Page 44 - Crude Oil
Crude oil tests $95 per barrel; Saudi Arabia increases oil prices
Other Asian grades jumped by between 40 and 70 cents a barrel. US prices were increased by 30 cents
 "Crude oil tests $95 per barrel; Saudi Arabia increases oil prices")
Oil dips from seven-year high as Russia tensions offset Fed tightening
Prices had surged on Wednesday, with Brent climbing above $90 a barrel for the first time in seven years amid tensions between Russia and the West.
 "Oil dips from seven-year high as Russia tensions offset Fed tightening")
Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts
Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen
 "Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts")
India's high foreign exchange reserves not enough to shield rupee
A sharp rise in oil import bill has led to a big decline in forex reserves to imports in FY22
 "India's high foreign exchange reserves not enough to shield rupee")
Oil breaks $90/bbl for the first time since 2014 on Russia tensions
U.S. Secretary of State Tony Blinken said the United States will make sure global energy supplies are not interrupted if Russia takes action
 "Oil breaks $90/bbl for the first time since 2014 on Russia tensions")
Brent crude oil rallies towards $89 a barrel with focus on Ukraine
Wider markets also rallied on Wednesday, as this week's sell-off started to ease.
December crude oil imports at one-year peak amid strong demand prospects
Asia's third-biggest economy imports and exports refined fuels as it holds surplus refining capacity
 "December crude oil imports at one-year peak amid strong demand prospects")
South Korea and Saudi Arabia need crude oil but eye clean energy
A delegation led by South Korea's president visiting Saudi Arabia inked a preliminary deal to explore a project to develop a potentially cleaner form of energy
 "South Korea and Saudi Arabia need crude oil but eye clean energy")
Oil headed for a 4th straight weekly gain, longest streak since October
Brent crude futures rose $1.16, or 1.4 per cent, to a two-and-a-half month high of $85.63 a barrel at 1125 GM
China's crude oil imports for 2021 post first annual drop in 20 years
The drop compares with an average annual import growth rate of nearly 10% since 2015
Oil prices edge lower on profit-taking, interest rate hike worries
Oil prices typically move inversely to the U.S. dollar, with a stronger greenback making commodities more expensive for those holding other currencies
Crude oil prices shrug off Omicron variant slump, soar to 2-month highs
Federal Reserve Chairman Jerome Powell said the economy of the United States, the world's biggest oil consumer, should weather the current Covid-19 surge with only 'short-lived' impacts
 "Crude oil prices shrug off Omicron variant slump, soar to 2-month highs")
Oil gains before US stockpiles data as China tackles Omicron variant
West Texas Intermediate (WTI) added 0.9 per cent after capping a two-day drop
Crude oil prices hold near $80 after OPEC+ output hike decision
Brent crude futures were up 37 cents, or 0.46%, to $80.37 a barrel by 1210 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.38%, to $77.28
Mexico aims to suspend crude oil exports by 2023: State-owned Pemex
Mexico's state-owned oil company Petroleos Mexicanos (Pemex) is looking to suspend its crude exports by 2023 to allocate all of its output toward domestic consumption, CEO Octavio Romero has said.
India's crude imports hit 10-month peak as refiners bank on strong demand
India's crude oil imports in November rose to their highest level in 10 months as refiners stocked up to boost runs in anticipation of strong demand
 "India's crude imports hit 10-month peak as refiners bank on strong demand")
IOC to invest Rs 9,028 crore for setting up a new crude oil pipeline
IOCL operates a network of more than 15,000-km long crude oil, petroleum product and gas pipelines
 "IOC to invest Rs 9,028 crore for setting up a new crude oil pipeline")
Crude oil prices can hit $100 a barrel in 2022, say analysts
Crude oil market, according to Goldman Sachs, is pricing in a far larger demand hit than during Delta - equivalent to no planes flying for the next three months
 "Crude oil prices can hit $100 a barrel in 2022, say analysts")
India's crude oil production continues to slide; down 2% in November
India's production of crude oil continued to decline in November, with lower output from state-owned firms leading to an over 2% drop, official data released on Tuesday showed
Tumble in spot premiums spurs Asia refiners' buying of Mideast oil
Easing concerns about the impact of new coronavirus variant Omicron on Asia's fuel demand are also supporting Asian refiners' margins, trade sources said.