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Latest Articles in oil prices

Saudi Arabia May Raise August Crude Oil Prices To Asia

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil over the past month

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Oil Rises After Sharp Drop In US Crude Inventories

Brent crude rose 33 cents, or 0.8%, to $41.60 a barrel by 0044 GMT after declining more than 1% on Tuesday.

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Oil Prices Drop On Prospect Of Returning Libyan Supplies

The more-active September contract for Brent fell 22 cents, or 0.5%, to $41.63 a barrel by 0832 GMT, paring Monday's 92 cent gain.

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Oil Prices Drop For Second Straight Session As Coronavirus Spike Cools Demand Hopes

Brent crude dropped 72 cents, or 1.8%, to $40.30 a barrel by 0231 GMT, while U.S. crude was at $37.82, down 67 cents, or 1.7%.

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Oil Prices Creep Up On Demand Recovery, Tempered By Virus Outbreaks

Brent crude futures similarly rose 1.1%, or 47 cents, to $41.52, but were also heading towards a small decline for the week.

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Oil Dives Over 5% As U.S. Crude Stocks Hit Record, COVID Cases Mount

Brent crude settled at $40.31 a barrel, down $2.32, or 5.4%. On Tuesday, Brent hit its highest price since early March

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Oil Falls On Rising Stocks, Worries Of New Virus Wave

Brent crude were down 43 cents, or 1%, to $42.20 a barrel by 1020 GMT a day after hitting its highest level since a price plunge began in March.

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Indian Oil Corp Posts March Quarter Loss As Inventory Losses Surge

Revenue from operations for the reported quarter fell 2.7% to 1.4 trillion rupees.

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Oil Prices Mixed As U.S. Gasoline Stocks Shrink, But Crude Stockpiles Grow

Brent crude was up 12 cents, or 0.3%, at $42.75 a barrel by 0643 GMT after falling to $42.30 earlier in the session.

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India's Oil Imports In May Sink To Lowest In Over 8 Years

India's oil imports from Iraq fell by 43% to about 554,000 bpd, the lowest since Oct 2016

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Oil Prices Steady After Navarro Walks Back From Market-Jolting Comments

Brent crude fell 26 cents, or 0.6%, to $42.82 a barrel by 0545 GMT, after earlier skidding to a session low of $42.21. U.S. oil was down 38 cents, or 0.9%, at $40.35 a barrel, having dropped to a low of $39.76.

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Indian Refiners Crude Processing In May Recovers, Up 7.3% From April

Reliance Industries Ltd, operator of the world's biggest refining complex, operated its two refineries at 91.7% of their overall capacity of about 1.4 million bpd.

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India's May Crude Oil Imports Post Biggest Decline Since At Least 2005

Crude oil imports fell to 14.61 million tonnes, it's lowest since 2015, Petroleum Planning and Analysis Cell data showed on Friday.

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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil contracts for July delivery rose by Rs 5.9 , or 0.72 per cent, to Rs 828.3 per 10 kg in 26,635 lots.

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OPEC+ Pushes For Compliance, Undecided On Oil Cut Extension

Oil has recovered to above $41 a barrel from a 21-year low below $16 a barrel in April, helped by OPEC+ cuts and a recovery in demand as governments ease coronavirus lockdowns.

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