Page 31 - Oil Prices
ExxonMobil flags biggest profit in 13 years due to surging oil prices
Exxon said Monday that first-quarter results may have been as much as $2 billion higher than earnings during the final three months of 2021
 "ExxonMobil flags biggest profit in 13 years due to surging oil prices")
Oil jumps toward $108 as supply fears persist despite reserves release
Oil also gained support from a pause in talks in Vienna to revive the Iran nuclear deal
 "Oil jumps toward $108 as supply fears persist despite reserves release")
Oil prices rise above $105 a barrel as supply concerns persist
Saudi oil facilities have come under attack by the Houthis during the conflict, adding to supply disruption from Russia
 "Oil prices rise above $105 a barrel as supply concerns persist")
Sensex sprints 1,335 points, Nifty tops 18,050; HDFC twins jump up to 10%
CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers
 "Sensex sprints 1,335 points, Nifty tops 18,050; HDFC twins jump up to 10%")
Oil inches up as supply concerns weigh despite reserve release, Yemen truce
The United Nations has brokered a two-month truce between a Saudi-led coalition and the Houthi group aligned with Iran for the first time in the seven-year conflict.
 "Oil inches up as supply concerns weigh despite reserve release, Yemen truce")
Oil falls nearly 13%, most in 2 years after oil stockpile release
Oil settled lower on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever US oil reserves release
 "Oil falls nearly 13%, most in 2 years after oil stockpile release")
Oil set for biggest weekly losses in 2 years after oil stockpile release
JPMorgan said in a note it had kept its price forecasts unchanged at $114 a barrel for the second quarter and $101 a barrel in the second half of this year
LIVE: 'Russia breaking promises on Mariupol humanitarian corridor'
The governor of Ukraine's eastern Donetsk region on Friday accused Russia of breaking its promises in terms of allowing humanitarian aid to reach the city of Mariupol
 "LIVE: 'Russia breaking promises on Mariupol humanitarian corridor'")
Oil benchmarks on course for biggest weekly losses in 2 years
The benchmark Brent and WTI contracts were both on course for their biggest weekly falls in two years at 13% and 12%, respectively
High oil prices, Russia-Ukraine war at Saudi pivot point: An analysis
For Saudi interests, however, perhaps no other country in the world stands to rapidly benefit financially from the war as the kingdom
 "High oil prices, Russia-Ukraine war at Saudi pivot point: An analysis")
Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650
CLOSING BELL: Sectorally, the Nifty PSU Bank index jumped 4 per cent on the bourses with Union Bank, Bank of India, Canara Bank, and Bank of Maharashtra adding over 4 per cent each
 "Markets start FY23 with solid gains; Sensex jumps 708pts, Nifty tops 17,650")
Oil prices fall as IEA members meet to discuss stocks release
The two benchmark contracts were headed for their biggest weekly losses in two years at 14% and 13%, respectively
 "Oil prices fall as IEA members meet to discuss stocks release")
Oil seesaws ahead of consumer nations' meeting on stocks release
U.S. West Texas Intermediate (WTI) crude futures dipped 6 cents to $100.22 a barrel at 0057 GMT after trading as high as $101.75. The contract slumped 7% on Thursday.
 "Oil seesaws ahead of consumer nations' meeting on stocks release")
Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate
India also gets offer of rupee-ruble-denominated payments
 "Lavrov arrives on 2-day visit: Russia oil at $35 less than pre-war rate")
India supports release of oil from reserves to cool prices: Union minister
As oil prices dived on news that the US was considering record release from the reserves, India said it supports the initiative to let out from the strategic stockpile to cool rising oil prices
 "India supports release of oil from reserves to cool prices: Union minister")
Oil prices tumble over $5 a barrel as Biden weighs massive reserves release
Brent futures were down $4.71, or 4.2%, to $108.58 a barrel and U.S. West Texas Intermediate futures were down $5.45, or 5%, to $102.74 a barrel at 0035 GMT.
Oil prices rebound on tight supply, prospects of new Russia sanctions
US West Texas Intermediate (WTI) crude futures rose $2.72, or 2.6%, to $106.96 a barrel, erasing a 1.6% drop on Tuesday
 "Oil prices rebound on tight supply, prospects of new Russia sanctions")
Oil drops $6 on positive signals from Russia-Ukraine peace talks
Sanctions imposed on Russia over its invasion of Ukraine have disrupted oil supplies, driving prices higher
Record fuel price hike due to spike in oil prices during last two weeks: FM
Sitharaman said the government is taking various steps in response to the rise in global oil prices
 "Record fuel price hike due to spike in oil prices during last two weeks: FM")
Oil prices rise on tight supplies, stable demand
United Arab Emirates energy minister Suhail al-Mazrouei said on Tuesday that the mission of OPEC+ was to stabilise markets and come up with as much supply as possible