Page 11 - Oil

Oil mixed as halted flights weigh and optimism over Omicron impact supports

More than 1,300 flights were cancelled by US airlines on Sunday as Covid-19 reduced the number of available crews

Fighting gas prices, US decides to release 50 million barrels of oil

The government will begin to move barrels into the market in mid- to late-December

A better balance sheet, green plans behind RIL's change of tack for oil biz

RIL and Saudi Aramco signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake acquisition by Saudi Aramco in the O2C business of Reliance.

Oil near six-week low as China readies crude reserve release

Brent crude was up 21 cents, or 0.3%, at $80.49 a barrel at 1511 GMT

Global oil demand back above 100 million barrels a day, says BP

Company posts $3.3 billion third-quarter profit, beating estimates as oil prices surge

Oil holds near 3-year highs after OPEC+ keep tight control of taps

Oil prices have already surged more than 50% this year

Reliance floats subsidiary in United Arab Emirates for trading in oil

The plans follow an announcement in June that the Indian conglomerate will invest in projects of Abu Dhabi National Oil Co

Oil will be world's No. 1 energy source for decades, says OPEC

OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries

Oil rises from highest since 2018 with global markets tightening

The surge in natural gas prices is expected to force some consumers to switch to oil, tightening the market further ahead of the northern hemisphere winter.

KEC International acquires oil gas firm Spur Infra for Rs 62 cr

Spur Infra has achieved an annual revenue in excess of Rs 100 crore, and has a profitable track record and technical expertise. It has an order book of Rs 600 crore

Inflation tax over and above the oil tax

The oil tax is unlike, say, the income tax, which is progressive as the income tax rate rises with the income

Oil heads for its biggest monthly loss this year ahead of OPEC+ meet

The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the global market and prospects for demand as the pandemic grinds on.

Oil posts biggest week of losses in nine months as Delta variant spreads

Numerous nations worldwide are responding to the rising infection rate due to the coronavirus Delta variant by adding travel restrictions to cut off the spread

OPEC+ plans new oil output policy meeting on Sunday, says report

Sunday's meeting will be held virtually as have all such discussions since last year

Oil set for best half since 2009 as demand recovers ahead of OPEC+ meeting

The recovery in key energy consumers including the U.S. and China has helped underpin a surge in fuel demand and driven prices to the highest level since October 2018.

Venezuelan oil, masked as Malaysian, rushes into China before fuel tax

China has over the past 12 months bought an estimated $3.5 billion worth of Venezuelan oil relabelled as Malaysian fuel

Investors, Dutch court deliver 'stark warning for Big Oil' on climate

Investor support for climate concerns could force oil and gas companies to rethink how fast they pivot to other forms of energy

Oil prices drop as India's coronavirus crisis puts brakes on rally

Oil demand was already outstripping supply and the shortfall was expected to grow even if Iran boosted exports

Oil maintains upward momentum despite fresh coronavirus fears

The dollar hit three-week lows on Wednesday, making crude cheaper for countries using other currencies.

Reliance gets shareholders nod for hiving off O2C into separate unit

The firm said it has secured approval of its shareholders and creditors for hiving off its oil-to-chemical (O2C) business into a separate unit.