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 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...
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...
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...
Govt Scraps Windfall Tax on Crude Production, Slashes Diesel Cuts
According to a government notice, the government has cut the windfall tax on crude oil production to zero from Rs 3,500 ($42.56) a tonne starting...
Oil Prices Rise After OPEC+ Output Cuts, ONGC, IOC Shares Surge to 6%
Shares of upstream oil and gas companies Oil and Natural Gas Corporation (ONGC) and Oil India surged as much as 6% in intraday trade on...
Centre Tears Windfall Tax on Domestic Crude Oil, ATF Export Rise
The Centre has augmented the special supplementary excise duty, commonly known as a windfall tax on the export of Aviation Turbine Fuel (ATF) and diesel....
Oil prices Slip as USD Strengthens, China’s Covid-19 Grief Reduces Demand
Oil prices fell on Tuesday to extend 2% losses in the previous session amid a stronger US dollar, and a rise in COVID-19 cases in...
Asian Shares Rise, Extend Gains After OPEC+ Deal
Asian shares were cautiously higher on Thursday, while the dollar weakened ahead of US nonfarm payrolls data and oil prices rose for a fourth straight...