Page 45 - Crude Oil

Oil holds above $80 as IEA warns of volatility, higher prices

Crude has surged this year as a rebound in activity from the pandemic has boosted consumption, depleting inventories

Oil whipsaws in volatile session as energy crunch stokes recovery concerns

Energy crunch stokes inflation, economic recovery concerns

Crude oil jumps to multi-year highs on global energy crunch

Brent crude was up $1.45, or 1.8%, at $83.84 a barrel by 1336 GMT, its highest since October 2018

Oil rises 4% in week as energy crunch shows no signs of easing

Oil rose on Friday, gaining about 4% on the week as a global energy crunch boosted US prices to their highest in almost seven years as big power users struggle to meet demand

Oil touches 7-year high after Opec+ sticks to plan for gradual output hike

Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day

Top headlines: Govt sets Air India reserve price; world fears inflation woe

Opec says India will be hooked on oil for years to come. Sharp rise in natural gas prices, power outages worsen inflation worries. More in top headlines of the day

OPEC forecasts crude oil demand rebound before post-2035 plateau

Oil use will rise by 1.7 million barrels per day in 2023 to 101.6 million bpd, OPEC said its 2021 World Oil Outlook

Petrol, diesel prices hiked; more to come as crude nears $80/barrel

Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices neared USD 80 per barrel mark for the first time in three years. The price of petrol was hiked to Rs 101.39 a litre in Delhi from Rs 101.19 and to Rs 107.47 per litre in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates went to Rs 89.57 a litre in Delhi and Rs 97.21 in Mumbai. Prices differ from state to state depending on the incidence of local taxes. This is the first price increase in petrol in more than two months and the fourth in case of diesel. The increase followed international oil prices rising for the fifth consecutive day and global benchmark Brent heading for USD 80 per barrel. Tuesday was the first increase in petrol price since state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) on September 24 resumed daily price revisions, ending the pause in rates that had effected s

Hess sees tight oil market in near term, underinvestment risk ahead

MELBOURNE (Reuters) -Hess Corp sees oil markets remaining tight in the short term and supporting strong prices as demand recovers more quickly than supply post-pandemic with U.S. shale producers holding back capital spending, its president said on Monday.

Vitol CEO sees global gas market set for reasonably bullish 5-year outlook

Extreme cold weather last winter thinned natural gas stocks in the West and inventories have failed to be rebuilt in time, resulting in record prices near $26 per million British thermal units (mmBtu)

Oil prices near highest since 2018 on global energy crunch

Various underlying oil market gauges are also pointing to a strengthening market

India's crude oil production falls 2.3% in August, gas output rises

India's crude oil production fell 2.3 per cent in August but natural gas output rose by more than a fifth on the back of output from KG-D6 fields of Reliance-BP

India's oil imports rose to four-month high in August, shows data

Oil imports last month rose about 23% from July and about 6.2% from the same month last year

Oil prices fall to $74 on risk-averse mood, US Gulf output

A stronger dollar makes US dollar-priced oil more expensive for holders of other currencies and generally reflects higher risk aversion, which tends to weigh on oil prices

Amid tapering fears, rising imports, rupee to face pressure next week

Global anxieties along with rising imports and persistently high crude oil prices will weaken the Indian rupee in the coming week.

Oil prices scale six-week high as Hurricane Nicholas hits US Gulf

Oil prices hit a six-week high on Tuesday as Hurricane Nicholas weakened into a tropical storm, bringing the threat of widespread floods and power outages

Oil prices rise to six-week high as US supply concerns dominate

Oil prices rose to a six-week high on Monday as US output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast

Here's why US crude oil supplies took such a big hit from Hurricane Ida

The damage to offshore platforms, pipelines and even helipads was so severe that two out of every three barrels of crude normally pumped from the U.S. sector of the Gulf of Mexico are unavailable.

Oil prices rise today amid slow supply return after Hurricane Ida

MELBOURNE (Reuters) - Oil prices rose on Wednesday, paring overnight losses, with producers in the U.S. Gulf of Mexico struggling to restart operations nine days after Hurricane Ida swept through.

Oil steady as Ida outages offset Saudi Arabia's cuts in crude prices

Oil held steady with Saudi Arabia's cut in crude prices for Asian buyers raising the prospect of fierce competition among sellers