Page 22 - Brent Crude Oil

Sharp rise in natural gas prices, power outages worsen inflation worries

Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday

Flaring crude oil price, entry of new players to hit IndiGo: Analysts

In the last one week alone, Brent crude oil prices have surged over 6 per cent to around $79 per barrel mark

Oil market anchors around $70/b, but volatility to return

Even with Covid concerns creating recent jitters in big consumers like China and US, the impact appears to be diminishing as the global economy recovers

OPEC+ seen sticking to existing policy despite higher oil demand

OPEC and its allies will likely stick to their existing policy of gradual oil output increases, four sources said on Wednesday, even though the group revised up its 2022 demand outlook

Oil rises as markets expect continuous fall of inventories

Oil rose on expectation of a continuous decline in US oil inventories, recouping some losses from the previous session due to concern over rising cases of Delta Covid variant.

Oil prices hit by concern over Chinese economy and higher supply

China's factory activity growth slipped sharply in July as demand contracted for the first time in more than a year

Oil prices fall on worries over China economy and higher crude output

Oil prices fell on Monday on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer

OPEC+ crisis deepens as Saudi Arabia refuses to budge, oil edges up

OPEC and its allies on Friday voted to increase production by about 2 million barrels a day from August to December 2021 extend the remaining output cuts to the end of 2022

Oil set for best half since 2009 as demand recovers ahead of OPEC+ meeting

The recovery in key energy consumers including the U.S. and China has helped underpin a surge in fuel demand and driven prices to the highest level since October 2018.

Brent oil benchmark hits two-year high, WTI highest since 2018

Brent crude futures were up 32 cents, or 0.3%, at $72.42 a barrel at 0911 GMT

Here's why Bhavik Patel of Tradebulls thinks Brent crude may hit $80 soon

Crude oil prices are above their daily 5, 8, 13, and 21 day moving average envelope, which is in bullish sequential order

India to look to OPEC once oil demand recovers after Covid second wave

India's oil demand growth is set to be just 350,000 barrels per day (b/d) in 2021, according to S&P Global Platts Analytics, given extreme consumption weakness in April and May

Oil steadies after sell-off as US stockpiles rise less than expected

Crude inventories in the United States increased by 1.3 million barrels last week, against analysts' expectations for a 1.6 million-barrel rise

ONGC agrees to remove marketing margin, but refuses to lower gas price

Potential bidders however opposed the levy of the marketing margin as well as the "high" floor price

Oil drops towards $66 as India demand concerns weigh

Oil dropped towards $66 a barrel on Monday as concern about demand in India and higher OPEC+ supply offset optimism over rising demand in other major consumers such as China and the United States

India saved over Rs 30,000 cr despite rising petro product imports in FY21

Analyst expect trend to continue this fiscal

Crude oil will climb above $70; energy security could reappear on the radar

Crude oil prices could shift higher again once the market shakes off the latest bout of coronavirus jitters

India strongly pitches for easing cuts in crude oil production

Ministry of Petroleum and Natural Gas is reviewing closely the global crude supplies and price situation

Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez

Brent oil rose 58 cents, or 0.9%, to $65.15 a barrel by 1048 GMT. U.S. crude was up 40 cents, or 0.7%, at $61.37 a barrel

Inflation woes: Here's how experts have interpreted CPI, WPI numbers

Most experts say the numbers are worrisome and can dent the economic recovery going ahead. Here's how economists at leading brokerages and research houses have interpreted the numbers