Crude oil price outlook: Sanctions on Russian oil, improved demand outlook may boost prices

 18 Jan 2025 10:15 AM

Oil prices saw a strong start in 2025, with Brent oil rising over 9% in January. Factors such as fresh US sanctions on Russian oil, OPEC+ production cuts, soaring heating demand due to cold winter, and falling US stockpiles contributed to the price increase. China’s economic slowdown in 2024 kept prices relatively stable.

OPEC's share in India's annual oil imports rises after 8-yr drop

 17 Jan 2025 01:36 PM

In 2024, OPEC's share in India's crude oil imports increased for the first time in nine years to 51.5%, as Russia's share fell due to new sanctions. India imported 4.84 million barrels per day, with higher demand for Middle Eastern oil. Russia remained India's top supplier, followed by Iraq and Saudi Arabia.

Why stock market is falling today: Sensex falls over 400 pts; Nifty below 23,200

 17 Jan 2025 01:29 PM

Indian stock markets declined due to drops in IT and banking stocks, with Infosys and Axis Bank reporting disappointing results. Other factors include concerns over US policy changes ahead of Donald Trump's inauguration, rising crude oil prices, a depreciating rupee, persistent FII selling, and global bond yield fluctuations, contributing to market uncertainty.

IOC buys 7 million barrels of Middle East, African oil

 17 Jan 2025 10:03 AM

India's top refiner, Indian Oil Corp (IOC), has purchased 7 million barrels of Middle Eastern and African crude oil via tenders, including a rare buy of Abu Dhabi's Murban, as U.S. sanctions impact supplies from Russia. The acquisitions involve crude from Nigeria, Gabon, and Angola, with prices not immediately available.

Rupee gains 3 paise to 86.58 against US dollar in early trade

 17 Jan 2025 09:43 AM

The rupee rose 3 paise to 86.58 against the US dollar in early trade on Friday on the back of softening American currency. Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities, capping a significant recovery in the Indian currency, forex traders said.

Rupee falls 4 paise to 86.44 against US dollar in early trade

 16 Jan 2025 09:38 AM

The rupee declined 4 paise to 86.44 against the US dollar in early trade on Thursday amid a firm American currency, rising crude oil prices and outflow of foreign funds. However, positive domestic equity markets resisted a sharp fall in Indian currency, forex traders said.

Rupee falls 2 paise to 86.55 against US dollar in early trade

 15 Jan 2025 09:56 AM

The rupee initially gained but then slipped by 2 paise to 86.55 against the US dollar in early trade, influenced by high crude oil prices and foreign fund withdrawal. A retreating US dollar provided some support. Wholesale price inflation rose to 2.37% in December, while retail inflation decreased to 5.22%.

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar in early trade

 14 Jan 2025 09:42 AM

The rupee appreciated 21 paise to 86.49 against the US dollar, supported by easing inflation and crude oil prices. Despite ongoing foreign fund outflows, domestic equity markets showed recovery. The rupee previously hit its lowest level, influenced by the strong dollar and global market trends.

Crude oil-sensitive stocks fall as brent surges over $81 per barrel; HPCL, IndiGo, Kansai Nerolac drop up to 6%

 13 Jan 2025 11:43 AM

Oil prices surged to their highest level in over three months, fueled by concerns that U.S. sanctions on Russia could reduce its oil output. Goldman Sachs indicated that Brent prices could exceed $85 per barrel if Russian production continues to decline.

Will stock market sell-off deepen this week? 6 factors to track

 12 Jan 2025 09:06 AM

Nifty dropped 2.4% amid hawkish Fed commentary, rising dollar index, and a record low rupee. Market volatility will continue with Q3 earnings, FII flows, macroeconomic data, and crude oil prices shaping the outlook. Technical indicators suggest bearish sentiment, with crucial support levels for Nifty at 23,200-23,300.