Oil and Natural Gas Corporation (ONGC)
Market

The stock prices of MRPL and Chennai Petroleum have risen by 19% as a result of positive business prospects

In an otherwise sluggish market, shares of Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL) soared up to 19% and touched 52-week highs on Tuesday’s session on the BSE amid strong volumes. The fact that the Singapore gross refining margin (GRM) has risen to a new high of $25.2 per barrel is good […]

Russian crude imports
Market

Oil gains 0.3% as a result of EU sanctions against Russia and a potential crude ban

Oil prices rises on Thursday, extending gains from the previous session, as a European Union plan for more penalties against Russia, including a six-month oil embargo, countered concerns over Chinese demand. By 0209 GMT, Brent crude futures had risen 35 cents, or 0.3 percent, to $110.49 a barrel, while West Texas Intermediate crude futures had […]

Market

After US crude, fuel stocks indicate tighter supply, oil prices have risen 1%.

  Oil prices jumped at the start of Asian trading on Wednesday, despite fears about slowing demand from top importer China, after industry reports revealed drawdowns in U.S. crude and fuel stockpiles, heightening supply concerns and offsetting concerns about slowing demand from China. By 0223 GMT, Brent crude futures had risen 89 cents, or 0.9 […]

Market

Oil falls 5% to 107.25 dollar per barrel after IMF cuts growth outlook

Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65, or 5.22%, to settle at […]

Rupee slumps 49 paise
Market

Rupee slumps 49 paise to 75.82 against US dollar in early trade

The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at […]

Indian markets close sharply higher amid easing geopolitical tensions
Market

Indian markets close sharply higher amid easing geopolitical tensions

The benchmark indices rebounded on Tuesday, recouping all of previous day’s losses, on reports of de-escalation of tensions between Russia and Ukraine. The news came as much-needed relief to equity markets which were rattled after a massive mobilisation of the Russian army around Ukrainian borders led to fears of an invasion and a standoff between the US and Russia. The […]