Oil Price

Friday marks the one-year anniversary of the Russia-Ukraine war, have a look at how the conflict that nobody believed would last this long changed the world

Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia's invasion of Ukraine sparked supply concerns

Brent crude was up 73 cents, or 0.9%, at $84.65 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $80.41 a barrel, up 85 cents, or 1.1%

The government in Ankara is insisting the ships have a letter from their insurer guaranteeing cover while in Turkish waters -- something that's yet to happen

G7's proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues

"Oil is expected to remain the number one fuel in the global primary energy mix," the report said

Crude production in western Africa has fallen by one-third since 2010 and is expected to drop again this year

Brent crude futures were down $1.49, or 1.6%, at $93.08 a barrel at 1330 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.64, or 1.8%, to $87.47.

A higher than expected production cut by the group will add to the strain on government finances

Reuters on Tuesday reported local govt bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues

Prices drew some support from Russian President Vladimir Putin's threat to halt oil and gas exports if price caps are imposed by European buyers

The South Asian nation, which has emerged as one of the biggest buyers of Russian oil since the invasion of Ukraine, is hesitant to join the plan unless a consensus is reached with all buyers

Level last seen on Apr 5; indices up 17% since June 17 lows

The rupee settled at 79.60 per US dollar, as against 79.44 per US dollar at its previous close

Decision arrived at today during a meeting between industry players & officials

Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market

Given the macro headwinds - the need to tighten monetary policy combined with the risk of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position

Country's energy needs are enormous, says oil ministry in statement.

U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.4 per cent, to 102.60 a barrel, adding to a 19 cent gain in the previous session.

Brent crude futures rose 66 cents, or 0.6%, to $107.91 a barrel by 0623 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 46 cents, or 0.5%, to $103.02 a barrel