Page 6 - Oil Trade

Oil prices steady as optimism over recovering Chinese demand offset by US

il prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months.

Davos 2023: UAE, India in early talks to settle non-oil trade in rupees

Thani Al-Zeyoudi, the UAE's minister of state for foreign trade said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies

World Economic Forum: India, UAE discusses non-oil trade in rupees

The UAE's trade deal with India aims to increase bilateral non-oil trade to $100 billion in the next five years

Indian, European oil firms evaluating bids for Guyana blocks: Report

Refiner Indian Oil Corp also is looking to work in Guyana in collaboration with ONGC Videsh

Oil dives 3.5%, trade choppy on worries about China, global economy

By Arathy SomasekharOil prices tumbled 3.5% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar

Oil prices set to end turbulent 2022 with second straight annual gain

Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia's invasion of Ukraine sparked supply concerns

India's November wholesale inflation eases to 21-month low of 5.85%

WPI-based inflation remained below the double-digit mark for second consecutive month in November

The $60 price cap on Russian oil may not hit Indian purchases: Report

India mostly buys the Urals crude from Russia. This grade made up 80% of India's oil imports last month

Oil prices edge higher on easing China curbs, firm dollar limits gains

China is set to announce an easing of its Covid-19 quarantine protocols in coming days and a reduction in mass testing

Oil price edges higher on tight supply, China demand recovery optimism

Oil prices nosed ahead in early Asian trade, lifted by signs of tighter supply and by optimism over a Chinese demand recovery

Buying oil from Russia is to India's advantage, says S Jaishankar

Says India's obligation is to ensure consumers get best access on 'most advantageous' terms

Solvent Extractors Assn seeks release of 100 kg GM mustard for this rabi

Edible oil body plans sow the seeds in 200 out of the 1,000-odd model mustard farms that it plans to set up this season

Oil prices increase on demand hopes after US crude stocks drawdown

The potential disruption from the European Union embargo on Russian oil that is set to start on December 5 may also be pushing prices higher.

India continues with Russian oil buys, cuts shipments from Saudi

Saudi Arabia's decline in India's oil market has coincided with Russia's rise, and ironically occurred amid growing diplomatic ties between Riyadh and New Delhi

Oil price wavers as rate hike talk offsets fading China demand hopes

Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises on energy consumption

India to soon sign long-term deal to export oil from Namibia: Report

Recently, IOC signed a deal to procure oil from Colombia's Ecopetrol SA and Brazil's Petroleo Brasileiro SA (Petrobras)

Oil down on strong dollar, worries about recession and hawkish Fed talk

Oil futures fell for a third day on Wednesday, as a stronger dollar and worries about weaker demand and rising interest rates

Russia to flood Asia with fuels as Europe ramps up sanctions: Report

Moscow plans to raise taxes on energy sector to the tune of $50 bn in 2023-25

Oil prices rise after Basra terminal spill, but set for weekly decline

Brent crude futures were up 70 cents, or 0.8%, at $91.54 a barrel by 1:43 p.m. EDT (1743 GMT)

India, Russia to discuss energy security as oil, coal trade soars

The Kremlin has said Putin and Modi will meet on Friday and discuss trade, including food, as well as sales of Russian fertilizer