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Page 64 - Oil Prices

Oil prices fall as fuel demand concerns grow after end of US driving season

US West Texas Intermediate crude futures fell 76 cents, or 1.9%, to $39.01 per barrel at 0433 GMT, playing catch-up with a drop in Brent prices overnight

Oil prices fall as fuel demand concerns grow after end of US driving season
Updated On : 08 Sep 2020 | 11:46 AM IST

Oil price falls after Saudi cuts rates amid demand uncertainty

West Texas Intermediate US crude skidded 59 cents, or 1.5 per cent, to $39.18 per barrel after hitting $38.55, its lowest since July 10

Oil price falls after Saudi cuts rates amid demand uncertainty
Updated On : 07 Sep 2020 | 10:22 PM IST

Oil drops more than $1 after Saudi price cuts, demand optimism fades

Brent crude was at $41.75 a barrel, down 91 cents or 2.1% by 0000 GMT, after it earlier slid to $41.51, its lowest since July 30

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Updated On : 07 Sep 2020 | 8:14 AM IST

Saudi Arabia reduces oil prices in sign demand recovery struggling

Aramco cut Arab Light to Asia to a discount against the benchmark oil price used by the Saudis for the first time since June

Saudi Arabia reduces oil prices in sign demand recovery struggling
Updated On : 07 Sep 2020 | 1:03 AM IST

Oil prices sink below $40 on stock losses and dollar strengthening

Crude is off to weak start in September as Covid-19 flare ups in various parts of the world threaten a sustained rebound in oil consumption

Oil prices sink below $40 on stock losses and dollar strengthening
Updated On : 05 Sep 2020 | 12:10 AM IST

Oil prices edge up on global stimulus support despite ample supplies

Brent crude futures for November climbed 27 cents, or 0.6%, to $46.08 a barrel by 0038 GMT

Oil prices edge up on global stimulus support despite ample supplies
Updated On : 31 Aug 2020 | 7:24 AM IST

Oil prices hold pattern as huge Gulf of Mexico storm shuts output

US West Texas Intermediate crude futures fell 4 cents, or 0.1%, to $43.35 a barrel by 0148 GMT, erasing Wednesday's slight rise

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Updated On : 27 Aug 2020 | 9:38 AM IST

Saudi Arabia's June oil exports down 55% yoy, a drop of $8.7 billion

The value of Saudi Arabia's June oil exports was down 55% year on year, a drop of $8.7 billion, official data showed on Wednesday.

Saudi Arabia's June oil exports down 55% yoy, a drop of $8.7 billion
Updated On : 26 Aug 2020 | 2:42 PM IST

Oil prices mixed on storm-driven output cuts, rising Covid-19 cases

Brent crude oil futures added 5 cents, or 0.1%, to $45.18 a barrel by 0055 GMT, while US West Texas Intermediate crude was down 9 cents, or 0.2%, at $42.53 a barrel

Oil prices mixed on storm-driven output cuts, rising Covid-19 cases
Updated On : 25 Aug 2020 | 10:08 AM IST

Oil climbs for third straight week, buoyed by producers holding back output

Brent crude futures rose 16 cents, or 0.4%, to $44.07, heading for a weekly rise around 0.5%

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Updated On : 21 Aug 2020 | 9:12 AM IST

Oil steadies as demand fears due to Covid-19 offset high OPEC compliance

Brent crude futures rose 9 cents to settle at $45.46 a barrel. US West Texas Intermediate (WTI) crude futures ended unchanged at $42.89 a barrel

Oil steadies as demand fears due to Covid-19 offset high OPEC compliance
Updated On : 19 Aug 2020 | 7:59 AM IST

Oil slips below $45 on rising supply, demand doubts due to Covid-19

Two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil demand forecasts this week

Oil slips below $45 on rising supply, demand doubts due to Covid-19
Updated On : 14 Aug 2020 | 8:18 PM IST

OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19

World oil demand will fall by 9.06 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report

OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19
Updated On : 12 Aug 2020 | 8:10 PM IST

Oil prices bolstered by bigger-than-expected drop in US crude stocks

Brent crude was up 15 cents, or 0.3%, at $44.65 a barrel by 0206 GMT, after falling around 1% on Tuesday

Oil prices bolstered by bigger-than-expected drop in US crude stocks
Updated On : 12 Aug 2020 | 12:01 PM IST

OPEC+ has tricky balancing act keeping $40/b oil price floor

There is still a long way to go before Asian demand can be relied upon again

OPEC+ has tricky balancing act keeping $40/b oil price floor
Updated On : 12 Aug 2020 | 8:08 AM IST

Oil firms on US stimulus hopes, Asian demand recovery as economies reopen

Brent crude added 7 cents, or 0.2%, to $45.06 a barrel, as of 0027 GMT. West Texas Intermediate U.S. crude rose 14 cents, or 0.3%, to $42.08 a barrel

Oil firms on US stimulus hopes, Asian demand recovery as economies reopen
Updated On : 11 Aug 2020 | 10:47 AM IST

Oil prices slip on uncertainty over US recovery, stimulus, rising Covid-19

WTI and Brent are both set for weekly gains of at least 4%, the most for the two benchmark contracts since the week ending July 3

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Updated On : 07 Aug 2020 | 9:43 AM IST

Oil prices under five-month highs on weaker dollar, low US crude inventory

Brent crude fell 7 cents to $45.10 a barrel by 0802 GMT, while US crude was down 25 cents at $41.94

Oil prices under five-month highs on weaker dollar, low US crude inventory
Updated On : 06 Aug 2020 | 2:26 PM IST

Oil prices at five-month high on big drop in US crude stocks, weak dollar

Brent crude was up $1.50, or 3.4 per cent, at $45.93 a barrel

Oil prices at five-month high on big drop in US crude stocks, weak dollar
Updated On : 05 Aug 2020 | 7:56 PM IST

Oil rebounds with equities offsetting the return of Opec+ supply

The market is looking for its next clear signal, with a slew of mixed data pressuring it on either side

Oil rebounds with equities offsetting the return of Opec+ supply
Updated On : 04 Aug 2020 | 11:54 PM IST