Page 13 - Crude Oil

Oil slips on China demand concerns while EU weighs Russia oil ban

Both benchmark contracts rose more than 40 cents on Monday and extended those gains modestly in early trade on Tuesday

Iraq exports over 100 million barrels of crude oil in April: Oil ministry

The average selling price for crude oil in April was 104.09 dollars per barrel, according to a ministry statement, citing statistics from the State Organization for Marketing of Oil

New gas pipeline boosts European Union's bid to ease Russian supply

The Greek-Bulgaria border is where the European Union is redrawing the region's energy map to ease its heavy reliance on Russian natural gas

A core problem in domestic oil: Widening gap between targets and output

A persistent gap between output and targets has played its part in subdued core-sector growth

America discourages India from relying on Russia for defence: US officials

Remarks by American officials this week came amid growing disquiet in the West over India's refusal to directly condemn the Russian-Ukraine conflict and its decision to procure discounted Russian oil

Imran Khan once again praises India's foreign policy at Lahore rally

Earlier in March, Imran Khan has admitted that the foreign policy of India is independent and for the betterment of the people

India visit will deepen strategic ties, says British PM Boris Johnson

Ahead of Johnson's two-day visit, Downing Street has stressed that the UK would not look to "lecture" India over its neutral stance in the United Nations or its decision to hike Russian oil imports

India doubles down on every major Russian oil variety as flows persist

India has a longstanding relationship with Russia that includes weapons buying, and purchasing of oil adds to the Kremlin's coffers while it tackles financial sanctions

MRPL surges 13% on heavy volumes; stock zooms 58% in April

The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.

Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out

The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525.

Russia's Putin, Saudi's bin Salman discuss bilateral ties and oil

The Saudi readout of the call said the crown prince affirmed support for efforts that would lead to a political solution to the crisis in Ukraine

Oil prices rise over 2% despite big US crude stock build

Brent crude was up $2.72, or 2.6%, to $107.36 a barrel by 12:52 p.m. (1652 GMT) U.S. West Texas Intermediate (WTI) crude futures gained $2.39, or 2.4%, to $102.99

Ukraine war to result in 1.3% lower GDP growth for India, says WB official

He said that even the fact that India is able to buy some cheap oil from Russia at the moment, the big picture is still that they are being hurt by the high commodity prices in the market

Top oil merchant Vitol to stop trading Russian crude by end of this year

Vitol's announcement came after an adviser to Ukrainian President Volodymyr Zelenskiy wrote to the heads of Vitol and other merchant traders, asking them to terminate business dealings with Russia

United Nations seeks $80 million to prevent tanker disaster in Red Sea

The United Nations urged donor nations on Friday to provide $80 million for an emergency operation to remove a million barrels of crude oil from a tanker

Oil prices rise from three-week low as supply concerns linger

Japan will release 15 million barrels of oil from state and private reserves as part of the move, Kyodo news agency reported on Thursday

Oil prices rise above $105 a barrel as supply concerns persist

Saudi oil facilities have come under attack by the Houthis during the conflict, adding to supply disruption from Russia

Implications of short-term gain of cheap Russia oil must be weighed

So, India should carefully weigh the short term gains of buying cheap oil from Russia against implications of annoying the western alliances

Putting energy security first, buying discounted Russian oil: FM Sitharaman

Sitharaman said that she was entering financial year 2022-23 (FY23) with "cautious optimism" at a time of global commodity price escalation due to the Russia-Ukraine war

Oil set for biggest weekly losses in 2 years after oil stockpile release

JPMorgan said in a note it had kept its price forecasts unchanged at $114 a barrel for the second quarter and $101 a barrel in the second half of this year