Page 53 - Crude Oil Price

Petrol price rise for sixth consecutive day, crude oil prices also rise

Petrol prices have been on the rise for the sixth consecutive day on Tuesday, while diesel held on to its price line that it has maintained since July 30

Oil prices mixed on storm-driven output cuts, rising Covid-19 cases

Brent crude oil futures added 5 cents, or 0.1%, to $45.18 a barrel by 0055 GMT, while US West Texas Intermediate crude was down 9 cents, or 0.2%, at $42.53 a barrel

Oil prices gain as storm shuts US output, progress in Covid-19 treatment

Brent crude was up 32 cents, or 0.7 per cent, at $44.67 a barrel by 0753 GMT. US West Texas Intermediate crude rose 31 cents, or 0.7 per cent, to $42.65

Oil prices edges up as storms takes aim at Gulf of Mexico; gains capped

Oil producers had shut 58% of the Gulf's offshore oil production and 45% of natural gas production on Sunday

Petrol prices hiked six times in a week, costs Rs 81.35 a litre in Delhi

Petrol prices were raised by 16 paise in Delhi to Rs 81.35 a litre; in Mumbai, it stands at Rs 88.02 a litre

Oil climbs for third straight week, buoyed by producers holding back output

Brent crude futures rose 16 cents, or 0.4%, to $44.07, heading for a weekly rise around 0.5%

Oil rises on China's plan to boost US crude imports, OPEC+ compliance

Firmer stock markets and a weaker dollar were also lending support, said Commerzbank analyst Eugen Weinberg

Oil prices climb over China's plans to ship in large volumes of US crude

Brent crude rose 21 cents, or 0.5 per cent, to $45.01 a barrel by 0023 GMT while US West Texas Intermediate crude was up 27 cents, or 0.6 per cent, to $42.28 a barrel

Privatisation-bound BPCL's net profit almost doubles to Rs 2,076 cr in Q1

Standalone net profit in April-June stood at Rs 2,076.17 crore compared with Rs 1,075.12 crore a year back, the company said in a regulatory filing

Oil prices bolstered by bigger-than-expected drop in US crude stocks

Brent crude was up 15 cents, or 0.3%, at $44.65 a barrel by 0206 GMT, after falling around 1% on Tuesday

OPEC+ has tricky balancing act keeping $40/b oil price floor

There is still a long way to go before Asian demand can be relied upon again

Oil firms on US stimulus hopes, Asian demand recovery as economies reopen

Brent crude added 7 cents, or 0.2%, to $45.06 a barrel, as of 0027 GMT. West Texas Intermediate U.S. crude rose 14 cents, or 0.3%, to $42.08 a barrel

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

Oil prices slip on uncertainty over US recovery, stimulus, rising Covid-19

WTI and Brent are both set for weekly gains of at least 4%, the most for the two benchmark contracts since the week ending July 3

Oil prices under five-month highs on weaker dollar, low US crude inventory

Brent crude fell 7 cents to $45.10 a barrel by 0802 GMT, while US crude was down 25 cents at $41.94

The importance of high-yield markets

Their role in fuelling the success of the US shale industry offers lessons for India's economy today

India's June crude oil imports lowest in over 5 yrs; exports fall

Fuel demand in India, the world's third-biggest oil importer and consumer, fell 7.8% in June

India's June crude oil imports lowest in over five years; exports also drop

Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes

Oil gains on sharp US crude inventory drop; Covid-19 keeps surge in check

Brent crude futures gained 35 cents to $43.57 a barrel by 10:57 a.m. EDT (1457 GMT). US West Texas Intermediate crude futures were up 18 cents to $41.22.

First Abu Dhabi Bank profit drops 25% on higher impairments charges

Banks in the region have been hit by the twin shock of the coronavirus pandemic and lower oil price