Oil Prices Falls on Build in US Crude Stocks
Oil prices fell in early trading session on Wednesday after industry data showed that the US crude oil stocks rose last week as investors expected a...
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Oil Prices Rose to 9-Month High, Brent Crude Pushing $50 Level
Oil prices on Friday rose above $50 a barrel for the first time since March, as the Covid-19 vaccination rollouts to keep hopes alive of rise...
India’s Edible Oil Imports Fall 3% to 159.6 Lakh Tonnes in 2023-24
India’s edible oil imports fell by 3.09% to 159.6 lakh tonnes in 2023-24, driven by higher domestic oilseeds production and reduced demand amid rising prices,...
Oil India Shares Surged 7% on Stellar Q2 Earnings
Shares of Oil India Ltd surged 7% on 6 November after the company announced its quarterly earnings for July-September. The company reported a stellar increase...
Government Plans to Address Edible Oil Price Surge Ahead of Festive Season
Different ministries in India are expected to hold consultations soon on ways to provide relief to consumers as the Centre is “concerned with rising edible...
India Increases Oil Imports from Iraq and Saudi on Growing Domestic Demand
India increases crude oil imports from its conventional suppliers, including Saudi Arabia and Iran on India’s growing oil demand in September. India’s crude oil imports...
Oil Steadies as Mideast Tensions Vie With Libyan Supply Outlook
Brent for December traded near USD 72 a barrel after closing slightly higher on Monday, with West Texas Intermediate surpassing USD 68. Israel’s military announced...
Oil Heads for Deep Weekly Loss on Prospects for Jump in Supply
Brent crude approached the USD 71 per barrel mark and is down by more than 4% for the week, while West Texas Intermediate is trading...
Oil Prices Surged on Middle East Tensions and China Policy Optimism
Brent crude increased to over USD 74 a barrel on Tuesday, following a 0.8% drop on Monday, while West Texas Intermediate was close to USD...
Indian Refiners Cancelled 1,00,000 MT of Palm Oil Purchases on Import Duty Hike, Price Rise: Report
Indian oil refiners have cancelled purchases of 1,00,000 metric tons (MT) of palm oil scheduled for delivery between October 2024 and December 2024. They took...