Page 61 - Crude Oil Price

Oil slides 7% as UAE calls for OPEC boost amid Russian supply shock

Prices hit session lows after the Financial Times reported Yousef al-Otaiba, the UAE's ambassador to Washington, said the country favours increasing production

LIVE: Ukranian 'nationalists' derailing evacuations, alleges Putin

Ukrainian officials said that the continuous Russian shelling has derailed efforts to evacuate civilians from areas affected by fighting

Stocks jump, oil dips in Wall Street's latest dizzying swing

Stocks are jumping, and oil prices are easing Wednesday as the big swings shaking global markets go in both directions amid uncertainty about the war in Ukraine. The S&P 500 was 2.3% higher in morning trading, following a four-day losing streak that had pulled it 13% below its record set early this year. The Dow Jones Industrial Average was up 648 points, or 2%, at 32,281, as of 10:40 a.m. Eastern time, and the Nasdaq composite was 3.1% higher. Such big swings have been jerking markets around in recent weeks as investors grope to guess how much economic damage Russia's invasion of Ukraine will do. The swings have struck not only day-to-day but also hour-to-hour, with some days seeing several big reversals. The chaotic movements are likely only to continue with uncertainty so high about the war in Ukraine and its ultimate economic fallout. The region is key to markets because it's a major producer of oil, wheat and other commodities, whose prices have spiked on worries about ...

India's February fuel demand rises, but soaring crude may slow uptick

While India has been on a recovery path until now, high oil prices at present could lead to some demand destruction, says an analyst

Analysts caution against betting on crude-dependent chemical stocks

The Russia-Ukraine crisis has sprung up worries for the sector yet again as analysts say margins of chemical companies will be impacted due to the rise in prices of crude oil

Oil falls 5% on speculation US Russia oil ban won't add to supply shock

Oil also fell as the head of the IEA described the agency's decision to release 60 million barrels of oil from strategic reserves as 'an initial response' and said that more could be released

Coffee climbs as oil rally, Brazil weather add to supply threat

Arabica futures rose as much as 1.3%, adding to Tuesday's jump of almost 4%

Oil falls towards $125 as investors weigh US ban on Russian oil imports

A view that the US ban of Russian oil imports may not worsen shortages kept a lid on prices, traders said, as did talk that Ukraine was no longer seeking NATO membership

European stocks open higher as investors weigh up oil ban's impact

Western sanctions have cut Russia off from global trade and financial markets in response to its invasion of Ukraine, and oil prices only edged higher after the US ban

Sensex rises for 2nd day, surges 1,223 pts; Nifty tops 16,300; RIL zooms 5%

CLOSING BELL: Ukrainian President Volodymyr Zelenskyy's reported statement that his country has cooled down on the question of a NATO membership calmed investor nerves

Oil rises towards $130 as Russian crude struggles to find buyers

The United States on Tuesday imposed a ban on Russian oil imports, Britain said it would phase them out and Shell said it would stop buying Russian crude

Govt works out math of keeping Russia supplies open as oil prices spike

Even if Moscow relents and sells oil for rupees to India, European insurers may be reluctant to underwrite; in any case a bigger Russian tilt would involve a larger financial switch by New Delhi

Bulls charge: Sensex soars over 1,200 points; 3 factors fueling the rally

The surge comes on hopes of de-escalation of the Russia-Ukraine conflict after the Ukrainian President Zelenskyy indicated that the country was no longer interest in NATO membership

India's economic challenges amid soaring crude oil price

Russia has threatened to shut its gas pipeline to Germany and warned of crude price at $300 a barrel. Back home, the signs of economic distress are imminent. What are the challenges ahead of India?

Most global indices are near bear territory. Will the Sensex, Nifty follow?

Empirical analysis of past 17 market corrections in excess of 10 per cent, according Antique Stock Broking, suggests that market recoveries are swift with entire losses getting recouped in 3-6 months

Ukraine crisis: Oil prices surge as US and Britain cut off Russian crude

Britain said it will phase out the import of Russian oil and oil products by 2022

LIVE: Ukraine no longer insisting on NATO membership, says report

Russia Ukraine live news: Zelensky accused the International Red Cross of forbidding the use of its emblem on our cars, but did not give details.

Crude oil price spike likely to trigger interest in ethanol programme

According to officials, India has managed to blend almost 9.34 per cent ethanol with petrol in the first quarter of the 2021-22 supply year, which started in December

OPEC, US shale executives meet as oil prices skyrocket in Ukraine crisis

It was at least the fourth time since 2017 that US shale oil producers and OPEC officials have held such meetings to discuss energy concerns.

Australian refiners cease purchase of Russian crude oil to support Ukraine

Viva Energy joins a spate of companies limiting, putting on hold, or exiting business activities in Russia.