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...
Tag : OPEC
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 Gained on Positive US Economic Data, Libya Disruptions
Oil stabilised after surging on Thursday, August 29, following positive US economic data and escalating supply disruptions in Libya. Brent for November was trading at...
Oil Climbs Nearly $4 as OPEC+ Weighs Largest Output Cut Since 2020
On Monday, oil prices climbed almost USD 4 as OPEC+ considers decreasing output by more than 1 million barrels per day (BPD) to buttress prices...
Rupee Weakens as Dollar Hovers Near 20-Year High
The rupee edged down five paise to 79.61 against a basket of currencies on Friday as the dollar edged lower but not far from a...
Sensex Slumps Over 1,000 Points on Touch Love of Global Central Banks
On Monday, Indian stocks were in disarray as the Fed’s aggressive monetary policy spooked global financial markets. Global stock markets extended losses, and domestic equity...
ONGC, Oil India Shares Up as Crude Oil Holds Above $100 per Barrel
Shares of oil and gas companies, including ONGC and IOC, extended gains on Thursday as crude prices continued to trade above $100 a barrel on...
India’s Fuel Demand to Recover by the end of 2021
India’s fuel demand, which is hit by the second wave of coronavirus, will recover to pre-pandemic levels by the end of this year, Oil Minister...
Petrol, Diesel Prices Unchanged for 18th Consecutive Day
Fuel prices in the country have remained steady for over a fortnight now even though the global oil market remains volatile with regular variations in...
Crude Oil Futures Gains on Demand Concerns and Higher Prices
Crude oil futures traded firm at Rs 4,778 per barrel on March 9 as participants reduced their positions as seen by the open interest. Crude...