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OPEC+ agreed to hike July oil output by 411,000 barrels per day (bpd) on Saturday, the same as in May and June, after the group of oil-producing countries looks to grab back market share and punish over-producing members. According to Reuters, eight OPEC+ members of the group are unwinding 2.2 million bpd in voluntary curbs…
Look, folks, we’re seeing some exciting things in India. Corporate activity is slowing down, but not great, except in utilities, which are doing well. The government’s been steady and very strong, considering the tough neighbourhood. We all know what’s going on over there — some distraught neighbours, not good! The Indian consumer? Weak. Spending is…
ONGC Q4 Results: Oil and Natural Gas Corporation (ONGC) announced its January to March quarter results for the financial year 2024-25 on Wednesday, 21 May 2025. The oil major recorded a 20 per cent drop in net profits for the fourth quarter to ₹8,856 crore, compared year-on-year (YoY) with ₹11,096 crore in the same quarter…
HOUSTON -Oil settled higher on Friday, notching a second straight week of gains on easing U.S.-China trade tensions, although prices were held back by expectations of higher supply from Iran and OPEC . Brent crude futures settled up 88 cents, or 1.4%, at $65.41 per barrel, while U.S. West Texas Intermediate crude futures closed 87…
Oil prices settled nearly 2% higher on Friday and notched their first weekly gains since mid-April as a U.S. trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing. Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 a barrel, while U.S. West Texas…
Stocks to buy: All three oil market companies – Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) – are in the limelight amid weakness in crude oil prices and quarterly earnings for the fourth quarter of the financial year 2024-25 (Q4 FY25). The question remains which PSU oil stock looks…
NEW YORK -Oil prices fell by more than $1 a barrel on Wednesday as investors doubted that upcoming U.S.-China trade talks will result in a breakthrough, while hopes for an Iran-U.S. nuclear deal eased supply worries. Brent crude futures settled $1.03, or 1.66%, lower at $61.12 a barrel while U.S. West Texas Intermediate crude lost…
Stocks to buy: Crude oil prices have been on a slippery slope for most of 2025, shedding almost 20% on a year-to-date (YTD) basis, with Brent crude prices briefly slipping below the $60/barrel mark on Monday. While the crude oil prices rebounded to $61 level today, May 6, they have tumbled almost 10% over the…
Stock Market Today: Indian paint stocks, including Asian Paints, Berger Paints, and Kansai Nerolac, traded higher in Monday’s session (May 5), reflecting the broader positive momentum in the Indian stock market after crude oil prices dropped sharply amid rising global supplies. Falling crude oil prices are a boon for India, which imports around 85% of…
(Bloomberg) — Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with the matter. Also Read | ‘Alternative energy sources to gain prominence amid rise in protectionism’ The oil…