Page 5 - Global Oil Prices

Oil drops after strong rally, demand hopes, vaccine roollout limit losses

Crude stocks last week fell for a third straight week, dropping 6.6 million barrels to 469 million barrels, their lowest since March

Oil steadies at $55.89 a barrel as Covid-19-induced demand worries persist

Brent crude futures were up 8 cents, or 0.1%, at $55.89 a barrel by 1331 GMT, having hit a session low of $55.31

Saudi Aramco raises January crude oil price for Asia, document shows

Saudi Arabian state oil giant Aramco has raised the January price for its Arab light crude to Asia to $0.30 a barrel over Oman/Dubai crude, up $0.80 from December, a company document showed

Big oil stares at a long winter ahead as global fuel demand stays muted

With U.S. Covid-19 cases hitting a record this week and new lockdowns looming across Europe, the virus and its impact on petroleum demand show no sign of abating

Jet fuel price increased by 16.3% as international oil rates firm up

Simultaneously, petrol and diesel prices were hiked for the 10th day in a row

Don't stay on the sidelines; time to buy stocks as per risk appetite

As regards coronavirus, it is very difficult to give a timeline as when things will recover.

Oil drops to 13-month low on weak Chinese demand amid coronavirus outbreak

Oil has dropped more than 25% from a peak in January with US crude back below $50 a barrel after the spreading virus hit demand in China

Sensex ends 416 pts lower, Nifty below 12,300 as global oil prices shoot up

Brent crude prices surged past the $65 a barrel level as unrest hit key production regions

Global oil mkt well supplied, crude price to remain at $60/bbl: IEA chief

"Oil prices rising to triple digits, as some are people saying, is not something that I believe in," says International Energy Agency's Fatih Birol

2020 may see low oil prices on back of supplies from non-OPEC nations: IATA

Oil prices have a massive affect on Indian airlines, as ATF takes around 40 per cent of the total revenues of an airline

Oil falls on weak Chinese data, forecasts for US crude stocks build

Brent futures fell 45 cents, or 0.7%, to $61.57 a barrel, while US West Texas Intermediate (WTI) crude fell 85 cents, or 1.5%, to $55.81

Oil prices drop as Saudi Arabia says will resume full production in weeks

Attacks on crude-processing facilities at Abqaiq and Khurais resulted in the largest single supply disruption in half a century.

Sensex drops 262 points, rupee declines 1% as global oil price surges

The yield on the 10-year government security rose nearly 8 basis points to 6.71 per cent. Bond yields and prices move in opposite directions

Oil prices fall as worsening Sino-US trade war fuels fear of dip in demands

International benchmark Brent crude futures were at $58.70 a barrel by 0039 GMT, down 24 cents, or 0.41%, from their previous settlement and trading near seven-month lows

India must provide energy to the poor at minimum cost: IEA's Fatih Birol

Fatih Birol, executive director of IEA, talks about the possible impact of rising geo-political tensions in West Asia on the global energy market and the need for India to provide energy accessibility

Oil hovers near 6-week high amid Gulf of Mexico storm, West Asia tensions

By Thursday, oil companies in the Gulf of Mexico had cut more than 1 million barrels per day of output, or 53% of the region's production

Oil gains over 1% as Saudi stands by OPEC output cuts, US drilling drops

OPEC is expected to review global oil demand and supply balance as the group maintains production cuts during the April meeting, a senior Gulf oil official said on Monday

IEA sees US driving global oil supply growth over the next five years

Global oil demand growth is set to ease as China slows, but will still rise by an annual average of 1.2 million bpd to 2024

Why 12 huge oil tankers filled with seawater are on a trans-Atlantic voyage

In normal times, the vessels would be filled with heavy, high sulfur Middle East oil for delivery to refineries in places like Houston or New Orleans. Not now though

Two big producers have called the bottom for oil: $60 a barrel

OPEC, led by Saudi Arabia, agreed to cut oil output this year to support prices