India in talks with Russia on mega deal for long-term import of crude oil
Russian Deputy Chief of Mission Roman Babushkin told PTI that both India and Russia are adopting a "multi-dimensional" approach in boosting cooperation in oil and gas sector in sync with decisions taken by Putin and Modi in their last annual summit in Vladivostok in September.
Oil prices fall on bearish demand forecasts
Brent crude lost 65 cents to $55.14 a barrel by 0930 GMT.
Crude oil futures slide on low demand
West Texas Intermediate crude oil traded 0.12 per cent up at $51.23 per barrel.
Mentha oil price hits season low; outlook bearish
Stocks of mentha oil at MCX-accredited warehouse declined to 77,799.35 kg by February 11 against 88,601.70 kg a week earlier.
Global oil demand set to drop first time in a decade on coronavirus
The new estimates show that oil markets face a significant surplus despite the latest production cuts by OPEC and its partners.
Oil India to move TDSAT against DoT seeking Rs 48,489 crore
Following the SC ruling of Oct 24, 2019 that non-telecom revenues should be included for considering payments of the govt dues by firms holding any sort of telecom license, the DoT slapped Rs 1.47 lakh crore demand on mobile phone operators such as Bharti Airtel Ltd and Vodafone Idea Ltd and another Rs 2.7 lakh crore from non-telecom firms.
Agri commodities: Guar gum, soya oil, soybean rise in futures trade on robust demand
Guar gum prices on Friday gained Rs 14 to Rs 6,660 per five quintal in futures trade
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.
Clarification on dues order: OIL to move TDSAT, PSUs recall pleas
The Department of Telecommunications (DoT) had formally sought payments from Oil India. Two other state firms had not received a formal “demand notice” and may have no liability after the top court’s verdict, company executives said on the condition of anonymity.
Agri Commodities: Soya oil, guar seed, guar gum slump in futures trade amid low demand
Cottonseed oil cake prices on Thursday fell by Rs 4 to Rs 1,806 per quintal in futures trade.
Crude oil futures fall on spot demand
Crude oil for March delivery was quoting lower by Rs 17, or 0.47 per cent, at Rs 3,631 per barrel.
Oil prices rise as new virus cases slow, easing Chinese demand concerns
US West Texas Intermediate (WTI) rose 46 cents, or 0.9 per cent, to $50.39.
Oil prices steady, on course for weekly gain
US West Texas Intermediate (WTI) was 3 cents or 0.1 per cent high.
Crude oil futures gain on global cues
West Texas Intermediate was trading higher by 0.16 per cent at $51.50 per barrel.
Opec underestimates China coronavirus threat
China’s own oil consumption is down sharply as factories stay closed and travel restrictions remain in place even after the extended Lunar New Year holiday comes to an end.
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