Oil Seeds & Oils
MCX
Asian shares rise on stronger global risk appitite as oil prices ease
Asian shares rallied on Thursday, taking heart from a late recovery on Wall Street after U.S. politicans appeared near to a temporary deal to avert a federal debt default and as Russia reassured Europe on gas supplies, calming volatile markets.
Oil price surge not always a crude shock for Indian equities
In the past two decades, the benchmark Nifty has rallied in six out of the nine times when crude prices ran up. In the month after the rally, the stock benchmark gained on five out of the nine times. The losses on three out of the four times have been less than 2%.
Saudi Aramco hits $2T valuation on back of higher oil prices
Aramco was trading at around 37.6 riyals a share, or a few cents over $10 a share, by midday Wednesday before dipping to 37.2 riyals a share, or around $9.92 a share. It remains to be seen whether it can hold this rally until trading closes.
Ship's anchor may have caused massive California oil spill
Some reports of a possible spill, a petroleum smell and an oily sheen on the waters off Huntington Beach came in Friday night but weren't corroborated and the pipeline's operator, Amplify Energy Corp., didn't report a spill until the next morning, authorities said.
Govt asks oil & gas companies to present a detailed plan for Hydrogen by month-end
The government is putting together a large plan to adopt green hydrogen as part of the energy transition and expects oil and fertiliser companies to lead it.
Oil at new multi-year highs, Asian shares fall
Asian shares dropped on Wednesday, reversing early gains, after an overnight rebound in U.S. and European stocks as investors shrugged off worries about a potential U.S. government debt default, while oil paused near new multi-year highs.
Global crude oil sends local yields higher
Indian bonds rose to a high of 6.28 percent and is poised to rise more if the RBI hints at tapering liquidity in the policy on Friday. The benchmark finally yielded 6.26 percent Tuesday a tad higher than a day earlier, show data from ETIG.
Oil & gas stocks creating a lot of buzz today. Here's why
Oil marketing companies including Indian Oil, Hindustan Petroleum Corporation, Bharat Petroleum rose 2-3 per cent each. Reliance Industries and Indraprastha Gas also rose marginally.