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Source: Live Mint Stock Market Today: Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), Indian Oil Corporation (IOC) remains in a sweet spot as declining crude prices coupled with expected improvement in refining outlook bode well for their earnings. The same is being reflected in HPCL, BPCL, IOC share prices that have risen…
Source: Live Mint Stock market today: The domestic benchmark indices bounced back from a weak opening on Thursday, driven by optimism in IT stocks due to increased artificial intelligence (AI) spending in the US, although concerns regarding earnings slowdown and US tariffs limited the gains. As of 12:49 IST, the Nifty 50 rose by 0.41%…
Source: Business Standard After a board meeting held on September 30, 2024, IOC opted to cancel the rights issue | Photo: Shutterstock 2 min read Last Updated : Sep 30 2024 | 5:31 PM IST Indian Oil Corporation (IOC) attracted attention on Monday (September 30) following its announcement to withdraw its Rs 22,000 crore…
Source: Live Mint MUMBAI : State-run oil marketing companies (OMCs) are on course to see a marked improvement in their profitability, thanks to the recent drop in crude oil prices amid stable product prices. The average Brent crude price has dropped to about $70 per barrel in September so far from over $80 in August….
Source: Live Mint Brent crude futures have lost nearly 25 per cent year-to-date (YTD) over softer demand and a low-risk premium so far in 2024. At its lowest in the last nine months, the crude oil benchmark declined to a 33-month low at under $70 per barrel due to continued weakness in Chinese economic growth…
Source: Business Standard 5 min read Last Updated : Sep 12 2024 | 12:19 PM IST Crude Oil prices have declined nearly 13 per cent so far in the month of September amid demand concerns from the two biggest world economies – the US and China. In the process, the Crude Oil prices are…
