oil

Oil's uptrend remains intact

Oil's price hasn't rebounded, but many features of the commodity's performance suggest the bear is not in command of this market, Daryl Guppy writes.




oil

Oil uptrend continues and could reach $87

All the support features and the trend strength continue to suggest that oil price is experiencing a temporary retreat, but the longer term trading band target is near $87, according to Daryl Guppy.




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Toilet roll keepie-uppies: sports stars' coronavirus lockdown challenge – video

With the sporting calendar on hold during the coronavirus pandemic, football stars around the world are challenging each other to perform tricks with loo roll as part of the #stayathomechallenge to encourage fans to practise social distancing

Continue reading...




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I got intimate with one of my lodgers and now I'm in turmoil

I have always maintained a professional relationship with my two female lodgers but spending more time together recently led to a lapse in judgment

I share my house with two female lodgers. We’re all single at the moment but we have always maintained a professional relationship with each other. In the current circumstances, we are obviously spending more time together. The other week, the inevitable happened. After a few drinks, I ended up getting intimate with one of them on the sofa. The following day, she didn’t bat an eyelid but we agreed to put it down to too many beers.

The thing is, I now see her in a new light. She is 20 years younger than me and I find her sexually attractive. I’m struggling to keep that line drawn. We still have a great relationship, sharing drinks and a chinwag, but I feel different. Should I tell her how I feel and run the risk of everything going pear-shaped?

Continue reading...








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Bought enough toilet paper? Check this online calculator

Worried about whether you have enough toilet paper for the coronavirus lockdown? A German website can tell you how long your supply will last.




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Novelty toilet roll cakes keep Finnish baker in business

A quick-thinking Helsinki bakery has saved itself from financial ruin due to the new coronavirus pandemic by creating a cake that looks like a toilet roll.




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Roll Your Own – Toilet Paper

Toilet paper has become a hot button issue over the last month or so, and the pandemic prompted panic buying, and consequent shortages. Now there are adequate supplies, at least where this is being written, but sometimes one’s rolls aren’t the domestic items we’re all used to. This happened to …read more




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15 DAYS TO GO! Germany deadly on home soil

Germany netted 15 goals at the FIFA Confederations Cup in 2005, the biggest haul by a host nation at the Tournament of Champions. Die Mannschaft would go on to record a third-place finish that year, defeating Mexico 4-3 (AET) in the semi-finals.

 

 




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59-year-old man beaten to death for using public toilet for long time

In a shocking incident that took place in the eastern suburbs of Mumbai, a 59-year-old man was beaten to death after a fight broke out for using a public toilet for a little longer. The elderly man was killed in a spat over using the public for a longer time. The incident took place on Wednesday night.

As reported in Mumbai Mirror, the incident took place on September 19, in the Sangam Nagar area located in Wadala East. The accused was identified as Shakir Ali Shaikh (34) who had an argument with Yadav when he used the public toilet for a little longer. When the locals intervened and prevented the altercation the two left the argument and left from there. Later, when Yadav was walking back home, Shaikh attacked him and hit him until Yadav fell into a nullah. 

After the local residents took notice of the fact that Yadav had fallen into the nullah, they rushed to his aid and immediately took him to the nearest hospital where the doctors declared him dead on arrival. The Wadala TT police have arrested the accused and have registered a case.

A police officer from Wadala police station was quoted saying, "Yadav worked with a transport company and offered driving lessons. We have registered a case and arrested the accused."

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates





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Bid to withdraw Rs 26 crore from TMC by forged signatures foiled

Unidentified persons allegedly tried to withdraw nearly Rs 26 crore through cheques by forging signatures of senior civic and health officials from Thane district in Maharashtra, police said on Sunday. However, their attempts were foiled by alert bank officials, a police spokesperson said.

Two banks informed the Thane Municipal Corporation (TMC) that some unidentified persons came to their branches in Pune and Chennai in the last few days carrying cheques worth around Rs 26 crore and bearing signatures of civic commissioner Sanjeev Jaiswal and health officer R T Kendre, the official said. They informed the TMC that these persons wanted to deposit the cheques in favour of some private organisations.

On cross-checking with the TMC about such high-value cheques, the banks got to know that those were not issued by the civic body, she said. Later, during verification, the cheques were found to be carrying forged signatures and stamps of the senior civic and health officials, she said.

Based on a complaint by the civic body, an offence was registered on Saturday against unidentified persons under various Indian Penal Code sections for forgery and cheating, the police spokesperson said. No arrest was made so far, she said, adding that a probe was underway in the matter.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever





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Mere Pyare Prime Minister Film Review: Toilet: Eklame katha!

Mere Pyare Prime Minister
U/A: Social drama
Dir: Rakeysh Omprakash Mehra
Cast: Anjali Patil, Om Kanojiya
Ratings: 

What's the first thing you wonder about this film, given its title, and the fact that no head honcho of a democratic state in world history has ever had as many biopics - shorts, docs, features, web-series - simultaneously being made on him/her, even while they're still in office?

So, well, no, this isn't really a film on Prime Minister Narendra Modi. Or it is, only by suggestion, since a boy writes a letter to the PM, which would be Modi (who else), but we don't see his lookalike on screen (unlike Uri, and many others in the pipeline).

Be that as it may, a film that focuses on the problem of urban, open defecation, the eradication of which should be on the agenda of every corporator/legislator, and of course the PM (current, or ones to follow), belongs to proper public service advertising/announcement (PSA) space, rather than propaganda of any kind.

Why are your suspicions slightly legit still? For it's hard to explain why the filmmakers would go ahead with this PSA script (unless they're genuinely struggling, or been forced into coming up with one), when every element here has been dished out plenty of times before, and there is no attempt to top any of it either.

Check out the trailer here:

And you could go right from trying to meet, or connect, with a head of state (I Am Kalam, My Name Is Khan), to detailing life among kids in a Mumbai slum (Salaam Bombay, Slumdog Millionaire), or in general, the Mumbai slum itself (Dharavi, Gully Boy), to addressing head-on how the poor in India (men, but women, in particular) have to bear the burden of shitting in the open, because there are no frickin' loos, which is what the rather entertainingly done, recent Akshay Kumar picture, Toilet: Ek Prem Katha, was all about.

Even as a peek into the lives of Mumbai slum-dwellers, who constitute about half the metropolis, the Iranian Majid Majidi's Beyond The Clouds (2017) seemed a far more perceptive, original and thought-provoking take, than this local, thoroughly distant, predictably upper-class view of the lives of the downtrodden others, with every conceivable cliche that must dictate it - rape, domestic violence, drunken males, and Sheela Ki Jawani, Baby Doll type of Bollywood songs/entertainment as the only route towards momentary escape.

This is the sort of film that ideally aims to ride on its supposedly noble intentions alone, rather than engaging characters or story, the gist of which is that there's a little boy (a wonderfully cast Om Kanojiya), who does odd jobs selling newspapers, condoms, etc.

He shares a lovely bond with his single mother (Anjali Patil). He writes a letter to the PM hoping for a public toilet in his slum. That the right to shit in peace must involve a petition to the PM, no less, is tragic enough. That you don't feel for anyone in this film (let alone, the issue), with the camera hovering around a bunch of parallel songs/story-lines, aimed to extend a simple short film into a full-length feature, is perhaps worse.

Also Read: Watch video: The fun-filled making of Mere Pyare Prime Minister's title track

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Mini Mathur and Saransh Goila discuss food across TV, web and social media


Chef Saransh Goila and TV personality Mini Mathur at Silver Beach Cafe, Juhu. Pics/Pradeep Dhivar

The glass walls overlooking a quiet street at Silver Beach Café are misty. Chef Saransh Goila is early and orders a plate of Eggs Benedict, Beetroot Cous Cous Salad and a glass each of orange and carrot juice, choices that TV host Mini Mathur is happy with when she walks in. "The last time we met we were both drunk," Mathur says animatedly. Both TV stars are currently hosting digital food shows. Goila has married his two loves — fitness and food — for his Facebook show Run to Eat (Singapore). Mathur has been cooking with Bollywood stars for her show The Mini Truck. One is a trained chef and the other a home cook, but when they speak, their love for rich traditional food takes over.

Sabhnani: How did an erstwhile vegetarian chef move to selling butter chicken?
Goila: In Delhi, my vegetarian family was tired of eating sweet paneer. So I smoked the gravy for them. That's how I came up with it. My friends in Mumbai loved it. We are actually Goels, my great-grandfather changed it to 'Goila'. When I was opening Goila Butter Chicken, my dad got calls asking him, 'Can't he just call it Saransh's Butter Chicken?' Once I graduated, I realised you cannot be a chef who is vegetarian.
Mathur: Mera butter chicken khaake dekho, hum bhi Dilliwalle hai! I am a Kayasth married to a Hyderabadi. Both the families are very proud of traditional recipes. I hate bastardised versions of food — if someone gave me Szechuan dosa, I'd spit on them! Every Diwali, I pickle six kilos of aloo or chana for achaar. I will make some for you and you can give me butter chicken instead.

Sabhnani: Your new shows are shot internationally, though…
Mathur: My next show, Mini Me, is about a bad**s mum travelling with her seven-year-old. We went to 15 cities across six countries in Europe in 25 days. It was originally shot for digital viewing, but a channel picked it up.
Goila: Run to Eat (Singapore) was originally supposed to be shot in India, but I didn't get support from the state tourism boards.

Sabhnani: You must have collected many stories while shooting.
Goila: Once, on an uphill trek in Himachal, we saw a tree full of apples. As soon as I plucked one, I slipped. I quickly grabbed a branch or I would have rolled down the hill. Things you do for apples and shots!
Mathur: Sunny Leone is such a cool woman. When she shot for my show, she said things like, 'Now let's grind.' I had to control my crew.



Sabhnani: Was the shift to digital platforms a natural progression?
Mathur: Digital is the future. The problem is figuring out how to monetise it.
Goila: Every time I enter a house party, there is a group of people watching something on their phones. My mom wants a Chromecast!
Mathur: People are waking up to the fact that watching TV at an appointed time is not necessary.



Eggs Benedict, Beetroot Cous Cous Salad and juices arrive
Goila: My plate looks beautiful! They have made an effort.
Mathur: Do you always shoot your food before you eat? The whole thing of 'let's tuck in yaar' is not happening any more.

Sabhnani: The impact of social media is huge...
Goila: People explore social media, and not colleges, for learning, which is fine. But one out of 100 people succeeds that way.
Mathur: I mostly find positivity on Instagram and YouTube. Twitter is a different universe.
Goila: Sometimes you have to choose to ignore it [trolls]. It's also driven by brands and PR.
Mathur: Today, you can backslap a star online and say, 'Hey, I don't like your moustache!'

Sabhnani: Do looks matter?
Goila: I am not the best-looking chef in the country. I generally believe in fitness (I used weigh 93kg). You can't judge a chef by his belly, though.
Mathur: If you are good-looking, it can't harm you.

Sabhnani: Dilliwallah's take on Mumbai's food?
Mathur: I love Maharashtra's coastal cuisine. Mumbai should give up on chaat; vada pav is your thing. The Mughlai scene is better in the north.
Goila: The international cuisine spread is better in Mumbai.
Mathur: Eat food at the place where it comes from. Don't go asking for vada pavs in Delhi.


Quick takes




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Spoiler Alert: Doesn't Amazon Prime's web show Upload remind you of Black Mirror's San Junipero episode?

Welcome aboard! But before you read this one, let us be clear that the next few paragraphs are filled with nothing but spoilers. If you are nerd enough to gorge on all the sci-fiction shows the web throws at you, you've landed on the perfect page. Amazon Prime Video released a good sci-fi show, that has a hint of comedy and a dash of romance and drama, on May 1, 2020, and we couldn't help but binge on this one.

Black Mirror, the popular Netflix show, which gave us some good dark and gritty content to watch out for, has kind of an uncanny resemblance to this show. How, you ask? An episode on Black Mirror showed an alternate world where people who die can move to a place named San Junipero, and live an afterlife on their own terms. Watching Upload, you'll surely be reminded of that episode.

Here we have four reasons that make Upload a good watch:

A futuristic approach

As the lockdown extends, and so does our watch-list (of course, it is a never-ending one), we have got you the scoop on one more show, and this time, it is a futuristic approach towards the afterlife of a human. In the new show Upload, our loved ones or us, 'upload' our memories and special moments on a database, which will help you to experience everything, just like a living person. Even the seven sins of a human -  pride, greed, wrath, envy, lust, gluttony, and sloth, have been shown by the great brains who work on the artificial intelligence of this 'afterlife heaven'.

A life, after life

Okay, so the essence of this entire show lies in the afterlife of people who have decided to 'upload' themselves, and live a kingsize life in a virtual world. This manmade heaven is no less than a fairyland, where everything is just happy and the way we want it. But, the only glitch in this virtual world is the bugs and the viruses. Just like our real-world has problems, the digital world created beyond the horizon by some great nerdy minds have to face multiple technical difficulties.

Watch the trailer of Upload here:

A gamer's show

The show Upload starts with a brat Nathan Brown (Robbie Amell), who is deeply in love with his girlfriend Ingrid (Allegra Edwards). The duo sees their future together, but Nathan's death faults Ingrid's plan. To keep him forever, she uploads his memory and avatar in an afterlife - Horizen - and what comes next is AI personified! Video game lovers will connect with this show for real. The only difference is one doesn't have to sit with a joystick to select the next move.

A reimagined heaven

Upload shares a materialistic world which many people mistake for life and realise it once everything is gone for real. Nathan experiences the same thing when he meets his angel, Nora (Andy Allo), given by Horizen, to guide him. She not only becomes his 'guiding angel' but also helps him solve the mystery behind his sudden death caused due to a technical glitch in his auto-driven car. What comes next is kind of predictable.

The entire struggle to maintain a lifestyle in the afterlife will make you cringe about the world's perception of leading a good life, and also an afterlife. This show will actually make you think about what went wrong with these people.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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oil

Tax-News.com: Russia To Overhaul Taxation Of Oil And Gas Regime

Russia's Energy Ministry has announced that changes to the tax treatment of the oil industry will take place, but potentially not until 2019.




oil

All About the 30% Crash in Crude Oil - 10 Points

Posted by Equitymaster
      

Crude oil prices crashed more than 30% on Monday.

In fact, this was the worst price dip since the 1991 Gulf War as Brent prices plunged to US$ 31 per barrel.

Here are 10 key things you need to know about the economics of falling crude oil prices:

  1. Oil prices have collapsed thrice because of demand destruction: in 1979, 2008, and 2014.

    1979: The trigger for oil price increase was the Iranian Revolution and the Iran-Iraq war. Due to this, oil prices rose from US$ 50/barrel to above US$ 100/barrel between January 1979 and April 1981. Then, new production from the North Sea, Mexico, Alaska, and Siberia flooded the market. By March 1986, prices had fallen to US$ 27/barrel.

    2008: Oil touched US$ 150/barrel and was quickly followed by the financial crisis and recession which led to crash in crude oil prices as well.

    2011-2014: Oil was above of US$ 100/barrel, several years of triple-digit oil prices led to a near doubling of shale production in the US, a volume that helped trigger the crash in 2014.

  2. 2016: Saudi Arabia and Russia came together to form the so-called OPEC+ alliance after oil prices plunged to US$ 30 a barrel. Since then, the two leading exporters have orchestrated supply cuts of 2.1 million barrels per day.
  3. 2019: Prices went on to witness huge volatility in 2019 amid declines in US inventories and rising geopolitical tensions in the Middle East and the world's two biggest oil consumers - United States and China.
  4. July 2019: The OPEC and allies sat to discuss whether to extend a deal on cutting 1.2 million barrels per day of oil production. Owing to the above geopolitical tensions, weaker demand outlook, and oversupplied market, the OPEC and allies rolled over their production cuts into March 2020. Volatility intensified further in July after US oil producers in the Gulf of Mexico cut more than half their output in the face of a tropical storm and as tensions continued in the Middle East.
  5. March 2020: Saudi Arabia wants to increase the cuts to 3.6 million barrels per day through 2020 to check the weaker consumption. However, Russian President Vladimir Putin, refused to go along with the plan and his energy minister, Alexander Novak signaled a fierce battle to come for market share when he said countries could produce as much as they please from April 1.
  6. 9th March 2020: Crude oil prices fell 31% on Monday after Saudi Arabia launched an oil price war with Russia. Saudi Arabia slashed prices and said it is preparing for a big increase in crude oil production in April. Prices were cut by US$ 4-6 a barrel to Asia and US$ 7 to the United States for April delivery. Saudi Arabia reportedly prepares to increase its crude production above 10 million barrels per day (bpd) in April, after the current deal to curb production expires at the end of March. A major reason for these production cuts is also to arrest the swooning oil prices owing to the novel Coronavirus outbreak.
  7. Worse than the Previous Crashes: The current situation is more worse than the November 2014 crash, when such a price war was started, as it comes to a head with the significant collapse in oil demand due to the Coronavirus outbreak. It also reflects the deep underlying concern of a lack of consensus among the OPEC nations regarding production cuts.
  8. Impact on Indian Economy: The drop in crude oil price bodes well for India as it imports more than 80% of its oil requirements, with nearly 60% of them imported from the Middle East. Since oil imports form a large chunk of India's imports, it contributes to the country's trade deficit and a fall in prices will trim this deficit. Savings on oil imports could also arrest rising inflation and facilitate the next round of rate cuts by the Reserve Bank of India (RBI).
  9. Industries to Benefit: On an industrial level, the price cut will have a beneficial impact on companies from synthetic fibre producers, tyre, paints, lubricants, plastic, and FMCG sectors that depend on crude oil as their primary raw material.
  10. On the consumer level, there could be a fall in retail prices of gasoline and diesel over the next few weeks as oil companies cut retail prices to pass on the decline in crude oil prices.

Going ahead, market participants are expecting crude oil prices to remain low until OPEC+ resets oil production again.

Vijay Bhambwani, editor of Weekly Cash Alerts at Equitymaster, states that at this point in time, short selling natural gas & crude oil at significantly higher levels for the coming summer are high conviction trades. To know more about his view and positions, you can check out his recent article here: Energy Markets Get Muddy (requires subscription).

He's also shared his views on the ongoing "coronavirus" situation where he talks what's around the corner for crude oil, and how one should position oneself for potential gains. You can check this special podcast episode from Investor Hour here:

Well, then...these are some major highlights crude oil markets witnessed in the past and present and how they have been impacting crude oil prices.



This article (All About the 30% Crash in Crude Oil - 10 Points) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




oil

Equity indices fall by 2.6 per cent as US oil prices dip below zero dollar a barre

Equity benchmark indices slipped by 2.7 per cent during early hours on Tuesday in line with Asian peers after US oil prices slipped below zero dollar a barrel in overnight trade.

US crude futures turned negative for the first time in history following a collapse in oil demand as the coronavirus pandemic derails the global economy.

At 10:15 am, the BSE S&P Sensex was down by 870 points or 2.75 per cent at 30,778 while the Nifty 50 edged lower by 248 points or 2.69 per cent at 9,013.

Except for Nifty pharma and FMCG, all sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 5.2 per cent, auto by 5.1 per cent and private bank by 4.3 per cent.

Among stocks, index heavyweight Reliance Industries fell by 3.93 per cent to Rs 1,195.60 per share. Metal majors Hindalco dropped by 8.9 per cent at Rs 106.10 per share while Tata Steel lost by 7.1 per cent and Vedanta by 6.6 per cent.

Auto major Maruti skidded by 6.8 per cent to Rs 4,964.70 per share and Tata Motors by 5.2 per cent.

Private lenders IndusInd Bank, Axis Bank and ICICI Bank dipped by 6.7 per cent, 6.1 per cent and 5.8 per cent respectively.

However, those which gained were Dr Reddy, Cipla, Nestle India, Hindustan Lever and ITC.

Meanwhile, Asia shares were in the negative zone after an overnight tumble at Wall Street with US crude futures turned negative for the first time in history. However, it bounced back into positive territory this morning.

MSCI's broadest index of Asia Pacific shares outside Japan fell half a per cent. Japan's Nikkei fell by 2.26 per cent while Hong Kong's Hang Seng lost by 2.38 per cent and South Korea's Kospi slipped by 1.67 per cent.

Overnight stateside, the Dow Jones Industrial Average closed 592 points lower at 23,650, the S&P 500 slipped by 1.8 per cent to end its trading day at 2,823 and the Nasdaq Composite pulled back 1 per cent to close at 8,561.

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oil

US oil prices turn positive, another bloodbath expected Tuesday

Oil is doing something that is even making Market veterans shake their heads in wonder. After shedding more than 300 per cent or $56 a barrel in one single day on Monday, the West Texas Intermediate (WTI) crude for May delivery gained some ground early on Tuesday, recovering 103 per cent to come back in the positive zone at $1.35 a barrel.

But analysts expect that bloodbath in US oil market may continue well into Tuesday when May future contracts are expiring and traders still left with long positions facing actual delivery of oil may look to liquidate their stock even if they have to pay to do this. In simple terms this means that traders do not want to store crude by taking actual delivery for May and incur cost while not finding any buyers in the absence of demand that has also shrunk sharply by more than a third in Covid-19 pandemic.

"We could again see price of oil in US going into the negative zone on Tuesday. But this could be a lot less sharper than what was witnessed on Monday," said an oil sector analyst asking not to be named.

He said that lower oil prices bore good for India but how much oil companies can gain from US fall is uncertain as the Indian oil companies are not very active in the US markets and trade very small quantities in the spot market. Still some of this oil could be contracted if freight arrangements are worked out on time.

While US oil has shown significant fall, Brent has maintained a fairly steady path. The benchmark Brent oil is still hovering at $ 25 a barrel. The US WTI for June delivery is still keeping its heads up at over $ 20 a barrel. But it would be seen if Covid-19 situation improves in coming days and demand picks up. Otherwise, June oil futures can go the May way.

The decline of oil prices comes despite the recent output cut agreement between the Organisation of the Petroleum Exporting Countries (OPEC) and its allies.

There were hopes that agreement would stabilise oil prices, but with the Covid-19 pandemic continuing, there has been a large slip in demand that is not letting a pick-up in oil prices.

The current market is oversupplied on shrinking demand, creating a situation of free fall for crude.

The price of oil has now reached a point that it is increasingly becoming difficult for higher cost producers to remain in operation and rather look at declaring bankruptcy.

A lot of US shale producers are in deep trouble and analysts expect that low oil price for few more months will result in a spate of bankruptcies in the US.

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oil

Oil market crashes further after US's historic low

The oil market plunged further on Tuesday on concerns over a collapse in demand as the pandemic leaves factories, cars and airplanes idled around the world. The extreme volatility in energy markets highlights investors' worries about the duration of the Coronavirus outbreak and its impact on the economy.

That is in turn weighing on financial markets more broadly, including stocks. The benchmark US oil contract was down $4.78 at just $15.65 per barrel on Tuesday, having traded as low as $11.79 a barrel at one point. The drop comes a day after the price of oil fell below zero on Monday, partly due to technical factors as traders shifted from one futures contract to another. The US oil contract for delivery in May settled at -$37.63 per barrel on Monday, an indication that investors don't want to be left holding oil at a time when storage facilities are almost full and demand is at its lowest since the mid-1990s. The tumult in the oil market reflects uncertainty over where the world economy will head as governments begin to loosen controls imposed to contain the coronavirus.

"We could merely be in the eye of the hurricane as the epicenters of its rage remain centered around demand devastation and crude oil oversupply," Stephen Innes of AxiCorp. said in a commentary. "At a minimum, oil prices will be the last asset class to recover from lockdown" and only when travel restrictions are lifted, he said. Brent crude, the international standard, dropped $45.72 to $19.85. "The historic drop in WTI prices is an indication of the downward pressure which many other crude oil grades could face, given the oversupply situation," Sushant Gupta of Wood Mackenzie said. The volatility in energy markets unsettled stock markets as well. with Germany's DAX stock index losing 3.3% to 10,319 and the CAC 40 in France shedding 3.2% to 4,384. Britain's FTSE 100 declined 2.6% to 5,664.

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oil

CASTROL INDIA Surges by 6%; BSE OIL & GAS Index Up 1.4%

Posted by Equitymaster
      

CASTROL INDIA share price has zoomed 6% and is presently trading at Rs 131.

Meanwhile, the BSE OIL & GAS Index is at 11,694 (up 1.4%).

Among the top Gainers in the BSE OIL & GAS Index today is CASTROL INDIA (up 5.7%).

Over the last one year, CASTROL INDIA has moved down from Rs 149 to Rs 131, registering a loss of Rs 18 (down 12.5%).

On the other hand, the BSE OIL & GAS has moved down from 15,092 to 11,694, loss of 3,398 points (down 22.8%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were INDRAPRASTHA GAS (up 52.7%) and RELIANCE IND. (up 15.1%).

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now

What About the Benchmark Indices?

The BSE Sensex is at 32,089 (up 1.5%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.3%), HUL (up 3.3%) and KOTAK MAHINDRA BANK (up 2.9%). Other gainers include RELIANCE IND. (up 2.7%) and AXIS BANK (up 2.4%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 9,383 (up 1.4%). The top gainers in the NSE Nifty include INDUSIND BANK (up 3.9%), DR. REDDYS LAB (up 3.5%) and KOTAK MAHINDRA BANK (up 3.2%). Other gainers include INDIABULLS HOU. FIN. (up 3.2%) and HUL (up 2.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.63%).

CASTROL INDIA Financial Update...

CASTROL INDIA net profit stood at Rs 3 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 2.1% to Rs 10.1 billion during the period as against Rs 10.3 billion in October-December 2018.

For the year ended December 2018, CASTROL INDIA reported 2.4% increase in net profit to Rs 7.1 billion compared to net profit of Rs 6.9 billion during FY17.

Revenue of the company grew 1.4% to Rs 39 billion during FY18.

The current Price to earnings ratio of CASTROL INDIA, based on rolling 12 month earnings, stands at 15.6x.

This article (CASTROL INDIA Surges by 6%; BSE OIL & GAS Index Up 1.4%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




oil

Tax-News.com: India To Amend GST Rates On Oil, Gas Industry

India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry.




oil

Tax-News.com: Malaysia Announces Palm Oil Export Tax Rate For Sept

Malaysia has decided to keep the crude palm oil export duty at 5.5 percent next month, despite higher Indian taxes on imports, which are expected to dent demand.




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Common Toiletry Antimicrobial Compound Prevents Malarial Spread

Target genes in the malaria parasite can be inhibited by triclosan, an antimicrobial compound used in soap, toothpaste, deodorant and many other products, finds a new study.




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Coconut Oil Reduces Metabolic Syndrome Features

In animal study, small amount of coconut oil was found to decrease the features of metabolic syndrome, a cluster of risk factors that raise the chances





oil

EurekAlert.org: Interdisciplinary approach the only way to address devastating effects of soil erosion

Soil erosion can have a devastating impact on traditional farming landscapes in developing countries. But its effects can only be fully addressed through significant advances in interdisciplinary scientific and societal approaches, according to new research.




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Highly Refined Mineral Oil Use is Safe in Cosmetics Says Study

Highly refined mineral oils are safe to be used in cosmetics assures German Federal Institute for Risk Assessment (BfR) and its related study. The




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Fish Oil may Prevent Breast Implant Complications

One of the most common complications in cosmetic breast surgery is capsular contracture. A new study investigates to see if omega-3 fatty acids can prevent or reduce capsular contracture.




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Sink Drains Near Toilets in Hospital Rooms Harbor Dangerous Bacteria

iKlebsiella pneumoniae/i carbapenemase (KPC) is commonly found in sinks located near patients toilets in hospital rooms. These sinks act as reservoirs




oil

immediate job opening for oil & gas

Company: Diraa HR Services
Qualification: Bachelor Of Technology (B.Tech/B.E), Diploma
Experience: 0 to 5
Salary: 3.20 to 6.70
location: Chennai, Coimbatore
Ref: 24817296
Summary: BE Mech experience in Power projects or in oil&gas projects making proposals and tender preparation& finalising orders.....




oil

Rs.50 Cr OIL Start-Up Fund For New Ideas In Oil & Gas Sector

Oil India Limited (OIL) has set up an OIL Start-Up fund of Rs.50 crore to encourage new "out of the box" ideas related to the oil and gas sector, particularly in the Northeast.




oil

Caught on camera: Boiler explodes at NLC plant in Tamil Nadu's Cuddalore, 7 injured

A boiler explosion has been reported at Neyveli Lignite Corporation in Tamil Nadu's Cuddalore. Around seven people have been injured in the incident.




oil

The Oil and Coal Market Is Bogus. It's a Setup, That is Destroying The Macro Consumer Market

The Oil and Coal Energy Market Is Bogus. It’s a Setup, That Is Destroying the Macro Consumer Market.

November 21,...




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Oil And Gas,Petroleum And Gas,Refinery And Gas,Civil Engineering,Construction,Drilling Engineer

Company: M Gheewala Global Hr Consultants
Qualification: Diploma, Masters of Architecture (M.Arch), Post Graduate Programme in Management for Executives (PGPX), PhD, Other
Experience: 9 to 19
location: United Arab Emirates
Ref: 24788440
Summary: Jovan General Petroleum LLC (Dubai) intends to invite....




oil

Low oil prices and monetary easing triggering modest acceleration of global recovery

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.




oil

Low oil prices and monetary easing triggering modest acceleration of global recovery

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.




oil

Canada Exports of Crude Oil and Crude Bitumen

Exports of (bop) - Crude Oil and Crude Bitumen in Canada decreased to 6305.10 CAD Million in March from 6551.20 CAD Million in February of 2020. Exports of (bop) - Crude Oil and Crude Bitumen in Canada averaged 2866.61 CAD Million from 1988 until 2020, reaching an all time high of 8640.80 CAD Million in May of 2014 and a record low of 277.10 CAD Million in November of 1988. This page includes a chart with historical data for Canada Exports of (bop) - Crude Oil And Crude Bitumen.




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Canada Exports of Cleaning Products and Toiletri

Exports of (bop) - Cleaning Products and Toiletri in Canada decreased to 310.10 CAD Million in March from 320.70 CAD Million in February of 2020. Exports of (bop) - Cleaning Products and Toiletri in Canada averaged 143.42 CAD Million from 1988 until 2020, reaching an all time high of 341 CAD Million in August of 2019 and a record low of 12.40 CAD Million in February of 1989. This page includes a chart with historical data for Canada Exports of (bop) - Cleaning Products And Toiletri.




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Iraq Crude Oil Rigs

Crude Oil Rigs in Iraq decreased to 58 in April from 61 in March of 2020. Crude Oil Rigs in Iraq averaged 45.70 from 2009 until 2020, reaching an all time high of 96 in June of 2014 and a record low of 0 in June of 2009. This page provides - Iraq Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Angola Crude Oil Rigs

Crude Oil Rigs in Angola increased to 7 in April from 6 in March of 2020. Crude Oil Rigs in Angola averaged 6.32 from 1995 until 2020, reaching an all time high of 18 in February of 2014 and a record low of 1 in January of 2000. This page provides - Angola Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.




oil

Low oil prices and monetary easing triggering modest acceleration of global recovery

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.




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South Africa Imports of Animal & Vegitable Fats & Oils

Imports of Animal & Vegitable Fats & Oils in South Africa increased to 1037.68 ZAR Million in March from 767.27 ZAR Million in February of 2020. Imports of Animal & Vegitable Fats & Oils in South Africa averaged 762.05 ZAR Million from 2014 until 2020, reaching an all time high of 1221.56 ZAR Million in November of 2017 and a record low of 336.58 ZAR Million in January of 2015. This page includes a chart with historical data for South Africa Imports of Animal & Vegitable Fats & Oils.




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South Africa Imports of Animal Or Vegetable Fats & Oils CMLV

Imports of Animal Or Vegetable Fats & Oils CMLV in South Africa increased to 2878.80 ZAR Million in March from 1841.12 ZAR Million in February of 2020. Imports of Animal Or Vegetable Fats & Oils CMLV in South Africa averaged 4645.95 ZAR Million from 2014 until 2020, reaching an all time high of 10113 ZAR Million in December of 2017 and a record low of 336.58 ZAR Million in January of 2015. South Africa accounts for Imports of Animal Or Vegetable Fats & Oils using cumulative values for each year (CMLV). This page includes a chart with historical data for South Africa Imports of Animal Or Vegetable Fats & Oils CMLV.




oil

The price of oil – will it start rising again?

Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource.




oil

Low oil prices and monetary easing triggering modest acceleration of global recovery

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.




oil

Collective bargaining in Iceland: sharing the spoils without spoiling the shares

Icelandic labour market is flexible with high labour market participation, low unemployment, and labour supply dynamically responds to the economic cycle.




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Labour market and collective bargaining in Iceland: sharing the spoils without spoiling the shares

Iceland has high living standards, low poverty, high inclusiveness and one of the most sustainable pension systems.