Page 4 - Oil Prices Slip

Oil prices at 7-month low, but no change in petrol, diesel prices in India

International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost. International benchmark Brent crude fell below USD 90 per barrel last week for the first time since early February as recession fears weigh on demand. It has since recovered and is trading at USD 92.84 per barrel, the lowest in six months. Prices fell despite bullish developments, including Russia keeping the North Stream pipeline offline and producers cartel OPEC and its allies (OPEC+) cutting production. But this has not led to any revision in retail petrol and diesel prices in India and they continue to be on freeze for a record-setting 158 days. Responding to reporters' questions on no change in fuel prices, oil minister Hardeep Singh Puri had on Friday sought to link the no revision to losses state-owned fuel retailers incurred in keep

Oil prices dip on rate-hike, demand fears; benchmarks down by 4% this week

Oil prices turned down in early trade on Friday after a slight rebound in the previous session, leaving them set to fall for a second straight week on worries that central banks' aggressive rate hikes

Oil prices fall further as China extends Covid curbs to stop transmission

China's Chengdu extended a lockdown for a majority of its more than 21 mn residents to prevent further transmission of Covid while millions more in other parts the country were told to shun travel

Oil falls to 7-month low on renewed demand fears, rate hike expectations

Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of interest rate hikes spurred worries

Oil prices fall on renewed demand concerns, interest rate hike expectations

Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth

Oil prices tumble 2% as China's Covid-19 lockdowns stoke demand fears

Asia's factory activity slumped in August as China's zero-COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday

Oil prices slump again, hit by demand concerns over Covid-19 restrictions

Some OPEC+ members have called for cuts. The group is next due to meet on Sept. 5 amid weakening demand in Asia that spurred Saudi Arabia to lower its official selling prices to that region

Crude oil prices fall by over $3 on inflation worries, Iraq exports

Oil prices fell Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes

Oil prices slip as inflation woes outweigh possible OPEC+ output cuts

IEA members nations could release more oil from strategic petroleum reserves (SPR) if they find it necessary when the current scheme expires, the head of the agency also said

Wall Street reminded of risks as Fed mulls intervention; oil prices fall

The Dow Jones Industrial Average fell 0.54% to 33,813.96, the S&P 500 lost 0.67% to 4,254.83 and the Nasdaq Composite declined about 1% to 12,837.36

Oil prices extend losses on inflation, demand worries; hits 5-month low

Oil prices extended losses, after hitting their lowest since before Russia's February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation

Oil prices fall by 1% over fuel demand worries ahead of OPEC+ meeting

Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar

Oil prices drop by 63 cents to $103.34 ahead of OPEC+ meeting on Aug 3

Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments

Oil prices slump over 3% as stockpiles, rate hikes stoke demand worries

LONDON (Reuters) -Oil prices fell more than $3 on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns.

Oil drops as China's rising Covid cases renew fuel demand concerns

China, the world's second-largest oil consumer, on Sunday reported 691 new Covid cases for Saturday, up from 547 the previous day, with locally transmitted cases at the highest since May 23

Oil prices rebound from Tuesday tumble as supply concerns regain footing

Oil prices have risen owing to supply concerns worldwide

Oil slumps $6 a barrel as Biden pushes for U.S. fuel cost cuts

Seven oil companies are set to meet Biden on Thursday, under pressure from the White House to drive down fuel prices as they make record profits

ONGC sees crude oil production rising 11%, gas output jumping 25% by FY25

Reversing the declining trend of the past few years, ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25%

Oil price surge fans inflation fears, weakens US, European stocks

LONDON (Reuters) - European shares opened weaker on Tuesday and Wall Street was tipped for a fall, as surging oil prices fanned fears of further acceleration in global inflation, forcing the U.S. Federal Reserve and other central banks to keep raising interest rates.

Oil prices recoup losses based on renewed supply worries, dollar weakness

NEW YORK (Reuters) -Oil prices rebounded from earlier losses on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.