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Q1FY27 earnings preview: Oil & gas, aviation brace for crude impact
Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.
Gold near one-week low, silver extends losses: Key factors behind the fall
Gold and silver prices fell due to a stronger US dollar, rising oil prices, and increased expectations of a September US Federal Reserve rate hike.
From Gift Nifty, US-Iran war to crude oil prices: 7 key things that changed for Indian stock market overnight - livemint.com
From Gift Nifty, US-Iran war to crude oil prices: 7 key things that changed for Indian stock market overnightlivemint.com
Asian shares steady, oil prices rise as US strikes Iran
South Korea's Kospi index was up 0.9%, while Japan's Nikkei index was flat but sharply off day's lows. The MSCI Asia Pacific index was steady after falling nearly 1% during open. S&P 500 futures were up0.1% while contracts for the Nasdaq 100 were up 0.3%.
Near-zero E100 demand puts brakes on OMCs' E85 rollout
Oil companies are reluctant to expand E85 fuel stations due to poor demand. Nearly 400 pilot E100 outlets saw almost no fuel offtake. Flex-fuel vehicle sales must increase before infrastructure expansion occurs. Higher ethanol blends may damage engines in older vehicles. Low price difference and energy content hinder ethanol fuel adoption.
Russian Oil Gets Cheaper For India As Discounts Cross $10 Mark: Report
India has emerged as one of Russia's biggest energy customers.
Gold, silver prices today: Comex gold and silver edge lower amid Middle East tensions, firm US dollar
Precious metals declined on 7 July amid rising tensions in the Middle East and ahead of Federal Reserve meeting minutes. Gold and silver futures fell sharply, continuously influenced by international geopolitical concerns and fluctuations in the US dollar and crude oil prices.
INR seen supported by improving global risk sentiments
The Indian rupee appreciated 48 paise to close at 94.95 (provisional) against the US dollar on Tuesday, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties. Market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by USD 11 per barrel. Moreover, softness in Brent oil prices is alaos expected to ease inflationary pressures for India, the world's third-largest oil importer. However, Indian shares ended slightly lower on Tuesday, with benchmark indexes Sensex and Nifty snapping a four-day winning streak. The Indian benchmark equity indices snapped their four-day winning streak, ending marginally lower due to late-session profit booking and weak Asian cues. The NSE Nifty 50 declined by 31.65 points (0.13%) to close at 24,398.70, while the BSE Sensex dropped 104.35 points (0.13%) to settle at 78,180.72.
Citi sees oil prices falling to $60-$65, says wait before buying gold
The investment bank says improving geopolitical conditions and higher oil production could push crude prices lower, while gold and silver may remain under pressure in the near term.
Stock market today: Sensex, Nifty 50 snap four-day winning streak as oil prices rise
The Sensex dropped 104 points, or 0.13%, to end at 78,180.72, while the Nifty 50 shed 32 points, or 0.13%, to finish at 24,398.70. Nifty Midcap 100 and Smallcap 100 indices dropped 0.30% and 0.55%, respectively.
Deep Industries bags Rs 49-cr ONGC contract for natural gas compression services
Deep Industries announced that it has received a Letter of Award (LoA) from Oil and Natural Gas Corporation (ONGC) for charter hiring services for natural gas compression at GGS Paliyad under the Ahmedabad Asset.
Crude oil outlook: Price war, global market share in focus
The Middle East is now entering a different kind of conflict-one driven not by military confrontation, but by the battle for market share in global oil markets.