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  • Top oil exporter Saudi Arabia targets net zero emissions by 2060 Oct 23, 2021 02:58 PM IST

    Top oil exporter Saudi Arabia targets net zero emissions by 2060

    Crown Prince Mohammed bin Salman and his energy minister said OPEC member Saudi Arabia would tackle climate change while ensuring oil market stability, stressing the continued importance of hydrocarbons.

  • Inflation, high oil prices temporary phenomenon; economy opening up gradually: Senior officials Oct 23, 2021 09:36 AM IST

    Inflation, high oil prices temporary phenomenon; economy opening up gradually: Senior officials

    The tourism and travel sector, which has been the worst hit, is also recovering gradually with international travel with some of the countries opening up, they added.

  • Govt receives around Rs 814 crore from 5 CPSEs as dividend this fiscal Oct 18, 2021 06:25 PM IST

    Govt receives around Rs 814 crore from 5 CPSEs as dividend this fiscal

    OIL, KIOCL and SJVN have paid about Rs 92 crore, Rs 99 crore and Rs 94 crore respectively as dividend tranches to the government, Pandey added.

  • Oil prices climb on power boost, set for multi-week gains Oct 15, 2021 10:48 AM IST

    Oil prices climb on power boost, set for multi-week gains

    Brent crude futures rose 62 cents, or 0.7%, to $84.62 a barrel at 0622 GMT, after picking up 82 cents in the previous session. Front-month prices are set to rise for the sixth straight week, up 2.7% this week.

  • Oil rises on expectation high natural gas to drive switch for heating Oct 14, 2021 08:09 AM IST

    Oil rises on expectation high natural gas to drive switch for heating

    Analysts in a Reuters poll expected crude inventories to rise by 700,000 barrels.

  • Oil falls on fears inflation may dent fuel demand growth Oct 13, 2021 08:50 AM IST

    Oil falls on fears inflation may dent fuel demand growth

    Brent crude futures fell 70 cents, or 0.8%, to $82.72 a barrel, extending a 23 cent loss on Tuesday.

  • Oil slips, takes breather after gains driven by global energy crisis Oct 12, 2021 11:05 AM IST

    Oil slips, takes breather after gains driven by global energy crisis

    Brent crude was down 6 cents at $83.59 a barrel at 0440 GMT, after touching three-year highs on Monday on the way to a 1.5% advance.

  • US shares drop as soaring oil prices stir inflation woes; Yen wilts Oct 12, 2021 07:29 AM IST

    US shares drop as soaring oil prices stir inflation woes; Yen wilts

    A rally in basic material and energy shares on higher oil prices initially lifted major U.S. stock indices. But the gains faded as investors focused on the start of the U.S. corporate earnings season next week.

  • Oil gains as energy demand rises; WTI tops $80 Oct 11, 2021 08:24 AM IST

    Oil gains as energy demand rises; WTI tops $80

    Brent crude was up 81 cents, or 1%, at $83.20 a barrel by 0212 GMT, after gaining almost 4% last week. U.S. oil was up $1.15, or 1.5%, at $80.50 a barrel, the highest since late 2014. U.S. crude rose 4.6% through Friday.

  • Oil drops for 2nd session on unexpected rise in US inventories Oct 07, 2021 08:23 AM IST

    Oil drops for 2nd session on unexpected rise in US inventories

    Global oil prices have jumped more than 50 percent this year, adding to inflationary pressure that could slow recovery from the COVID-19 pandemic and impact consumer demand.

  • Oil at new multi-year highs, Asian shares fall Oct 06, 2021 08:34 AM IST

    Oil at new multi-year highs, Asian shares fall

    The gains in oil are driven by concerns about energy supply, and come two days after the OPEC+ group of producers stuck to its planned output increase rather than raising it further.

  • US oil rises to highest since 2014 amid global energy crunch Oct 06, 2021 07:25 AM IST

    US oil rises to highest since 2014 amid global energy crunch

    Brent crude prices also climbed for a fourth day on the supply anxiety, particularly after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, decided on Monday to say with their planned output increase rather than boosting it further.

  • Asian stocks fall to near 1-year low as oil prices stoke inflation worries Oct 05, 2021 08:15 AM IST

    Asian stocks fall to near 1-year low as oil prices stoke inflation worries

    MSCI’s broadest index of Asia-Pacific shares outside Japan dropped as much as 1.3%, falling for a third consecutive session. Japan stocks were down 2.8%, South Korea gave up 2.5% and Australia shed 1%.

  • Oil settles above $81 with OPEC+ sticking to output increase Oct 05, 2021 07:30 AM IST

    Oil settles above $81 with OPEC+ sticking to output increase

    Brent crude was down by 3 cents at $81.83 a barrel by 0054 GMT, having rising 2.5% on Monday. U.S. West Texas Intermediate (WTI) oil dropped 10 cents to $77.52, after gaining 2.3% the previous session.

  • Reliance Industries sets up a subsidiary in UAE for trading oil Oct 03, 2021 07:39 AM IST

    Reliance Industries sets up a subsidiary in UAE for trading oil

    Reliance International Ltd (RINL), the new subsidiary, is yet to commence operations, the parent company said in an exchange filing, adding it had invested $1 million in the new business.

  • Time to buy the dip or sell the rally?  Sep 30, 2021 09:43 AM IST

    Time to buy the dip or sell the rally? 

    India continues to be one of the few risk-on markets, thanks to retail buying. The only worry is a crash in global markets 

  • Petrol, diesel prices on September 30: Fuel prices hiked across metros; check revised rates here Sep 30, 2021 08:04 AM IST

    Petrol, diesel prices on September 30: Fuel prices hiked across metros; check revised rates here

    Petrol, diesel prices today: In Mumbai, the petrol price went up to Rs 107.71 a litre.

  • US has reached out to China about cutting oil imports from Iran: Officials Sep 29, 2021 07:23 AM IST

    US has reached out to China about cutting oil imports from Iran: Officials

    Purchases of Iranian oil by Chinese companies are believed to have helped keep Iran’s economy afloat despite U.S. sanctions that are designed to choke off such sales to put pressure on Iran to curb its nuclear program.

  • Goldman expects oil prices to hit $90 by year-end as supply tightens Sep 27, 2021 12:38 PM IST

    Goldman expects oil prices to hit $90 by year-end as supply tightens

    Brent futures hit a near three-year high last week as global output disruptions have forced energy companies to pull large amounts of crude out of inventories.

  • Hess sees oil demand climbing to 100 million bpd by year end or early 2022: APPEC Sep 27, 2021 10:09 AM IST

    Hess sees oil demand climbing to 100 million bpd by year end or early 2022: APPEC

    "While there’s still uncertainty in all of this, we really see demand reaching that 100 million barrels (per day), which is pre-COVID, probably by the end of the year, maybe into the first quarter, and then growing to 101 or 102 (million bpd) next year," Hill said at the annual Platts APPEC 2021 conference.

  • Asia shares hesitant as oil hits 3-year highs Sep 27, 2021 07:54 AM IST

    Asia shares hesitant as oil hits 3-year highs

    Oil pushed past its July peaks as global output disruptions forced energy companies to pull large amounts of crude out of inventories, while a shortage of natural gas in Europe pushed costs up across the continent. [O/R]

  • Oil prices advance amid US supply tightness signals Sep 21, 2021 09:12 AM IST

    Oil prices advance amid US supply tightness signals

    Brent crude gained 52 cents or 0.7% to $74.44 a barrel by 0212 GMT, having fallen by almost 2% on Monday. The contract for West Texas Intermediate (WTI), which expires later on Tuesday, was up 61 cents or 0.9 at $70.90 after dropping 2.3% in the previous session.

  • Oil & Gas: Expect a jump in price as the winter nears Sep 20, 2021 10:48 AM IST

    Oil & Gas: Expect a jump in price as the winter nears

    The US and Europe are expected to have a severe winter in 2022 and this is likely to result in increased gas consumption

  • Oil down on stronger greenback, rising US rig count Sep 20, 2021 07:16 AM IST

    Oil down on stronger greenback, rising US rig count

    U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $71.67 a barrel at 0059 GMT, after declining by 64 cents on Friday.

  • Oil steady as US storm-hit supply returns slowly Sep 17, 2021 07:51 AM IST

    Oil steady as US storm-hit supply returns slowly

    U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $72.59 a barrel at 0147 GMT, after settling unchanged on Thursday.

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