India’s Russian imports doubled to USD 20.45 billion during the April-July period of FY24 owing to increasing inbound shipments of crude oil and fertiliser, according to the data released by the commerce ministry . With this, Russia has become India’s second largest import source during the first four months of this fiscal. The imports were … Read more
Demand optimism amid production cuts by Opec-plus countries lifted global oil prices to three-month highs. The most active US NYMEX futures gained almost 17% in July, sending prices well above $80 a barrel level. Tighter supply and expectations that the US Federal Reserve is close to ending its monetary tightening cycle, also aided the positive … Read more
ET is providing these research reports as a complimentary offering to all ETPrime users. Click here to know more. Synopsis In the last one month as more and corners of Dalal street come under control of bulls, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong … Read more
Inflation: Pulses put on display for sale at wholesale grocery market Khari Baoli, Delhi | Photo Credit: Sushil Kumar Verma The latest annual report released by the RBI highlights the factors and disruptors that heightened inflation levels worldwide. It also identifies the specific commodities that affected inflation across different components, like food, fuel and core … Read more
The market is exhibiting caution as it awaits a catalyst, precisely the outcome of the US debt ceiling talks, to determine its next directional move. Despite positive developments, we expect the discussions to widely go down to the wire, resulting in extreme volatility. As a result, we expect the crude prices to trade in a … Read more
Crude oil futures have fallen over 10% on MCX since the Silicon Valley Bank (SVB) crisis was first reported on 9 March. On Thursday, March Crude Oil futures were trading in the green across expiries. Is it an opportunity to book profits? The 20 March crude oil futures were trading at Rs 5,627 per BBL, … Read more
Global oil prices have held relatively steady since November last year. Despite several geopolitical factors affecting its fundamentals, it has been congested inside $83-70 per barrel throughout this period. Amid fears of a global supply glut, the G7-led price cap on Russian oil and Moscow’s plan for a drastic production cut had little impact on … Read more
New Delhi: The Centre on Monday increased the windfall tax on domestically produced crude oil to ₹2,100 per tonne from the existing ₹1,700.The revised tax rate is effective from January 3. The windfall tax on aviation turbine fuel has been hiked to ₹4.5 per litre from the existing ₹1.5 per litre, as per a notification … Read more
India raised the base import prices of gold, crude and refined palm oil, the government said in a statement on Tuesday, as prices rose in the world market. The government revises base import prices of edible oils, gold and silver every fortnight, and the prices are used to calculate the amount of tax an importer … Read more
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil. This week, we saw crude oil prices jump by almost around 10% from Monday’s low in both international as well as … Read more