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Saudi Arabia Needs Oil Price Near $100, IMF Says

Saudi Arabia will need a higher oil price than previously thought this year as the OPEC leader spearheads the group’s production cuts, according to the International Monetary Fund.

Saudi Arabia Needs Oil Price Near $100, IMF Says
Published on Apr 19, 2024 11:22 AM IST
Bloomberg |

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.

(Representational image) (Reuters)
Published on Mar 23, 2022 08:20 AM IST
Reuters |

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)
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.

Brent crude hit a high of $101.34 a barrel in early Asia trade, the loftiest since September 2014, and was at $101.20 a barrel at 0423 GMT, up $4.36, or 4.5%.(Reuters)
Published on Feb 24, 2022 10:14 AM IST
Reuters |

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.

Brent crude was down 42 cents, or 0.5%, to $79.86 a barrel by 1217 GMT, after earlier dropping to $79.28, the lowest since Oct. 7.(REUTERS)
Published on Nov 18, 2021 06:10 PM IST
Reuters |
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