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Latest Articles in oil prices
Tighter Supplies From OPEC+ Push Oil Prices Higher
Brent crude futures gained 13 cents, or 0.2 per cent, to USD 85.25 a barrel by 2356 GMT, while US West Texas Intermediate crude was at USD 80.84 a barrel, up 14 cents, or 0.2 per cent
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Oil Prices Rise As China's Factory Gains Boost Outlook For Fuel Demand
Brent crude oil was up 24 cents, or 0.3 per cent, to 83.69 per barrel. On Tuesday, the April contract expired up USD 1.44, or 1.8 per cent, at USD 83.89
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Centre Slashes Windfall Tax On Crude Oil As Prices Slip Globally
The India government has cut the windfall tax on locally sourced crude oil to Rs 1,900 per tonne
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Oil Prices Lose 2022 Gains As Protests Break Out In China
On Monday, oil prices fell near their year lows as street protests against strict Covid-19 curbs in China, the world's largest crude importer, fueled concerns about the outlook for fuel demand
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Brent Crude Falls Amid Surge In Covid Cases In China
Covid-19 cases increased in China over the weekend, with Beijing and other major cities reporting record infections on Monday
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Oil Prices Continue Their Fall As Recession Fears Weigh
Investors are now assessing the continued aggressive rate hike pace by the US Federal Reserve, the slowdown in global growth and the resurgence of Covid cases in China to hurt global oil demand
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Brent Crude Nears $94/bbl After OPEC+ Production Cut
On 5 October, OPEC+ group announced the largest oil production cut since 2020 of 2 million barrels per day ahead of European Union embargoes on Russian energy
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Rising Oil Prices Due To Russia-Ukraine War Is Worrying For India: Jaishankar
Jaishankar said there is a deep concern among developing countries about how their energy needs will be met
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Brent Crude Slips Below $85/bbl For The First Time Since January
The disruptions in the oil market from the Russia-Ukraine war, with European Union sanctions banning Russian crude set to start in December, has lent some support to prices
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Declining Rupee: What's Really Happening?
India needs to brace up cause the US Fed chairperson clearly stated that they will not stop tightening until the inflation target of 2 percent is achieved.
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Ethanol Purchase Price May Rise By Rs 2 Per Litre Next Year
Unlike other countries, in India, ethanol procurement price is linked to the fair and remunerative price (FRP) of sugarcane. This has been raised from Rs 290 per quintal in 2021-22 (October to September) to Rs 305 for 2022-23 (for a basic recovery of 10.25 per cent).
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The Rupee Riyal Trade: What You Should Know
In a way we are living in an era of currency domino effect
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Oil Falls On Demand Concerns, Strong Dollar
The International Energy Agency said this weekoildemand growth would grind to a halt in the fourth quarter. The dollar held near recent peaks, supported by expectations the U.S. Federal Reserve will continue to tighten policy
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Oil Prices Stabilise On IEA Demand Outlook
Prices stabilised following some "positive elements" in an IEA report published on Wednesday. The IEA expects large-scale switching from gas to oil, estimated to average 700,000 barrels per day (bpd) in October 2022 to March 2023 - double the level of a year ago
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Oil Prices Rise As Supply Uncertainty Mounts
France, Britain and Germany on Saturday said they had "serious doubts" about Iran’s intentions to revive a nuclear deal, in a development which might keep Iranian oil off the market and keep global supply tight
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