Aug 09, 2020-Sunday

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Sunday, Aug 09, 2020


Aug 03, 2020 06:20
Brent crude futures slid 8 cents, or 0.2%, to $43.44 a barrel by 0001 GMT while US West Texas Intermediate (WTI) crude futures were down 12 cents, or 0.3%, at $40.15 a barrel. read more
Jul 27, 2020 08:15
The fall in oil mirrored moves in broader financial markets in Asia amid concerns about escalating tensions between the world’s two biggest economies following the closure of embassies in Houston and Chengdu. Global coronavirus cases, meanwhile, exceeded 16 million. read more
Jul 13, 2020 16:14
Brent crude fell 53 cents, or 1.2%, to $42.71 a barrel by 0946 GMT, though prices have been hovering around $42 for a couple of weeks. US crude was down 64 cents, or 1.6%, at $39.91. read more
Jul 08, 2020 15:39
Brent crude futures fell 1 cent to $43.07 a barrel by 0832 GMT. US West Texas Intermediate (WTI) crude futures dropped 8 cents to $40.54 a barrel. read more
Jul 06, 2020 08:45
Brent crude rose 11 cents, or 0.3%, to $42.91 a barrel by 0109 GMT after a 4.3% gain last week, while US West Texas Intermediate crude was at $40.35, down 30 cents, or 0.7%, from its previous settlement on Thursday. read more
Jul 03, 2020 08:26
Brent crude futures were down 37 cents, or 0.9%, at $42.77 a barrel as of 0042 GMT, and US West Texas Intermediate (WTI) crude futures fell 34 cents, or 0.8%, to $40.31 a barrel. read more
Jun 27, 2020 18:08
The world’s biggest lockdown put in place on March 25 in India pummeled demand for transportation and industrial fuels by as much as 70%, forcing a reduction in crude processing and oil imports by refiners. read more
Jun 25, 2020 18:39
Acting on two different cases filed in the matter, the NGT in an order passed via video-conference because of the restrictions imposed due to the raging coronavirus disease (Covid-19) outbreak on Wednesday also directed OIL to deposit an initial amount of Rs 25 crore to the Tinsukia district administration for the damage caused by the blowout on May 27 and the subsequent fire on June 9. read more
Jun 21, 2020 18:44
In its closure notice, PCBA observed that OIL was operating the wells in Baghjan, including the one that had a blowout and fire, without obtaining necessary pollution clearances and there was no effluent treatment plant in the area. read more
Jun 17, 2020 08:12
Futures in New York fell as much as 1.8%, after ending Wednesday’s session up 3.4%. read more
Jun 08, 2020 20:50
Oil India said the experts from Singapore are confident of controlling the blowout at the earliest. read more
Jun 06, 2020 01:14
OIL has decided to provide Rs 30,000 each to the nearly 2,000 families near the well who were evacuated and are staying at four relief camps since the blowout started. read more
Jun 04, 2020 18:32
The well located at Baghjan witnessed a blowout, uncontrolled release of natural gas or oil when pressure systems fail, on May 27, and natural gas and condensate matter has been flowing from it ‘uncontrollably’ since the past 9 days. read more
May 21, 2020 10:53
Once the engine of global oil demand growth, India’s fuel consumption collapsed by as much as 70% at one stage last month as it embarked on one of the world’s most stringent nationwide quarantines read more
May 13, 2020 08:43
Anthony Fauci, America’s top infectious disease official, said US states reopening too quickly could hurt an economic recovery. read more