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...
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...
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...