Page 4 - Oil Prcies

Saudi Arabia and Russia are cutting oil supply again in bid to boost prices

Russia will reduce its oil exports by 500,000 bpd in August; Saudi said it would extend its cut of 1 mbpd till August

TMS Ep454: India in AI race, oil prices, OMCs stocks, Giving Pledge

Can India catch up in AI tech development? Why are Indian oil companies not reducing prices? Is it a good time to invest in OMCs? What is the Giving Pledge? All answers here

Oil prices rise on possible OPEC+ cuts, progress in US debt ceiling deal

Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over US monetary policy

Oil slides 4% on worries about US debt ceiling, OPEC+ discussions

Some hard-right Republican lawmakers said they might oppose a deal to raise the debt ceiling in the United States, the world's biggest oil user

Oil extends loses by 5%, falls below $73 a barrel; Brent futures dips 3%

Both benchmarks closed at their lowest since late March in the previous session, when they also recorded their biggest one-day percentage declines since early January

Russia's flagship oil is moving ever closer to $60 per barrel cap

The price of Russia's flagship Urals crude at the point of export is getting closer to the $60 limit, data from Argus Media Ltd. show

India keeps gas prices steady as government mulls new rate regime

The government sets the price of gas from domestic fields every six months, however this time around it decided to keep any changes on hold for the period beginning April 1

Oil prices down on China outlook, spotlight on possible rate hikes

At the same time, oil prices are likely to be impacted by rate hikes across the world as global central banks tighten policy over fears of increasing inflation

Oil prices stable as market awaits Federal Reserve, OPEC decisions

WTI is trading in contango, which means front-month delivery contracts are trading higher than later deliveries, indicating current oversupply

Oil prices firm for a second session on upbeat US economic data

Oil prices rose for a second session on Friday, buoyed by stronger than expected U.S. economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand

Oil prices set for second week of gains on brighter China outlook

Brent futures for March delivery gained 26 cents, or 0.3%, to $86.42 a barrel by 0655 GMT, while U.S. crude advanced 43 cents to $80.76 per barrel, a 0.5% gain

Oil prices head for solid weekly gain of 6% on China demand hopes

Brent crude futures fell 17 cents, or 0.2%, to $83.86 a barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures slipped 12 cents, or 0.2%, to $78.27

Oil prices settle higher amid supply disruption on Druzhba pipeline

Brent crude futures rose 72 cents to settle at $93.86 a barrel, while U.S. West Texas Intermediate crude rose $1.05 to $86.92

Oil prices drop as coronavirus outbreaks in China dent fuel demand

Brent crude futures dropped by 22 cents, or 0.2%, to $94.45 a barrel at 0025 GMT after falling 1.5% in the previous session

Oil prices slip as dollar firms, but supply worries check losses

Brent crude shed 44 cents, or 0.5%, to $95.72 a barrel at 0146 GMT, while US West Texas Intermediate (WTI) crude futures retreated 59 cents, or 0.7%, to $89.41

Oil prices climb on demand hopes after big drawdown in US crude stocks

Brent crude futures picked up 17 cents, or 0.1%, to $94.82 a barrel at 0014 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 26 cents, or 0.3%, to $88.63 a barrel

Oil prices edge lower as China's extensive Covid-19 curbs dampen demand

Brent crude for January delivery was down 4 cents at $92.77 a barrel at 0112 GMT. The December contract expired on Monday at $94.83 a barrel, down 1%

Buoyant Wall Street boosts world, European stocks; oil prices slide

World and European shares turned higher on Friday as Wall Street extended gains amid hopes of a slowdown in some central banks' rate hikes

Oil prices lose ground as market jittery over demand risks

Both OPEC and US Energy Department have cut their demand outlooks, while a flare-up in Covid cases in China has sparked fresh concerns over fuel consumption in the world's top crude importing-country

Analysts expect fuel prices to go up if global prices rise further

Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday