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Latest Articles in oil price

Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil for July delivery moved up by Rs 8.6, or 0.66 per cent, to Rs 1,308.6 per 10 kg in 11,890 lots.

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Crude Oil Futures Rise On Spot Demand

Crude oil for May delivery traded higher by Rs 7, or 0.15 per cent, at Rs 4,665 per barrel in 6,411 lots.

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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil contracts for May traded lower by Rs 5.8, or 0.44 per cent, at Rs 1,310.5 per 10 kg in 26,595 lots.

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Oil Keeps Climbing On Hopes OPEC+ Will Hold Back Supply As COVID-19 Cases Rise

Algeria's energy minister said on Wednesday that OPEC+ - grouping the Organization of the Petroleum Exporting Countries (OPEC) and other suppliers including Russia - could extend current production cuts of 7.7 million barrels per day (bpd) into 2021

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Oil Prices Slip As US Inventory Build Stokes Fears Of Supply Glut

Brent crude futures for December delivery were at $42.66 a barrel, down 50 cents, or 1.16%, as of 1027 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 56 cents, or 1.34%, to $41.14.

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Oil Dips As Surging Coronavirus Cases Threaten Demand Recovery

Brent crude futures dropped 28 cents, or 0.7% to $43.04 a barrel at 0724 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 24 cents, or 0.6%, to $40.80.

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Oil Falls As Frail Demand Outlook Outweighs U.S. Stock Drawdown

Brent crude futures fell 21 cents, or 0.5%, to $41.56 a barrel by 0922 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 26 cents, or 0.7%, to $39.67 a barrel.

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Oil Rises 2%, Reverses Loses As OPEC+ Addresses Market Weakness

Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel.

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Oil Falls On Fears Of Coronavirus Second Wave

Brent crude was down $1.11, or 3.6%, at $29.86 a barrel by 0916 GMT, while U.S. West Texas Intermediate crude fell 92 cents, or 3.7%, to $23.82.

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Russia Calls For New Enlarged OPEC Deal To Tackle Oil Demand Collapse

The world's gross domestic product had risen to 323% as of now from 230% at a time of the previous economic crisis of 2008.

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OPEC Backs Biggest Oil Cut Since 2008 Crisis, Awaits Russia

Brent oil prices rose 0.6% on news of OPEC's plan to cut but gave up most of those gains when Russia and others suggested a deal was not in the bag.

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Middle East Tensions And Impact On India’ Growth Story

Industry experts and economists largely agree that India can do nothing much under the current circumstances given our dependence on the imported oil and gas.

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Oil Price Spike Clouds Corporate Profit Outlook, Putting Investors On Edge

Over the last year, the price of oil has jumped nearly 25 per cent according to Refinitiv data, raising costs for companies across the economy and leaving less money in the pockets of consumers.

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India's Oil Imports From Iran Down 57% In April

India, Iran's top oil client after China, shipped in about 277,600 barrels per day (bpd) of oil from Tehran in April, down about 31.5 per cent from the previous month, preliminary tanker arrival data from shipping and industry sources showed

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