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Latest Crudeoil News

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ONGC invests Rs 81890cr to raise output & boost discoveries

19-09-2014| Source:PTI

"Our major oil and gas producing fields are ageing and showing natural decline," ONGC Chairman and Managing Director Dinesh K Sarraf told shareholders at company's AGM. However, ONGC has

Govt mulls excise duty hike on unbranded diesel  

18-09-2014| Source:CNBC-TV18

Government is currently considering a proposal to hike excise duty on unbranded diesel on the back of softening crude oil price, and oil marketing companies reporting a marginal gain of 35 paise

Sell MCX Crude Oil; target of Rs 5700/5670: Karvy

18-09-2014| Source:Moneycontrol.com

Karvy has recommended to sell MCX Crude oil at Rs 5750/5755 for the target price of Rs 5700/5670 with a stop loss above Rs 5805, in its research report dated September 18, 2014.

Buy MCX Crude oil; target of Rs 5835/5860: Karvy

17-09-2014| Source:Moneycontrol.com

Karvy has recommended to buy MCX Crude oil at Rs 5750/5758 for the target price of Rs 5835/5860 with a stop loss below Rs 5720, in its research report dated September 17, 2014.

Oil steadies below $99 on talk of OPEC output cut

17-09-2014| Source:Reuters

Many OPEC countries need oil prices above USD 100 a barrel in order to meet their budget needs and analysts say Saudi Arabia, OPEC's biggest producer, could cut production in an effort to support

ICRA pegs tyre industry to grow at 8% in 2014-15

16-09-2014| Source:PTI

The decline in natural rubber and crude oil prices would provide the requisite headroom for passing on some benefits to the consumers, it said.

Positive on OMCs, pharma; overweight on pvt banks: Emkay  

16-09-2014| Source:CNBC-TV18

The house continues to remain positive on oil marketing companies on back of expected reforms and disinvestments. The reduction in crude prices has been an added advantage says Sinha.

Palm oil futures may trade on mixed note: Angel

15-09-2014| Source:Moneycontrol.com

Palm oil futures are expected to trade on a mixed note. Positive BMD prices and festive demand may support prices. However, comfortable supplies may cap the upside and pressurize prices. Prices may

Sell MCX Crude oil; target of Rs 5570: Karvy

15-09-2014| Source:Moneycontrol.com

Karvy has recommended to sell MCX Crude oil at Rs 5630-5625, for the target price of Rs 5570 with a stop loss of Rs 5665, in its research report dated September 15, 2014.

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