Shares of domestic oil retailers IOC, HPCL, BPCL rose up to 6% in the mid-morning trades on Monday after Brent, WTI crude oil prices extended losses and hit a two-month low with Brent crude oil declining by $4 a barrel in last 4 days. Shares of state-owned Mumbai-headquartered HPCL (Hindustan Petroleum Corporation Ltd) emerged as […]
Day: June 18, 2018
Oil steady ahead of OPEC, pressured by China tariffs
Oil prices steadied on Monday ahead of an OPEC meeting that is widely expected to increase global crude supply and as investors assessed the impact of a trade dispute between the United States and China. U.S. light crude oil hit a two-month low of $63.59 a barrel before recovering to trade at $64.76, down 30 […]
The Vienna vow: Dharmendra Pradhan says he will ask OPEC for ‘responsible’ crude oil pricing
Oil minister Dharmendra Pradhan on Monday said that he will seek “responsible crude oil pricing” from Organization of the Petroleum Exporting Countries (OPEC) at a meeting being held in Vienna and ensure that oil prices remain within common man’s reach. “The OPEC countries are going to meet in Vienna. India is also going to be […]