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Page 42 - Crude Oil Price

Oil prices climb on drop in US oil stockpiles; solid demand outlook

Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC's robust demand outlook

Oil prices climb on drop in US oil stockpiles; solid demand outlook
Updated On : 12 May 2021 | 10:05 AM IST

Occidental Petroleum loss narrows as chemicals, oil exports gain

The company benefited from a rebound in oil prices, up about 23% during the first quarter, as fuel demand recovered after being decimated last year by lockdowns

Occidental Petroleum loss narrows as chemicals, oil exports gain
Updated On : 11 May 2021 | 7:23 AM IST

Global oil prices edge up as investors eye fuel demand recovery

Oil prices edged up in early Asian trade after a 1% dip in the previous session, as global economic recovery and easing travel curbs in the United States and Europe buoyed the fuel demand outlook

Global oil prices edge up as investors eye fuel demand recovery
Updated On : 07 May 2021 | 8:23 AM IST

Oil prices fall as U.S. gasoline stocks rise for fifth consecutive week

Oil prices fell on Thursday as gasoline inventories in the US, the world's largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices

Oil prices fall as U.S. gasoline stocks rise for fifth consecutive week
Updated On : 06 May 2021 | 9:57 AM IST

Oil nears $70 as data shows bigger-than-expected drop in US crude stocks

Brent crude futures were up 49 cents, or 0.7 per cent, at $69.37 barrel after touching a more than seven-week high of $69.78 earlier in the session

Oil nears $70 as data shows bigger-than-expected drop in US crude stocks
Updated On : 05 May 2021 | 3:03 PM IST

Saudi Aramco's first-quarter profits up by 30% amid higher crude oil prices

Aramco is more than 98 per cent owned by the Saudi government

Saudi Aramco's first-quarter profits up by 30% amid higher crude oil prices
Updated On : 05 May 2021 | 12:02 AM IST

Oil prices firm as US, Europe growth prospects counter India concerns

Oil prices extended gains on Tuesday as more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as Covid cases soar

Oil prices firm as US, Europe growth prospects counter India concerns
Updated On : 04 May 2021 | 10:03 AM IST

Crude oil jumps above $64, marking one year of crash below zero

West Texas Intermediate advanced 1.3 per cent, adding to Monday's modest climb as the dollar weakened, while production in Libya fell below 1 million barrels a day amid a budget dispute

Crude oil jumps above $64, marking one year of crash below zero
Updated On : 21 Apr 2021 | 1:05 AM IST

Crude oil refinery output falls 11% in FY21 on Covid-led demand destruction

Crude oil and natural gas production also declines

Crude oil refinery output falls 11% in FY21 on Covid-led demand destruction
Updated On : 20 Apr 2021 | 8:28 PM IST

Oil prices rise to one-month high on weak dollar, fall in US inventory

Buyers using other currencies pay less for dollar-denominated oil when the greenback weakens

Oil prices rise to one-month high on weak dollar, fall in US inventory
Updated On : 20 Apr 2021 | 12:51 PM IST

Oil steadies as dollar slumps but Covid-19 pandemic surge weighs

Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week

Oil steadies as dollar slumps but Covid-19 pandemic surge weighs
Updated On : 19 Apr 2021 | 11:09 PM IST

Jet fuel price cut by 1% amid softening international crude oil prices

This is the second reduction in rates this month

Jet fuel price cut by 1% amid softening international crude oil prices
Updated On : 16 Apr 2021 | 6:43 PM IST

Crude oil will climb above $70; energy security could reappear on the radar

Crude oil prices could shift higher again once the market shakes off the latest bout of coronavirus jitters

Crude oil will climb above $70; energy security could reappear on the radar
Updated On : 13 Apr 2021 | 10:16 AM IST

Oil slips towards $59 as investors weigh near-term demand outlook

Futures in New York lost 0.5 per cent on Monday after falling 3.5 per cent last week

Oil slips towards $59 as investors weigh near-term demand outlook
Updated On : 12 Apr 2021 | 11:36 PM IST

Oil prices climb on favourable outlook for United States fuel demand

Oil prices climb on favourable outlook for United States fuel demand

Oil prices climb on favourable outlook for United States fuel demand
Updated On : 12 Apr 2021 | 2:07 PM IST

Undiplomatic wrangling

India-Saudi relationship must survive oil price dispute

Undiplomatic wrangling
Updated On : 08 Apr 2021 | 11:17 PM IST

Oil prices slip after surprise hefty build in US gasoline stocks

NEW YORK (Reuters) - Oil prices eased on Wednesday after U.S. gasoline inventories unexpectedly swelled, fanning fears that new coronavirus outbreaks will weaken the global recovery in fuel demand.

Oil prices slip after surprise hefty build in US gasoline stocks
Updated On : 07 Apr 2021 | 10:18 PM IST

Oil falls before Iran nuclear deal talks while coronavirus risks weigh

Futures in New York fell as much as 3 per cent on Monday

Oil falls before Iran nuclear deal talks while coronavirus risks weigh
Updated On : 06 Apr 2021 | 12:56 AM IST

India strongly pitches for easing cuts in crude oil production

Ministry of Petroleum and Natural Gas is reviewing closely the global crude supplies and price situation

India strongly pitches for easing cuts in crude oil production
Updated On : 03 Apr 2021 | 12:56 AM IST

Oil settles up more than $2 despite OPEC+ production cuts

Brent crude settled up $2.12, or 3.4%, to $64.86 a barrel. US oil settled up $2.29, or 3.9%, at $61.45 a barrel.

Oil settles up more than $2 despite OPEC+ production cuts
Updated On : 02 Apr 2021 | 3:00 AM IST