OPEC OUTCOME
Nifty hits fresh record high, Sensex soars 500 pts on gains in IT stocks; Fed outcome in focus Indian shares kicked off Wednesday's trading session on a positive note, driven primarily by gains in IT stocks. The market anticipates the release of a crucial U.S. inflation report and the Federal Reserve's policy decision, both of which are likel...
12 Jun, 2024, 10.13 AM ISTOil slips on dollar's strength from US jobs data Oil prices slipped on Monday due to a stronger dollar and delayed interest rate cuts following strong U.S. jobs data. Developments in Iraq, including progress in oil export talks with the Kurdistan region, impacted market sentiment.
10 Jun, 2024, 07.51 AM ISTBack to basics in uncertain times; quality to outperform momentum: Nilesh Shah The election outcome defies market and exit polls estimates. Focus shifts to government formation, analysis of the election verdict, and policy recalibration. Support for bottom-of-the-pyramid consumption likely for inclusive growth.
05 Jun, 2024, 08.30 AM IST- ADVERTISEMENT
Exit Poll Euphoria: Investor wealth catapults by Rs 14 lakh crore as Sensex, Nifty hit record highs on election result eve The 30-share BSE benchmark Sensex advanced 2,507 points or 3.4% to settle at 76,469. The broader NSE Nifty gained 733 points or 3.25% to end at 23,264. All major sectors settled in the green with financials climbing 4% to a record high, while public...
03 Jun, 2024, 04.20 PM ISTOPEC+ says goodbye to its $100-a-barrel oil quest The OPEC+ cartel appears to be shifting away from its pursuit of $100-a-barrel oil, announcing a deal to gradually increase production through 2025. This move could lower oil prices and ease global inflation, impacting market dynamics and Saudi Arab...
03 Jun, 2024, 10.52 AM ISTOil rises over $1 a barrel ahead of inflation data after downbeat week As of 12:10 p.m. ET (1610 GMT), the Brent crude July contract increased by 99 cents, reaching $83.11 per barrel. The more actively traded August contract rose by $1.08 to $82.92. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures climbed $1...
27 May, 2024, 10.22 PM ISTBudget can ignore fiscal largesse that doesn't necessarily impact election outcome, says PwC’s Ranen Banerjee The government is expected to stick to fiscal prudence in the interim budget, with a 5-10% increase in budget line item allocations. Confidence should be provided that fiscal deficit targets will be met, with reductions in food and fertilizer subsid...
01 Feb, 2024, 08.30 AM ISTFor India, a bit of a cop-out? For the UAE and COP28 president Sultan Al Jaber, also ADNOC's CEO, it was a chance to demonstrate that an oil and gas economy can deliver for the climate-constrained world. The UAE succeeded somewhat. Progress now depends on securing financing for e...
14 Dec, 2023, 11.16 PM ISTOPEC+ agrees on deeper output cuts to avoid renewed surplus Members have agreed to this in principle and it now goes to a vote at the meeting, delegates said, asking not the be named because the information was private.
30 Nov, 2023, 08.37 PM ISTAll eyes on outcome of COP28 amid climate, geopolitical challenges Further, the impact of the two ongoing wars - in Ukraine and Gaza - on energy security and prices, coupled with the pandemic-related economic setbacks, have made the transition to a low-carbon economy ever more challenging. In this backdrop, the dec...
30 Nov, 2023, 06.42 AM ISTOil prices steady ahead of OPEC+ oil production decision U.S. West Texas Intermediate crude were down 33 cents from Wednesday's close, dropping to $76.77. There was no settlement for WTI on Thursday owing to a U.S. public holiday.
24 Nov, 2023, 09.28 PM ISTBrent climbs ahead of OPEC+ oil production decision Brent crude futures gained 29 cents, or 0.4%, to $81.71 at 0213 GMT, after settling down 0.7% in the previous session.
24 Nov, 2023, 07.58 AM ISTSensex surges 406 points on dip in crude prices, US yields; RBI MPC outcome eyed The market capitalisation of all listed companies on BSE increased by Rs 1.21 lakh crore to Rs 317.87 lakh crore. ??From the Sensex pack, L&T, M&M, Titan, TCS, and Maruti closed in the green, while Power Grid, Nestle, NTPC, HCL Tech and Bajaj Financ...
05 Oct, 2023, 04.14 PM ISTOil industry 'central' to climate solutions: COP28 head Sultan Al Jaber "For too long, this industry has been viewed as part of the problem, that it's not doing enough and in some cases even blocking progress," said Sultan Al Jaber, the president-designate of the COP28 talks, who is also the head of UAE state-owned oil ...
02 Oct, 2023, 10.05 PM ISTCrude oil price at 10-month high. Now what’s next? Looking ahead, though a tight supply outlook offers support to oil prices in the immediate run, other catalysts like worries over the global growth outlook and a firm US currency likely to halt major gains. On the price side, US WTI crude has stiff ...
10 Sep, 2023, 09.01 AM ISTBrent oil hits $90 a barrel after OPEC+ extends supply curbs Saudi Arabia and Russia on Tuesday said they would extend voluntary oil cuts to the end of the year, despite a rally in the oil market and analyst expectations of tight supply in the fourth quarter
05 Sep, 2023, 09.30 PM ISTCrude oil prices rise to 3-month high. What’s next? The Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil prices. In October 2022 and April this year, the production cartel decided to cut output of its member countrie...
05 Aug, 2023, 03.21 PM ISTDecoding the surprise move by RBI MPC: Pause, not a pivot In my view, increased global uncertainty, a stable currency in 2023, and the incomplete transmission of previous aggressive rate hikes likely prompted the MPC to take a brief pause in the rate hiking cycle.
06 Apr, 2023, 10.27 PM ISTRBI Impact: Should you stick to bonds, fixed income instruments or is it time to switch to equities? The impact of rate cut was immediately seen in the bond yields, which softened across the tenures, Deepak Jasani, Head of Retail Research at HDFC Securities, pointed out. He, however, cautioned the investors against taking today’s rate pause action ...
06 Apr, 2023, 07.11 PM ISTOPEC+ panel recommends 2 million-barrel cut to output limits The recommendation from the cartel’s Joint Ministerial Monitoring Committee will be discussed by ministers later on Wednesday before they make a final policy decision, delegates said, asking not to be named because the information is private.
05 Oct, 2022, 07.13 PM IST