Oct 23, 2021 02:58 PM IST
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.
- Oct 23, 2021 09:36 AM IST
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.
- Oct 18, 2021 06:25 PM IST
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.
- Oct 15, 2021 10:48 AM IST
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.
- Oct 14, 2021 08:09 AM IST
Analysts in a Reuters poll expected crude inventories to rise by 700,000 barrels.
- Oct 13, 2021 08:50 AM IST
Brent crude futures fell 70 cents, or 0.8%, to $82.72 a barrel, extending a 23 cent loss on Tuesday.
- Oct 12, 2021 11:05 AM IST
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.
- Oct 12, 2021 07:29 AM IST
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.
- Oct 11, 2021 08:24 AM IST
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.
- Oct 07, 2021 08:23 AM IST
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.
- Oct 06, 2021 08:34 AM IST
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.
- Oct 06, 2021 07:25 AM IST
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.
- Oct 05, 2021 08:15 AM IST
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%.
- Oct 05, 2021 07:30 AM IST
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.
- Oct 03, 2021 07:39 AM IST
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.
- Sep 30, 2021 09:43 AM IST
India continues to be one of the few risk-on markets, thanks to retail buying. The only worry is a crash in global markets
- Sep 30, 2021 08:04 AM IST
Petrol, diesel prices today: In Mumbai, the petrol price went up to Rs 107.71 a litre.
- Sep 29, 2021 07:23 AM IST
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.
- Sep 27, 2021 12:38 PM IST
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.
- Sep 27, 2021 10:09 AM IST
"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.
- Sep 27, 2021 07:54 AM IST
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]
- Sep 21, 2021 09:12 AM IST
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.
- Sep 20, 2021 10:48 AM IST
The US and Europe are expected to have a severe winter in 2022 and this is likely to result in increased gas consumption
- Sep 20, 2021 07:16 AM IST
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.
- Sep 17, 2021 07:51 AM IST
U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $72.59 a barrel at 0147 GMT, after settling unchanged on Thursday.