Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at $79.42 a barrel at 0146 GMT. U.S. West Texas Intermediate (WTI) crude rose 17 cents, or 0.23%, to $74.54, having gained about 8% this week.
Brent crude futures were unchanged at $78.28 a barrel at 0020 GMT. West Texas Intermediate U.S. crude fell 6 cents, or 0.1%, to $72.91 a barrel.
"Rosneft Oil Company and Indian Oil signed a term agreement to substantially increase oil supplies as well as diversify the grades to India," the Russian firm said in a statement.
Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian energy supplies after Moscow sent troops into neighbouring Ukraine.
Brent crude futures fell 2 cents to $78.10 a barrel at 0018 GMT. West Texas Intermediate U.S. crude gained 8 cents, or 0.1%, to $72.89.
Factors such as movement of global oil benchmark Brent crude and the rupee would also guide the trend in equities.
Brent crude fell $1.85, or 2.4%, to $74.06 a barrel by 11:13 a.m. EST (1513 GMT, while West Texas Intermediate U.S. crude futures fell $1.79, 2.5%, to $68.23 a barrel.
At the interbank foreign exchange market, the local unit opened lower by 12 paise at 82.32 as the US dollar rebounded against global currencies.
Shares of Asian Energy Services Ltd surged over 100 percent in the last one month on the back of higher volumes. On Friday, the stock gained as much as 5% after its promoter increased their stake in the company.
India’s transition from traditional gasoline and diesel-fueled transport is expected to lag other regions, whereas China’s adoption of electric vehicles is skyrocketing.
The Petroleum and Natural Gas Regulatory Board (PNGRB) on March 22 said the integrated tariff for natural gas pipelines of GAIL (India) is set to increase to Rs 58.61 per MMBtu. The tariff, which is 45 percent higher, will be effective April 1, 2023.
Brent crude futures fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 84 cents, or 1.2%, to $70.06.
Crude oil prices are trading near 15-month lows, with a nearly 13% decline in 2023 so far. Until now, oil markets were volatile due to the constant churn in the global geopolitical situation - but now, even financial dynamics are impacting the oil market, with 3 global banks getting into trouble one after the other. But, what exactly is the link between the global banking crisis & the fall in crude oil prices? Watch to find out!
US oil companies are envious of how much money their European peers are making from trading oil and gas. But do they have the stomach for it?
Brent crude futures , which have risen by almost 3% this week, were down 30 cents, or 0.40%, at $75.02 a barrel at 1026 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 29 cents, or 0.42%, at $69.38.
Brent futures, which have risen more than 3% this week, were down 48 cents, or 0.6%, at $74.84 a barrel at 0203 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 47 cents, or 0.7%, at $69.20.
Brent crude futures for May settlement gained 5 cents and traded at $73.84 per barrel by 0049 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 9 cents to $67.73 a barrel. In the previous session, both Brent and WTI fell about $3 a barrel before settling higher.
Brent crude futures rose 35 cents, or 0.5%, to $73.32 a barrel by 0007 GMT after a near 12% loss last week, its biggest weekly fall since December.
Almost 1,200 miles away in Dubai, a small office in a run down industrial estate, offers no clues that it, too, is a small cog in Russia’s vast new petroleum supply chain.
Oil prices took a dive on Friday, reversing early gains of more than $1 a barrel and falling by more than $3, as banking sector fears set crude on course for its biggest weekly decline in months.
Brent crude futures fell by 76 cents, or 1.02%, to $73.94 a barrel by 1322 GMT. U.S. West Texas Intermediate crude was down 52 cents, or 0.76%, at $67.83.
West Texas Intermediate futures edged toward $69 a barrel on Friday, but are still down about 10% for the week. OPEC+ chiefs from Saudi Arabia and Russia met in Riyadh on Thursday, and discussed efforts by the group to “promote market balance and stability.”
Brent crude futures edged up 2 cents to $74.72 a barrel by 0133 GMT, having snapped three days of losses to settle 1.4% higher on Thursday.
Some cargoes of low sulphur, or sweet, crude oil bought by Indian refiners have risen above the $60 per barrel cap set by the Group of Seven rich countries, the European Union and Australia, due to rising demand, while most cargoes are below the cap.
Financial sector tensions have dealt a blow to oil demand outlook, but India finds herself in a macroeconomic sweet spot.