Rising coronavirus cases, especially in Europe, are keeping gold supported, more so because of the possible economic fallout
The Prime Minister said 2020 has been a challenging year for the energy sector globally, with demand falling by almost one-third
US crude settled at $39.85 a barrel, falling 79 cents, or 1.9 per cent
Brent crude futures fell 23 cents to settle at $42.93 a barrel, and US West Texas Intermediate (WTI) crude futures dropped 8 cents to settle at $40.88 a barrel
The fragile state of US shale producers could mean the majority of supply growth next year will be driven by OPEC+
Libya's prized, light crude has long featured in the North African country''s civil war with rival militias and foreign powers jostling for control of Africa''s largest oil reserves
(Reuters) - Crude oil processed by Indian refiners slipped 26.4% from a year ago in August, the most in four months, as fuel demand remained subdued on skyrocketing coronavirus cases that hindered industrial and transport activity.
NEW YORK (Reuters) - Oil prices held steady on Thursday as a new wave of coronavirus cases in Europe led several countries to reimpose travel restrictions, offsetting a bullish drop in U.S. crude and fuel inventories.
The state-funded reserves are meant to tide over short-term supply disruptions and will take care of India's oil needs for 9.5 days
Negative divergence (RSI_14) on daily scale is being seen in Copper since July-end
India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates nosedived on demand evaporating, Petroleum Minister Dharmendra Pradhan said
Founded in Baghdad on September 14, 1960 to counter the power of seven US and British oil companies, Opec has repeatedly yielded to pressure from Washington
US West Texas Intermediate crude futures fell 20 cents, or 0.5%, to $37.85 a barrel at 0056 GMT, after climbing 3.5% on Wednesday
Crude futures in London, on Tuesday, fell below $40 a barrel for the first time since June 25
Crude is off to weak start in September as Covid-19 flare ups in various parts of the world threaten a sustained rebound in oil consumption
Crude oil has breached its range of 3,130-3,230 with volumes
Slow to adjust big-spending habits as oil revenues fall, the Gulf states are hurtling toward a moment of economic reckoning, prompting renewed debate over the future of nations
Lead has made narrow-bodied candles around 158-159 zone
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.
Brent crude futures rose 16 cents, or 0.4%, to $44.07, heading for a weekly rise around 0.5%