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Latest from brent crude

Oil prices extend drop as recession fears cloud global demand outlook

Brent crude futures fell 71 cents to $99.98 a barrel by 0013 GMT. WTI crude futures fell 62 cents to $97.91 a barrel. The declines follow a dramatic fall on Tuesday.

Brent crude futures fell 71 cents to $99.98 a barrel by 0013 GMT.(Reuters file photo. Representative image)
Brent crude futures fell 71 cents to $99.98 a barrel by 0013 GMT.(Reuters file photo. Representative image)
Published on Jul 07, 2022 07:46 AM IST
Reuters |

Explained: Why US oil price has caught up with Brent

Analysts point to Russia's invasion of Ukraine as a key factor but there are others, as outlined below.

Oil pumpjacks are viewed in the Inglewood Oil Field.(AFP)
Oil pumpjacks are viewed in the Inglewood Oil Field.(AFP)
Published on May 21, 2022 03:33 AM IST
AFP |

Russia offers India big discount on purchase of 15 million barrels of oil

Russia-Ukraine crisis: Global oil prices have surged since Russia invaded Ukraine on Feb 24, with brent crude hitting record highs. 

Tthe Strategic Petroleum Reserve in Freeport, Texas, U.S. on June 9, 2016. REUTERS/Richard Carson/File Photo(REUTERS)
Tthe Strategic Petroleum Reserve in Freeport, Texas, U.S. on June 9, 2016. REUTERS/Richard Carson/File Photo(REUTERS)
Updated on Apr 01, 2022 12:59 PM IST

Oil price hike may be delayed as crude plunges below $100

The price of Brent Crude dropped to an almost three-week low of $97.44 per barrel on Tuesday on slower anticipated demand due to surging Covid-19 cases in China, ceasefire talks between Russia and Ukraine, and hope for resumption of the Iran nuclear deal.

The price of petrol and diesel may not rise as much as feared because the price of crude oil has declined by about 30% after hitting an intraday peak of $139 per barrel for Brent Crude on March 7. (REUTERS File Photo)
The price of petrol and diesel may not rise as much as feared because the price of crude oil has declined by about 30% after hitting an intraday peak of $139 per barrel for Brent Crude on March 7. (REUTERS File Photo)
Updated on Mar 16, 2022 04:52 AM IST
ByRajeev Jayaswal, New Delhi

What does the fire in global energy markets entail for India?

While crude price has been on an upward trajectory since the end of September, the prices of other energy resources, including natural gas and coal have risen to multi year highs across the globe as demand for energy soars against the backdrop of a massive shortage.

Rising oil and falling rupee mean higher domestic prices for petroleum products(HT Photo)
Rising oil and falling rupee mean higher domestic prices for petroleum products(HT Photo)
Updated on Oct 08, 2021 01:24 AM IST
By, Vineet Sachdev
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