Tag Archives: Oil

Demonetisation: Ola Partners With Banks, Oil Companies to Help Drivers Go Cashless to Buy Fuel

Cab aggregator Ola on Wednesday announced that it has joined hands with leading banks and oil and gas companies to help driver-partners fight cash crunch post demonetisation of high value currency notes. In Bengaluru, Ola has partnered with BPCL to facilitate the process of obtaining fuel e-vouchers across all BPCL petrol pumps in the city, Ola said in a statement ... Read More »

Oil Prices Remain Near Two-Month Lows As Investors Bet On Weaker Prices

Singapore: Oil prices remained near two-month lows from the previous trading session on Tuesday as financial traders lost confidence in a recent price rally, switching positions in anticipation of lower prices. International Brent crude oil futures were trading at $46.13 per barrel at 0027 GMT, down 12 cents from their last close and near to the $45.90 two-month lows reached ... Read More »

Oil Jumps As Yuan Hits 2016 High; Investors Put Fresh Cash Into Oil

Singapore: Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place. U.S. crude futures were trading at $38.64 a barrel at 0749 GMT, up 80 cents and over 2 percent from ... Read More »

Oil Prices May Have Bottomed, Says IEA

London: Oil prices might have bottomed as production declines in the United States and other non-OPEC producers accelerate and an increase in Iranian supply has been less than dramatic, the International Energy Agency said on Friday. After a spectacular 2015, growth in global demand was slowing – with India and the Middle East being rare pockets of improvement, the IEA ... Read More »

Buy Oil Stocks, Sell ICICI Bank, BHEL: Shrikant Chouhan

Domestic stock markets have fallen sharply ahead of the presentation of the annual budget on Monday. NDTV Profit caught up with Shrikant Chouhan, technical analyst with Kotak Securities, to discuss his trading strategies: Sell ICICI Bank: The stock is trading below its crucial level of Rs 210, it has support around Rs 150-155. In the near term, ICICI Bank can ... Read More »

Asian Stocks Slip as China Markets Slide, Oil Prices Dip

Tokyo: Asian shares slipped on Thursday as crude oil prices seesawed and Chinese shares dived, rekindling anxiety about the impact of high market volatility on the global economy on the eve of a G20 meeting in Shanghai. Still, spreadbetters expected overnight gains on Wall Street to bolster European shares in early trading. “A late rebound in US trading saw US ... Read More »

Shell Lubricants Tells All About Its Newly Launched Synthetic Bike Oil

India is the second largest two-wheeler market after China and Shell understands the opportunity curve very well. The company has been working to make it presence felt in almost every segment with its range of engine oils and recently launched the ‘Advance Ultra 15W-50’ for bikes above 300cc at the recently concluded fourth edition of India Bike Week (IBW), of ... Read More »

US Crude Climbs Further on Iran Support for Oil Output Cap

Singapore: U.S. crude futures rose as much as 3 percent in early Asian trade on Thursday after Iran backed plans by Russia and Saudi Arabia to cap crude oil production at January levels, extending steep gains in the previous session. U.S. crude jumped $1.06 shortly after Asian markets opened, and was trading up 77 cents at $31.43 a barrel as ... Read More »

Essar Oil Sees 7-Fold Jump in Q3 Net Profit to Rs 364 Crore

New Delhi: Essar Oil on Tuesday reported a seven-fold jump in its third quarter net profit at Rs 364 crore on account of record refining margins. The company’s net profit stood at Rs 52 crore in the same period a year ago, it said in a statement. However, total revenue declined 37 per cent to Rs 13,947 crore as oil ... Read More »

Pay for Petrol With Paytm at Indian Oil Pumps

On Friday, Paytm founder Vijay Shekhar Sharma announced via a Facebook post that customers at Indian Oil petrol pumps can pay for fuel using the mobile wallet. The company is enabling this one pump at a time, so for now, only a few pumps accept payments via Paytm. This continues the path for mobile wallets to become a viable alternative ... Read More »