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oil price today

Brent settles above $90 for first time since October on geopolitical tension

Brent settles above $90 for first time since October on geopolitical tension

Fri, Apr 05, 2024

Both contracts closed on Thursday at their highest levels since October and continued to climb after the session ended, having received support in recent days from heightened geopolitical tensions and potential supply risks.

Oil rises after OPEC+ extends output cuts

Oil rises after OPEC+ extends output cuts

Mon, Mar 04, 2024

The output cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) is expected to cushion the market amid global economic concerns and rising output outside the group, with Russia's announcement surprising some analysts.

Oil prices roughly flat as unclear demand scenario weighed

Oil prices roughly flat as unclear demand scenario weighed

Fri, Feb 16, 2024

The U.S. Commerce Department report showed retail sales dropped 0.8 per cent in January, the biggest fall since February 2023.

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Oil ticks up as Middle East crisis escalates, tankers divert

Oil ticks up as Middle East crisis escalates, tankers divert

Tue, Jan 16, 2024

Oil prices rose 2 per cent last week in response to the rising conflict in the region, but the lack of direct impact on oil production could be limiting gains.

India will buy oil from wherever it wants, no one has told us not to buy from Russia: Petroleum minister Hardeep Singh Puri

India will buy oil from wherever it wants, no one has told us not to buy from Russia: Petroleum minister Hardeep Singh Puri

Sat, Oct 08, 2022

Oil price rise in India is way below global price hikes, said Union Minister of Petroleum and Natural Gas Hardeep Singh Puri, asserting that no country has told India to stop buying oil from Russia.

Oil prices today: Crude falls amid fears of rate hike by US Federal Reserve

Oil prices today: Crude falls amid fears of rate hike by US Federal Reserve

Thu, Jul 14, 2022

Oil prices ticked down on Thursday as investors doubled down on the possibility of a rate hike by the U.S. Federal Reserve that would stem inflation and curb oil demand.

Oil prices stable as market weighs fuel stocks build amid supply concerns

Oil prices stable as market weighs fuel stocks build amid supply concerns

Thu, Jun 30, 2022

Oil prices were little changed on Thursday as markets weighed a rise in U.S. gasoline and distillate inventories and worries about slower economic growth amid concerns of supply tightness.

Brokerage sees robust gas demand at 6.1% CAGR over next 8 years; maintains buy on GAIL, MGL, Gujarat Gas and Petronet

Brokerage sees robust gas demand at 6.1% CAGR over next 8 years; maintains buy on GAIL, MGL, Gujarat Gas and Petronet

Wed, Jun 29, 2022

After a three-day back-to-back rally, oil prices declined on Wednesday as concerns about the global economy weighed while tight supply curbed losses

Oil climbs even as weaker demand concerns cap gains

Oil climbs even as weaker demand concerns cap gains

Fri, May 13, 2022

Oil prices firmed in early trade on Friday but were headed for their first weekly losses in three weeks as worries about inflation and China`s COVID lockdowns slowing global growth outweighed concerns about dwindling fuel supply from Russia

Oil slips on global economic concerns, ahead of EU vote on Russia oil ban

Oil slips on global economic concerns, ahead of EU vote on Russia oil ban

Mon, May 09, 2022

Oil prices slipped on Monday, along with stock markets in Asia, sparked by fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that is expected to tighten global supplies.

Oil falls as demand concerns weigh against tight supply

Oil falls as demand concerns weigh against tight supply

Fri, May 06, 2022

Oil prices dipped at the start of Asian trade on Friday as worries about an economic downturn that could dampen demand for crude vied with concerns over new sanctions from the European Union against Russia, including an embargo on crude oil.

Oil eases as China lockdowns weigh on demand outlook

Oil eases as China lockdowns weigh on demand outlook

Fri, Apr 29, 2022

Oil edged lower on Friday as China`s COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices.

Oil prices rise 1% after sinking in previous session

Oil prices rise 1% after sinking in previous session

Wed, Apr 20, 2022

Oil prices rose about 1% on Wednesday, gaining back some of their losses during the previous session on concerns about energy demand after the International Monetary Fund (IMF) cut its economic growth forecasts.

Oil markets open slightly lower as market weighs mixed supply signals

Oil markets open slightly lower as market weighs mixed supply signals

Thu, Apr 14, 2022

Oil futures were down slightly Thursday morning, after rising sharply in the first half of the week, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply.

Oil opens higher as OPEC warns of tight supply and Russian sanctions loom

Oil opens higher as OPEC warns of tight supply and Russian sanctions loom

Tue, Apr 12, 2022

Oil futures rose early on Tuesday, reversing sharp losses from the prior day, as the market weighed the potential for more sanctions on Russia`s energy sector and OPEC warned it would be impossible to increase output enough to offset lost supply.

Oil headed for 3% weekly fall on emergency stocks release

Oil headed for 3% weekly fall on emergency stocks release

Fri, Apr 08, 2022

Oil prices inched up on Friday but were set to fall around 3% for the week after consuming countries agreed to release 240 million barrels of oil from emergency stocks to help offset disrupted Russian supply.

Oil gains $1 as emergency oil release seen as band-aid

Oil gains $1 as emergency oil release seen as band-aid

Thu, Apr 07, 2022

Oil prices clawed back some losses on Thursday after tumbling more than 5% to a three-week low in the previous session after consuming nations announced a huge release of oil from emergency reserves to offset supply lost from Russia.

Oil rises as uncertainty around supply persists

Oil rises as uncertainty around supply persists

Tue, Apr 05, 2022

Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns about supply disruptions, while Iran nuclear talks stalled.

Oil extends losses on reserves release, Yemen truce

Oil extends losses on reserves release, Yemen truce

Mon, Apr 04, 2022

Oil prices extended losses on Monday as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East.

Oil seesaws ahead of consumer nations meeting on stocks release

Oil seesaws ahead of consumer nations meeting on stocks release

Fri, Apr 01, 2022

Oil prices seesawed on Friday ahead of a meeting of consuming nations to discuss a new release of emergency oil reserves alongside a huge planned release by the United States.

Oil prices tumble more than $5 a barrel as Biden weighs massive reserves release

Oil prices tumble more than $5 a barrel as Biden weighs massive reserves release

Thu, Mar 31, 2022

Oil futures dived more than $5 a barrel on Thursday morning on news that the Biden administration is weighing releasing some 1 million barrels of oil per day from strategic reserves for several months in a bid to calm soaring crude prices.

Oil slumps as Shanghai lockdown raises fears over drop in demand

Oil slumps as Shanghai lockdown raises fears over drop in demand

Mon, Mar 28, 2022

Oil prices plunged about $4 on Monday as concerns over slower fuel demand in China grew after authorities in Shanghai said they would shut the country`s financial hub for a COVID-19 testing blitz over nine days.

Oil drops as supply crunch fears ease, trading costs rise

Oil drops as supply crunch fears ease, trading costs rise

Fri, Mar 25, 2022

Oil prices fell about a $1 on Friday as the United States and allies considered releasing more oil from storage to cool markets and as traders faced higher costs for trading benchmark Brent futures.

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