Page 8 of oil

Saudi Aramco, oil output capacity, oil production, oil demand, OPEC+, oil consumption, natural gas, renewables

Saudi Aramco ordered to halt project to boost oil output capacity

The surprise move comes just months after the world’s biggest oil producer had said it was spending billions of dollars…

January 30, 2024 12:23 IST

marketing margins, retail sales, auto fuel, fuel prices, Indian oil marketing companies, net realisation, crude prices, SAED, OPEC+, operating margins, profitability, domestic refining capacity

Improved marketing margins on retail sales of auto fuels could permit downward revision of fuel prices, says ICRA

Girishkumar Kadam, Senior Vice President and Group Head, Corporate Ratings, ICRA Ltd, said, “ICRA estimates that the OMCs’ net realisation…

January 23, 2024 12:26 IST

A China Ocean Shipping Company (COSCO) vessel is seen near oil tanks at the China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp in Dalian, Liaoning province, China (Image/Reuters)

Oil steadies on mixed supply cues, cautious outlook on China

Brent crude futures fell 2 cents to $80.04 a barrel by 0353 GMT, while U.S. West Texas Intermediate crude futures…

January 23, 2024 11:02 IST

Oil struggles to steady as economic headwinds weigh on demand outlook

Brent crude fell 9 cents, or 0.1%, to $78.47 a barrel by 0353 GMT after settling down 54 cents on…

January 22, 2024 10:13 IST

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China (Image/Reuters)

Oil prices drift lower on China demand worries

Brent crude futures fell 17 cents, or 0.2%, to $78.93 a barrel by 0151 GMT, and U.S. West Texas Intermediate…

January 19, 2024 09:47 IST

SEA said the country's export of soyameal rose due to price competitiveness (Image/Reuters)

Oilmeals exports rose 16 pc to 12.20 lakh tonne in Dec quarter

In December alone, total oilmeals exports were at 5.32 lakh tonne, up by 23 per cent from 4.33 lakh tonne…

January 18, 2024 15:00 IST

Oil prices up on OPEC demand estimate, Mideast tensions and US output

Brent crude futures gained 21 cents, or 0.3%, to $78.09 a barrel by 0505 GMT, while U.S. West Texas Intermediate…

January 18, 2024 11:06 IST

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub (Image/Reuters)

Oil prices fall as stronger dollar offsets Red Sea disruptions risks

Brent crude rose slightly on Tuesday while WTI fell as investors saw fundamentals weakening in the U.S. but the ongoing…

January 17, 2024 10:35 IST

Petrol and Diesel Price Slashed by Rs 2 per litre

Oil prices mixed amid economic concerns, Red Sea issues

Brent crude futures rose 5 cents, or about 0.06%, to $78.20 a barrel at 0334 GMT. The contract had earlier…

January 16, 2024 09:25 IST

The U.S. and British strikes are one of the most dramatic demonstrations to date (Image/Reuters)

Oil prices rise 2% after US, Britain strikes in Yemen

The U.S. and British strikes are one of the most dramatic demonstrations to date of the widening of the Israel-Hamas…

January 12, 2024 10:29 IST

Oil gained about 2% in the previous session on supply concerns after reports of a Libyan supply outage (Image/Reuters)

Oil climbs a second day after US crude inventories draw down

Brent crude futures rose 30 cents, or 0.4%, to $77.89 a barrel at 0524 GMT, while U.S. West Texas Intermediate…

January 10, 2024 12:16 IST

Brent crude futures rose 18 cents, or 0.2%, to $76.30 a barrel at 0445 GMT (Image/Reuters)

Oil prices inch up as markets debate Middle East crisis and OPEC supply

The benchmarks had fallen over 3% and 4% respectively on Monday on sharp price cuts by top exporter Saudi Arabia…

January 9, 2024 10:57 IST

The project will also likely increase ONGC's gas output by 15% (Image/ONGC_)

India’s ONGC sees oil production rise 11% after east coast block starts output

The company currently contributes to 71% of India’s domestic oil production, according to its official website.

January 8, 2024 11:57 IST

Brent crude fell 9 cents, or 0.1%, to $78.67 (Image/Reuters)

Oil slips as higher OPEC supply, Saudi price cuts offset Mideast worries

Brent crude fell 9 cents, or 0.1%, to $78.67 a barrel by 0057 GMT, while U.S. West Texas Intermediate crude…

January 8, 2024 10:15 IST

Capital infusion, oil marketing companies, Indian Oil Corporation, BPCL, HPCL, top news, latest news, business news,

Capital infusion in OMCS may be halved to Rs 15,000 crore

The official said the government was conscious of the requirements of the OMCs, which have undertaken massive capex in the…

January 8, 2024 00:40 IST

Oil prices edged higher on Friday after minutes from a Federal Reserve meeting (Image/Reuters)

Oil prices higher on Fed comments on inflation, Middle East tensions

Brent crude futures were up 37 cents, or 0.5%, to $77.96 a barrel, while U.S. West Texas Intermediate crude futures…

January 5, 2024 11:31 IST

India's December palm oil imports rose 1.9% (Image/Reuters)

India’s Dec palm oil imports hit 4-month high as sunoil doubles

India’s December palm oil imports rose 1.9% from the previous month to 886,000 metric tons, estimates from dealers showed.

January 3, 2024 11:33 IST

Heightened risks for oil: Downtrend in prices could swiftly reverse if the Hamas-Israel war escalates to the region

The downtrend in oil prices perhaps reflected an assumption that the conflict will not engulf the West Asian region that…

January 3, 2024 03:00 IST

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Jaw-dropping, this: Arthritis can affect joints like the jaw also, and not just knees

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Jaw arthritis, also known as temporomandibular joint (TMJ) arthritis, can cause pain, stiffness, and difficulty chewing or speaking. It can develop due to aging, injury, or stress, and is less common than in weight-bearing joints. Regular dental check-ups and healthy habits can prevent and manage jaw arthritis, while remedies like warm compresses, exercises, stress management can provide relief.

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