Page 8 - Oil Market

Dollar loses steam, euro steadies as oil backs off in volatile day

By David Henry and Saikat Chatterjee

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

Iraq builds up grip on India oil market with highest volumes in 29 months

India's imports of oil from Iraq surged in January to a 29-month high of about 1.3 million bpd, making up nearly a third of the supplies to India, says data from shipping and industry sources.

Oil prices ease after 7-year high as Ukraine hints at concessions to Russia

Brent crude was down 81 cents, or 0.9%, at $93.63 a barrel by 1259 GMT, off an ealier peak of $96.16, the highest since October 2014

Oil up as US inventories fall to lowest since Oct 2018 but Iran talks weigh

Brent crude futures rose 65 cents, or 0.7%, to $92.20 a barrel at 1140 GMT, while U.S. West Texas Intermediate crude was at $90.64 a barrel, up 98 cents, or 1.1%

Oil prices fluctuate as market focuses on tight supply, US-Iran talks

By Yuka Obayashi

Oil market set for seventh weekly climb as WTI nears $92 a barrel

Oil powered toward a seventh straight weekly gain as investors zeroed in on a fast-tightening global market and geopolitical tensions

MEIL's Drillmec to set up $200 mn oil rig manufacturing hub in Telangana

Drillmec SpA, a subsidiary of the city-based Megha Engineering and Infrastructures Limited group, will be setting up its global manufacturing hub in Telangana with an investment outlay of $200 min

Oil steadies near 7-year high as Biden vows to curb inflation

Futures in New York traded near $87 a barrel after advancing almost 6% over the past three sessions

Key Iraq oil pipeline resumes operation following explosion in Turkey

A pipeline that carries oil from Iraq to world markets resumed operating Wednesday after an explosion in southeastern Turkey forced it to shut down for several hours.

Shrink to fit: The year Europe's Big Oil starts to become Small Oil

Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies

Confusing signals for OMCs with crude supply-demand equation set to change

Lower oil prices can improve margins, but they could impact inventory value while a third Covid wave can potentially hurt growth

Explained: How the release of SPR oil is more politics than economics

India agreed to release 5 mn bbl of crude oil from its SPR at an unspecified time

US oil prices rise to highest since 2014 amid global energy crunch

US oil prices rose for a fifth day on Wednesday to their highest since 2014 amid global concerns about energy supply on signs of tightness in crude, natural gas and coal markets.

Petrol, diesel prices rise again amid volatility in global oil market

The prices of petrol and diesel rose simultaneously again on Tuesday amidst volatility in the global oil prices with benchmark crude increasing to above $80 a barrel.

Saudis triumph in oil market with comeback from Covid-19 crisis

Eighteen months after slashing crude production during the pandemic, Riyadh is set to pump at almost pre-Covid levels of 9.8 million barrels a day this month

OPEC+ considers options for releasing more oil to the market: Sources

The nearest month any increase could occur is November since OPEC+'s last meeting decided the October volumes

Petrol, diesel prices rise again amid volatility in global oil market

In Mumbai, the petrol price increased by 21 paisa per litre to Rs 107.99 per litre, while diesel rates rose to about Rs 97.80 a litre

Hess sees tight oil market in near term, underinvestment risk ahead

MELBOURNE (Reuters) -Hess Corp sees oil markets remaining tight in the short term and supporting strong prices as demand recovers more quickly than supply post-pandemic with U.S. shale producers holding back capital spending, its president said on Monday.