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Page 57 - Crude Oil Price

Decoded: What is windfall tax on oil companies and where does India stand?

If a windfall tax is imposed in India, it will not only be aimed at private companies like Reliance, but also at state-owned behemoths

Decoded: What is windfall tax on oil companies and where does India stand?
Updated On : 01 Jun 2022 | 6:03 AM IST

Oil prices' bull run continues as EU agrees to ban Russian oil supply

LONDON (Reuters) -Oil prices extended a bull run on Tuesday after the EU agreed to a partial ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand ahead of peak U.S. and European summer driving season.

Oil prices' bull run continues as EU agrees to ban Russian oil supply
Updated On : 31 May 2022 | 10:10 PM IST

Oil price surge fans inflation fears, weakens US, European stocks

LONDON (Reuters) - European shares opened weaker on Tuesday and Wall Street was tipped for a fall, as surging oil prices fanned fears of further acceleration in global inflation, forcing the U.S. Federal Reserve and other central banks to keep raising interest rates.

Oil price surge fans inflation fears, weakens US, European stocks
Updated On : 31 May 2022 | 3:34 PM IST

Ukraine war-led spike in prices buoy Q4 performance of ONGC, Oil India

Reversal in price trends, policy measures such as windfall tax by the government and fall in refining margins are among key downside risks

Ukraine war-led spike in prices buoy Q4 performance of ONGC, Oil India
Updated On : 31 May 2022 | 1:21 AM IST

Oil climbs to two-month high ahead of EU meeting on Russia sanctions

Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at 0111 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped 60 cents, or 0.5%, to $115.67 a barrel

Oil climbs to two-month high ahead of EU meeting on Russia sanctions
Updated On : 30 May 2022 | 8:43 AM IST

Rupee inches 2 paise up to 77.59 against USD on positive domestic equities

Forex traders said the rupee consolidated in a narrow range as elevated crude oil prices, fiscal deficit concerns and persistent FII outflows weighed on the local unit.

Rupee inches 2 paise up to 77.59 against USD on positive domestic equities
Updated On : 27 May 2022 | 4:35 PM IST

Oil price climbs on tight supply, prospect of EU ban on Russian supply

LONDON (Reuters) -Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.

Oil price climbs on tight supply, prospect of EU ban on Russian supply
Updated On : 26 May 2022 | 5:18 PM IST

Oil price edges higher on tight supply and expected demand uplift

LONDON (Reuters) -Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world's biggest crude consumer.

Oil price edges higher on tight supply and expected demand uplift
Updated On : 25 May 2022 | 4:33 PM IST

Oil retreats as China's stimulus package fails to allay concerns

Beijing rolls out measures to try to support Covid-hit economy

Oil retreats as China's stimulus package fails to allay concerns
Updated On : 25 May 2022 | 2:18 AM IST

Nitish lauds Centre for petrol price cuts, says his govt will do needful

Nitish Kumar on Sunday lauded the Centre for the reduction in excise duty on petrol and diesel and hinted that his government might do its bit after due deliberations, raising hopes of further relief.

Nitish lauds Centre for petrol price cuts, says his govt will do needful
Updated On : 22 May 2022 | 11:57 PM IST

Oil swings wildly, rebounds to gains from steep losses in early hours

NEW YORK (Reuters) - Oil prices rebounded from earlier losses in another volatile session on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.

Oil swings wildly, rebounds to gains from steep losses in early hours
Updated On : 19 May 2022 | 11:30 PM IST

Oil prices recoup losses based on renewed supply worries, dollar weakness

NEW YORK (Reuters) -Oil prices rebounded from earlier losses on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.

Oil prices recoup losses based on renewed supply worries, dollar weakness
Updated On : 19 May 2022 | 11:15 PM IST

Oil prices recoup early losses on China hopes, global supply fears

TOKYO (Reuters) -Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.

Oil prices recoup early losses on China hopes, global supply fears
Updated On : 19 May 2022 | 4:33 PM IST

Asian companies to ramp up petrol exports to US as sky-high prices beckon

JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as $6.20 a gallon by August

Asian companies to ramp up petrol exports to US as sky-high prices beckon
Updated On : 19 May 2022 | 10:18 AM IST

Oil prices rise on China demand recovery expectations, supply concerns

LONDON (Reuters) - Oil prices rose on Wednesday on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew.

Oil prices rise on China demand recovery expectations, supply concerns
Updated On : 18 May 2022 | 4:50 PM IST

Oil hits seven-week high amid EU push for ban on Russian crude imports

LONDON (Reuters) - Oil hit its highest in seven weeks on Tuesday, supported by the European Union's ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China's COVID lockdowns.

Oil hits seven-week high amid EU push for ban on Russian crude imports
Updated On : 17 May 2022 | 4:11 PM IST

My aim is to save Sri Lanka, not a 'person or family': PM Wickremesinghe

US dollars will be sourced from open markets to pay for petrol and crude, says veteran politician.

My aim is to save Sri Lanka, not a 'person or family': PM Wickremesinghe
Updated On : 16 May 2022 | 8:06 PM IST

Russian pipeline sanctions raise fear of interruption in gas supplies

Natural gas prices rose Friday after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe, citing new sanctions that Moscow imposed on European energy companies.

Russian pipeline sanctions raise fear of interruption in gas supplies
Updated On : 13 May 2022 | 9:09 PM IST

Oil prices under pressure amid recession fears dogging financial markets

, LONDON (Reuters) -Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

Oil prices under pressure amid recession fears dogging financial markets
Updated On : 12 May 2022 | 8:04 PM IST

Oil slips more than 2% on as recession fears spreads to financial markets

, LONDON (Reuters) -Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

Oil slips more than 2% on as recession fears spreads to financial markets
Updated On : 12 May 2022 | 4:26 PM IST