Page 3 - Brent Crude Oil

India refiners skip Rosneft crude tenders on 'biased' terms: Reports

Rosneft on Wednesday issued tenders to sell a total of 6.5 million tonnes of Urals, Siberian Light, Sokol and ESPO Blend crude for loading in May-June and had asked for roubles and full prepayments.

Oil prices rebound after sharp losses as supply concerns dominate

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

Global oil prices rise as Libya outages add to Russia supply fears

Adding to supply pressures from sanctions on Russia, Libya's National Oil Corp on Monday warned 'a painful wave of closures' had begun hitting its facilities

Oil extends gains with falling supplies in focus as Ukraine talks fail

Russian President Vladimir Putin on Tuesday blamed Ukraine for derailing peace talks and said Moscow would not let up on what it calls a 'special operation' to disarm its neighbour

Oil falls 4% to below $100 per barrel on worsening China demand outlook

Brent crude for June delivery was down $3.93, or 3.8 per cent, at $98.85 a barrel by 1130 GMT

India supports release of oil from reserves to cool prices: Minister

Oil prices plunged on Thursday on news that the United States was considering releasing up to 180 million barrels from its strategic petroleum reserve (SPR)

Oil prices drop as supply crunch fears ease, trading costs rise

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.

Analysts see more pain ahead for FMCG stocks amid rising input costs

Instead of a recovery in gross margins in fiscal 2022-23 (FY23), Jefferies now builds-in 50-200 basis point (bps) YoY decline, assuming crude stays closer to $100 a barrel and palm oil at $1,500/MT

Markets are not fully pricing in fuel-led inflation yet, say analysts

Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel

Brent at $115 a barrel as European Union weighs Russia oil ban

Crude oil prices stayed strong a fourth day as the European Union weighed a possible ban on Russian crude imports, to punish Moscow for its invasion of Ukraine

Crude oil prices surge as supply risk grows from Russia-Ukraine war

Oil prices surged for a third day as the war in Ukraine neared the one-month mark with no conclusion in sight.

Rupee slumps 26 paise to 76.10 against US dollar in early trade

The Indian Rupee opened weak against the US dollar as crude oil prices and the dollar reversed some of their recent declines, said Sriram Iyer, senior research analyst at Reliance Securities

Oil prices headed for weekly loss, but stay well above $100/barrel

Russia said an agreement had yet to be reached after a fourth day of talks with Ukraine during which some signs of progress had emerged earlier in the week

Oil price benchmarks fall below $100, first time in almost 3 weeks

Oil prices tumbled more than 6% on Tuesday to their lowest in almost 3 weeks, as Iran nuclear deal hopes rise and growing outbreaks in China make traders worry

Wall Street heads for gains after world shares sink, oil falls about 8%

Wall Street heads for gains after world shares sink Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5%. Oil prices slid about 8% as virus lockdowns and rising numbers of COVID cases in China threaten to disrupt manufacturing and trade. The sell-off gathered pace late in the session despite the release of data showing strong increases in Chinese retail sales, industrial production and investment in January-February. It followed a decision by China's central bank not to ease interest rates to spur economic growth. Futures for the Dow industrials gained 0.3% while futures for the S&P 500 rose 0.4%. Prices of oil and other commodities slid as Russian forces pounded the Ukraine capital ahead of another round of talks between the two sides. Germany's DAX and the CAC 40 in Paris both fell 1.2%, while Britain's FTSE 100 declined 0.8%. Anxiety over the war in Ukraine and an upcoming ...

Oil firms amid supply worries, but heads for sharp weekly decline

Brent crude futures climbed $2.48, or 2.27%, to $111.81 a barrel at 0747 GMT after dropping 1.6% in the previous session.

After poll results, market to shift focus back on geopolitics: Emkay

It holds that the strong political outcome for the BJP implies space for policy continuity ahead

Reliance Industries sells CBM gas for over $23; HOEC gets $25

The firm had sought bids at a premium over the base of 13.2 per cent of Brent crude oil prices

Chemical stocks face crude shock amid Ukraine conflict

Among the impacted sectors, after rising Brent crude price, chemicals are reeling under pressure. Their stocks continue to tumble. Should investors lap up shares after this correction or wait?

Analysts caution against betting on crude-dependent chemical stocks

The Russia-Ukraine crisis has sprung up worries for the sector yet again as analysts say margins of chemical companies will be impacted due to the rise in prices of crude oil