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Feb 25, 2021 10:55 AM IST Brent crude futures for April gained 19 cents, 0.3%, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1%.
Feb 25, 2021 07:20 AM IST The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, cut output by a record 9.7 million bpd last year as demand collapsed due to the pandemic. As of February, it is still withholding 7.125 million bpd, about 7% of world demand.
Feb 24, 2021 09:59 AM IST High commodity prices may not be passed on, having a severe effect on the bottomlines of many companies
Feb 23, 2021 04:31 PM IST Yamani also oversaw what would become the full nationalization of the Arabian American Oil Co. after the 1973 oil crisis.
Feb 22, 2021 07:48 AM IST Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.
Feb 18, 2021 08:29 AM IST Brent crude climbed 93 cents, or 1.5%, to $65.27 a barrel by 0219 GMT, touching its highest since Jan. 20, 2020. U.S. West Texas Intermediate (WTI) crude futures gained 76 cents, or 1.2%, to $61.90 a barrel, registering its highest since Jan. 8, 2020.
Feb 15, 2021 07:46 AM IST Hopes for more U.S. stimulus and an easing of coronavirus lockdowns helped support the rally, after prices gained around 5% last week.
Feb 11, 2021 08:50 AM IST Brent crude fell 39 cents, or 0.6%, to $61.08 a barrel, as of 0231 GMT, after touching its highest since January 2020 on Wednesday. U.S. crude slid 35 cents, or 0.6%, to $58.33 a barrel.
Feb 09, 2021 07:52 PM IST New Delhi, Feb 9 Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) will buy out Oman Oil Company's shares in Bina refinery project in the ..
Feb 08, 2021 01:19 PM IST Brent crude for April touched an intraday high of $60.06 a barrel, the highest since January last year. The front-month contract was at $59.90 by 0728 GMT, up 56 cents, or 0.9%.
Feb 05, 2021 08:27 AM IST U.S. West Texas Intermediate (WTI) crude futures jumped 51 cents, or 0.9%, to $56.73 a barrel by 0210 GMT, after touching a high of $56.75, the most since Jan. 22 last year. The benchmark contract is on track for a weekly gain of nearly 9%, which would be its biggest weekly gain since October.
Feb 04, 2021 02:21 PM IST Global crude oil prices rose to their highest in about a year this week as production cuts by the Organization of the Petroleum Exporting Countries and their allies including Russia tilted the market balance towards a deficit.
Feb 04, 2021 01:37 PM IST The government's plan was to unbundle GAIL into two companies for gas transmission and marketing business and the state-run company had entrusted Ernst &Young as a consultant for this.
Feb 04, 2021 10:18 AM IST Brent crude futures gained 47 cents, or 0.8%, to $58.93 a barrel, by 0317 GMT, having earlier hit their highest since Feb. 21, 2020 in the wake of the OPEC+ decision.
Feb 02, 2021 04:59 PM IST For FY22, investment in state-run oil and gas companies is pegged at Rs 104,870 crore, up from Rs 99,650 based on the revised estimates of FY21.
Feb 01, 2021 08:14 AM IST Brent crude futures were up 10 cents at $55.14 a barrel by 0233 GMT, while U.S. West Texas Intermediate (WTI) gained 1 cents to $52.21. Both benchmarks gained nearly 8% in January.
Feb 01, 2021 06:13 AM IST The talks between Exxon Chief Executive Darren Woods and Chevron CEO Mike Wirth were serious enough for legal documents involving certain aspects of the merger discussions to be drafted, a source told Reuters
Jan 28, 2021 11:31 AM IST U.S. West Texas Intermediate (WTI) crude futures fell 33 cents, or 0.62%, to $52.52 a barrel at 0452 GMT, erasing Wednesday's gain.
Jan 26, 2021 12:01 PM IST The British firm has begun identifying overseas Indian assets in case the Indian government fails to honour the arbitration award.
Jan 26, 2021 08:06 AM IST Brent crude was down 15 cents at $55.73 by 0135 GMT, having risen nearly 1% on Monday. U.S. crude was also lower, dropping 5 cents to $52.72, after declining 1% in the previous session.
Jan 22, 2021 07:57 AM IST U.S. West Texas Intermediate (WTI) crude futures dropped 47 cents, or 0.9%, to $52.66 a barrel at 0148 GMT, after slipping 18 cents on Thursday.
Jan 21, 2021 08:26 AM IST U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.5%, to $53.04 a barrel at 0147 GMT, following two days of gains on hopes of massive COVID-19 relief spending under new U.S. President Joe Biden.
Jan 20, 2021 11:35 AM IST U.S. West Texas Intermediate (WTI) crude futures climbed 37 cents, or 0.7%, to $53.35 a barrel at 0427 GMT, building on a 1.2% rise on Tuesday.
Jan 19, 2021 05:13 PM IST According to a source close to the development, the deal is likely to happen before the privatisation of BPCL
Jan 15, 2021 08:21 AM IST Brent was down 3 cents at $56.69 by 0133 GMT, after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was up 12 cents at $53.69 a barrel, having risen more than 1% the previous session.
