Page 11 - Oil And Gas

Oil edges higher as OPEC+ keeps to steady supply bump, US stockpiles draw

Brent crude ended settling up 31 cents to $89.47 a barrel, while U.S. West Texas Intermediate crude gained 6 cents to $88.26 a barrel.

Oil posts biggest monthly gain in a year on tight supply, Ukraine tensions

The most-active Brent contract, for April delivery, traded 74 cents higher, or 0.8%, to settle at $89.26 per barrel.

Oil dips from seven-year high as Russia tensions offset Fed tightening

Prices had surged on Wednesday, with Brent climbing above $90 a barrel for the first time in seven years amid tensions between Russia and the West.

Oil breaks $90/bbl for the first time since 2014 on Russia tensions

U.S. Secretary of State Tony Blinken said the United States will make sure global energy supplies are not interrupted if Russia takes action

Oil rallies toward $89 with focus on stockpile draw, Russia-Ukraine tension

In another key development, the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meets on Feb. 2 to consider another output increase.

Oil rises on concerns global political risks could tighten supplies

Brent futures rose $1.93, or 2.2%, to settle at $88.20 a barrel

December crude oil imports at one-year peak amid strong demand prospects

Asia's third-biggest economy imports and exports refined fuels as it holds surplus refining capacity

Oil price rise on supply fears amid tensions in Eastern Europe, Middle East

TOKYO (Reuters) -Oil prices rose on Monday on worries about supply disruption amid rising tensions in Eastern Europe and the Middle East, which could make an already tight market even tighter, while OPEC and its allies continued to struggle to raise output.

Oil prices climb 1% amid tensions in Eastern Europe, tight supply outlook

Brent crude futures rose 87 cents, or 1.0%, to $88.76 a barrel by 0100 GMT, reversing a 0.6% loss on Friday.

Biden officials talking to Qatar about supplying gas to Europe: Report

Europe gets more than 40% of its natural gas from Russia, and about a third of Russian gas flowing to Europe passes through Ukraine.

Oil slides on Friday, but climbs for 5th week on supply concerns

Brent futures fell 49 cents, or 0.6%, to settle at $87.89 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 41 cents, or 0.5%, to settle at $85.14

Crude oil prices hold near $80 after OPEC+ output hike decision

Brent crude futures were up 37 cents, or 0.46%, to $80.37 a barrel by 1210 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.38%, to $77.28

Oil steadies as investors weigh impact of surge in Omicron cases

The United States reported nearly 1 million new coronavirus infections on Monday, the highest daily tally of any country in the world

OPEC and allies to decide crude oil output amid omicron spike

Analysts say the group is likely to add 400,000 barrels of oil per day in February, sticking with the road map it has followed since August

Economic recovery to stoke demand for petroleum products: A CRISIL analysis

Demand is expected to increase further by 6-8 per cent in FY23, driven by healthy demand growth in the liquid petroleum gas (LPG) and naphtha segments

India's gasoil sales rise in Dec, but Omicron seen dampening demand

Movement of gasoil-consuming trucks in India picked up in December as more fruits and vegetables were transported across the country than usual that month

Oil prices climb again as fall in US inventories boosts demand sentiment

Brent crude rose 26 cents, or 0.3%, at $79.20 a barrel by 0759 GMT. U.S. West Texas Intermediate (WTI) crude climbed 19 cents, or 0.2%, to $76.17 a barrel

Indian Oil Corp acquires 5% stake in IEX subsidiary Indian Gas Exchange

IOC joins the likes of oil and gas explorer ONGC, gas utility GAIL Torrent Gas Pvt Ltd and Adani Total Gas Ltd which already have acquired 5 per cent equity each in IGX

India refiners' November crude processing at near 2-year high

Refiners processed 5.25 million barrels per day (21.48 million tonnes) last month, up 5.9% from 4.96 million bpd in October

Oil Ministry launches seventh round for auction of oil and gas blocks

Since 2016, five rounds of Open Acreage Licensing Programme blocks have been concluded and 105 for Exploration and Production.