Page 3 - Oil Price Rise
Sri Lanka's state-run oil company raises fuel price amidst economic crisis
The state-run Ceylon Petroleum Corporation's (CPC) new price of 92 octane petrol Rs 338 per litre is an increase of Rs 84 and now matches the per litre price of Lankan Indian oil company (LIOC)
 "Sri Lanka's state-run oil company raises fuel price amidst economic crisis")
Oil and gas price hike supports upstream profitability of producers: Fitch
The more than doubling of natural gas prices and rise in oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries Ltd, Fitch Ratings said on Tuesday
 "Oil and gas price hike supports upstream profitability of producers: Fitch")
'Shameless fleecing' of public must stop: Cong on fuel price hike
Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth increase in five days as oil firms passed on to consumers the spike in cost of raw material
 "'Shameless fleecing' of public must stop: Cong on fuel price hike")
Saudi Aramco 2021 profit soars on oil price hike, plans capex boost in 2022
Saudi Arabian state oil giant Aramco on Sunday reported a more than doubling of annual net profit in 2021, boosted by higher oil prices, and announced plans to sharply lift capital expenditure in 2022
 "Saudi Aramco 2021 profit soars on oil price hike, plans capex boost in 2022")
Oil prices climb as traders assess supply risks
Brent crude for May delivery increased 1.29 dollars, or 1.2 per cent, to close at 107.93 dollars a barrel on the London ICE Futures Exchange, as traders weighed supply risks.
 "Oil prices climb as traders assess supply risks")
Oil prices climb as Russia-Ukraine ceasefire talks stoke volatile trading
Oil prices rose early on Wednesday, bouncing back after earlier falling more than $1 a barrel, as Russia's invasion of Ukraine continues to dominate volatile trading
Indian economy progressing well; high oil prices pose risks: Ashima Goyal
India's economic recovery from Covid is progressing well and the trajectory will continue but persistently high oil prices can play spoilsport, economist Ashima Goyal said
 "Indian economy progressing well; high oil prices pose risks: Ashima Goyal")
Indonesia to India: How oil's surge is impacting Asia stock markets
The historic surge in oil is reshaping the outlook for Asian equity and currency markets, as the specter of prolonged high prices exposes the vulnerability of energy-dependent countries
 "Indonesia to India: How oil's surge is impacting Asia stock markets")
Oil shock is coming, but US may have already paid for it: Report
The gusher of money the US government poured into family bank accounts during the coronavirus pandemic may now help limit the economic damage from Russia's invasion of Ukraine
 "Oil shock is coming, but US may have already paid for it: Report")
A Rs 12 hike in petrol, diesel price needed to break-even: ICICI Securities
Crude oil prices shot above USD 120 a barrel for the first time in nine years on Thursday before retreating a little to USD 111 on Friday, but the gulf between cost and retail rates has only widened
 "A Rs 12 hike in petrol, diesel price needed to break-even: ICICI Securities")
India to raise fuel prices from next week amid concern over inflation
State oil companies have told the government that they need a price increase of 10-12 rupees per litre for petrol and diesel, an official said
 "India to raise fuel prices from next week amid concern over inflation")
Brent soars to $119, highest since May 2012, as US sanctions target Russia
The gains followed the latest round of US sanctions on Russia's oil refining sector that raised concerns that Russian oil and gas exports could be targeted next
 "Brent soars to $119, highest since May 2012, as US sanctions target Russia")
Indian trade, current account deficit seen widening, rupee under pressure
India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data shows
 "Indian trade, current account deficit seen widening, rupee under pressure")
Explained: Why $100 oil could hurt the energy transition more than it helps
When fossil fuel prices rise, consumers start to take electric vehicles and clean energy alternatives more seriously - not just for their environmental benefits but in hopes of eventually saving cash
 "Explained: Why $100 oil could hurt the energy transition more than it helps")
Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers
India's benchmark 10-year bond yield was at 6.83% at 0555 GMT, after earlier rising to 6.85%, its highest since Feb. 4
 "Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers")
Oil soars to $113 as Russian supply disruptions increase amid sanctions
Brent crude futures rose by more than $8, touching a peak of $113.02 a barrel, the highest since June 2014, before easing to $111.53, up by $6.56 or 6.3% by 0950 GMT
Oil prices jump as Russia-Ukraine conflict stokes supply concerns
Russia, which calls its actions in Ukraine a "special operation", exports some 4 million to 5 million barrels per day of crude oil, and 2 million to 3 million barrels per day of refined products
 "Oil prices jump as Russia-Ukraine conflict stokes supply concerns")
Oil prices surge as Russian invasion of Ukraine rings supply alarm bells
Brent crude rose $2.81, or 2.8%, to $101.89 a barrel at 0738 GMT on Friday, after climbing to as high as $101.99
Indian bond yields rise, rupee falls as Ukraine tensions escalate
India's benchmark 10-year bond yield closed at at 6.75%, up 6 basis points from its previous close
Ukraine war fears pummel global stocks, lift oil to seven-year high
The broader Euro STOXX 600 fell as much as 1.9% to a seven-month low before clawing back some of its losses
 "Ukraine war fears pummel global stocks, lift oil to seven-year high")