Page 34 - Crude Oil Price

India talks tough at CERAWeek, pushes for lowering of crude oil price

High crude prices have made India rethink its energy transition strategy

Buoyed by power crunch, Brent crude oil crosses $86-mark

Brent crude oil futures were up 13 cents, or 0.15 per cent, to $84.73 a barrel at 9.00 pm ist, after hitting $86.04, their highest level since October 2018

India in no hurry to unwind stimulus but oil a worry, says Sitharaman

Rising crude oil prices are emerging as a huge challenge and the uncertainty could upend some of her plans to get the economy back on track, she said

Asian shares jittery ahead of China's economic data; oil hits fresh highs

Oil prices hit new multi-year peaks, continuing their recent surge amid a global energy shortage

Oil prices climb more than 3% amid robust demand and tighter supplies

Brent crude futures touched their highest since October 2018, rising 84 cents, or 1%, to $84.84 a barrel by 0652 GMT

Oil prices rise on tight supply, set for weekly gain of more than 2%

Analysts pointed to a sharp drop in OECD oil stockpiles, to their lowest level since 2015

Rising global oil and coal prices pose macro risks to India: Morgan Stanley

The rising commodity prices expose India to macro risks including on the already elevated inflation and growth fronts, a foreign brokerage said on Thursday. There has been 14 per cent jump in oil prices to USD 83 per barrel and 15 per cent rise in coal rate to USD 200 per metric tonne, analysts at Morgan Stanley said. This rise in energy prices, specifically oil, has prompted concerns of higher inflation, slower growth and whether this could lead to disruptive monetary policy tightening, they said. They added that there are upside risks to inflation, and growth will only improve from a two-year compounded annual growth rate, which will lead to normalisation of the policy. Inflation will move back toward 5.5 per cent by the quarter ending March 2022 after remaining below the 5 per cent mark in the next few readings, it said, noting that a continued rise in energy prices, specifically oil, increases inflation risks. Assuming a complete pass through, a 10 per cent rise in oil prices

Oil slips, takes breather after gains driven by global energy crisis

Oil prices edged lower on Tuesday, dropping for the first time in four days in what analysts called a breather after weeks of gains

Oil prices settle up 1.5%; hits multi-year highs on surging demand

Oil prices jumped on Monday to the highest levels in years, fuelled by rebounding global demand that has contributed to power and gas shortages in key economies like China

Oil surges past $80 with global power crisis set to boost demand

West Texas Intermediate futures climbed around 2% after topping the psychological price threshold on Friday for the first time since November 2014

Govt says volatile crude oil prices pose concerns for the economy

Volatility in the prices of crude oil, edible oils and metal products pose concerns for India's economy, though inflation is expected to ease in coming months, a government report said on Monday

Oil gains amid supply restraint, rising energy demand; WTI tops $80

Oil prices rose on Monday, extending multiweek gains as economies try to recover from the coronavirus pandemic

Wall St Week Ahead: Energy price spike adds market risk as earnings arrive

Stocks rebounded this week after Monday's losses left the S&P 500 down 5.2% from its record high hit in September

Oil drops for second session on unexpected rise in US inventories

Oil prices dropped for a second session Thursday, under pressure from an unexpected rise in U.S. crude stocks that raised concerns over demand after prices rallied to multi-year highs.

Asian shares rise on stronger global risk appetite as oil prices ease

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.25% in early trade, regaining ground lost in recent days to be little changed on the week.

Oil price, Moody's improved outlook, low interest rates: Tough call for RBI

While the share of oil in India's import basket is as much as 22.5% currently, a falling rupee could fuel inflation and take the steam out of low interest rates

Substantial increase in fuel prices on cards as crude crosses $82 a barrel

The petrol price in Delhi rose to its highest-ever level of Rs 102.64 a litre and to Rs 108.67 in Mumbai, according to a price notification of state-owned fuel retailers

Petrol, diesel prices rise again amid volatility in global oil market

The prices of petrol and diesel rose simultaneously again on Tuesday amidst volatility in the global oil prices with benchmark crude increasing to above $80 a barrel.

Oil prices edge lower in wake of jump on OPEC+ supply restraint

Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply.

Oil at highest since 2014 as OPEC panel advises sticking to plan

The market has tightened significantly following the economic recovery from the pandemic and supply disruption in the Gulf of Mexico due to Hurricane Ida