Page 17 - Crude Oil

US to sell 32 mn barrels of crude from 4 sites as part of strategic sale

Companies are required to submit bids on Dec. 6 and contracts will be awarded no later than Dec. 14

Explained: How the release of SPR oil is more politics than economics

India agreed to release 5 mn bbl of crude oil from its SPR at an unspecified time

Fighting gas prices, US decides to release 50 million barrels of oil

The government will begin to move barrels into the market in mid- to late-December

India to release 5 mn barrels of crude from reserves in bid to cool prices

This coordinated release of crude oil from strategic reserves will be the first of its kind globally

India working on ways to release of oil reserves after US request

India is working on ways to release crude oil from its strategic storages in tandem with other major economies to dampen prices, a top government official said

Oil prices remain under pressure from both supply and demand factors

Prices of the Brent and U.S. West Texas Intermediate crude benchmarks fell more than $1 in early trading, hitting their lowest since Oct. 1

After US request, Japan considering release of state oil reserves: Report

Japan is considering the unprecedented release of state oil reserves after a request from Washington

Oil drops below $80 on amid fresh surge of Covid-19 cases in Europe

Brent crude was down $2.44, or 3%, at $78.80 a barrel by 1110 GMT, its lowest since early October, after earlier rising to as high as $82.24

Oil at six-week low as China readies crude oil reserve release

Brent crude was down 83 cents, or 1%, to $79.87 a barrel by 0749 GMT, after earlier dropping to $79.28, the lowest since Oct. 7

Oil slumps, hitting six-week lows on revived supply concerns

The declines took Brent to its lowest close since October 1 and US crude to its lowest settlement since October 7

Oil prices on track for weekly dip as dollar continues to gain

US West Texas Intermediate crude futures fell 61 cents, or 0.8%, to $80.98 a barrel at 0749 GMT, reversing Thursday's 25 cent gain

Larger-than-expected Saudi crude price hikes to Asia bullish for markets

Brent and U.S. West Texas Intermediate crude futures gained more than $1 on Monday following Saudi's announcement

Oil India aims to increase crude output by over 30% in FY24: Chairman

In a Q&A, Sushil Chandra Mishra says the company hopes to pay off long-term debt raised for NRL stake buy if crude oil rally sustains

Oil drops on China fuel reserves release; OPEC+ meeting in view

Brent crude futures dropped 46 cents, or 0.6%, to $83.26 a barrel by 0746 GMT

Sept core sector growth drops to 4.4% YoY as rains affect infra activity

Core sector rose 16.6 per cent in the first half of the current financial year against a contraction of 14.5 per cent in the corresponding period of the previous year

Oil plunges to 2-week low on US inventory shock, rise in Covid-19 cases

Brent crude dropped 94 cents, or 1.1%, to $83.64 a barrel by 0655 GMT

ExxonMobil and ONGC to extend partnership to Andaman offshore

Private refiners such as Reliance and Nayara Energy command over a third of India's total crude oil refining capacity

India makes a quick buck by selling some cheaply bought crude to MRPL

India imports roughly 226 MT (1,656.58 million barrels) of crude oil every year. This meets around 84 per cent of India's total crude oil requirement.

Oil prices slip after hitting seven-year high on surprise stockpiles drop

Crude inventories at the key storage hub of Cushing slid by 2.32 million barrels to the lowest level since 2018

Sovereign wealth fund flows likely to rise on oil bounty, shows data

There's correlation between oil prices and sovereign fund flows, but experts say lot depends on trade balance