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Global Oil Price

Oil prices retreat amid talks to revive Iran accord; Brent crude at $96.38/bbl

Oil prices retreat amid talks to revive Iran accord; Brent crude at $96.38/bbl

Tue, Aug 09, 2022

Traders will be watching out for weekly U.S. oil inventory data, first from the American Petroleum Institute on Tuesday and then the Energy Information Administration on Wednesday.

When will government consider lowering windfall tax as global oil prices decline?

When will government consider lowering windfall tax as global oil prices decline?

Fri, Jul 15, 2022

The fall in the crude oil prices as well as the refining margin for diesel, petrol and aviation turbine fuel, raises the question whether the Indian government should continue with its windfall tax, said CLSA Ltd in a report.

Petrol price hiked 30 paise, diesel up 35 paise; total increase now stands at Rs 4-4.10

Petrol price hiked 30 paise, diesel up 35 paise; total increase now stands at Rs 4-4.10

Mon, Mar 28, 2022

Petrol price on Monday was hiked by 30 paise a litre and diesel by 35 paise, taking the total increase in rates in the last one week to Rs 4-4.10 per litre.

TRENDING NOW

Oil extends gains on easing Omicron fears, Iran delay

Oil extends gains on easing Omicron fears, Iran delay

Tue, Dec 07, 2021

Oil prices edged up on Tuesday after a near 5% rebound the day before as concerns about the impact of the Omicron variant on global fuel demand eased while Iran nuclear talks hit roadblocks, delaying the return of Iranian crude supplies.

Oil prices slide on expectations of higher supply, weaker demand

Oil prices slide on expectations of higher supply, weaker demand

Mon, Nov 15, 2021

Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand.

Oil rises after OPEC+ rejects call for more supply

Oil rises after OPEC+ rejects call for more supply

Fri, Nov 05, 2021

Oil prices rose more than 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the pandemic.

Oil price ends March with biggest monthly and quarterly losses ever

Oil price ends March with biggest monthly and quarterly losses ever

Wed, Apr 01, 2020

Crude oil price benchmarks ended a volatile quarter with their biggest losses in history, as both US and Brent futures were hammered throughout March on the global economic freeze due to the coronavirus.

Oil prices rise after bigger-than-expected fall in U.S. inventories

Oil prices rise after bigger-than-expected fall in U.S. inventories

Thu, May 30, 2019

Oil prices climbed on Thursday after an industry report showed a decline in U.S. crude inventories that exceeded analyst expectations.

Oil dips after Trump calls on OPEC to ease high prices

Oil dips after Trump calls on OPEC to ease high prices

Tue, Feb 26, 2019

Trump on Monday expressed concern about oil prices and repeated his previous calls on the Organization of the Petroleum Exporting Countries (OPEC) to keep prices steady.

Decline in oil price to continue; risk to inflation moderate: Report

Decline in oil price to continue; risk to inflation moderate: Report

Sat, Nov 10, 2018

In the past one month, crude prices declined by around USD 16/bbl as some nations got waivers to import oil from Iran, amid signs that other OPEC members will pump more to offset any supply gap.

Oil falls below $70 as U.S. crude enters "bear market"

Oil falls below $70 as U.S. crude enters "bear market"

Fri, Nov 09, 2018

U.S. light crude fell to an eight-month low below $60 a barrel, hitting a trough of $59.78, down 89 cents and off more than 20 percent since early October. That puts the U.S. contract officially in "bear market" territory, borrowing a definition commonly used in stock markets.

Oil prices hold ground, but set for 4 percent weekly fall

Oil prices hold ground, but set for 4 percent weekly fall

Fri, Oct 12, 2018

Wall Street extended its slide into a sixth session and a global equity index fell to a 1-year low on Thursday as investors feared an escalating U.S. trade war with China and risks from a recent climb in interest rates. Japan`s Nikkei was slightly lower in early trading on Friday.

Oil takes breather from losses but oversupply concerns remain

Oil takes breather from losses but oversupply concerns remain

Tue, Aug 02, 2016

Global fuel inventories are brimming as refineries have churned out huge volumes of diesel, gasoline and jet fuel but the supply glut has diminished profit margins and demand has been unable to keep up with supply.

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