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Dr Fereidun Fesharaki, Chairman of FGE says crude oil is easily likely to exceed $100 due to strong demand growth and balanced inventories, despite the recent production cuts by OPEC.
Crude to touch $100/bbl? Fereidun Fesharaki of FG Energy on oil price projections, supply-demand trends | EXCLUSIVE @FGEnergy #Oil #China #Russia #CrudeOil @Ajaya_buddy
Shares of Oil and Natural Gas Corporation Ltd (#ONGC) gained more than 2% in early morning trade after the government cut all windfall tax on crude oil. #ONGC #WindfallTax #CrudeOil
#MarketsWithBS | Share of #oil companies to be in spotlight after Centre slashed #windfalltax on crude oil. Meanwhile, #CrudeOil zoomed 7% in following #OPEC decision to curtail crude production. @avdhutbagkar reports
#MarketsWithMC | Shares of Oil and Natural Gas Corporation Ltd (ONGC) gained more than 2% in early morning trade after the government cut all windfall tax on crude oil. Details ⬇️ #StockMarket #Stocks #ONGC #WindfallTax #CrudeOil
#MCPro | The OPEC+’s decision to cut crude oil output adds an element of volatility to the fragile market sentiment. In this scenario, what should be the playbook for investors? Find out ⬇️ By @nsharma_01 & @anubhavsays | #OPEC #Crude #GlobalMarket #Oil
#OnETNOW | "OPEC+ decision is a political move," says Mark Matthews of Julius Baer as he shares his thoughts on crude oil prices, outlook for India and more #crude #crudeoil #India
A revision in the windfall tax announced on Tuesday has completely removed the tax on indigenous crude oil. From Rs 3,500 a tonne about a fortnight ago, the tax has been reduced to nil currently.
#OnCNBCTV18 | The #WindfallTax on #crude oil production cut to nil for the first time in 9 months and the #excise duty on #diesel is cut to Rs 0.50/l. @sonalbhutra with all the details
On #OpeningBell 🔔 #Oil cos in focus as govt cuts all windfall tax on crude oil. Financials in focus on Q4 updates from #BajajFinance, #FederalBank & South Indian Bank reporting quarterly & financial year-end numbers & Hindustan Zinc - Vedanta impending deal are on the radar.
From @WSJopinion: A surge in oil prices after Saudi-led producers promise to cut production is a warning to Democrats in the U.S. of how vulnerable they are to oil producers abroad
Business News Headlines Economic Times Ø HZL may not act on proposal to buy Vedanta's zink business Ø SEBI chief briefs SC panel on Adani - Hindenburg issue Ø Centre slashes windfall tax on crude oil to nil Ø Share of low-cost money in deposits dips 2-4% in FY23
#BSMorningShow | On Monday, international oil prices recorded the biggest daily rise in a year, stoking inflation fears. Oil soared to $82.11 per barrel by Tuesday. Will consumers take a hit? Bhaswar Kumar reports @5paisa @DeloitteIndia @madan_sabnavis
The Dow Jones Industrial Average fell on Tuesday as traders assessed a spike in oil prices and what that could mean for the global economy. The Dow fell 0.59% The S&P 500 shed 0.58% The Nasdaq lost 0.52%
The #AsianDevelopmentBank slashed its growth projection for India for 2023-24 sharply from 7.2% estimated earlier to 6.4%, attributing it to the global economic slowdown, tight monetary conditions, and persistently elevated oil prices. | @tragicosmicomic
Oil price stable as markets weigh OPEC+ surprise cuts amid demand woes
Officials said that while nil windfall tax is on account of softening crude oil prices, the tax may be increased based on the next fortnightly review.
Big news for domestic crude oil producers! Centre scraps windfall tax on domestically produced crude oil, effective today!👏 Previously slashed by Rs 900/tonne in March, the new tax rate is now Rs 3,500/tonne.🛢️💸 #oilproduction #taxcuts #economicgrow
India has cut all windfall tax on crude oil from 3,500 rupees ($42.56) per tonne effective from Tuesday, news agency Reuters reported quoting a government notification.
India has reduced windfall tax on crude oil from Rs 3,500 per tonne to Rs 0. Windfall tax on diesel has been cut to Rs 0.50 per litre.
#CRUDEOIL1! - Crude Oil Looking good above 5515 - TradingView -
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