Page 4 - Global Crude Oil Price

Closely monitoring global energy market, potential supply disruptions: Govt

Minister of state in Petroleum and Natural Gas while replying to Rajya Sabha informed that geopolitical situation between Russia-Ukraine has resulted in a steep rise in global crude oil and gas prices

Expensive crude oil pushing up raw material prices: Jindal Steel & Power MD

There is a need to control energy prices across the globe as rising crude oil rates, amid the Ukraine crisis, are making raw materials costlier for steel industry, said to a top industry executive

Oil hits almost decade high of $119 before Iran throttles the rally

Analyst says Iran deal can't replace Russia disruptions; OPEC and its allies have snubbed calls to accelerate output rises

World stocks slip, oil blasts past $110 as sanctions on Russia bite

In the latest tightening of restrictions on Moscow, the United States banned Russian flights using American airspace, following similar moves by the European Union and Canada

Biden announces release of 30 mn barrels oil to control global oil prices

Biden announced that his council has worked with 30 other countries to release millions of barrels of oil from American strategic reserves to maintain the global oil prices during Russia Ukraine war

IEA weighing potential oil stocks release after Russia invasion

Crude oil was trading around $104 a barrel on Tuesday as some buyers shunned Russian barrels after Western allies imposed sanctions on Moscow

Rising oil can burn Rs 1-trillion hole in govt coffers in FY23: SBI report

Based on the existing value-added tax (VAT) structure and taking Brent crude price of $100 - $110 per barrel, SBI believes diesel and petrol prices should have been higher by Rs 9-14 each by now

Oil's journey from worthless in the pandemic to $100 a barrel: An analysis

Benchmark Brent crude futures hit $100 a barrel on Wednesday for the first time since 2014 as Russian President Vladimir Putin ordered military operations in Ukraine

Oil price set to test fresh peaks barring Iran breakthrough

Hitting just under $100 a barrel on Tuesday, international crude prices are still a way off the all-time peak of more than $147 hit in July 2008

Oil prices rise as tight market looks to Russian-Western diplomacy

Brent crude futures rose 25 cents, or 0.3%, to $93.79 a barrel at 1000 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.4%, to $91.42 a barrel

Oil eases on profit-taking, Russia-Ukraine conflict remains key focus

Brent crude futures were at $95.60 a barrel by 0747 GMT, down 88 cents, or 0.9%, after rising $2.04 on Monday

Investors poorer by Rs 3 trillion; key reasons for today's market fall

The US Federal Reserve has indicated that they will begin hiking interest rates in the near future and that there will be multiple rate hikes this year.

Oil at highest since 2014 as OPEC panel advises sticking to plan

The market has tightened significantly following the economic recovery from the pandemic and supply disruption in the Gulf of Mexico due to Hurricane Ida

Banks, RIL help lift Sensex 403 pts; Bajaj duo gain up to 8%, Tata Steel 4%

The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively

India petrol, diesel prices complete a month without any revision

Petrol and diesel prices in the country remained static for the 30th consecutive day on Monday.

Oil mixed as US crude, gasoline inventories draw offset by OPEC+ standoff

Oil prices were mixed after a boost from a drop in US crude and gasoline inventories, but were still set for a weekly decline on concerns that an OPEC+ impasse could swell global crude supplies

Best of BS Opinion: Oil on the boil, the Muslim question, and more

Here are the best of Business Standard's opinion pieces for Thursday

Oil on the boil

Domestic production of oil and gas has been lagging

Oil inches higher as upbeat demand outlook counters supply concerns

Brent was up 33 cents, or 0.5%, at $69.79 a barrel by 1333 GMT

Oil prices up over $1 as potential snag emerges in reviving Iran deal

Former President Donald Trump withdrew the United States from the deal in 2018 and re-imposed sanctions.