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Wednesday, April 14, 2021

crude oil price


Dharmendra Pradhan to oil exporting nations: Ease output cuts

February 18, 2021 12:22 am

A rise of over 50 per cent in the price of Brent crude, from around $40 per barrel in October to $64.4 on Wednesday, has led to the prices of petrol and diesel hitting record levels across India.

Oil plunges as new coronavirus strain renews demand recovery fears

December 22, 2020 2:55 pm

Brent crude futures were down 88 cents, or 1.7% to $50.03 a barrel at 0730 GMT, while US West Texas Intermediate (WTI) crude futures fell 92 cents, or 1.9%, to $47.05 a barrel.

Finance Ministry turns down proposal to cut cess on crude output

October 19, 2020 9:59 am

Experts noted that given the recovery in the price of Brent crude, oil-producing companies were not expecting any relief on oil cess from the government.

Oil prices drop as rise in coronavirus cases stokes fuel demand fears

June 16, 2020 11:54 am

Brent crude fell 20 cents, or 0.5%, at $39.52 a barrel by 0424 GMT, having gained 2.6% on Monday. US oil dropped 21 cents, or nearly 0.6%, to $36.91 a barrel, after closing 2.4% higher in the previous session.

As OMCs pass on crude price slide, jet fuel down but no pass-through for auto fuels

May 11, 2020 12:30 am

Experts say that the demand for ATF has collapsed as it is only being used for cargo transport, relief and rescue work, as well as emergency services.

Oil reserves get a leg-up since March on falling crude prices, yet FY20 import bill could shrink

April 27, 2020 1:58 am

Against the projected $111.3 billion (233 million tonne) for FY20, India imported just $95.5 billion (207 million tonne) of crude oil in April-February of the fiscal, which was even 7.2 per cent lower than in the year-ago period (6.6 per cent lower in rupee term).

Explained: How oil price crash impacts sugar, what it means for India

April 26, 2020 6:33 pm

Exports slowing down and not much domestic lifting of sugar by institutional consumers has significantly undermined the ability of mills to make cane payments.

As output costs exceed global prices, upstream oil & gas cos seek relief

April 24, 2020 12:12 am

Oil producers are required to pay a 20 per cent oil cess on the price of crude as well as a royalty of 10-12.5 per cent for offshore production of oil.

Don’t waste the oil crisis

April 24, 2020 1:28 pm

We cannot leverage low and volatile oil prices to our advantage unless we empower traders, free them of bureaucratic control.

Vikram S Mehta on crude oil price dive: ‘It’s the death knell for the oil industry'

April 28, 2020 11:58 pm

The fundamentals of the oil industry are not just determined by demand and supply, they are also determined by geopolitics, by the paper trader, said Vikram S Mehta.