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Oil Prices Rise

Oil prices climb as dollar slumps, OPEC+ keeps output cut policy

Oil prices rebounded on Thursday after tumbling in the previous session as a weaker dollar brought back some appetite for risk assets and the OPEC+ decision

Oil prices climb as dollar slumps, OPEC+ keeps output cut policy
Updated On : 02 Feb 2023 | 10:10 AM IST

Oil price cap looks set to keep Russian oil flowing even as war continues

Lavrov said the cap was irrelevant, the strongest hint yet of a possible softening. With such a generous cap, buyers and sellers can easily claim it's just business as usual

Oil price cap looks set to keep Russian oil flowing even as war continues
Updated On : 03 Dec 2022 | 9:47 AM IST

Oil rises ahead of OPEC+ meeting, easing China Covid curbs lend support

"Oil is finding support on investor optimism that OPEC+ will deliver further cuts in production when they meet," said Ehsan Khoman, analyst at MUFG Bank, in a report

Oil rises ahead of OPEC+ meeting, easing China Covid curbs lend support
Updated On : 01 Dec 2022 | 4:32 PM IST

Oil prices rise as Saudi comments outweigh recession, China Covid concerns

Brent crude rose 37 cents, or 0.4%, to $87.82 by 0915 GMT. U.S. West Texas Intermediate (WTI) crude was up 46 cents, or 0.6%, at $80.50

Oil prices rise as Saudi comments outweigh recession, China Covid concerns
Updated On : 22 Nov 2022 | 5:38 PM IST

Oil prices rise towards $90 as OPEC-plus considers output cut

Brent crude futures rose 52 cents, or 0.6%, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by 52 cents, or 0.6%, to $82.67

Oil prices rise towards $90 as OPEC-plus considers output cut
Updated On : 29 Sep 2022 | 5:54 PM IST

Oil rises 2% from nine-month lows on US Gulf output cuts, supply outlook

Prices also drew support from analyst expectations of possible supply cuts from the Organization of the Petroleum Exporting Countries and allies (OPEC+)

Oil rises 2% from nine-month lows on US Gulf output cuts, supply outlook
Updated On : 28 Sep 2022 | 6:30 AM IST

Oil prices rise after nine-month lows as focus shifts to OPEC+ supply cuts

Analysts believe further sell offs in oil markets could see OPEC+ intervene to support prices by collectively reducing their output

Oil prices rise after nine-month lows as focus shifts to OPEC+ supply cuts
Updated On : 27 Sep 2022 | 11:32 AM IST

Oil prices jump over $2 ahead of OPEC-plus meeting to discuss output cut

Russia, the world's second-largest oil producer and a key OPEC+ member, does not support a production cut at this time and the producer group is likely to decide to keep output steady

Oil prices jump over $2 ahead of OPEC-plus meeting to discuss output cut
Updated On : 05 Sep 2022 | 3:49 PM IST

Oil firms on OPEC+ output cut bets to stem sinking prices amid weak growth

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, but the benchmarks were still on track to post their worst weekly drop

Oil firms on OPEC+ output cut bets to stem sinking prices amid weak growth
Updated On : 02 Sep 2022 | 11:20 AM IST

Oil prices edge up on signs of improving fuel demand, await Fed outlook

Oil prices rose as much as $1 on signs of improving fuel demand, although further gains were capped as the market awaited clues from the US Federal Reserve chairman

Oil prices edge up on signs of improving fuel demand, await Fed outlook
Updated On : 26 Aug 2022 | 11:10 AM IST

Oil higher on optimism for firmer crude demand post US stockpile drawdown

Oil prices edged higher in early trade on Friday, extending a rally into a third day, as investors weighed hopes for strong fuel demand after a larger-than-expected drawdown in US crude stocks.

Oil higher on optimism for firmer crude demand post US stockpile drawdown
Updated On : 19 Aug 2022 | 8:51 AM IST

Oil prices recover from 6-month lows following drop in US stockpiles

Oil prices rose, recovering from 6-month lows, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by recession prospects.

Oil prices recover from 6-month lows following drop in US stockpiles
Updated On : 17 Aug 2022 | 10:41 AM IST

Oil prices edge up on supply concerns after drop to near 6-month low

(Reuters) -Oil prices rose on Thursday as supply concerns triggered a rebound from multi-month lows plumbed in the previous session after U.S. data signalled weak fuel demand.

Oil prices edge up on supply concerns after drop to near 6-month low
Updated On : 04 Aug 2022 | 4:33 PM IST

India's July soyoil imports jump to record on duty free buying-dealers

MUMBAI (Reuters) - India's soyoil imports in July more than doubled from a month ago to a record high as refiners ramped up purchases to take advantage of New Delhi's move to allow duty free imports of the vegetable oil to calm all-time high prices, five dealers said.

India's July soyoil imports jump to record on duty free buying-dealers
Updated On : 03 Aug 2022 | 4:13 PM IST

Oil prices rise, Brent crosses $100 a barrel ahead of possible US rate hike

Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday

Oil prices rise, Brent crosses $100 a barrel ahead of possible US rate hike
Updated On : 14 Jul 2022 | 11:02 AM IST

India's petrol and diesel sales soar 56% in May on surge in summer travel

India's petrol and diesel sales soared in May on the back of a surge in summer travel to escape from the heat and vacation at educational institutions, preliminary industry data showed

India's petrol and diesel sales soar 56% in May on surge in summer travel
Updated On : 02 Jun 2022 | 1:31 AM IST

Oil price edges higher on tight supply and expected demand uplift

LONDON (Reuters) -Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world's biggest crude consumer.

Oil price edges higher on tight supply and expected demand uplift
Updated On : 25 May 2022 | 4:33 PM IST

India's palm oil imports may hit 11-yr low of 6.7 mn tonnes as soyoil rises

MUMBAI (Reuters) -India's palm oil imports could drop by nearly a fifth as now cheaper soyoil takes more market share, following Indonesia's curbs on palm oil exports and New Delhi allowing duty-free imports of soyoil, dealers said.

India's palm oil imports may hit 11-yr low of 6.7 mn tonnes as soyoil rises
Updated On : 25 May 2022 | 3:57 PM IST

Oil swings wildly, rebounds to gains from steep losses in early hours

NEW YORK (Reuters) - Oil prices rebounded from earlier losses in another volatile session on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.

Oil swings wildly, rebounds to gains from steep losses in early hours
Updated On : 19 May 2022 | 11:30 PM IST

Oil rates fall 2% as US refiners ramp up output, equities retreat

HOUSTON (Reuters) -Oil prices reversed course and fell over 2% on Wednesday after government data showed U.S. refiners ramped up output, easing worries of a supply crunch, and as traders took cues from a drop in equities market.

Oil rates fall 2% as US refiners ramp up output, equities retreat
Updated On : 18 May 2022 | 10:56 PM IST