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Saudi Arabia cuts February Arab Light crude price to Asia to 27-month low

Saudi Arabia cuts February Arab Light crude price to Asia to 27-month low

Sun, Jan 07, 2024

Saudi Aramco slashed the official selling price (OSP) for February-loading Arab Light to Asia by $2 a barrel from January to $1.50 a barrel over Oman/Dubai quotes, a level last seen for November 2021.

Commodity Capsule | Crude oil prices range-bound, copper moves up | Watch video

Commodity Capsule | Crude oil prices range-bound, copper moves up | Watch video

Tue, Nov 28, 2023

Commodity Capsule: Traders widely expect the producers' group to deepen and extend cuts to oil production amid fears of supply being consistently higher than demand.

Oil prices dip on US crude build, Asia demand worries

Oil prices dip on US crude build, Asia demand worries

Thu, Nov 16, 2023

U.S. crude production held steady at a record 13.2 million barrels per day (bpd).

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Global trends, crude oil prices, Q2 earnings to drive markets in holiday-shortened week: Analysts

Global trends, crude oil prices, Q2 earnings to drive markets in holiday-shortened week: Analysts

Sun, Oct 22, 2023

"Global markets are currently fragile due to heightened attention on the rising US bond yield, global economic uncertainty, and also the geopolitical situation.

Impact of 10-Month High Crude Oil Prices : How Does It Affect Company Margins?

Impact of 10-Month High Crude Oil Prices : How Does It Affect Company Margins?

Wed, Sep 20, 2023

Crude oil at 10 month high, who will be harmed by the boiling of CrudeOil? How much impact on the margins of companies? What is the effect of increase in crude prices? Know complete details

Oil hits $95 per barrel amid supply worries

Oil hits $95 per barrel amid supply worries

Tue, Sep 19, 2023

Oil price is continuing its march towards $100 a barrel for the first time in almost a year, creating new inflationary headaches for central bankers, a media report said.

Brent crude to be well supported near $80/bbl: Morgan Stanley

Brent crude to be well supported near $80/bbl: Morgan Stanley

Sat, Aug 26, 2023

Morgan Stanley raised its Brent price forecast for the third quarter to $85 per barrel from $75, and for the fourth quarter to $82.50 from $70. The global benchmark was trading around $84 a barrel on Friday.

Record Imports of Cooking Oil Prevent Price Surge During Festive Celebrations: Food Secretary

Record Imports of Cooking Oil Prevent Price Surge During Festive Celebrations: Food Secretary

Mon, Aug 07, 2023

Edible oil prices will not increase during festivals, there has been a record import of edible oil: Sanjeev Chopra, Food Secretary

Oil extends gains, hovers at four-month highs on OPEC+ cuts

Oil extends gains, hovers at four-month highs on OPEC+ cuts

Mon, Aug 07, 2023

Oil prices extended gains on Monday to touch their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets further and support prices.

Crude Oil Price Spikes! How much more will crude oil price hike?

Crude Oil Price Spikes! How much more will crude oil price hike?

Fri, Aug 04, 2023

Why is the boiling of crude increasing ? how much more crude oil will boil now?

Oil up as supply tightness view offsets concerns from rate hikes

Oil up as supply tightness view offsets concerns from rate hikes

Thu, Jul 27, 2023

Oil prices rose on Thursday as investors focused on expectations of tighter supplies from top oil producers, helping reverse earlier losses that were driven by worries that the hike in interest rates by the U.S. will hurt demand.

Oil settles lower as economic jitters outweigh supply cuts

Oil settles lower as economic jitters outweigh supply cuts

Tue, Jul 04, 2023

Fears of a further economic slowdown denting fuel demand grew on Friday as U.S. inflation continued to outpace the central bank's 2per cent target, stoking fears of more rate hikes.

Oil prices ease on weaker Chinese demand picture

Oil prices ease on weaker Chinese demand picture

Wed, Jun 21, 2023

The price drop, however, was limited by expectations that oil demand will grow in China and India in the second half of the year.

Oil slips as China benchmark rate cuts less aggressive than expected

Oil slips as China benchmark rate cuts less aggressive than expected

Tue, Jun 20, 2023

The rate reductions follow recent economic data that showed China's retail and factory sectors are struggling to sustain the momentum seen earlier this year.

Oil posts second weekly decline as demand concerns overshadow Saudi cut

Oil posts second weekly decline as demand concerns overshadow Saudi cut

Sat, Jun 10, 2023

Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as disappointing Chinese data added to doubts about demand growth after Saudi Arabia's weekend decision to cut output.

With oil prices slumping, OPEC+ producers weigh more production cuts

With oil prices slumping, OPEC+ producers weigh more production cuts

Sun, Jun 04, 2023

The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to US drivers and helped ease inflation worldwide.

Oil rises 3% on US debt ceiling progress, traders on alert for OPEC+ meeting

Oil rises 3% on US debt ceiling progress, traders on alert for OPEC+ meeting

Fri, Jun 02, 2023

The U.S. debt ceiling bill is currently awaiting approval by the Senate, which Democratic Majority Leader Chuck Schumer has said will stay in session on Thursday night U.S. time until it is passed.

Oil prices fall on stronger dollar, demand fears

Oil prices fall on stronger dollar, demand fears

Mon, May 15, 2023

A stronger greenback makes dollar-priced oil more expensive for holders of other currencies.

Crude oil prices inch up as recession fears begin to fade

Crude oil prices inch up as recession fears begin to fade

Mon, May 08, 2023

Brent crude futures were up 6 cents at $75.36 a barrel at 0022 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents at $71.42.

Oil price cap on Russian oil will benefit emerging markets, help constrain Putin's finances: US

Oil price cap on Russian oil will benefit emerging markets, help constrain Putin's finances: US

Sat, Dec 03, 2022

The US said the price cap is an "important tool" to restrict the revenue Russia receives to fund its illegal war in Ukraine, while also maintaining a reliable supply of oil onto global markets.

Oil prices at seven-month low but no change in petrol, diesel prices in India

Oil prices at seven-month low but no change in petrol, diesel prices in India

Mon, Sep 12, 2022

International benchmark Brent crude fell below USD 90 per barrel last week for the first time since early February as recession fears weigh on demand. It has since recovered and is trading at USD 92.84 per barrel, the lowest in six months.

When will government consider lowering windfall tax as global oil prices decline?

When will government consider lowering windfall tax as global oil prices decline?

Fri, Jul 15, 2022

The fall in the crude oil prices as well as the refining margin for diesel, petrol and aviation turbine fuel, raises the question whether the Indian government should continue with its windfall tax, said CLSA Ltd in a report.

Asian stocks track Wall Street gains ahead of U.S. payroll data

Asian stocks track Wall Street gains ahead of U.S. payroll data

Fri, Jul 08, 2022

Asian shares tracked overnight Wall Street gains in early trading on Friday as fears of an economic slowdown cooled and sterling began to claw back recent losses following British Prime Minister Boris Johnson`s decision to resign.

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