Page 12 - Oil Prices

Oil prices tumble nearly 3% as investors eye US Fed rate hikes

Brent crude futures were down $2.95, or 2.6%, to $111.70 a barrel by 12:43 p.m. EDT (1643 GMT)

Explained: Amid price hike, why is there a worldwide oil-refining crunch?

Prices were already elevated before Russia invaded Ukraine on Feb. 24. But since mid-March, fuel costs have surged while crude prices are up only modestly

Oil prices rise in early trade on market caution over supply concerns

Oil prices rose 1per cent in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products

Oil prices rise as tightening supply offsets global economic concerns

Brent crude futures rose 42 cents, or 0.4%, to $113.54 a barrel by 0633 GMT. Front-month prices tumbled 7.3% last week, their first weekly fall in five

Europe's plan to quit Russian fuel plunges Pakistan into darkness

In order to avoid blackouts during the Eid holiday last month, the Pakistan government paid nearly $100 million to procure a single LNG shipment from the spot market

WPI inflation in May accelerates to 15.88% on higher food prices

The latest figure also makes it historically the highest in 31 years since September 1991 (16.31 per cent)

Oil prices rise as tight supply counters China Covid, recession worries

Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh Covid-19 curbs in China

Oil bounces around as tight supply offsets China, recession fears

Oil prices seesawed in positive and negative territory, holding up despite recession fears and potential new Covid-19 curbs in China that could dampen demand as the market remains tightly supplied

Oil prices slide on Beijing Covid warning, global inflation concerns

Oil prices slipped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand

US inflation surges to 41-yr high of 8.6%; stocks fall sharply, crude dives

The faster-than-expected increase in inflation last month reported by the Labor Department on Friday also reflected a surge in rents, which increased by the most since 1990

Remarks on Prophet threaten to fray India's energy ties with Islamic world

West Asia is also India's biggest supplier of LPG, the fuel that is used in kitchens. India imported 48 million tonnes, or 58 per cent of the fuel used in the last three fiscals

Oil shock: What the RBI can do

The absolute oil price rises at a very high rate and the absolute prices of other goods and services rise somewhat at their usual rates

Oil prices are 'nowhere near' peak, says UAE minister; brent rises

The comments serve as an acknowledgment that last week's decision by the OPEC+ coalition to bolster output will give consumers little respite from the soaring cost of energy this summer

Oil inches higher ahead of US inventories data, supported by tight supplies

Oil prices edged up ahead of data on US oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China's top cities relax Covid-19 curbs

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.

Fundamentals for oil weaken, witness 1st surplus since June 2020: Goldman

Modest declines in the Russian exports, record large sales by Strategic Petroleum Reserve and severe Chinese lockdowns brought the oil market to its first surplus since June 2020, said Goldman Sachs

Oil prices inch higher on relaxed China Covid curbs, tight supplies

Brent crude futures were up 28 cents, or 0.2%, at $119.79 barrel at 0601 GMT

Oil shock devastates poorer countries as shortages, protests mount

Sri Lanka, Laos, Nigeria and Argentina are among emerging economies in Asia, Africa and Latin America that have seen long queues at some filling stations in the past weeks because of fuel shortages

Forecast for historic rupee low grows as oil prices widen deficit

The bearish forecasts -- which will see the rupee drop as much as 4% from current level -- stem from a deterioration in India's external finances

Brent climbs over $120 per barrel after Saudi Arabia raises crude prices

. Brent crude firmed 68 cents, or 0.6%, to $120.40 a barrel at 0640 GMT after touching an intraday high of $121.95