Page 6 - Oil

Cottonseed oil prices falls by Rs 74 to Rs 2,554 per quintal on soft demand

Cottonseed oil cake prices on Monday declined by Rs 74 to Rs 2,554 per quintal in futures trade as participants reduced their bets following weak trends in spot markets. On the National Commodity and Derivatives Exchange, cottonseed oil cake for March delivery fell by Rs 74 or 2.82 per cent to Rs 2,554 per quintal with an open interest of 36,580 lots. Analysts said a sell-off by participants at existing levels amid a subdued trend in the market mainly weighed on cottonseed oil cake prices.

Managing a crisis: Russia-Ukraine war outbreak a setback for Indian economy

But its impact has been kept under check

Russia plans to sell 80% of oil to 'friendly' countries in 2023

EU set to propose fresh sanctions on Moscow tech and vehicles

Oil India reports 40% jump in Dec qtr profit on high output, better pricing

State-run explorer Oil India reported a bigger-than-expected 40% jump in third-quarter profit on Friday, aided by increased production and better price realisation

Big Russia presence in India Energy Summit indicates stronger ties

The European Union ban on seaborne Russian fuel shipments, coupled with earlier restrictions on the bloc's crude purchases, give more impetus for Moscow to ramp up the flows to India

Oil nears 3-week low then steadies on higher US demand, weaker dollar

Although the front-month Brent futures contract was down 37 cents to $84.53 a barrel in low volumes, the more actively traded April Brent futures rose by 89 cents, or 1.1%, to $85.39 by 12:47 p.m. EST

Big Oil peddled the big lie, says UN chief Guterres at WEF 2023

UN Secretary-General Antonio Guterres delivered his message on the second day of the elite gathering of world leaders and corporate executives in Davos

Oil prices gain around 1% on optimism over China's fuel demand recovery

But OPEC kept its 2023 global demand growth forecast unchanged

Equity benchmarks defy global cues, finish nearly 1% in the green

The 30-share BSE Sensex rallied 562.75 points or 0.94 per cent to settle at 60,655.72

Oil ends year of wild price swings with second straight annual gain

Prices surged in March as Russia's invasion of Ukraine upended global crude flows, with international benchmark Brent reaching $139.13 a barrel, highest since 2008

Oil set to close higher in 2022, a turbulent year marked by tight supplies

Brent crude futures climbed 44 cents, or 0.5%, to $83.90 a barrel by 0138 GMT after settling 1.2% down in the previous session

Oil plunges as China's Covid-19 spike dampens global demand outlook

Brent futures for February fell 79 cents, or 1.0%, to $82.47 a barrel by 0730 GMT, while US crude fell 80 cents, or 1.0%, to $78.16 a barrel

India preparing to launch 20% ethanol with gasoline: Hardeep Puri

India is preparing to launch sales of 20% ethanol with gasoline and will look to gradually raise its share of the cleaner fuel in its energy mix, the country's oil minister Hardeep Singh Puri said

Oil falls close to 2022 lows on economic worries, easing supply fears

Brent crude fell $1.05, or 1.3%, to $78.30 a barrel by 1020 GMT. It touched $77.74 earlier, the lowest since Jan. 3. U.S. crude was down $1.24 or 1.7% to $73.01 and touched $72.25

Russia drafts decree banning sale of oil to price-cap participants

It would essentially ban any reference to a price cap in contracts for Russian crude oil or products, and prohibit loadings destined for any countries that adopt the restrictions

Oil dives, hits 10-month low on reports of OPEC+ considering output boost

Oil prices fell to their lowest since early January, after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are considering a half-million barrel daily output increase

Oil prices eases to $98 a barrel as China Covid-19 cases dampen spirits

Brent edged down below $98 a barrel, after losing ground in the week's opening session as China reaffirmed its commitment to its zero Covid-19 strategy

Iran is ready to deliver oil to India, says ambassador Iraj Elahi

"We always express our readiness to increase our economic ties with India. It's up to India, we are ready to deliver oil," Elahi said

Oil prices drop as Chinese demand data shows depressed consumption

Oil prices slid on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September

Oil climbs on expectations of tight supply as Russia sanctions loom

Brent crude futures climbed 54 cents, or 0.6%, to $94.04 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $85.56 a barrel, up 51 cents, or 0.6%