Brent Oil

HPCL, BPCL, Indian Oil shares jump up to 6% as oil slumps on Trump’s tariffs and OPEC+ output hike

The OPEC+ has decided to proceed with a planned oil output increase of 138,000 barrels per day, the first since 2022. The upcoming rise in oil supply significantly weighed on oil prices.

Brent oil futures rise towards $90 as supply risks intensify

Oil futures compounded Tuesday’s gains when both Brent and WTI climbed 1.7% to their highest since October.

Goldman raises Brent oil forecast to $100 as rally builds

Goldman Sachs Group Inc. rejoined the $100-a-barrel oil club, raising its forecast for crude back to triple digits as worldwide demand hits unprecedented levels and OPEC+ supply curbs continue to tighten the market.

Ukraine flare-up: How oil price surge could play spoilsport in Centre's funding plans for roads

Soft crude oil prices between 2015 and 2021 had allowed the central government to raise cess to a peak of Rs18/litre by September 2021 from Rs2/litre in FY2015

Brent oil futures climb above $60 on US inventory draw

Oil prices were also buoyed by data showing lower exports in June from Saudi Arabia, the world's top oil exporter.

Brent oil eases from 2019 highs as markets await trade talks outcome

International Brent crude oil futures were at $66.08 per barrel at 0220 GMT, down 42 cents, or 0.6 percent from their last close, but still not far off the 2019 high of $66.83 a barrel hit in the previous session.

Brent oil prices dips on rising supply, global market woes

Front-month Brent crude oil futures were at $77.05 a barrel at 0428 GMT, down 29 cents, or 0.4 percent, from their last close.

Brent oil rises back above $80 as Iran sanctions loom

Benchmark Brent crude oil futures were at $80.26 a barrel at 0646 GMT, up 48 cents, or 0.6 percent, above their last close.

Higher oil prices a risk to India's growth trajectory: Pradhan

Benchmark Brent oil has rallied to USD 54.56 a barrel, the biggest weekly gain since 2009, after OPEC approved its first supply cut in eight years.

Nifty ends below 7750, Sensex down; ITC gains 1% on Q4 results

ITC gained 1 percent after posting better-than-expected Q4 results. Adani Ports, ONGC, NTPC and Bajaj Autowere top gainers in the Sensex. Losers were Lupin (down 9 percent), ICICI Bank, Reliance, M&M and Tata Motors.

Saudi-Iran tensions scupper deal to freeze oil output

The development will revive oil industry fears that major producers are embarking again on a battle for market share, especially after Riyadh threatened to raise output steeply if no freeze deal were reached.

Oil freeze deal faces trouble as Saudi-Iran tensions spike

A meeting between OPEC and non-OPEC oil producers on an agreement to freeze output ran into last-minute trouble in Qatar on Sunday due to what looked like a new spike in tensions between Saudi Arabia and Iran, sources told Reuters.

Market crashes for 4th day: Sensex, Nifty at 4-month closing low

The market has ended at four-month closing low. The Sensex was down 554.50 points or 2.2 percent at 24851.83, and the Nifty was down 172.70 points or 2.2 percent at 7568.30.About 690 shares have advanced, 2188 shares declined, and 94 shares are unchanged.

Oil dips after mixed US petroleum supply report

Crude supplies in the United States fell by 5.5 million barrels for the week ending August 21, according to US Department of Energy data. However, the report also showed US crude production slipped a scant 11,000 barrels a day, keeping output above 9.3 million barrels, not far from a decades-high production level.

Oil prices steady, but inventory build drags

Brent oil futures were trading at USD 55.13 a barrel at 0229 GMT and US WTI crude was at USD 47.48 a barrel - both virtually unchanged from their last settlement.

Oil prices surge as Fed stays cautious on rates

Crude prices surged after the Fed's statement, which noted that US economic growth had "moderated somewhat" since January. The Fed dropped a pledge to remain "patient" on raising interest rates, signaling a midyear federal funds rate hike remained possible after keeping it at the zero level for more than six years

Oil may fall again but buy energy stocks?

Brent oil prices have managed to rally over USD 61 a barrel, the highest since December, off the lows under USD 49 touched last month, but they remain sharply down from their level over USD 115 a barrel in mid-June of last year.

Dollar sweeps to 14-month high, kicks oil below $100/bbl

As the dollar broke to a six-year peak on the yen and a 14-month top against the euro, gold sagged to a three-month trough and Brent oil settled below the USD 100 a barrel mark.

Syria fears send US oil to 2-year-high settlement

Investors feared a US-led military strike against Syria would stir broader conflict in the Middle East, which pumps a third of the world's oil.

Oil ends up for sixth straight session, Egypt supports

Oil futures on both sides of the Atlantic ended higher for the sixth straight session on Friday, with Brent oil posting the biggest weekly percentage gain in six weeks as turmoil in Egypt and Libya stoked worries about oil supply security.

Brent rises above $109 on China data; Iran comments weigh

Brent oil rose above USD 109 a barrel on Monday after promising China data, but prices may struggle to hold on to gains as risk premiums come off after Iran and the United States signalled a fresh will to end the dispute over Tehran's nuclear programme.