Page 21 - Crude Oil

Middle East's crude share of India's oil imports hits 25-month low in May

India, world's third biggest oil importer, in March directed refiners to diversify crude sources after OPEC and its allies, led by top exporter Saudi Arabia, ignored Delhi's call to ease supply curbs

What to know about oil trade after Ebrahim Raisi wins Iran elections

The ultraconservative cleric is sceptical of nuclear talks with the West.

Oil prices firm on summer demand as Iran nuclear deal revival talks drag

Both benchmarks have risen for the past four weeks on optimism over the pace of global Covid-19 vaccinations

Iraq signs deal to drill 96 oil wells in southern province of Basra

Iraq has signed a contract to drill 96 oil wells in the West Qurna-1 oil field located in the southern province of Basra to raise the production, according to a statement by the Ministry of Oil

Oil falls below $72 a barrel following Fed's tilt towards tightening policy

A rise in the dollar reduces the appeal of commodities priced in the currency

Brent gains for fifth day as demand outlook improves, stocks fall

Brent crude was up 66 cents, or 0.9%, at $74.65 a barrel by 0445 GMT, the highest since April 2019

Oil bulls take charge as demand outlook improves, Brent up a fifth day

U.S. crude gained 66 cents, or 0.9%, to $72.78 a barrel, after rising 1.7% in the previous session

Oil trades at multi-year highs on demand expectations H2CY21 onwards

OPEC+ producers have been gradually relaxing record output curbs in recent months.

Oil skids as start of US summer driving season fails to lift fuel demand

Oil prices fell on Thursday as inventory data in the United States, the world's top oil consumer, showed a surge in gasoline stocks that indicates weaker-than-expected fuel demand

Oil slips as start of US summer driving season fails to lift fuel demand

Brent crude oil futures were down 34 cents, or 0.5%, at $71.88 a barrel by 0108 GMT, while US oil futures declined by 36 cents, or 0.5%, at $69.60 a barrel

Fuel price hike: Pradhan blames it on global crude oil price surge

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday blamed the recent surge in global crude oil prices for the fuel price hike in India.

Oil hits new multi-year highs; investors eye Iran nuclear talks this week

Brent crude futures for August rose 28 cents, or 0.4%, to $72.17 a barrel

Crude oil prices slip on patchy coronavirus vaccine rollout concerns

Brent crude was down 29 cents, or 0.4%, at $71.02 a barrel by 0057 GMT, after falling 4 cents

OPEC+ seen sticking with supply plan with Iran's oil yet to return

OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting, as producers balance expectations of a recovery in demand against a possible increase in Iranian supply

OPEC wins, the West loses

Judges, investors force oil firms towards low-carbon future

Shell Dutch ruling: OPEC and Russia seen gaining more power, business

Defeats in the courtroom and boardroom mean Royal Dutch Shell, ExxonMobil and Chevron are all under pressure to cut carbon emissions faster

Next oil reserves plan by Sept, to see Rs 14K-crore investment: ISPRL

Request for proposal document awaiting Centre's nod

Oil stocks are the best cyclical, economy reopening bet: Chris Wood

Global markets, according to a note by Goldman Sachs, are currently underestimating the demand for oil

Indian refiners process less crude in April as pandemic stalls activity

Refiners processed about 4.9 million barrels per day (bpd) or 19.89 million tonnes of oil last month, government data showed

Oil to stay below $70 per barrel if Iran sanctions lifted, says HPCL

India, the world's third largest oil consumer and importer, halted oil imports from Tehran in 2019 as a temporary waiver granted to some countries expired