Shameful, inhumane, heartless to make profit on crude oil: Cong to PM
The Congress accused the government of profiteering from the crash in international crude oil prices. Congress chief spokesperson Randeep Surjewala said such an act by the government was "inhumane and heartless", as people were losing their livelihood and the government was making profit by raising excise duties on petrol and diesel.
Crude reality: Price crash means oil firms must slash spending
The main US benchmark, WTI, tumbled from nearly $54 to just over $20.
View: The decline and fall of the Gulf’s oil empire is looming
The era when the Gulf nations and their sovereign wealth funds were magic cash...
Covid-19 impact: Domestic demand for petrol, diesel, ATF & shipping fuel drop 10%
Sales are dropping at petrol pumps and compressed natural gas (CNG) filling stations across several states in a sign that March would turn out to be the worst month in several years for fuel consumption despite fall in pump prices.
Punters flock to crude oil futures as premia rocket
Experienced traders here are either buying or selling crude spreads on the local bourse, said Kishore Narne, associate director at Motilal Oswal Financial Services .
Oil slides again, squeezed between coronavirus demand hit and price war bite
Brent crude fell $1.13 to $32.72 a barrel by 0230 GMT, tumbling after last week's plunge of 25%, the largest weekly fall since 2008.
Mumbai citizens struggle as petrol pumps deny sale of fuel to non-essential services
Some petrol pump owners told ET that the Company Owned-Company Operated (COCO) outlets are selling only to emergency and essential services. “We are following directions from district authorities. We have been told to supply petrol and diesel only to essential and emergency services and we are doing that,” a spokesperson from BPCL told ET.
Palm falls 5% as pandemic, falling oil prices stoke demand fears
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Commodity outlook: Sell crude oil, nickel on rise
A rising dollar makes US dollar-denominated commodities more expensive for holders of other currencies.
Barclays cuts 2020 crude forecasts by $12 on virus, Opec+ deal collapse
The bank lowered its 2020 price outlook for Brent and West Texas Intermediate by $12 each to $31 and $28 per barrel, respectively.
Oil falls back as Russia rejects Trump's intervention in price war
Brent crude futures were down 32 cents, or 1.1%, at $28.15 a barrel by 1331 GMT.
Coronavirus impact: Spot power demand falls 40% on closure of malls, markets, offices
Total demand in the second and third week of March fell almost 3% year-on-year, according to data collated by the National Load Despatch Centre. Demand had risen in January and February.
Opportunity in debt funds amid this virus crisis: S Naren
Emerging interest rate and currency market equations have created great scope in fixed-income funds, says CIO, ICICI Pru MFOpportunity in de...
Palm gains as stronger edible, crude oils outweigh weak exports
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was up 28 ringgit, or 1.26 per cent, at 2,244 ringgit ($510.00) per tonne by the midday break.
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