TAG: Crude Oil
Oil reports biggest annual drop since 2020, declines 10% in 2023 on demand-supply concerns; Brent sits at $77/bbl
Crude futures lost over 10 per cent in 2023 in a volatile year of trading and reported their bigges...
8 months ago
From $89 to near $100 and back: How Brent crude moved since last Diwali over OPEC+ cuts & more
Crude oil benchmark Brent futures has moved sideways in the last one year - between November 2022 t...
8 months ago
Oil ticks higher; concerns remain over demand, interest rate hikes
New Delhi: Global crude oil prices inched higher on Friday even as investors remain worried about w...
8 months ago
Brent recovers to trade above $80/bbl amid demand concerns
New Delhi: Global crude oil prices marked a small recovery on Thursday, having slumped in the previ...
8 months ago
Oil prices under pressure as China trade data offsets supply cut concerns
New Delhi: Crude oil prices were under pressure on Tuesday as a mixed set of economic data out of t...
8 months ago
Oil prices soar 1.5% as Saudi Arabia and Russia stick to supply cuts
Oil prices soared on Monday after Saudi Arabia and Russia said they would continue their extra volu...
8 months ago
Oil prices soar on new US task force to protect Red Sea vessels; Brent Crude at $78.66/bbl
Oil prices witnessed a substantial rise on Tuesday, December 19, building upon the momentum from th...
8 months ago
Oil rally cools off as prices slip 2% ahead of US Federal Reserve verdict; Brent down to $85.9/bbl
International crude oil prices slipped on Wednesday, March 20, after hitting multi-month highs in the previous session, as investors braced for the US Federal Reserve's interest rate policy announcement later in the day. Analysts widely project the US ce...
6 months ago
Morgan Stanley sees brent crude prices hitting $90/barrel this summer
Global brokerage house Morgan Stanley sees brent crude oil prices hitting $90 per barrel this summer. The brokerage has revised its Brent oil price projections upward by $10 per barrel to $90 for the third quarter of 2024. This adjustment is attributed t...
6 months ago
Oil prices steady on US crude inventories rise lesser than expected ahead of OPEC meeting; Brent at $86/bbl
Oil prices were broadly stable on Wednesday, March 27, after US crude stockpile rose lesser than expected. Prices were dragged by indications that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to change its output policy at its tec...
6 months agoRussia to stick to oil output cut of 500,000 bpd till end of 2023: Deputy PM Novak
Russia's Deputy Prime Minister Alexander Novak announced on May 4 that Russia is abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the end of the year. Russia is part of the OPEC+ group of oil-produci...
6 months ago
Oil plunge deepens as concerns over economy drive selloff
Oil plunged for a second day, dipping below $70 a barrel in New York as the prospect of a US recession triggered a flight from riskier assets and threatened to curb fuel demand. Just days after OPEC began cutting production in an effort to stabilize cr...
6 months agoOil rebounds after 3-day slump, recovers US Fed rate hike impact; what lies ahead
Oil prices edged higher on May 4 but were unable to much of this week's more than 8 per cent decline as demand concerns in major consuming countries continued to weigh. Earlier in the day, Brent oil futures were up 73 cents, or 1.01 per cent, to $73.06...
6 months agoOil edges higher as US recession fears fade on employment growth
Oil prices rose on May 8 as US recession worries eased on healthy jobs report for April that supported crude to climb 4 per cent before the weekend. Oil edged higher even though the US labour market data could allow the Federal Reserve to keep interest r...
6 months ago