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Oil Falls on Weak Chinese Data, Hawkish Fed Also Weighs 0
- Market, Stock Market
- November 3, 2022
Oil prices retreated from a three-week high on Thursday after weak economic data from China pointed to more trouble in the world’s largest crude importer, while the outlook for demand was also dimmed by the prospect of higher U.S. interest rates A private survey showed that China’s massive services sector shrank for a second straight
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Oil Extends Rally as U.S. Supplies Tighten Ahead of Demand-Heavy Holidays 0
- Economy
- December 22, 2022
Oil prices extended gains into a fourth straight session on Thursday after inventory data showed that U.S. supplies remained tight ahead of a demand-heavy holiday season, although caution ahead of key economic readings kept gains limited. Data on Wednesday showed that U.S. crude inventories shrank far more than expected in the previous week, with decreases
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Oil Extends Gains on China reopening Hopes, Tightening Supply 0
- Market, Stock Market
- November 14, 2022
Oil prices rose on Monday as markets bet that an eventual scaling back of COVID-19 measures in China will boost the country’s crude demand, while looming curbs on Russian oil shipments also appeared set to tighten supply Crude prices closed last week lower, but rallied sharply on Friday after China said it will loosen some
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Oil cos likely to absorb Rs 2 per litre excise duty on unblended petrol 0
- India
- February 3, 2022
The Rs 2 per litre excise duty on unblended fuel is not likely going to impact most consumers according to officials from oil marketing companies. This additional duty on petrol proposed in the Budget 2022-23 will have to be absorbed by the oil companies instead. Highlighting Centre’s focus, Finance Minister Nirmala Sitharaman said, “Blending of fuel is
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Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. inventory Build 0
- Uncategorized
- February 9, 2023
Oil prices were muted on Thursday as hawkish comments from Federal Reserve officials supported the dollar and brewed some concerns over more interest rate hikes, while U.S. crude inventories also logged a seventh straight week of builds. Hawkish overnight comments from Federal Reserve officials saw markets reassessing their outlook for U.S. interest rate hikes this
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Oil and gas stocks tumble as Brent hits $100 mark on Russia-Ukraine crisis; IGL, RIL, Petronet fall 0
- Business
- February 24, 2022
Stock markets across the world are feeling the heat as Russian President Vladimir Putin announced a military operation in Ukraine to defend separatists in the east of the country. He also vowed retaliation against those who interfere with the Russian Ukraine operation. The Indian stock market following global peers has tumbled over 3 percent with Sensex
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