‘’We believe that OMCs are effectively cushioning all the impact of the oil price, product crack, logistics cost, and currency fluctuations. Furthermore, we do not expect OMCs to have any pricing power on petrol, diesel, and liquified petroleum gas or LPG (~80-85 per cent of sales volume) in Q1FY25,” Pokharna […]
crude oil price
Oil prices dropped by over $2 per barrel on Monday to reach multi-month lows, fueled by investor concerns regarding the demand trajectory. The complex OPEC+ output decision signaled a willingness among member countries to increase crude exports. On Sunday, OPEC+ extended the majority of its significant oil output reductions until […]
Oil prices saw a slight increase in subdued trading due to public holidays in Britain and the United States. This followed a week marked by concerns over U.S. interest rates amidst persistent inflation. The Brent crude July contract rose by 76 cents to $82.88 per barrel by 1411 GMT, while […]
Oil prices fell on Thursday for the fourth session in a row, as the prospect of higher-for-longer U.S. interest rates raised worries around demand growth in the world’s biggest oil market. Brent crude oil futures were down 45 cents, or 0.6%, at $81.45 a barrel by 11:50 am ET (1550 […]
Oil prices increased during early Asian trading on Monday, extending last week’s gains. This rise occurred amid the search for Iran’s president following a helicopter crash in the oil-producing country and the U.S. purchase of crude to replenish its national stockpile. By 0049 GMT, Brent crude had climbed 26 cents, […]
Asian markets traded mixed while the US stock market also ended on a mixed note overnight amid lack of fresh triggers. Gains in US dollar and treasury yields weighed on the equities. On Wednesday, the Indian stock market benchmark indices ended choppy session on a flat note amid cautious market […]
Oil futures saw an increase on Monday following Saudi Arabia’s decision to raise June crude prices for most regions. Additionally, concerns grew over the possibility of a ceasefire agreement in Gaza, leading to renewed fears of potential escalation in the oil-rich region due to the Israel-Hamas conflict. Brent crude futures […]