Page 3 - Global Oil Prices

Oil prices hit 14-year high on Russia oil ban talks, Iran crude deal delay

Oil prices jumped on Monday to their highest levels since 2008 as US, European allies considered banning Russian oil imports while it looked less likely that Iranian oil would return to global markets

Petrol, diesel prices set to rise Rs 15-Rs 22 per litre from next week

It is widely expected that the OMCs will revise the current prices on or after March 7, which is the last day of voting in the ongoing state assembly elections

A Rs 12 hike in petrol, diesel price needed to break-even: ICICI Securities

Crude oil prices shot above USD 120 a barrel for the first time in nine years on Thursday before retreating a little to USD 111 on Friday, but the gulf between cost and retail rates has only widened

Brent soars to $119, highest since May 2012, as US sanctions target Russia

The gains followed the latest round of US sanctions on Russia's oil refining sector that raised concerns that Russian oil and gas exports could be targeted next

Oil soars to $113 as Russian supply disruptions increase amid sanctions

Brent crude futures rose by more than $8, touching a peak of $113.02 a barrel, the highest since June 2014, before easing to $111.53, up by $6.56 or 6.3% by 0950 GMT

Oil markets hit multiple milestones after sanctions on Russia

Brent crude topped $112 a barrel on Wednesday, the highest since 2014, shrugging off news that several developed countries plan to release a record 60 mn barrels of petroleum reserves to cool prices

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

Oil prices jump as Russia-Ukraine conflict stokes supply concerns

Russia, which calls its actions in Ukraine a "special operation", exports some 4 million to 5 million barrels per day of crude oil, and 2 million to 3 million barrels per day of refined products

Asian shares firmer as Ukraine market panic takes a breather amid dialogue

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.42% and Japan's Nikkei jumped 1.47%

Oil soars as Russian energy supply fears intensify amid Western sanctions

Brent crude rose $2.65, or 2.7%, to $100.58 by 1255 GMT after touching a high of $105.07 a barrel in early trade

Oil prices soar as Western sanctions and pressures on Russia mount

Brent crude rose $4.16, or 4.3%, to $102.09, at 0915 after hitting a high of $105.07 a barrel in early trade

Oil soars as Russia puts nuclear forces on alert, bank sanctions bite

At 0643 GMT Brent crude futures were up $4.69, or 4.8%, at $102.62, after hitting a high of $105.07 a barrel in early trade

Oil prices take breather as Russia advances further on Ukraine

U.S. West Texas Intermediate (WTI) crude were down 30 cents, or 0.3%, to $92.51 a barrel, after hitting a session high of $95.64

Oil prices surge as Russian invasion of Ukraine rings supply alarm bells

Brent crude rose $2.81, or 2.8%, to $101.89 a barrel at 0738 GMT on Friday, after climbing to as high as $101.99

Indian Oil Corp buys first Russian Urals crude in 2 years as prices slump

Urals crude was last imported by IOC at its Paradip port in April 2020, Refinitiv's trade flows data showed

Oil price steadies on waning supply worries over Russia-Ukraine crisis

Brent crude rose 11 cents, or 0.01%, to $96.95 a barrel at 0730 GMT, after soaring as high as $99.50 on Tuesday, the highest since September 2014

Oil nears $100: Petrol, diesel price hike coming after elections

Domestic fuel prices - which are directly linked to international oil prices - have not been revised for a record 110 days in a row

Oil prices fall 0.4% on fresh hope of diplomacy over Ukraine crisis

Brent crude slipped to $93.14 a barrel at 0730 GMT, down 40 cents or 0.4%, after earlier touching $95

Brent crude drops 2% to $91.14 per barrel on Iranian oil hopes

Brent crude futures fell $1.83, or 1.9%, to $91.14 a barrel by 1425 GMT, extending a 1.9% drop from the previous session

Oil heads for weekly fall on Iranian oil hopes

Oil prices head for a weekly fall after losses on Friday as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis.