you are here: HomeNewsCrude
crude
Jump to
3766 Results Found
  • Oil prices climb as US stock drawdown eases supply glut fears May 21, 2020 07:20 AM IST

    Oil prices climb as US stock drawdown eases supply glut fears

    Brent crude futures for July delivery were trading up 17 cents, or 0.5%, at $35.92 per barrel at 0024 GMT. U.S. West Texas Intermediate (WTI) crude futures for July were up 4 cents, or 0.1%, at $33.53 a barrel.

  • Oil prices climb more than $1 ahead of WTI June contract expiry May 18, 2020 07:50 AM IST

    Oil prices climb more than $1 ahead of WTI June contract expiry

    Brent crude climbed $1.34, or 4.1%, to $33.84 a barrel by 1244 GMT, after touching a high since April 13. U.S. West Texas Intermediate crude was up $1.40, or 4.8%, at $30.83 a barrel, the highest in nine weeks or since March 16.

  • A month after negative oil prices, US crude contract expiry looms May 18, 2020 07:40 AM IST

    A month after negative oil prices, US crude contract expiry looms

    The extent of the damage that the coronavirus pandemic had inflicted on the oil industry came into focus on April 20, when the U.S. benchmark WTI contract plunged to minus $38 a barrel.

  • Oil mixed as coronavirus risks offset hopes that crude stockpiles will shrink May 15, 2020 07:05 AM IST

    Oil mixed as coronavirus risks offset hopes that crude stockpiles will shrink

    Brent crude was up 1 cent at $31.13 a barrel by 0115 GMT, after rising nearly 7% on Thursday. The global benchmark is roughly flat on the week after rising for the previous two weeks.

  • Oil prices edge higher on surprise US stock drawdown, but demand concerns linger May 14, 2020 08:02 AM IST

    Oil prices edge higher on surprise US stock drawdown, but demand concerns linger

    Brent crude futures rose 6 cents, or 0.2%, to $29.25 per barrel at 0045 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents, or 0.3%, to $25.37 a barrel.

  • Oil falls amid concerns about new viral outbreaks, rise in inventories May 13, 2020 07:10 AM IST

    Oil falls amid concerns about new viral outbreaks, rise in inventories

    Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump, after OPEC's biggest producer said earlier this week it planned to add to cut again.

  • Oil prices rise as Saudi Arabia pledges further supply cut May 12, 2020 07:47 AM IST

    Oil prices rise as Saudi Arabia pledges further supply cut

    Brent crude futures climbed to a high of $30.11 a barrel and were up 0.9%, or 28 cents, at $29.91 at 0021 GMT, clawing back some of the previous session's losses. The benchmark fell $1.34 on Monday.

  • Oil prices drop amid supply glut, fears of 2nd coronavirus wave May 11, 2020 07:47 AM IST

    Oil prices drop amid supply glut, fears of 2nd coronavirus wave

    Brent crude futures were down 73 cents, or 2.4%, at $30.24 a barrel by 0114 GMT, while U.S. West Texas Intermediate crude futures fell 81 cents, or 3.3%, to $23.93 a barrel.

  • Oil gains on hopes that easing of coronavirus curbs will trigger demand boost May 08, 2020 08:20 AM IST

    Oil gains on hopes that easing of coronavirus curbs will trigger demand boost

    Brent crude was up 47 cents, or 1.5%, at $29.33 a barrel by 0121 GMT, having fallen nearly 1% on Thursday.

  • Oil gains as US inventories grow less than feared while coronavirus slashes demand May 07, 2020 07:20 AM IST

    Oil gains as US inventories grow less than feared while coronavirus slashes demand

    Brent crude was up by 12 cents, or 0.4%, to $29.84 a barrel 0044 GMT, after falling earlier in the Asian session and dropping 4% on Wednesday.

  • Oil, global stocks poised to gain in Asia on economic growth hopes May 06, 2020 07:26 AM IST

    Oil, global stocks poised to gain in Asia on economic growth hopes

    Futures on major U.S. and Hong Kong stock indexes were up following gains in a global stock index and an oil price surge of as much as 25%.

  • Oil prices rise on demand prospects as lockdowns start to ease May 05, 2020 08:50 AM IST

    Oil prices rise on demand prospects as lockdowns start to ease

    West Texas Intermediate (WTI) crude futures rose as much as 8.2% to a three-week high of $22.06 and were up 7.6%, or $1.55, at $21.94 at 0108 GMT. The U.S. benchmark is on a five-day win streak that started on April 29.

  • Oil slips to $26 as weak demand, supply glut weigh May 01, 2020 02:20 PM IST

    Oil slips to $26 as weak demand, supply glut weigh

    The global oil benchmark, Brent crude, has collapsed 60 percent in 2020 and reached a 21-year low last month as the coronavirus pandemic squeezed demand and OPEC and other producers pumped at will before reaching a new supply cut deal which began on Friday.

  • Oil prices surge again US stockpiles grow less than feared, output cuts kick in May 01, 2020 07:22 AM IST

    Oil prices surge again US stockpiles grow less than feared, output cuts kick in

    Brent crude for July delivery, which started trading on Friday as the new front-month contract, was up $1.10, or 4.2%, at $27.58 a barrel by 0013 GMT. Brent gained 12% on Thursday.

  • Oil prices rise on early signs of slowing US glut build Apr 30, 2020 07:47 AM IST

    Oil prices rise on early signs of slowing US glut build

    West Texas Intermediate (WTI) crude futures climbed to a high of $16.25 a barrel and were up 7.2%, or $1.08, at $16.14 at 0147 GMT. The U.S. benchmark surged 22% on Wednesday.

  • Q&A: With rock-bottom prices, will the oil industry recover? Apr 29, 2020 08:28 AM IST

    Q&A: With rock-bottom prices, will the oil industry recover?

    The price of benchmark U.S. crude oil closed at $12.34 a barrel Tuesday. At the start of the year, the price was around $60.

  • Oil prices climb as storage fills less rapidly than feared Apr 29, 2020 07:10 AM IST

    Oil prices climb as storage fills less rapidly than feared

    U.S. West Texas Intermediate (WTI) crude futures jumped to a high of $13.85 and were up 8.8%, or $1.09, at $13.43 at 0038 GMT, paring a 27% plunge over the first two days of this week.

  • Oil prices slide again as world runs low on storage capacity amid plunge in demand Apr 28, 2020 07:00 AM IST

    Oil prices slide again as world runs low on storage capacity amid plunge in demand

    U.S. West Texas Intermediate (WTI) crude futures dropped by as much as 7.1% and were off 6%, or 77 cents, at $12.01 a barrel as of 0110 GMT. WTI plunged 25% on Monday.

  • Oil falls as crude in US storage nears all-time high Apr 27, 2020 10:15 AM IST

    Oil falls as crude in US storage nears all-time high

    U.S. oil futures led losses after U.S. crude inventories rose to 518.6 million barrels in the week to April 17, near an all-time record of 535 million barrels set in 2017, while floating crude oil storage has hit an all-time high of 160 million barrels.

  • Oil futures open lower in electronic trading Apr 27, 2020 06:40 AM IST

    Oil futures open lower in electronic trading

    Trading was extremely volatile last week, in an extension of the selling that has dominated trading since early March as demand collapsed 30% due to the pandemic. Global production cuts have not kept pace with the collapse in demand.

  • Oil rises for second day as producers trim output to respond to demand loss Apr 23, 2020 09:30 AM IST

    Oil rises for second day as producers trim output to respond to demand loss

    U.S. West Texas Intermediate (WTI) futures were up 28 cents, or more than 2%, at $14.06 a barrel, having risen around a fifth in the previous session. U.S. crude futures fell to below minus $40 on Monday on concerns that buyers were running out of storage space to take deliveries.

  • Two Indian refiners cut Middle east crude purchases in May: Sources Apr 22, 2020 01:32 PM IST

    Two Indian refiners cut Middle east crude purchases in May: Sources

    This is the second consecutive month that Indian refiners have sharply cut imports of term crude supplies as space to store excess oil ran out and as stay-home measures to curb the spread of the virus slashed fuel demand.

  • Oil crash good opportunity for India to buy crude in bulk and reduce import bill: WEF’s energy head Roberto Bocca Apr 22, 2020 10:19 AM IST

    Oil crash good opportunity for India to buy crude in bulk and reduce import bill: WEF’s energy head Roberto Bocca

    “The fundamental issue (behind the oil price crash) is that there is oversupply and a lower demand than what the supply is trying to face.”

  • Oil prices recover ground after market turmoil fuels price plunge Apr 22, 2020 07:27 AM IST

    Oil prices recover ground after market turmoil fuels price plunge

    After falling into negative territory for the first time in history amid record trading volumes, U.S. crude futures rose 20% as contracts for May delivery expired and the June contract became the front month.

  • Covid-19| Plunging crude offers India chance to top up its strategic oil reserves in underground caverns Apr 21, 2020 12:32 PM IST

    Covid-19| Plunging crude offers India chance to top up its strategic oil reserves in underground caverns

    India is raising its crude oil storage capacity to equivalent of 87 days of demand, which include 67 days’ worth of commercial stocks held by refineries

Sections