Page 9 - Oil

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

China agrees to refinance Pakistan with $2.3-bn funding: FM Ismail

"Inflow is expected shortly after some routine approvals from both sides. This will help shore up our foreign exchange reserves," he added.

India's Russian revolution in oil: Why refiners are buying more Urals crude

Refiners have jumped on to the bandwagon of opportunistic buying of heavily discounted Urals crude, which could, ironically, make the country Europe's refining hub

Has sanctioning Russia worked? Oil, gas sales put $285 bn in Putin's pocket

For years, Russia has acted as a vast commodity supermarket selling what an insatiable world has needed: Not just energy, but wheat, nickel, aluminum and palladium too

India's domestic crude oil production slips to 28-year low in FY22

Production declined every month for last 4-and-a-half years in core sector index; old fields among likely reasons

Oil prices settle up ahead of US driving season, EU embargo decision

"Demand is strong with products leading the way, especially gasoline which dragged crude oil up with it," said John Kilduff, a partner at Again Capital LLC.

Oil, toil and turmoil

India's geological potential remains largely unexplored because of policy hostility and high-handed taxation rather than the lack of expertise

G7 to phase out Russian oil, US sanctions Gazprom bank over Ukraine war

The move represents the latest attempt by the West to put pressure on Russian President Vladimir Putin for his country's invasion of Ukraine and the deadly aftermath that ensued.

Oil prices climb as European Union gets set to ban Russian crude

The European Commission is expected to finalise work on Tuesday on a sixth package of European Union (EU) sanctions against Russia over its actions in Ukraine

India ends FY22 with 2.6% drop in oil production

India's crude oil production fell 2.67 per cent in fiscal year ending March 31, as state-owned ONGC produced less than the target, but natural gas output rose helped by KG production by Reliance-BP

Top headlines: Plan for 75 digital banks, IPL broadcast rights, and more

Business Standard brings you the top headlines on Wednesday

Oil prices rise over 2% despite big US crude stock build

Brent crude was up $2.72, or 2.6%, to $107.36 a barrel by 12:52 p.m. (1652 GMT) U.S. West Texas Intermediate (WTI) crude futures gained $2.39, or 2.4%, to $102.99

Oil slides on worries about lockdowns in China, release of reserves

Brent crude was down $2.32, or 2.3%, at $100.46 a barrel by 0427 GMT, while U.S. West Texas Intermediate crude lost $2.37, or 2.4%, to $95.89.

Oil prices slipped in early Asian trading; Brent Crude falls to $102.40

Oil prices slipped in early Asian trading, following the second straight weekly decline after world consumers announced plans to release crude from strategic stocks and as Chinese lockdowns continued

Indian Oil to invest Rs 840 crore to set up plant, raise storage capacity

Indian Oil Corporation on Sunday said it will invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant storage capacities, including setting up a greenfield facility, in the Northeast

India buys Russian sunoil at record high price as Ukraine supplies halt

Refiners bought crude sunflower oil at a record price of $2,150 a tonne, including cost, insurance and freight, in India for April shipments, compared with $1,630 before Russia invaded Ukraine

India buying discounted Russian oil wouldn't be violating US sanctions: WH

However, support for the Russian leadership is support for an invasion that obviously is having a devastating impact, White House Press Secretary Jen Psaki told reporters