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Oil Prices News

PAGE 9

Oil firms may cut fuel prices on low demand

Brent crude plunged 6.95% to $78.89 a barrel on Friday from $84.78 10 days ago. It was the lowest since October 1.

Published on Nov 22, 2021, 5:18 AM IST

OPEC+ to meet today: What it means for crude oil price?

The Organization of Petroleum Exporting Countries and its partners are already working to restart crude shipments that were suspended last year during the pandemic's early phases.

Updated on Jul 1, 2021, 4:20 PM IST

Oil prices fall on rising Covid-19 infections in Asia, inflation fears

Uncertainties over inflation also prompted investors to reduce exposure to riskier assets like oil.

Published on May 19, 2021, 3:32 PM IST

Oil marks anniversary of crash below zero with rally above $64

Oil’s forward curve also suggests growing confidence -- particularly as U.S. demand recovers -- with the spread between WTI’s contracts for December this year and 2022 at the widest backwardation in about a month.

Published on Apr 20, 2021, 2:47 PM IST

Brent crude floats near $70 on demand recovery anticipation

Investors are expecting China to release positive economic data on Monday, supporting forecasts of stronger growth at the world's second largest oil consumer.

Published on Mar 15, 2021, 7:12 AM IST

Oil slips in fragile rally as market struggles for direction

FILE PHOTO: The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus Mordant/File Photo

Published on Mar 12, 2021, 10:00 AM IST

Oil prices rise as vaccine drives bolster economic outlook

A crude oil tanker is seen at Qingdao Port, Shandong province, China.

Updated on Mar 11, 2021, 12:29 PM IST

After a blip, oil shows gains as focus returns to tightening market

The sun sets behind an idle pump jack near Karnes City, USA.

Published on Mar 9, 2021, 8:55 AM IST

India says OPEC+ decision to extend oil output cuts will hit economic recovery

Meanwhile US crude oil inventories dropped by 1.7 million barrels in the week to Jan. 1 to 491.3 million barrels, data from industry group the American Petroleum Institute showed late on Tuesday.

Published on Mar 5, 2021, 10:47 PM IST

Finance ministry considers cutting taxes on petrol, diesel: Report

A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices at gas stations in India.

Published on Mar 1, 2021, 8:44 PM IST

Oil buoyant near $55 as falling stockpiles add impetus to rally

Futures in New York traded near $55 a barrel after jumping almost 5% over the previous two sessions in tandem with a broader rally in financial markets. (Representative Image)

Published on Feb 3, 2021, 11:40 AM IST

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