Topics: Crude oil business

Business

Jan 10: Cured Oil & Gold Market Update by Ravindra V. Rao of Kotak Securities Ltd

COMEX Gold registered a record 7-month high on Monday as it reached $1886.40/oz. However, the price ended slightly lower from the highs gaining by...
Business

Jan 05: Gold and Crude Oil Market Update by Ravindra V.Rao of Kotak Securities

COMEX Gold inched up for the fourth consecutive session hitting a high near $1871/oz. Gold ended Wednesday's session with a gain of 0.70% at...
Business

Gold & Crude Oil Market Update by Ravindra V. Rao, Kotak Securities

COMEX Gold started the year 2023 shining as it ended the first official session of the year with gains. Gold ended Tuesday’s session around...
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Business

Why is a Distant War Burning your Wallet?

In the late 80s, India faced a balance of payments crisis. Unable to pay for its oil imports (a fraction of what we import...
Business

COVID-19: Chennai Petroleum records inventory write-down of Rs 1,456 crore

State-owned oil refinery company Chennai Petroleum Corporation Ltd on Friday said, 'It has recorded an inventory write-down of Rs 1,456 crore due to the...
Business

Saudi Arabia cabinet asks OPEC+ countries to reduce oil production rate

The cabinet of Saudi Arabia has urged the OPEC+ countries to reduce the rate of oil production to restore balance in global crude markets. Quoting...
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Business

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...
Business

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...
Business

India to finalise $25 billion crude oil import deal with Russia

India and Russia have finalised the broad contours of an ambitious government-to-government agreement for long-term import of crude oil by India from Russia's Far...
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