Page 7 - Oil

Oil rises on tight supplies, possibility of China easing Covid curbs

Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine

Oil prices rise in tight market as US sets release of more reserves

Oil prices rose on Wednesday as caution over tightening supply countered the negative impact of uncertain Chinese demand growth and news that United States will release more crude from its reserves

Oil prices tick up in volatile trade as US stocks fall on tight market

Oil prices rose slightly on Wednesday amid plenty of caution as bullish signals like falling U.S. crude stocks and a generally undersupplied market were countered

Oil prices fall more than 3% on US supply fears, lower China demand

Oil prices fell by more than 3% in volatile trade on Tuesday on fears of higher US supply amid an economic slowdown and lower Chinese fuel demand

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

OPEC slashes 2022, 2023 oil demand growth view as economy slows

OPEC cuts 2022 demand growth to 2.64 million bpd from 3.1 mn bpd, but still sees demand topping pre-pandemic level in 2023; OPEC September output rises 146,000 bpd, led by Saudi

Oil prices slide as dollar strengthens, China's Covid-19 woes dampen demand

Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand

Oil extends gains to three-week high as OPEC+ agrees to slash crude output

Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after OPEC+ agreed to further tighten global crude supply

Centre to relax rules, fast-track new measures for oil & gas exploration

More processes to be brought under the self-certification framework while clearance portal is being upgraded

Iraq discounts heavily to muscle out cheaper Russian oil in India

After a dip in market share, suppliers from the West Asian nation are discounting heavily to muscle out cheaper Russian oil

Broking houses cut target price for RIL after disappointing Q1 show

Steepest cuts from Citi and Morgan Stanley; stock sheds 3.33% to end at Rs 2,420

HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

Revenue was up 19.6% YoY and profit up 13.5% YoY, its highest-ever quarterly figures

Focus on windfall tax review leads to oil stocks ending in the green

Export taxes on petrol are likely to see the steepest reduction, while levies on diesel and jet fuel could also be lowered to adjust the impact of price declines

Govt imposes windfall tax on oil producers, raises import duty on gold

To curb gold imports, govt hikes customs duty on the metal to 15% from 10.75%

Edible oil brand Gulab Oils eyes Rs 5,000 crore turnover in four years

Plans to enter ten states from four currently, expand capacity 10-fold to 1,000 tonnes a day and make additions to product portfolio

Humble rice bran becomes hot commodity as India scours for edible oils

Rice bran prices have jumped to 30,000 rupees to 36,000 rupees per tonne compared with paddy prices of around 19,000 rupees, which is milled for rice extraction

Crude takes fresh hit as fear of global slowdown scars commodities

West Texas Intermediate sank towards $104 a barrel after closing at a six-week low on Wednesday

Russian oil tankers get India safety cover via Dubai company: Report

Certification by Indian Register of Shipping provides a final link in paperwork chain needed to keep state-owned Sovcomflot's tanker fleet afloat and delivering Russian crude oil to overseas markets

Noticeable increase in exports of Russian oil to China, India: Putin

Russian oil exports to China and India have noticeably increased and its presence in the BRICS countries is also growing, President Vladimir Putin said

Oil prices rise as tightening supply offsets global economic concerns

Brent crude futures rose 42 cents, or 0.4%, to $113.54 a barrel by 0633 GMT. Front-month prices tumbled 7.3% last week, their first weekly fall in five