Page 4 - Oil Demand

Oil prices stable as market juggles risk sentiment with tight supplies

US West Texas Intermediate (WTI) crude futures were down 25 cents, or 0.2%, at $118.25 a barrel, having risen by over $1 per barrel earlier in the session.

Oil, toil and turmoil

India's geological potential remains largely unexplored because of policy hostility and high-handed taxation rather than the lack of expertise

European farmers plan to use biogas to substitute Russian fossil fuels

The European Biogas Association says the European Union could quickly scale up the production of bio-methane, which is pumped into natural gas networks

Oil edges up 0.3% on EU's sanctions on Russia, proposed crude ban

The sanctions proposal, which was announced by European Commission President Ursula von der Leyen and needs unanimous backing by the 27 EU countries to take effect

Russia's weaponisation of oil could backfire by destroying demand for it

Oil is a fungible commodity in a global market: If one source cuts off shipments, importing countries can just buy more oil from other suppliers, although they may pay higher prices on spot markets

Oil prices extend losses as Shanghai lockdowns hit demand outlook

Brent crude futures slid $1.90, or 1.8%, to $104.75 a barrel at 0015 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell $1.89, or 1.9%, to $100.18 a barrel

Oil prices settle mixed amidst Russia supply, demand concerns

The front-month WTI crude futures contract, which expires on Wednesday, rose 19 cents to settle at $102.75, unchanged

Oil prices rebound after sharp losses as supply concerns dominate

Brent crude futures rose 66 cents, or 0.6%, to $107.91 a barrel by 0623 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 46 cents, or 0.5%, to $103.02 a barrel

Oil prices rebound after sharp losses as supply concerns dominate

Brent crude futures rose 98 cents, or 0.9%, to $108.23 a barrel by 0400 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 94 cents, or 0.9%, to $103.50 a barrel

How India stands to gain amid calls for EU to ban Russian oil imports

If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.

We buy less oil from Russia in a mth than Europe does in an afternoon: EAM

India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said on Monday.

Sitharaman, Jaishankar defend India buying Russian oil

Jaishankar said said that Europe has bought 15 per cent more oil and gas from Russia than it did the month before

OPEC likely to stick to modest oil boost despite war jitters

Analysts expect the group, known as OPEC+, to stay on its schedule of gradual increases to restore production cuts made during the depths of the coronavirus pandemic in 2020

When it comes to oil, the global economy is still hooked: An analysis

The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine conflict is stark evidence of a stubborn craving for oil

Oil prices steady as Western leaders meet over Ukraine crisis

Benchmark Brent was up 0.3% at $121.95 a barrel by 1111 GMT, after falling by close to $2 earlier in the session

'India's import of Russia oil less than 1% of total; share from US to rise'

In the financial year 2020-21 (April 2020 to March 2021), India imported 14 million tonnes of crude from the United States, representing 7.3 per cent of total imports

EU must impose sanctions on Russian oil, ministers tell divided bloc

Whether to target Russian oil, as the United States and Britain have done, is a tough and divisive choice for the 27-nation EU, which relies on Russia for 40% of its gas

Oil prices jump again as European Union considers Russian oil ban

Brent crude futures were up $3.40, or 3.2%, at $111.33 a barrel by 0958 GMT, adding to a 1.2% rise last Friday

Saudi Arabia says it's not responsible for high oil prices

It quoted the Foreign Ministry as saying that the international community must assume its responsibility to maintain energy supplies in order to stand against the Houthis

Saudi Arabia's Aramco hikes oil financing as net profit doubles in 2021

Aramco said it would boost its capital expenditure (capex) to $40-50 billion this year, with further growth expected until around the middle of the decade