Page 14 - Crude Oil Prices

Oil set for 20% drop in 2020 as coronavirus lockdowns weigh on economy

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy

Oil and gas price volatility likely to continue in 2021, say experts

Experts say refiners in Asia may continue to see stressed crack spread

Oil prices slip amid worries over fast-spreading new coronavirus strain

Oil prices slid as a new coronavirus strain in the UK raised concerns that tighter restrictions there and in other European nations could stall recovery in global economy and its need for fuel

Oil prices hit 9-month high on US stimulus deal, refining demand in India

Oil climbed and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India

Oil prices slip on surprise gain in US inventory, demand squeeze worries

Oil prices dropped on a surprise gain in crude oil inventories in the US and as investors continued to worry about demand for fuel being squeezed amid Covid-19 lockdowns

Oil prices near $50 as coronavirus vaccine fuels demand recovery hopes

Brent crude rose 51 cents, or 1 per cent, to $49.35 a barrel by 7:35 pm IST. West Texas Inter-mediate (WTI) crude climbed 51 cents, up 1 per cent, to $49.35

Asian stocks hit record-high on hopes of US stimulus package, Covid vaccine

A gauge of Asian shares hit a record peak on hopes of a much-needed US stimulus package before year-end just as coronavirus vaccines roll out, while oil prices hovered near their highest since March

Fuel prices hiked in international market due to US elections: Pradhan

Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan on Sunday said there has been a rise in fuel prices in the international market because of the recent elections in America and other reasons."There has been a rise in fuel prices in the international market because of recent elections in America and other reasons," said Pradhan."Recently, OPEC has decided to increase production. We expect the fuel prices to stabilise soon," he added.Pradhan on Sunday interacted with officials of Indore Municipal Corporation, officials of the state unit of Indian Oil and several stakeholders from the industry. Had insightful discussions on the efforts of IMC in waste segregation & management to ensure a clean environment for better public health, he added."Indore Municipal Corporation also came up with a presentation on setting up of waste-to-energy plants. Happy to share that IMC has consistently eliminated garbage dumps, ensured 100 per cent household-waste segregation and ...

Oil slips from 7-month high on signs of more supply, demand doubts

But Brent was down 81 cents, or 1.7%, at $47.80 a barrel by 1256 GMT on Thursday, having dropped as much as $1

Oil slips a second day as coronavirus cases spiral amid stimulus talks

US oil prices slipped, but prices were supported by signs of movement on a stimulus deal in Washington

Saudi Aramco gets $8 billion with jumbo five-part bond deal: Report

The move is part of an onslaught on international debt markets by Gulf issuers seeking to plug finances hit by the pandemic and weak oil prices

ONGC Q2 net profit down 55% at Rs 2,878 cr due to lower crude oil price

Similarly, gross revenues declined 30.9 per cent to Rs 16,917 crore against Rs 24,493 crore in FY20

No change in petrol, diesel rates even as global oil prices soften

Global crude prices have remained around $40 a barrel

Rupee settles seven paise lower at 74.15 against US dollar

Higher crude oil prices also put pressure on the Indian currency

US oil drops as Covid-19 pandemic rages while US vote counting continues

US oil fell nearly 1% as new lockdowns went into affect in Europe raising questions over demand for crude, while ballots were still being counted in the US election, keeping markets on edge

Oil falls over 1% as markets whipsawed by US election uncertainty

Oil dropped as Democrat Joe Biden edged closer to the White House but the Republicans look likely to retain Senate control, decreasing the chances of any huge Covid-19 relief package

Oil climbs as US stockpiles shrink, election uncertainty looms over market

West Texas Intermediate was up 71 cents, or 1.9%, at $38.37 a barrel by 0157 GMT, having gained more than $1 earlier in the day

Oil plunges over 5% as pandemic surges, US crude stockpiles, output soar

Also weighing on the market, US crude stockpiles rose more than expected last week as production surged in a record build

Oil slips as Covid-19 may force Russia to support extending output cuts

Brent crude rose 6 cents, or 0.1%, to $42.52 a barrel by 0810 GMT having risen 1.7% on Thursday. U.S. crude fell 7 cents, or 0.2%, to $40.57

Petrol, diesel prices unchanged, crude oil prices firms after fall

Diesel and petrol prices remained unchanged on Tuesday with oil marketing extending the pause after reducing fuel prices, particularly diesel, for the past several days