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Latest Articles in crude oil

India Blames Saudi Oil Output Cut For Surge In Oil Prices

Pradhan said the efforts to cut output, coordinated by OPEC Secretary-General Mohammad Sanusi Barkindo, were creating confusion for consumer countries.

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Oil Gains On Stimulus Optimism Ahead Of Biden Inauguration

Brent futures for March delivery rose $1.15, or 2.1%, to settle at $55.90 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 62 cents, or 1.2%, to settle at $52.98.

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Resurgence In COVID-19 Cases Slows Oil Demand Rebound - IEA

Supply and demand are on track for recovery this year, and efforts by major producers to balance the market by reining in output are helping draw down oil stocks worldwide.

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Brent Crude Edges Up As Optimism Over Economy Trumps Demand Concerns

Investors are upbeat about demand in China, the world's top crude oil importer, after data released on Monday showed its refinery output rose 3% to a new record in 2020.

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Hike In Fuel Prices Due To Lower Production Amid COVID-19, Says Dharmendra Pradhan

The Union Minister asserted that the government was focusing on electric vehicles (EVs), solar energy, production of ethanol etc to become self-reliant in the energy sector.

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Oil Drops 1% As Rising Coronavirus Cases End Supply-Led Rally

Brent crude fell 45 cents, or nearly 1%, to $54.65 a barrel by 0207 GMT, after dropping 2.3% on Friday. U.S. oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session.

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Oil Drops Over 2% On China Lockdowns, US Stimulus Concerns

Brent fell $1.32, or 2.3%, to settle at $55.10 a barrel. U.S. West Texas Intermediate crude settled down $1.21, or 2.3%, at $52.36 a barrel.

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Oil Drops As Chinese Lockdowns, US Unemployment Data Drains Rally

Brent was down 71 cents, or 1.2%, at $55.71 by 0758 GMT, after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was 46 cents, or 0.9%, lower at $53.11 a barrel, having risen more than 1% the previous session.

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What Is The Saudi-Russia-America Oil War? How Does It Affect India?

Russia refused to comply, and took the opposite route of increasing their production. One may speculate why Russia did that, but experts believe it is to attacks the USA oil industry.

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Oil Prices Dip On Virus Worries; U.S. Stock Draw, China Data Check Losses

Brent crude oil futures fell 18 cents, or 0.3%, to $55.88 a barrel by 0425 GMT, while U.S. West Texas Intermediate (WTI) slipped by 11 cents, or 0.2%, to $52.80 a barrel.

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Oil Prices Extend Gains After US Inventory Drop

Crude inventories in the U.S. dropped by 5.8 million barrels last week to around 484.5 million barrels, data from the American Petroleum Institute showed late on Tuesday.

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Oil Rises Above $56 As Tighter Supply Offsets Virus Concern

The regulator observed that the 18-year period stipulated in the scheme has expired and ORIPL has not yet made repayment of profit, income to investors as promised by it.

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OPEC Crude Output Cuts Should Help U.S. Shale Profits In 2021

US crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced output cuts.

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Oil Prices Fall On Renewed Coronavirus Concerns As China Cases Mount

Brent crude oil futures fell 42 cents, or 0.8%, to $55.57 a barrel by 0146 GMT after earlier climbing to $56.39, its highest since Feb. 25, 2020. Brent rose in the previous four sessions.

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Gold Hits Near Six-Week Low On Firmer Dollar, Higher Treasury Yields

Spot gold fell as much as 1.7% to $1,816.53 per ounce, its lowest since Dec. 2, and was down 0.7% at $1,835.96 by 0259 GMT. Prices fell as much as 4.4% on Friday.

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