Oil prices dropped on July 9 on taking cues from the latest signs the US-China trade war is dragging on the global economy, although the potential for conflicts in... Read more »
Thinner spreads1 and rising under-recoveries are expected to shave the operating profit margins of oil marketing companies (OMCs) by 150-170 basis points (bps) this fiscal, even as crude prices... Read more »
State-run Hindustan Petroleum Corporation Ltd (HPCL) reported a 70% rise in its net profit, helped by inventory gain and rupee appreciation that offset a dip in refinery margins. Net... Read more »
Oil had longer gains after rising to a six-month high Monday as the Trump administration said it will no longer give any country a pass on sanctions barring purchases of... Read more »
President Trump’s concern on high oil prices in a fragile global economy sends crude oil prices tumbling. “Oil prices getting too high. OPEC, please relax and take it easy.... Read more »
Crude oil prices fell low on Monday after gains during the previous session. There were expectations of shrinking supply and signs that China-U.S. trade tensions would ease. That could... Read more »