Page 7 - Oil Prcies

Macron supports introduction of price ceiling for Russian gas by G7 states

Italian Prime Minister Mario Draghi has also supported the idea of a price ceiling for Russian gas, according to the French leader.

Global stocks, oil and copper fall as investors expect Fed rate hike

Fed is expected to deliver another 75-basis-point interest rate hike in July, followed by a half-percentage-point rise in September

Sri Lanka's economy 'has collapsed,' unable to buy oil: PM Wickremesinghe

Sri Lanka has been muddling through mainly supported by $4 billion in credit lines from neighbouring India.

'Global trends, foreign fund movement, oil prices to guide mkts this week'

Relentless selling by FIIs is a key concern for the Indian markets. Rupee movement and development of monsoon will be other important factors for the market, says an analyst

Oil slumps 5%, US gasoline price drops 6% as dollar reaches record high

With the Fed expected to keep raising interest rates, open interest in WTI futures on the New York Mercantile Exchange fell on Thursday to its lowest since May 2016

Oil rises on tight supply and Iran sanctions, though rate hikes weighs

Brent crude was up $1.13, or 0.9%, to $120.94 a barrel at 1016 GMT, and U.S. West Texas Intermediate (WTI) crude had gained $1.03, or 0.9%, to $118.62

Oil prices fall as investors bet US Fed will announce a 75 bps hike

Brent crude futures for August were down $1.27, or 1%, at $119.90 a barrel as of 1001 GMT, in volatile trading

Oil climbs to two-month high ahead of EU meeting on Russia sanctions

Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at 0111 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped 60 cents, or 0.5%, to $115.67 a barrel

Oil eases after surging previously on Russia's sanctions on EU companies

On Wednesday Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February

Rising oil prices, inflation to hit India's smartphone market in 2022

The biggest challenge this year will be maintaining device affordability in India, according to global market research firm Canalys

Oil prices settle mixed amidst Russia supply, demand concerns

The front-month WTI crude futures contract, which expires on Wednesday, rose 19 cents to settle at $102.75, unchanged

Oil falls 4% to below $100 per barrel on worsening China demand outlook

Brent crude for June delivery was down $3.93, or 3.8 per cent, at $98.85 a barrel by 1130 GMT

'India's import of Russia oil less than 1% of total; share from US to rise'

In the financial year 2020-21 (April 2020 to March 2021), India imported 14 million tonnes of crude from the United States, representing 7.3 per cent of total imports

Oil prices climb 3% after IEA warns of 3 mn bpd shortfall in supply

Oil prices climbed about 3% on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products from April.

US ban on Russia oil may leave more cargoes at sea with no buyers: Analysts

US ban on Russian oil imports is likely to leave more cargoes at sea with no buyers, and the EU's decision to continue imports was unlikely to make much difference to disarray in Russian oil trade

Global shares fall, oil rises in volatile trading post Russia oil ban by US

Global share markets fell on Tuesday as oil prices climbed yet further, driven by the United States banning Russian oil and other energy imports over Moscow's invasion of Ukraine

No decision made on ban of Russia oil imports: US amid rising energy prices

Amid concerns about rising energy prices over the Russia-Ukraine situation, the United States has said no decision has been made by the Biden administration about a ban on importing oil from Russia

Brazil govt appoints Rodolfo Landim as chairman of Petrobras board

Brazil's government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer's board, the company said in a filing on Saturday night

Oil rebounds as escalating Ukraine conflict raises supply concerns

Global stocks fell and oil prices rose on signs of an escalation in the Russia-Ukraine conflict after reports of a fire at a Ukrainian nuclear power plant after an attack by Russian troops

Euro testing support as Russia-Ukraine crisis looms large over growth

The euro was under pressure on Wednesday as intensifying Russian bombardment of Ukraine's cities and a surging oil price raised investor concerns about a hit to Europe's economy and growth