ONGC, Oil India Shares Gain up to 6%, After Govt Hikes Gas Prices
In Monday’s intra-day trade, shares of state-owned oil exploration companies Oil India and Oil and Natural Gas Corporation (ONGC) gained up to 6 per cent...
Tag : Oil Prices
Oil Rises on Rebounding Chinese Demand
On Thursday, oil surged after sliding 1 per cent in the previous session on the prospect of higher Chinese demand and geopolitical risks. Brent crude...
IEA Lowers 2022 Oil Demand Forecast Amid Economic Growth Fears, China Lockdowns
In its monthly report, the International Energy Agency (IEA) lowered its forecast for global oil demand in 2022. This is attributed to the faltering growth...
Prices Of Oil Increase As Supply Unpredictability Grows
Oil prices increased on Monday due to a constrained supply failing to keep up with the still-strong demand, the appearance of barriers in the Iranian...
Oil Price Rises 2% Saudi Output Boost Expected
On Friday, Oil prices rose 2.5 per cent after an immediate Saudi oil output boost which was not expected. The comment during US President Joe...
Oil Rates Fall 2% as US Refiners Ramp Up Output, Equities Retreat
Oil prices reversed course and fell over 2 per cent after the government as per data showed US refiners ramped up output, easing worries of...
Oil Prices Fall More Than 1%
Oil prices fell more than 1 per cent in a volatile week on Thursday as economic worries and fears of a recession gripped global financial...
Oil Prices Fall for 3% Weekly on Emergency Stocks
On Friday, Oil prices inched up but were set to fall around 3 per cent for the week after consuming countries agreed to release 240...
China Targets Boost in Power Capacity By 2025
China is targeting a considerable increase in power capacity in the next five years as it wants to make sure energy security while reaching long-term...
Oil Prices Decline as Traders Weigh Prospect of EU Ban on Russian Oil
On Tuesday, Oil prices had reported after a jump in the prior session, as traders are weighing the prospect of a European Union (EU) ban...