Page 40 - Oil Prices

Oil prices edge higher but investor worries on Omicron spread remain

Oil prices edged higher on Tuesday, though investors remained worried about the rapid spread of the Omicron coronavirus variant globally

Oil prices slide as rapid Omicron spread dims fuel demand outlook

The oil and gas rig count, an early indicator of future output, rose by three to 579 in the week to December 17, representing its highest since April 2020

Oil prices slide as rapid Omicron spread dims fuel demand outlook

The Netherlands went into lockdown on Sunday and the possibility of more COVID-19 restrictions being imposed ahead of the Christmas and New Year holidays loomed over several European countries

Oil prices drop 2% as rapid Omicron spread dims fuel demand outlook

Oil prices slumped by about 2% early on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Brent crude futures fell 59 cents, or 0.8%, to $74.43 a barrel while U.S. West Texas Intermediate crude futures dropped 67 cents, or 0.9%, to $71.71 a barrel

Oil prices dip, heads for flat week amid uncertainty over Omicron

Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged

Oil rises towards $75 as US demand and Fed outweigh virus concern

Crude and other risk assets such as equities also got a boost after the US Federal Reserve gave an upbeat economic outlook

Oil prices rise as fuel demand surges in top consumer United States

Oil prices rose as US implied consumer petroleum demand surged to a record high in the world's top oil consumer

Oil slips over 1% on bets that crude supply growth will exceed demand

Brent crude futures fell 91 cents, or 1.2%, to $72.79 a barrel, after losing 69 cents on Tuesday

Oil prices retreat on bets that crude supply growth will exceed demand

Oil prices fell on Wednesday for a third day on growing expectations that supply growth will outpace demand growth next year

Oil prices edge higher, but Omicron coronavirus variant worries linger

Governments around the world, including most recently Britain and Norway, were tightening restrictions to stop the spread of the Omicron variant

Oil prices fall amid concerns on renewed restrictions over Omicron spread

Oil prices fell on Tuesday due to investor worries about demand after renewed restrictions were imposed in Europe and Asia amid a rise in coronavirus cases

Oil rises on optimism Omicron impact will be limited on fuel demand

Oil prices rose helped by growing optimism that the Omicron coronavirus variant's impact will be limited on global economic growth and fuel demand.

US sells 18 mn barrels of oil from strategic reserve to reduce prices

The Energy Department announced the first sale of 18 million barrels of oil from the US Strategic Petroleum Reserve (SPR) aimed at reducing pump prices of fuel that had hit seven-year highs

Oil prices post biggest weekly gain since August as Omicron concerns ease

Oil prices rose slightly on Friday and posted their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over Omicron

Oil prices sit tight, tracking biggest weekly gain since late August

Oil prices drifted in a narrow range on Friday, on track to their biggest weekly gain since late August

Oil prices slip on profit-taking, but head for strong weekly gain

Benchmark Brent and WTI were both on course to rise more than 6% this week, even after the profit-taking, their first weekly gain in seven weeks

Govt advised ONGC to get partners in Mumbai High, Bassein fields: Minister

The government has from time to time advised ONGC to have partnerships in its major fields including Mumbai High and Bassein & Satellite assets off the west coast with a view to raising output and technology infusion, Parliament was informed on Thursday. In a written reply to a question in the Lok Sabha, Minister of State for Petroleum and Natural Gas Rameswar Teli said national oil companies are free to choose field-specific models including farm out (giving stake) and joint venture/technical service model for enhancing production from their matured and aging fields. The government, he said, is keen that the domestic production of oil and gas should increase exponentially. "ONGC being the leading organisation has to play an important role," he said. "The government from time to time advises ONGC to increase exploration and production by having partnerships for its major fields including Mumbai High and Bassein & Satellite asset with the scope of enhancing recovery and ...

Oil price steadies as investors assess Omicron variant's impact

Brent crude futures rose by 46 cents, or 0.6%, to $75.91 a barrel at 12:54 p.m. EST (1754 GMT). U.S. West Texas Intermediate crude was at $72.52 a barrel, up 47 cents or 0.7%.

Oil rises 3%, extending rally as concerns over Omicron variant impact eases

Oil prices climbed by more than 3% as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant.