Page 19 of Oil prices

How high will crude oil price rise? OPEC+ cuts, Russia sanctions, low US reserves to push price to this level

The elevated prices will have a grave impact on India, which is a major oil importing country. The downstream oil…

October 7, 2022 16:40 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

Joe Biden to oil industry: Don’t raise prices as hurricane nears

“Do not, let me repeat, do not use this as an excuse to raise gasoline prices or gouge the American…

Updated: September 29, 2022 07:19 IST

Spike in oil price due to Russia-Ukraine conflict breaking India’s back: S Jaishankar

“You have to understand that in the last few months the energy markets are already under very great stress. Countries…

Updated: September 28, 2022 18:05 IST

MCX crude oil Oct futures: Wait for crude to cross Rs 7,150/bbl; check key levels to watchout for next week

In this same week, before the FOMC meeting, crude got a boost after Russian President Vladimir Putin ordered a partial…

September 25, 2022 10:46 IST

Oil ministry seeks review of windfall tax; wants certain fields exempt

The ministry in the August 12 letter, reviewed by PTI, sought exemption for fields or blocks, which were bid out…

September 19, 2022 15:42 IST

MCX crude oil September futures support at 6500; US FOMC meet to guide crude oil movement

The oil market is going through a rough patch as investors continue to grapple with inflation, demand fears and lockdown…

September 18, 2022 11:22 IST

oil demand, global oil prices, oil production,

Data Drive: Muted oil demand ahead

In order to support prices, the Organization of the Petroleum Exporting Countries and its partners have decided to cut production…

September 16, 2022 05:00 IST

The G7 countries are reportedly seeking India's support to enforce the price cap on Russian oil.

India’s procurement of crude oil from Russia not under govt-to-govt framework: Foreign secretary

Kwatra also chose not to comment on the proposed price cap on Russian oil, a move initiated by the G7…

September 15, 2022 17:06 IST

S Jaishankar Saudi Crown Prince Mohammed bin Salman meet

India-Saudi Arabia defence cooperation in the naval domain has strengthened: EAM Jaishankar

EAM S Jaishankar called Saudi Arabia an important player in today’s global economy. Apart from traditional trade in the field…

Updated: September 12, 2022 21:15 IST

Oil prices ease on symbolic OPEC+ output cut by 100,000 bpd in October

U.S. West Texas Intermediate (WTI) crude futures inched up from Monday to $88.57 a barrel, and were $1.70 higher, or…

Updated: September 6, 2022 10:54 IST

OPEC+ and the changing equations in the Middle East

The Saudi Crown Prince Mohammad Bin Salman in a meeting at Jeddah on July 15 mentioned that the Kingdom will…

Updated: August 30, 2022 14:19 IST

“India, US and countries in other parts of the world are paying too much for energy today because of Russia’s unjustified war in Ukraine. The goal of the price cap is to lower the price,” he said.

US urges India to join coalition seeking price cap on Russia oil

The Russia-Ukraine war has disrupted the global supply chain, which has resulted in rising prices of crude oil and some…

August 27, 2022 03:30 IST

The price cap will ensure that there is a reduction in revenues for Russia, he said during a media interaction here.

India has ‘shown great interest’ on Russian oil price cap proposal: US official

The US has imposed sanctions on Russia in the wake of the invasion of Ukraine.

August 26, 2022 17:51 IST

OPEC sees demand for oil products in India rising 7.7%

In 2021, India’s demand for oil products was 4.77 mb/d. It may grow 4.67% in 2023 to 5.38 mb/d over…

August 18, 2022 07:59 IST

For 2023, the Organisation of Petroleum Exporting Countries (OPEC) projected a growth of 4.67 per cent in India's demand to 5.38 per cent.

India’s oil demand to rise 7.7 pc in 2022

“Overall, based on the most recent trends, demand for diesel and jet kerosene would likely account for a bigger part…

Updated: August 17, 2022 17:47 IST

MCX crude oil outlook: Prices to find support at Rs 6850/bbl; aggressive traders can go long via call option

U.S. distillate inventories have fallen to dangerously low levels and either imminent recession reduces consumption or prices are likely to…

August 15, 2022 12:20 IST

Asian markets face subdued open as US futures drop; traders see greater odds of another 75 bps Fed rate hike

Stocks in Asia look set for a cautious start on Monday following a jump in Treasury yields and the dollar…

August 8, 2022 08:19 IST

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Page 19 of Oil prices

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