Rupee pares early gains to settle marginally up at 70.83
A spike in crude oil prices and fears of further rise in retail inflation also capped the rupee gains.
Oil prices recoil as spectre of trade war, weaker demand haunts market
Brent futures were down 14 cents, or 0.2 per cent, at $64.11 per barre...
Oil import bill set to swell on bullish bets
Total cuts through March 2020 would be 1.7 mbpd, Opec said on Friday.
The Wall Street bankers who burst Aramco’s $2 trillion bubble
For Wall Street, already stung by the collapse of WeWork’s IPO, Aramco is another embarrassment.
Saudi Aramco tops $2 trillion, defying valuation sceptics
The Saudi Crown Prince has made the Aramco IPO the centrepiece of his plan to diversify the Kingdom's economy away from its dependence on oil production by using the $25.6 billion raised to develop other sectors. But that was well below the Crown Prince's plan announced in 2016 which called for raising as much as $100 billion.
Sensex rises 150 points, Nifty tops 11,950 amid firm global cues
Volatility index, India VIX, slide further 4.42 per cent to 12.78.
Oil bulls gearing up for a rally, but Trump may play spoilsport
Oil traders should remain cautious and not get too carried away by the Opec+ saga.
Oil prices slip as weak China exports highlight trade war impact
WTI oil futures were down 30 cents, or 0.5 per cent to $58.90 a barrel.
Oil prices drop as fears over trade war, weaker demand return to haunt market
Brent futures were down 11 cents, or 0.2 per cent, at $64.14 per barrel by 0738 GMT.
Companies can recover full exploration cost from new discoveries only: Oil Ministry
At the end of the exploration period, they retain the area needed to develop the discoveries and get a mining lease for that. The rest of the land is relinquished to the govt. After the finds begin to generate revenue, the companies recover costs before sharing profit with the govt.
Public sector officers’ association against privatisation of BPCL
Representatives of officers’ associations from several state-run companies such as BPCL, Indian Oil, ONGC, GAIL, NTPC, SAIL and BHEL said at a press conference on Monday that BPCL’s proposed privatisation was like killing the golden goose and would hurt the economy, government’s social welfare programme and energy security.
Oil prices slip as weak China exports highlights trade war impact
WTI oil futures were down 28 cents, or 0.47 per cent to $58.92 a barrel.
TOI’s printing units win Greentech safety award
While addressing a gathering of luminaries from India and the US at the 18th Annual Greentech Occupational Health, Safety and Disaster Management Conference former Chief Justice of India Dipak Misra said, “The term RoI (return on investment) is absolutely immoral and unethical in the context of maintenance of safety and disaster management.”
India's fuel demand growth hits near 2-yr high in November
Consumption of refined fuels, a proxy for oil demand in Asia's third largest economy, totalled 18.77 million tonnes in the month, preliminary data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday.
Navy's long-term plan is to have 3 aircraft carriers: Navy Chief
Navy Chief Admiral Karambir Singh, speaking at an annual press conference, also assured the nation that the Navy is fully prepared to deal with national security challenges. On the challenges in the neighbourhood, he said no action of any other player in the region should impact us."We are ready to work with like-minded nations in the region," he said.
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