Page 4 - Oil Market

Oil highest since 2018 with Iran deal elusive and OPEC talks due

WTI futures rise as much as 3.2%, Brent earlier topped $70

Second Covid-19 wave: Cairn Oil and Gas seeks force majeure extension

Globally, oil and gas firms had availed of relaxations in exploration contracts to deal with the disruption.

Oil slides from 2-month high on report of potential Iran nuclear deal

NEW YORK (Reuters) -Oil slid nearly 2% on Tuesday, tumbling from a two-month high, after media reports said the United States and Iran have made progress on reviving a deal restricting Iran's nuclear weapons development, that could release more barrels into the market.

Oil climbs as demand optimism overshadows India Covid-19 infection worries

Vaccinations are expected to lift global oil demand, especially during peak travel season in the third quarter, prompting analysts to increase their forecasts for Brent prices for a fifth month

Oil prices rise to one-month high on weak dollar, fall in US inventory

Buyers using other currencies pay less for dollar-denominated oil when the greenback weakens

Market Ahead Podcast, April 13: Top factors that could guide markets today

Sebi imposed a penalty of Rs 25 crore on Yes Bank in the matter of misselling the lender's AT-1 bonds few years ago

Oil slips towards $59 as investors weigh near-term demand outlook

Futures in New York lost 0.5 per cent on Monday after falling 3.5 per cent last week

Rise in Covid cases to delay demand recovery in global oil market

Fresh surge in Covid-19 cases, eventual lockdowns is likely to delay the demand recovery in the global oil market, said an ICICI Securities report.

Crude oil drops as rising stockpiles compound Covid-19 demand concerns

Brent crude was down 49 cents, or 0.7%, at $68.39 by 0433 GMT, having dropped 0.5% on Monday

Brent crude heads toward $70 as China energy demand outlook brightens

China's industrial output growth quickened in January-February, beating expectations, while its daily refinery throughput data rose 15% from the same period a year ago, data showed

OPEC president says oil market rebalancing, pandemic still a risk

OPEC and other key exporters such as Russia, a grouping dubbed OPEC+, meet on Thursday and are expected to discuss allowing as much as 1.5 million barrels per day (bpd) back into the market

Oil extends losses on worry over possible supply increase from OPEC

The group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market

Oil mixed, US crude hits highest since 2019 as refineries restart

Brent futures for April delivery fell 16 cents, or 0.2%, to settle at $66.88 a barrel. The April Brent contract expires on Friday

Oil prices hovers near 13-month highs as storm hits US production

Both contracts touched their highest since Jan. 8, 2020, earlier in the session with Brent at $67.49 and WTI at $63.67. The April Brent contract expires on Friday

ONGC takes leaf out of Reliance's book, floats subsidiary to buy own gas

ONGC may use the new subsidiary to buy any new gas that the firm produces from fields such as KG-D5 in the Krishna Godavari basin, people with direct knowledge of the matter said

Petrol crosses Rs 88-mark to hit record high in Delhi, diesel at Rs 78.38

Petrol prices in Mumbai stood at Rs 94.64 on Tuesday as compared with Rs 94.36 yesterday. One litre of diesel will cost Rs 85.32 in the city

Stocks, oil rise in Asia after US records as Bitcoin pauses for breath

Oil also hit 13-month highs, helped by rising optimism about a return in fuel demand

Oil prices rise by 1% as producers commit to slashing fuel output

Brent crude was up 51 cents, or 0.9%, at $56.86 a barrel by 0134 GMT, while U.S. oil gained 53 cents, or 1%, to $54.08 a barrel

Oil industry seeks alliance with Farm Belt to fight Biden's EV agenda

While the oil industry and biofuels producers are natural competitors for space in America's gas tanks, they share a desire to ensure a future for internal combustion engines.

Oil rises as US oil stockpiles drop as Covid-19 cases decline in China

U.S. West Texas Intermediate (WTI) crude futures rose 10 cents, or 0.2%, to $52.71 a barrel at 0229 GMT, reversing some of Tuesday's loss