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Petroleum Prices


Stocks fell on Monday, losing momentum after hitting all-time highs late last week. Commodity prices fell as concerns over the spread of the coronavirus resurfaced, with crude oil prices trending sharply lower. The S&P 500 fell as shares of oil companies such as Occidental Petroleum (OXY), Apache Corporation (APA) and Diamondback Energy (FANG) fell. The …

The sharp rise in domestic prices and the fall in international prices from the peak have meant that the automotive fuel net trade margin is on track to be in line with our estimate for FY22 of Rs 2.5 / l. IOC GRM is low during FY22-TD and diesel crack recovery is critical for GRM …

DUBAI: Saudi Aramco and other Gulf oil producers follow in Abu Dhabi with plans to raise tens of billions of dollars through sale of stakes in energy assets, capitalizing on rebound in crude prices to attract foreign investors. The movements, in a region traditionally possessive of its refineries, power plants and pipelines, highlight the pressure …

Oil futures fell slightly on Friday, after a three-session rise that allowed prices to rebound from Monday’s decline to the lowest settlements since May. “Traders weren’t sure whether the OPEC + deal was bullish, representing continued cohesion, or bearish, signaling more oil in the market,” Michael Lynch, president of Strategic Energy & Economic Research, told …

Gasoline and diesel prices are at an all time high in India. The prices of domestic fuels have risen sharply since the beginning of May. After an 18-day gap, state-run oil marketing companies resumed daily fuel price revisions on May 4. Since then, the price of gasoline has increased by Rs 10.88 per liter and …

Fuel prices remained unchanged today for the third day in a row, but still remained at record highs in the subways given the continued rise in prices in recent months. Gasoline sells for ₹101.84 in Delhi, while diesel at ₹89.87. In India’s financial capital, Mumbai, gasoline is sold to ₹107.83 per liter, while diesel reached …

ANI | Update: Jul 18, 2021 8:28 AM STI Islamabad [Pakistan], July 18 (ANI): The Pakistan People’s Party (PPP) criticized the ruling Imran Khan government for raising the prices of oil and commodities in the country.Former Senate Speaker Senator Mian Raza Rabbani said Pakistan’s Tehreek-e-Insaf government was giving concessions to the elite by removing subsidies …

KARACHI: The Panel of Businessmen of the Pakistan Federation of Chambers of Commerce and Industry (FPCCI) rejected the increase in the prices of petroleum products for the second consecutive fortnight before Eid-ul-Azha, a statement said on Saturday. The government has authorized a price hike for petroleum products and liquefied petroleum gas (LPG) at a time …

Dubai: Dana Gas, a private company in the United Arab Emirates, generated revenues of 678 million dirhams in the first six months from its operations in the Kurdistan region of Iraq and Egypt – its best result in five years. Dana Gas owns a 35% stake in Pearl Petroleum at KRI, and sales of condensate, …

A worker unloads crates of tomatoes from a truck at a vegetable store in Coonoor, Tamil Nadu | Representative image | Dhiraj Singh | Bloomberg file photo Text size: A- A + New Delhi: Inflation based on wholesale prices eased slightly to 12.07% in June, as crude oil and food products experienced some weakening in …