Page 22 - Oil Prices
Oil skids $3 a barrel as investors take profits ahead of Opec+ meeting
The benchmarks have marched higher for several weeks as Russian exports are being squeezed by EU and US sanctions
 "Oil skids $3 a barrel as investors take profits ahead of Opec+ meeting")
Sensex ends volatile session 185 pts down; IT stocks decline, PSBs shine
CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent
 "Sensex ends volatile session 185 pts down; IT stocks decline, PSBs shine")
Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown
Oil prices rose in early Asian trade today after EU leaders agreed to a partial and phased ban on Russian oil and China ended its Covid-19 lockdown in Shanghai
 "Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown")
Brent tops $124 as European Union to ban 90% of Russia oil by year-end
Ban likely to cost moscow billions of dollars every year
 "Brent tops $124 as European Union to ban 90% of Russia oil by year-end")
Global refiners struggle to meet global demand amid high prices, shortage
Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the US and Brazil
Oil prices rise after EU agrees to ban most Russian crude imports
Oil prices rose after EU agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a tighter market already strained for supply amid rising demand
 "Oil prices rise after EU agrees to ban most Russian crude imports")
How the Russia-Ukraine conflict is reshaping global oil markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanction
 "How the Russia-Ukraine conflict is reshaping global oil markets")
Crude oil prices increase supported by the prospect of a tight market
EU nations are negotiating deal on Russian oil sanctions that would embargo shipment deliveries but delay sanctions on oil delivered by pipeline to win over Hungary and other landlocked member states
Sensex gains for 2nd day, rises 632 pts; Nifty holds 16,350; IT stocks lead
CLOSING BELL: Apollo Hospitals, Tech M, HDFC Life, Hero MotoCorp, IndusInd Bank, Bajaj Finance, Wipro, Infosys, L&T, HUL, and Bajaj Finserv zoomed over 2.5 per cent on the Nifty
 "Sensex gains for 2nd day, rises 632 pts; Nifty holds 16,350; IT stocks lead")
Oil prices linger near two-month high amid global supply concerns
Oil prices hovered around a two-month high supported by the prospect of an EU ban on Russian oil and the coming summer driving season in the US
 "Oil prices linger near two-month high amid global supply concerns")
F&O expiry: Sensex up 503 pts to end atop 54K; Nifty drops 6% in May series
CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively
 "F&O expiry: Sensex up 503 pts to end atop 54K; Nifty drops 6% in May series")
Sensex falls for 3rd day, dips 303 pts; Asian Paints sinks 8%; IT index 3%
CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent
 "Sensex falls for 3rd day, dips 303 pts; Asian Paints sinks 8%; IT index 3%")
Oil prices climb on prospects for tighter supply as demand rises
Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the US summer driving season
 "Oil prices climb on prospects for tighter supply as demand rises")
WEF 2022: Oil at $110 a barrel not sustainable, says Hardeep Singh Puri
Oil prices have surged this year, with Brent crude hitting $139 a barrel in March for its highest price since 2008, after Russia's invasion of Ukraine exacerbated supply concerns
 "WEF 2022: Oil at $110 a barrel not sustainable, says Hardeep Singh Puri")
IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%
CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent
 "IT, Metals drag Sensex 236 pts down; Delhivery rises 10%, Zomato 15%")
Oil prices inch lower on concerns over recession, China Covid curbs
Oil prices fell on Tuesday as concerns over a possible recession and China's Covid-19 curbs outweighed an expectation of tight global supply
 "Oil prices inch lower on concerns over recession, China Covid curbs")
Govt needs to clarify whether it wants oil price control or exports
The consequences of such confused messaging were felt in the lack of bidders for BPCL, forcing Delhi to abandon efforts to privatise the refiner
 "Govt needs to clarify whether it wants oil price control or exports")
Oil prices little changed as recession worry offsets higher demand outlook
Brent crude futures were up 35 cents, or 0.3%, to $112.92 a barrel by 11:24 a.m. ET (1524 GMT). U.S. West Texas Intermediate (WTI) crude was up 5 cents, or 0.05%, at $110.32.
Oil prices at $110/barrel pose 'bigger threats' than inflation: Puri
Oil minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy.
 "Oil prices at $110/barrel pose 'bigger threats' than inflation: Puri")
Oil prices firm on weak dollar, tight supply as US driving season looms
"Oil prices are supported as gasoline markets remain tight amid solid demand heading into the peak U.S. driving season," said SPI Asset Management Managing Partner Stephen Innes