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Latest Articles in oil prices
Oil Prices Volatile Ahead Of G7 Discussions On Russian Exports
Members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, known as OPEC+, will likely stick to a plan for accelerated oil output increases in August when they meet on Thursday, sources said
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Oil Rises On Tight Supply Though Interest Rate Hikes Weigh
Brent was on track for its first weekly dip in five weeks, and U.S. crude for its first decline in eight weeks, in line with a fall in equity markets amid fears of a possible recession as central banks joined a chorus of outsized rate hikes
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Indian Crude Oil Basket Hits 10-year High
The Indian basket on June 9 touched USD 121.28, matching levels seen in February/March 2012, according to data available from the oil ministry's Petroleum Planning and Analysis Cell (PPAC)
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Oil Prices Fall As Partial Shanghai Lockdowns Stoke Demand Worries
Shanghai and Beijing went back on a fresh COVID alert on Thursday. Parts of Shanghai imposed new lockdown restrictions and the city announced a round of mass testing for millions of residents
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Oil Jumps To 13-week High On Rising U.S. Gasoline Demand
The move has raised tensions with the United States and other countries negotiating with Iran over its nuclear program, and will likely keep sanctions in place and Iranian oil out of the global market for longer
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Indian Shares Settle Higher On Boost From Reliance, IT Stocks
After struggling for direction for most of the session, the NSE Nifty 50 index settled up 0.64 per cent at 16,628 and the S&P BSE Sensex closed 0.79 per cent higher at 55,818.11
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Oil Prices Fall On Prospect Of OPEC Offsetting Russian Output Loss
Saudi Arabia and other OPEC members could boost oil output to offset a drop in Russian production, two OPEC+ sources said on Thursday
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How The Ukraine Conflict Is Reshaping Global Oil Markets
Even if the EU agrees to an oil ban in its next round of Russian sanctions, analysts said the impact could be tempered by demand from Asia
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Crude Oil Price At $110/barrel Not Sustainable: Hardeep Singh Puri
On the sidelines of WEF, he met Amin H Naseer, President and CEO of Saudi Aramco, the world's largest oil producer
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Fuel Prices Cannot Be Controlled Till India Increases Oil Production: Union Minister Rameswar Teli
"About 83 per cent of oil consumed in the country is imported by us. We are dependent on international market, and till we increase our production, its price cannot be controlled," the minister of state for petroleum and natural gas said
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Oil Prices Climb On Hopes Of China Demand Recovery
Brent crude futures were up $1.15, or 1 per cent, at $113.08 a barrel at 0042 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed $1.62, or 1.4 per cent, to $114.02 a barrel, paring some losses after oil prices fell by around 2 per cent in the previous session
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Oil Jumps 4% As U.S. Gasoline Prices Hit Record High
Brent futures rose $4.10, or 3.8 per cent, to settle at $111.55 a barrel. U.S. West Texas Intermediate (WTI) crude rose $4.36, or 4.1 per cent, to settle at $110.49
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Oil Tumbles About 6% As China Covid-19 Lockdowns Weigh
Global financial markets have been spooked by concerns over interest rate hikes and recession worries as tighter and wider Covid-19 lockdowns in China led to slower export growth in the world's No. 2 economy in April
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Oil Falls On China Growth Worries As EU Weighs Russian Crude Ban
China released data on Saturday showing factory activity in the world's second-largest economy contracted for a second month to its lowest since February 2020 because of COVID lockdowns
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Oil Prices Rally On Report That Germany Drops Opposition To Russian Oil Embargo
German representatives to the European Union are no longer objecting a full Russian oil embargo as long as Berlin is given time to secure alternative supplies, the Wall Street Journal reported on Thursday
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