Page 5 - Oil

Oil steadies near 7-year high as Biden vows to curb inflation

Futures in New York traded near $87 a barrel after advancing almost 6% over the past three sessions

One of the world's wealthiest oil exporting nations is becoming unliveable

Parts of Kuwait could get as much as 4.5C hotter from 2071 to 2100 compared with the historical average

China agrees with US to release oil reserves near Lunar New Year

China agreed in late 2021 to release an unspecified amount of oil depending on price levels, sources said

Oil prices edge lower on profit-taking, interest rate hike worries

Oil prices typically move inversely to the U.S. dollar, with a stronger greenback making commodities more expensive for those holding other currencies

Shrink to fit: The year Europe's Big Oil starts to become Small Oil

Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies

Oil starts 2022 with rally towards $79 as Omicron impact concerns ease

Brent crude rose 95 cents, or 1.2per cent, to US$78.73 a barrel as of 0923 GMT. U.S. West Texas Intermediate (WTI) crude added US$1.03 or 1.4per cent, to US$76.24

As global economy recovers, oil heads for biggest annual gains since 2009

Brent crude futures fell 3 cents to $79.50 a barrel at 0718 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 10 cents, or 0.1%, to $76.89 a barrel.

Oil mixed as halted flights weigh and optimism over Omicron impact supports

More than 1,300 flights were cancelled by US airlines on Sunday as Covid-19 reduced the number of available crews

Fighting gas prices, US decides to release 50 million barrels of oil

The government will begin to move barrels into the market in mid- to late-December

A better balance sheet, green plans behind RIL's change of tack for oil biz

RIL and Saudi Aramco signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake acquisition by Saudi Aramco in the O2C business of Reliance.

Oil near six-week low as China readies crude reserve release

Brent crude was up 21 cents, or 0.3%, at $80.49 a barrel at 1511 GMT

Global oil demand back above 100 million barrels a day, says BP

Company posts $3.3 billion third-quarter profit, beating estimates as oil prices surge

Oil holds near 3-year highs after OPEC+ keep tight control of taps

Oil prices have already surged more than 50% this year

Reliance floats subsidiary in United Arab Emirates for trading in oil

The plans follow an announcement in June that the Indian conglomerate will invest in projects of Abu Dhabi National Oil Co

Oil will be world's No. 1 energy source for decades, says OPEC

OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries

Oil rises from highest since 2018 with global markets tightening

The surge in natural gas prices is expected to force some consumers to switch to oil, tightening the market further ahead of the northern hemisphere winter.

KEC International acquires oil gas firm Spur Infra for Rs 62 cr

Spur Infra has achieved an annual revenue in excess of Rs 100 crore, and has a profitable track record and technical expertise. It has an order book of Rs 600 crore

Inflation tax over and above the oil tax

The oil tax is unlike, say, the income tax, which is progressive as the income tax rate rises with the income

Oil heads for its biggest monthly loss this year ahead of OPEC+ meet

The Organization of Petroleum Exporting Countries and its allies will meet on Wednesday to assess the global market and prospects for demand as the pandemic grinds on.

Oil posts biggest week of losses in nine months as Delta variant spreads

Numerous nations worldwide are responding to the rising infection rate due to the coronavirus Delta variant by adding travel restrictions to cut off the spread