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Asian oil prices

Oil tumbles on global economic worries, strong dollar

Oil tumbles on global economic worries, strong dollar

Tue, May 10, 2022

Oil prices tumbling more than 1% on Tuesday, extending the previous day`s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand

Oil slips on worries that economic slowdown could weigh on fuel demand

Oil slips on worries that economic slowdown could weigh on fuel demand

Tue, Nov 06, 2018

Oil prices slipped on Tuesday as concerns that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran. U.S. West Texas Intermediate (WTI) crude futures were at $62.93 a barrel at 0131 GMT, down 17 cents, or 0.3 percent, from their last settlement.

Oil price crisis: India to form oil buyers club to counter OPEC?

Oil price crisis: India to form oil buyers club to counter OPEC?

Thu, Jun 14, 2018

Production cuts by OPEC have led to international oil prices hitting a four year high last month that forced a Rs 3.8 per litre hike in petrol and Rs 3.38 a litre increase in diesel prices. Rates started to cool towards month end and retail prices have been cut thereafter.

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Asian oil prices slip on strong dollar, firm global supplies

Asian oil prices slip on strong dollar, firm global supplies

Mon, May 23, 2016

In a further sign of abundant supply, the number of rigs operated by US drillers was steady last week for the first time this year.

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