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Oil Prices News

PAGE 9

What global energy agency said on oil production, demand: ‘For now, China…’

International Energy Agency: Crude futures have tumbled almost 25% over the past three months.

Published on Sep 14, 2022, 3:38 PM IST

G7 finance chiefs agree on Russian oil price

Representational image.

Published on Sep 2, 2022, 8:53 PM IST

Oil at 6-month low, petrol at breakeven but no price cuts yet

Representational image.

Published on Aug 18, 2022, 10:21 PM IST

Oil prices shoot above $95 per barrel ahead of OPEC+ meet

Representational image

Published on Aug 2, 2022, 10:32 PM IST

Aviation fuel prices cut by 2.2%, only second reduction this year

(Representational, Credit: Reuters)

Updated on Jul 16, 2022, 12:00 PM IST

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.

Published on Jul 7, 2022, 7:46 AM IST

Govt considers windfall tax on oil and gas giants

This is not the first time India is considering a windfall tax. Policymakers flirted with the idea in 2018, and before that in 2008, when oil prices were on a high, and many Indian oil producers made a killing. Both times, the idea was abandoned, after it was strongly opposed by private oil companies. (AFP)

Updated on May 27, 2022, 5:40 AM IST

India's oil crisis rises: ONGC struggles to move Russian oil as sanctions bite

Published on Apr 27, 2022, 6:30 AM IST

Cooking oil prices in India may spike on Indonesia's palm oil export ban: Report

A worker checks the quality of crude palm oil (CPO) in a state CPO processing unit at Indonesia's North Sumatra province May, 2012. REUTERS/Tarmizy Harva

Updated on Apr 23, 2022, 3:24 PM IST

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

Tthe Strategic Petroleum Reserve in Freeport, Texas, U.S. on June 9, 2016. REUTERS/Richard Carson/File Photo

Updated on Apr 1, 2022, 12:59 PM IST

India's oil imports from US to rise by 11% amid criticism over Russia purchase

A pumpjack of Wintershall DEA extracts crude oil at an old oil field in Emlichheim, Germany, Friday, March 18, 2022. AP/PTI(AP03_19_2022_000010B)

Updated on Mar 19, 2022, 2:05 PM IST

Here are some of the biggest protests Kazakhstan saw in the past decades

Troops are seen at the main square where hundreds of people were protesting against the government, after authorities' decision to lift price caps on liquefied petroleum gas, in Almaty,

Published on Jan 6, 2022, 2:34 PM IST

Russia, allies send troops to help quell protests: Kazakh update

Dozens of anti-government protesters were killed by security forces, police said Thursday, after President Kassym-Jomart Tokayev ordered them to put down the demonstrations, which have drawn thousands.

Updated on Jan 6, 2022, 2:36 PM IST

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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