000 crore to PM-CARES fund

“I am grateful, and delighted, to announce that the oil & gas establishment is ready with a contribution of ₹1031.29 crore by the PSUs and other oil JVs for the PM-Cares Fund. Additionally, ₹61 cr. has been contributed by colleagues of PSUs from their salaries for the #PMCARES,” Oil Minister Dharmendra Pradhan said on twitter on Monday.

Crude oil futures dip after soaring in previous sessions on US-Iran tension

Crude oil for February delivery was down Rs 38, or 0.84 per cent, at Rs 4,498 per barrel.

Opec+ meet and trade deal talks to keep crude oil prices volatile

Crude oil market players are looking towards next month’s Opec+ meeting for fresh cues.

Crude oil futures fall on domestic cues

West Texas Intermediate crude oil was trading 0.41 per cent up at $57 per barrel.

RBI steps to help mitigate impact of coronavirus lockdown on biz: Industry

RBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune. It all depends how India responds to the situation, he said. Global slowdown could make things difficult for India too, despite some help from falling crude prices, Das said, adding food prices may soften even further on record crop production.

European stocks plunge 6% on oil price tumble, Italy lockdown

The pan-European STOXX 600 fell 6.1% by 0807 GMT, entering bear market - commonly defined as a 20% drop from all-time highs.

View: The end of Opec is here

This is not the first time that Saudi Arabia has cast smaller Opec producers to the wolves.

Palm giant says blow to China, India sales is ‘temporary’

A blistering price rally was shattered last month by a deepening trade spat with India.

European shares gain on oil boost as economies reopen

The pan-European STOXX 600 rose 1.8 per cent by 0710 GMT.

Crude oil futures marginally up on positive global cues

Analysts said raising of bets by participants kept crude prices higher in futures trade here.

Consumer goods fly off the shelves as coronavirus spreads in India

Deliveries have been delayed and some items such as sanitisers have gone off shelves or are unavailable online. Retailers and fast-moving consumer goods (FMCG) companies said there are no shortages and that they will speed up supplies to shops besides seeking to curb hoarding. They said sales are up 15-45% depending on the category.

Q4 earnings, stimulus hope, oil price among 8 factors that will steer market next week

Here are the key factors that market participants will track keenly in the week ahead.

Edible oil industry wants import of refined palm oil to be restricted

The government should not issue licenses for import of refined palm oil to companies to protect local refiners and oilseed growers, said edible oil associations and analysts.

Can Facebook and Mukesh Ambani be really happy together?

Ambani’s strategy has three connected elements: carriage, content and commerce.

Japanese shares drop on fears of coronavirus forcing Tokyo into lockdown

The benchmark Nikkei average dropped 1.6% to 19,084.97 after Friday's 3.9% gain.

Global economy could shrink by almost 1% in 2020 due to COVID-19 pandemic: United Nations

The analysis by the UN Department of Economic and Social Affairs (DESA) said the COVID-19 pandemic is disrupting global supply chains and international trade. With nearly 100 countries closing national borders during the past month, the movement of people and tourism flows have come to a screeching halt.

Oil in virus-driven bear market has urgent OPEC+ seeking fix

The virus has upended trade flows and probably led to a 20 per cent cut to China’s oil demand.

High oil prices pose threat to improvement in Indian CAD: Report

Downbeat sentiments saw USD-INR exchange rate test past 72 to two-month high, while the benchmark equity indices witnessed mayhem on Monday, said a report by Singapore's banking group DBS.

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