Page 24 - Crude Oil Prices

Saudi $7 trillion investment goal puts spotlight on oil prices: Report

In order to wean Saudi Arabia off its dependency on crude the kingdom needs higher oil prices

Oil price dips as record Covid-19 cases in India imperil demand revival

West Texas Intermediate slid 0.6%, though remains within the $5 range it has traded in since mid-March

Oil prices decline despite prospects for stronger global economic outlook

Oil prices eased on Wednesday despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opens the possibility of an easing of sanctions on its oil exports

Oil price slips to $64 as rising OPEC+ supply, Iranian output weighs

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. Iran is also boosting supply

Jet fuel price cut by 3% in line with softening international crude prices

In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices

Oil prices fall as Suez Canal opens, focus turns to OPEC+ output

Brent crude was down $1.02, or 1.6%, at $63.96 a barrel by 1334 GMT. West Texas Intermediate US oil was off by $1.16, or 1.9%, at $60.40 barrel

Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts

Brent crude was down 50 cents, or 0.8%, at $64.48 a barrel by 0851 GMT. US oil was off by 58 cents, or 0.9%, at $60.98 barrel

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 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

Oil prices slide on fresh Covid-19 curbs in Europe, stranded ship

Brent crude slid more than 2 per cent, to $61.64 a barrel at 7.57 pm (IST)

Oil prices slide as Covid lockdown concerns outweigh Suez Canal disruptions

Oil prices skidded around 2% as fuel demand concerns re-emerged alongside fresh lockdowns, trimming gains spurred by grounding of a giant container ship blocking crude shipments through the Suez Canal

Oil hits skids, drops 7% on worsening outlook for coronavirus in Europe

Oil prices plunged for a fifth day in a row on Thursday, posting their biggest-one day declines since last summer on growing worries about rising Covid cases in Europe and the strengthening US dollar

Oil prices slip for fourth day on Europe demand concern: IEA report

Several European countries have paused the use of AstraZeneca's Covid-19 vaccine due to worries over possible side effects

Dealing with cost-push inflation

At present, an important reason for the large leeway around the inflation target lies in the behaviour of the prices of oil and food, which can push prices more generally

Oil prices rise on economic outlook, drawdown in fuel stocks

Brent crude oil futures for May rose 79 cents

ONGC wants to reduce cycle from discovery to production, says chairman

State-owned company will hand over 49 oil fields to private players and is discussing listing its foreign subsidiary, says Shashi Shanker.

Don't cut fuel taxes

Roll-back will increase fiscal risks

Oil holds near 13-month high, supported by sharp drop in US output

U.S. West Texas Intermediate was down 49 cents or 0.8% at $62.73, after also hitting a 13-month high of $63.79

Oil prices rise 1% as Texas freeze prompts US production drop

NEW YORK (Reuters) - Oil climbed more than 1% on Wednesday as frigid Texas temperatures curtailed production in the largest U.S. crude producing state, with the unusual cold weather expected to hamper output for days or even weeks.

Bright Q3 at paint firms drives earnings upgrades, crude price a concern

Improving urban demand, revival in construction activity paint a rosy picture, but high valuations and rising input costs are concerns