Page 3 - Crude Oil Market

Oil prices fall as China slowdown spurs concern over demand outlook

Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19

Oil prices fall ahead of potential large US rate hike, possible inflation

Brent crude futures for September were down 18 cents to $99.39 a barrel at 0727 GMT after settling below $100 for the second straight session on Wednesday

Russia may be India's biggest crude supplier in June, a historic first

Russian oil is on pace to account for 21 per cent of all imports into India, shrinking the shares of Iraqi and US crude

Domestic crude oil producers get marketing freedom, exports not allowed

According to a government statement, this move shall ensure marketing freedom for all exploration and production (E&P) operators

How the Russia-Ukraine conflict is reshaping global oil markets

Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanction

Oil prices surge as Russian invasion of Ukraine rings supply alarm bells

Brent crude rose $2.81, or 2.8%, to $101.89 a barrel at 0738 GMT on Friday, after climbing to as high as $101.99

Oil nears $100: Petrol, diesel price hike coming after elections

Domestic fuel prices - which are directly linked to international oil prices - have not been revised for a record 110 days in a row

India's January crude oil imports slip from one-year highs

India's crude oil imports in January fell from one-year highs hit in the previous month, though fuel demand is expected to recover as several states ease Covid restrictions after a decline in cases.

Asia scrambles to stock up fuel as prices spike in global energy crunch

An electricity crisis is roiling energy markets from Europe to Asia, with fuels that can be used for heating or power in high demand.

OPEC+ sees tighter oil market until May 2022; Group set to meet today

OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said

OPEC+ panel sees risk of oil market imbalance after April 2022 -report

The panel, known as the Joint Technical Committee, sees an overhang of crude by the end of 2022 under different scenarios looking at supply and demand in the oil market, the report showed.

Iran gears up for return to global oil market as US talks advance

US and Iranian diplomats, currently negotiating via intermediary governments in Vienna, have signaled that an agreement is within reach

Oil steadies as dollar slumps but Covid-19 pandemic surge weighs

Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week

Discovered small fields: Govt may extend bank guarantee relaxation

Officials in the know say this re­laxation was given during the first wave of the Covid-19 pandemic

India's energy alliance with Saudi totters after years of co-operation

India is the third largest market for Saudi crude. But after a year of Covid, the latter isn't keen to let prices hover at under $80 a barrel, the break even at which its budget wipes off red stainsi

Fall in global crude oil prices gives hope for dip in domestic fuel rates

Resultantly, global fears have resurfaced on the slowdown economic recovery due to this wave

Oil dips after surge in U.S. crude inventories

By Laila Kearney

Oil prices hovers near 13-month highs as storm hits US production

Both contracts touched their highest since Jan. 8, 2020, earlier in the session with Brent at $67.49 and WTI at $63.67. The April Brent contract expires on Friday

Crude oil's fate could be in hands of commodity supercycle

OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle

Oil rises on declining US crude stocks, hopes of Covid-19 vaccine

Crude stockpiles fell by 5.1 million barrels last week to about 482 million barrels, industry group data showed on Tuesday