Brent crude

Brent Crude News

Crude oil price set to close higher in 2022, a turbulent year marked by tight supplies

Brent crude futures climbed 44 cents, or 0.5%, to $83.90 a barrel by 0138 GMT after settling 1.2% down in…

Updated: December 30, 2022 08:31 IST

Oil prices largely unchanged amid demand hopes, interest rate hike

Brent crude futures were up 1 cent at $82.71 per barrel at 0121 GMT while U.S. crude futures fell 4…

Updated: December 15, 2022 08:13 IST

Oil prices slip on surprise build in US crude stocks

U.S. West Texas Intermediate (WTI) crude futures fell 30 cents, or 0.4%, to $75.09 at 0128 GMT, paring a 3%…

Updated: December 14, 2022 08:28 IST

Oil prices climb on uncertainty over Keystone pipeline restart, Russian supplies

Brent crude futures climbed 83 cents, or 1.1%, to $76.93 a barrel by 0020 GMT.

Updated: December 12, 2022 08:37 IST

Oil falls over $2 a barrel as China’s COVID protests fuel demand fears

Brent crude dropped $2.16, or 2.6%, to trade at $81.47 a barrel at 0230 GMT, after diving to $81.16 earlier…

Updated: November 28, 2022 09:48 IST

Oil dips near 2-month lows as supply concerns ease

Brent crude futures for January had slipped 28 cents, or 0.3%, to $87.34 a barrel by 0103 GMT after settling…

Updated: November 21, 2022 08:39 IST

Oil slips on strong dollar after Fed rate hike, tight supply lends floor

Brent crude shed 37 cents, or 0.4%, to $95.79 a barrel at 0426 GMT, while U.S. West Texas Intermediate (WTI)…

Updated: November 3, 2022 11:31 IST

Windfall tax cut on crude oil; levy on diesel, ATF export hiked in eighth fortnightly review

The government on Tuesday cut windfall tax on the export of locally produced crude oil to Rs 9,500 per tonne…

November 2, 2022 08:29 IST

Brent crude may hover around $104/bbl this year: JPMorgan

Where supply is constrained, oil could rally to $190/380 a barrel.

Updated: July 9, 2022 16:32 IST

Brent to hit $140/barrel in July-Sept: Goldman Sachs

The investment bank, however, said that the crude prices are likely to come down to $130/bbl in the October-December period…

Updated: June 10, 2022 09:19 IST

Oil prices fall on prospect of OPEC offsetting Russian output loss

As recently as Wednesday, sources expected OPEC+ to stick to its modest monthly increases in oil output, despite seeing tighter…

June 2, 2022 16:00 IST

IEA member nations will release 60 million barrels over the next six months. (File)

Oil drops below $100 on reserves release and China lockdowns

Fuel demand in India, the world’s third-biggest oil importer and consumer, rose to a three-year high in March, with petrol…

April 11, 2022 17:33 IST

The Brent crude international benchmark rose to nearly $140 — from $90 before the start of the war — before falling back. (File)

OPEC likely to stick to modest oil boost despite war jitters

Analysts expect the group to stay on its schedule of gradual increases to restore production cuts made during the depths…

March 31, 2022 15:31 IST

Oil jumps 4% on tight supply, prospects of new Russia sanctions

Brent futures rose $4.17, or 3.8%, to $114.40 a barrel by 10:57 a.m EDT (1457 GMT), while U.S. West Texas…

March 30, 2022 21:19 IST

Some multinationals including ExxonMobil and Shell have announced exit from the Russian projects after Moscow invaded Ukraine. (File)

India’s import of Russian oil less than 1% of total, share from US to rise: Petroleum Minister Hardeep Singh Puri

In 2020-21, India imported 633,000 tonnes of 0.3 per cent while in 2019-20 the purchases were 2.93 million tonnes or…

March 21, 2022 20:26 IST

Crude prices up more than $4 as European Union mulls Russian oil ban

With little sign of the conflict easing, the focus returned to whether the market would be able to replace Russian…

March 21, 2022 19:35 IST

ATF prices effective from March 16 is up 18% in Delhi compared to a fortnight ago, at Rs 1,10,666.29 kilo litre. Compared to March last year, it is up 86.3%. ATF prices are one of the biggest cost component – around 40% – for airlines.

Jet fuel sees steepest price hike: Air fares may soar 15% on key routes

International oil prices had climbed to a 14-year high of near $140 per barrel last week on fears of supply…

March 17, 2022 04:00 IST

Crude oil imports: India may tap FTA with UAE to raise oil supply

Brent crude dropped 1.8%, to $125.71 a barrel at 1105 GMT, having risen above $131 in early trading.

March 10, 2022 04:00 IST

State-run oil marketing companies (OMCs) want the government to set up a payment mechanism similar to the one instituted in 2018-19 to pay for Iranian crude oil, as Tehran came under US sanctions.

Oil marketing companies keen on discounted Russian crude, seek payment mechanism

Deven Choksey, managing director of brokerage firm KR Choksey, said, if the world puts pressure on the US to lift…

March 10, 2022 03:15 IST

Markets stay on crash course; crude oil prices surge to highest level since 2008

Sectorally, the Nifty Bank and Auto fell 4% each, and the realty index fell 5.5% on Monday.

March 8, 2022 00:00 IST

Crude oil price on fire: Govt may revisit FY23 spending matrix, little scope for tax cuts

Geopolitical tensions in Eastern Europe have recently pushed the price of Indian basket of crude to over $100 a barrel.

March 7, 2022 05:30 IST

“Advance decline ratio is now even suggesting that selling is concentrated in large cap stocks,” said Deepak Jasani, head of retail research at HDFC Securities.

Brent boils: Stocks bleed as war spooks investors

Sensex plummets 778 points, Nifty dives 187.95 points. Fall in the broader market relatively less

March 3, 2022 00:45 IST

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