Page 2 of oil price

First rupee payment for oil to UAE: India looks for more deals and no targets, say officials

Officials said the default payment currency for import of crude oil has been the US dollar for several decades and…

December 25, 2023 15:51 IST

Oil prices mixed as Red Sea attacks disrupt supply chains

Brent crude futures rose 10 cents, or 0.13%, to $78.05 a barrel at 0330 GMT.

December 19, 2023 09:47 IST

oil demand, consumption, oil prices, crude demand, crude importer, OPEC+

Oil demand growth in India to taper in 2024 after bumper run

Oil prices sank this quarter on persistent concerns global supplies are outpacing demand. The drop comes despite plans for deeper…

December 15, 2023 10:39 IST

OMC stocks slip on fuel price-cut reports

Media reports on Monday suggested the government is considering a move to bring down pump prices of auto fuels, though…

December 12, 2023 01:30 IST

Oil rebounds from six-month-low, demand concerns still cloud

Brent crude futures rose 38 cents, or 0.5%, to $74.68 a barrel by 0409 GMT. U.S. West Texas Intermediate crude…

December 7, 2023 10:16 IST

Oil prices rise in early trade as US inflation cools

Brent crude futures rose 6 cents to $80.17 per barrel by 0004 GMT and U.S. West Texas Intermediate crude futures…

July 13, 2023 08:34 IST

oil demand, OPEC, oil production, exporters, US output, refineries, imports

OPEC+ supply cut opens door to battle over Asia’s oil demand

Refiners in Asia will also be able to process those lighter oil grades, and American fuelmakers could find themselves in…

April 4, 2023 12:56 IST

oil and gas, extraction, reservoirs, distribution, economic transformation, digitalization, self-sustainability, technology, workforce productivity, blockchain, supply chain, stimulation techniques

How innovation in oil and gas extraction paving way for a new futuristic model

The oil and gas industry has played a significant role in the global economic transformation. Having said that, digitalization in…

March 21, 2023 12:50 IST

Major output cut expectations uptick global crude prices ahead of OPEC+ meet

Brent crude was up 64 cents, or 0.7%, to $89.50 per barrel by 0823 GMT after gaining more than 4%…

October 4, 2022 15:52 IST

India will assess all details before joining a coalition of G7 countries, says Hardeep Singh Puri

Talking to a news channel in Milan, where Puri has taken a delegation to and is attending a global summit…

September 7, 2022 09:24 IST

"What happens to markets depends on whether we see some normalisation in inflation in the second half of the year," Savary said.

Global Markets: Oil surge fans inflation fears, dampens stocks

Brent crude futures dashed to two-month highs above $123 a barrel and could rise further, analysts warn, citing Europe’s decision…

May 31, 2022 18:18 IST

FM Nirmala Sitharaman expresses concern on rising oil prices; Puri says oil cos to decide on hike

India relies on overseas purchases to meet about 85 per cent of its oil requirement.

March 8, 2022 22:06 IST

"With a view to ensuring energy justice for its citizens and for just energy transition towards a net zero future, India stands ready to take appropriate action for ensuring ongoing supplies at stable prices," the statement said without elaborating.

India watching global energy markets, supports release of oil from strategic storage

The US is trying to do a coordinated release with other consuming nations to cool rates again. The statement did…

February 26, 2022 17:10 IST

Oil retreats, still above $100; no supply shocks for India

Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia’s…

February 25, 2022 15:38 IST

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Mukesh Ambani-led Reliance Intelligence JV with Meta sees Rs 855 crore initial investment

Business26 min ago

Reliance Industries and Facebook have joined forces to create a new AI subsidiary, REIL, with an initial investment of Rs 855 crore. Reliance will hold a 70% stake while Facebook will hold 30%. The partnership aims to offer AI solutions for India’s sovereign needs and small businesses, with a vision of “AI Everywhere for Everyone”. No regulatory approvals are needed for the incorporation of REIL.

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