Oil Heads for Biggest Weekly Gain Since February After US Fed Cut
Oil was on track for its biggest weekly advance since February after the Federal Reserve’s steep interest-rate cut, while traders continued to monitor steaming tensions...
Search Results for: Crude Oil
Petrol and Diesel Prices may Reduce on Global Crude Rate Cuts: Petroleum Secretary
If global oil prices stay low, petrol and diesel prices may be cut in India. This relief is much needed as current prices encourage inflation...
Oil Prices Continue to Sink On Signs of OPEC+ Output boost and China Woes
Brent fell below USD 76 per barrel for November after a more than 2% loss on Friday, and West Texas Intermediate (grade given to crude...
India Surpasses China as Russia’s Top Oil Buyer in July
In July, India surpassed China as the largest importer of Russian oil as the Chinese refiners reduced purchases due to lower profit margins from fuel...
Oil Set for 3% Weekly Gain on U.S. Jobs Data Easing Recession Concerns, Mideast tensions
Oil prices went up on Friday, with Brent crude futures rising 22 cents to USD 79.38 per barrel and U.S. West Texas Intermediate crude futures...
Reliance Industries Secures US Approval to Resume Crude Import from Venezuela
Reliance Industries Ltd on 24 July announced receiving approval from the US to resume importing oil from Venezuela despite White House sanctions on the country. ...
Oil Prices Surge As Investors Find Indications Of U.S. Rate Cuts
In the early trade on Monday, oil prices increased as investors considered the expected start of a series of rate cuts in September. At 0035...
Oil Prices Dropped On Data Indicating a Slowdown in the US Economy
On Thursday, July 4, 2024, oil prices dropped after the release of weaker-than-expected U.S. employment and business activity data, suggesting a potential slowdown in the...
Oil India Shares Hit 52-Week High Ahead of 1:2 Bonus Issue
Oil India shares increased 5% and hit a new 52-week high of Rs 743.60, ahead of bonus shares in the ratio of 1:2, or one...
Oil Prices Slipped as Interest Rate Hike Worries Come into Focus
In the early hours of Friday, crude oil futures took a slight dip due to concerns over potential interest rate hikes in key markets in...