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  • Oil rises as China factory activity expansion lifts demand hopes March 31, 2023 08:20 AM IST

    Oil rises as China factory activity expansion lifts demand hopes

    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.

  • Oil steadies as US crude draw offset by Russian supplies, stronger dollar March 30, 2023 06:23 AM IST

    Oil steadies as US crude draw offset by Russian supplies, stronger dollar

    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.

  • IOC signs deal with Russia's Rosneft to raise oil imports March 29, 2023 09:11 PM IST

    IOC signs deal with Russia's Rosneft to raise oil imports

    "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 says oil sales to India soar amid Ukraine conflict March 28, 2023 02:14 PM IST

    Russia says oil sales to India soar amid Ukraine conflict

    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.

  • Oil jumps to two-week high on supply disruptions, easing banking fears March 28, 2023 07:43 AM IST

    Oil jumps to two-week high on supply disruptions, easing banking fears

    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.

  • Markets to track global factors in holiday-shortened week; may face volatility: Analysts March 26, 2023 01:34 PM IST

    Markets to track global factors in holiday-shortened week; may face volatility: Analysts

    Factors such as movement of global oil benchmark Brent crude and the rupee would also guide the trend in equities.

  • Oil slides 2.5% on concerns over health of banking sector March 24, 2023 09:46 PM IST

    Oil slides 2.5% on concerns over health of banking sector

    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.

  • Rupee falls 24 paise to close at 82.44 against US dollar March 24, 2023 04:19 PM IST

    Rupee falls 24 paise to close at 82.44 against US dollar

    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.

  • Asian Energy doubles in a month despite rating downgrade over deterioration financial performance and credit metrics March 24, 2023 12:22 PM IST

    Asian Energy doubles in a month despite rating downgrade over deterioration financial performance and credit metrics

    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 set to surpass China in need for oil as growth paths diverge March 24, 2023 09:24 AM IST

    India set to surpass China in need for oil as growth paths diverge

    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.

  • CNG price may go up by Rs 1/kg on hike in GAIL pipeline tariffs, says MGL MD March 23, 2023 11:52 AM IST

    CNG price may go up by Rs 1/kg on hike in GAIL pipeline tariffs, says MGL MD

    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.

  • Oil prices fall as investors weigh Fed chair comments, rate hike March 23, 2023 06:55 AM IST

    Oil prices fall as investors weigh Fed chair comments, rate hike

    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.

  • How The Global Banking Crisis & Recession Fears Led To A Decline In Crude Oil Prices | Explained March 22, 2023 07:09 PM IST

    How The Global Banking Crisis & Recession Fears Led To A Decline In Crude Oil Prices | Explained

    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!

  • Can Exxon and Chevron master oil trading? It won’t be easy March 22, 2023 05:23 PM IST

    Can Exxon and Chevron master oil trading? It won’t be easy

    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?

  • Oil slips on demand fears, market awaits Fed decision March 22, 2023 04:33 PM IST

    Oil slips on demand fears, market awaits Fed decision

    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.

  • Oil's two-day rally snaps near $75 ahead of FOMC decision March 22, 2023 07:54 AM IST

    Oil's two-day rally snaps near $75 ahead of FOMC decision

    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.

  • Oil prices stabilize as banking deal eases some worries about crude appetite March 21, 2023 07:22 AM IST

    Oil prices stabilize as banking deal eases some worries about crude appetite

    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.

  • Oil edges up on historic Swiss banks deal, central banks support March 20, 2023 06:54 AM IST

    Oil edges up on historic Swiss banks deal, central banks support

    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.

  • Tanker giants sprout from nowhere to keep Russian oil moving March 18, 2023 04:57 PM IST

    Tanker giants sprout from nowhere to keep Russian oil moving

    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 rise then dive to 15-month lows on bank fears March 17, 2023 09:47 PM IST

    Oil prices rise then dive to 15-month lows on bank fears

    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.

  • Oil gains reverse on banking sector fragility March 17, 2023 07:25 PM IST

    Oil gains reverse on banking sector fragility

    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.

  • Oil set for worst week this year, eye on OPEC+ move March 17, 2023 10:00 AM IST

    Oil set for worst week this year, eye on OPEC+ move

    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.”

  • Oil steadies as investors take stock of banking crisis March 17, 2023 08:24 AM IST

    Oil steadies as investors take stock of banking crisis

    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.

  • US says Russia not benefiting from +$60/bbl oil to India March 17, 2023 06:44 AM IST

    US says Russia not benefiting from +$60/bbl oil to India

    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.

  • Oil off the boil? Slipping crude prices brighten outlook for India amid global turmoil March 16, 2023 05:44 PM IST

    Oil off the boil? Slipping crude prices brighten outlook for India amid global turmoil

    Financial sector tensions have dealt a blow to oil demand outlook, but India finds herself in a macroeconomic sweet spot.