Page 20 - Oil Prices

Centre may allocate Rs 44,000 cr to oil firms to compensate for LPG losses

The central government is planning to allocate Rs 44,000 crore as compensation to oil companies for losses they have been bearing by selling LPG at below-market rates, a report said

Oil dips as investors torn by tight supply worries and recession fears

Oil prices slipped in early Asian trade after a rebound in the previous session, as investors remained torn between worries over tight global supplies and fears a recession could dampen demand

India's export curbs, tax hike to exacerbate global diesel, petrol shortage

India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline exports in the second half of the year

Oil prices bounce back from Tuesday tumble as supply concerns return

Brent crude futures rose as much as $3.08, or 2.9%, to $105.85 a barrel in early trade after plunging 9.5% on Tuesday, the biggest daily drop since March

Rebound in oil prices gives world stocks a lift in holiday trade

A rebound in oil prices on concerns of tight supply gave world stocks a lift on Monday in a session hit by a US holiday

Opec+ struggles to meet its supply targets amid high crude prices

A recovery from Covid-19 and a shortage of refining capacity to make fuels continue to keep prices at record highs

Euro below $1.06 as Christine Lagarde keeps July policy options open

Oil prices are up 10% in barely a week on supply constraint concerns with Brent crude holding above $117, pushing the Canadian dollar and the Australian dollar up 0.3% and 0.4% respectively

7 out of 9 neighbouring nations charge less for petrol than India

Among the neighbouring countries, China (Rs 116 per litre) and Nepal (Rs 124 per litre) had a higher price.

Russia-Ukraine war: G7 leaders mull untried plan to manipulate oil prices

The dueling escalation underscored how the war in Ukraine has consumed global politics and the world economy

Indian Oil expects prices to stay over $100/bbl in 2022 amid Ukraine crisis

An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis

Oil trades sideways on fears of slower demand, supply uncertainty

Oil prices traded sideways on Friday after briefly rising nearly $1 per barrel, as the market balanced fears of slower demand from cooling U.S. economic activity with supply uncertainty

Crude takes fresh hit as fear of global slowdown scars commodities

West Texas Intermediate sank towards $104 a barrel after closing at a six-week low on Wednesday

Oil prices tumble nearly 3% as investors eye US Fed rate hikes

Brent crude futures were down $2.95, or 2.6%, to $111.70 a barrel by 12:43 p.m. EDT (1643 GMT)

Explained: Amid price hike, why is there a worldwide oil-refining crunch?

Prices were already elevated before Russia invaded Ukraine on Feb. 24. But since mid-March, fuel costs have surged while crude prices are up only modestly

Oil prices rise in early trade on market caution over supply concerns

Oil prices rose 1per cent in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products

Oil prices rise as tightening supply offsets global economic concerns

Brent crude futures rose 42 cents, or 0.4%, to $113.54 a barrel by 0633 GMT. Front-month prices tumbled 7.3% last week, their first weekly fall in five

Europe's plan to quit Russian fuel plunges Pakistan into darkness

In order to avoid blackouts during the Eid holiday last month, the Pakistan government paid nearly $100 million to procure a single LNG shipment from the spot market

WPI inflation in May accelerates to 15.88% on higher food prices

The latest figure also makes it historically the highest in 31 years since September 1991 (16.31 per cent)

Oil prices rise as tight supply counters China Covid, recession worries

Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh Covid-19 curbs in China

Oil bounces around as tight supply offsets China, recession fears

Oil prices seesawed in positive and negative territory, holding up despite recession fears and potential new Covid-19 curbs in China that could dampen demand as the market remains tightly supplied