Page 22 - Oil Prices

Oil prices fall as China slowdown spurs concern over demand outlook

Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19

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 rise on tight supply as attention turns to OPEC+ meeting

Oil prices gained about $1 in early trade on Friday, lifted by supply concerns and a weaker US dollar as attention turns to what OPEC and allies including Russia agree at a meeting next week

Energy crisis set to become worse in debt-ridden countries of South Asia

Emerging markets across the world have been devastated by surging commodity prices following Russia's invasion of Ukraine

Saudi Arabia may hike oil price to record even as traders see risks

The world's top crude exporter is expected to price its Arab Light crude to Asia at a $10.80-a-barrel premium to the region's benchmark for September-loading cargoes

Oil steady as demand concerns offset US crude stock drawdown

Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in US crude stockpiles.

Nasdaq falls with dollar, oil rises; earnings, Fed rate hike in focus

Nasdaq closed lower on Monday after a choppy session for US equities ahead of a big week of technology earnings reports while oil prices rose

Oil prices steady after sharp decline of nearly 3% on weak US demand

Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States and a pick-up in supply from Libya

Broader crude oil price trend likely to force review of windfall tax

A windfall tax is a one-off tax levied on companies deemed to have made unreasonably high profits, normally due to unusually favourable market factors

US talks with India on price cap on Russian oil 'encouraging': Yellen

A senior Treasury official said India had made no promises on the oil price cap, but was working with the United States and had not "expressed hostility to this idea".

ATF rates slashed by 2.2% on account of fall in international oil prices

Jet fuel (ATF) prices on Saturday were reduced by 2.2 per cent, reflecting a fall in international oil prices

Brent crude settles below $100/bbl on higher dollar, weak demand outlook

Global benchmark Brent crude tumbled $7 on Tuesday to settle below $100 a barrel for the first time in three months on a strengthening dollar, Covid-19 curbs in China

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.