Latest from oil price
Oil prices resume climb after U.S. stockpiles drop in tight market
While prices dipped on Tuesday as it appeared the European Union was unlikely to agree to a ban on Russian oil, the market remains on edge over the prospect of further sanctions on Russia.
Published on Mar 23, 2022 08:20 AM 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.
Updated on Mar 16, 2022 04:52 AM IST
ByRajeev Jayaswal, New Delhi
Oil breaches $100 for first time since 2014 on Ukraine attacks
Russia has launched a full-scale invasion of Ukraine and is targeting cities with weapons strikes, Foreign Minister Dmytro Kuleba said in a tweet.
Published on Feb 24, 2022 10:14 AM IST
Oil near 6-week low as China readies crude reserve release
The bid by the US to cool markets, asking China to join a coordinated action for the first time, comes as inflationary pressures - partly driven by surging energy prices - start to produce a political backlash.
Published on Nov 18, 2021 06:10 PM IST
Oil drops after rallying on signs of rising global fuel demand
The coronavirus is still looming over the market, however, with a resurgence in regions such as India and Brazil clouding the near-term outlook. OPEC+ warned earlier in the week that the flare-up could even derail the recovery.
Published on Apr 30, 2021 10:38 AM IST