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Crude Oil Price

Oil price edges higher on tight supply and expected demand uplift

LONDON (Reuters) -Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world's biggest crude consumer.

Updated On: 02 Aug 2023 | 10:15 AM IST

Reliance price climbs on tight supply, prospect of EU ban on Russian supply

LONDON (Reuters) -Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.

Updated On: 01 Aug 2023 | 5:14 PM IST

My aim is to save Sri Lanka, not a 'person or family': PM Wickremesinghe

US dollars will be sourced from open markets to pay for petrol and crude, says veteran politician.

Updated On: 30 Jan 2023 | 2:58 PM IST

Oil retreats as China's stimulus package fails to allay concerns

Beijing rolls out measures to try to support Covid-hit economy

Updated On: 25 May 2022 | 2:18 AM IST

Nitish lauds Centre for petrol price cuts, says his govt will do needful

Nitish Kumar on Sunday lauded the Centre for the reduction in excise duty on petrol and diesel and hinted that his government might do its bit after due deliberations, raising hopes of further relief.

Updated On: 22 May 2022 | 11:57 PM IST

Oil swings wildly, rebounds to gains from steep losses in early hours

NEW YORK (Reuters) - Oil prices rebounded from earlier losses in another volatile session on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.

Updated On: 19 May 2022 | 11:30 PM IST

Oil prices recoup losses based on renewed supply worries, dollar weakness

NEW YORK (Reuters) -Oil prices rebounded from earlier losses on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global energy supply, and as the dollar retreated from recent gains.

Updated On: 19 May 2022 | 11:15 PM IST

Oil prices recoup early losses on China hopes, global supply fears

TOKYO (Reuters) -Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.

Updated On: 19 May 2022 | 4:33 PM IST

Asian companies to ramp up petrol exports to US as sky-high prices beckon

JPMorgan Chase & Co forecast this week that American gasoline could surge to as high as $6.20 a gallon by August

Updated On: 19 May 2022 | 10:18 AM IST

Oil prices rise on China demand recovery expectations, supply concerns

LONDON (Reuters) - Oil prices rose on Wednesday on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew.

Updated On: 18 May 2022 | 4:50 PM IST

Oil hits seven-week high amid EU push for ban on Russian crude imports

LONDON (Reuters) - Oil hit its highest in seven weeks on Tuesday, supported by the European Union's ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of China's COVID lockdowns.

Updated On: 17 May 2022 | 4:11 PM IST

Russian pipeline sanctions raise fear of interruption in gas supplies

Natural gas prices rose Friday after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe, citing new sanctions that Moscow imposed on European energy companies.

Updated On: 13 May 2022 | 9:09 PM IST

Oil prices under pressure amid recession fears dogging financial markets

, LONDON (Reuters) -Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

Updated On: 12 May 2022 | 8:04 PM IST

Oil slips more than 2% on as recession fears spreads to financial markets

, LONDON (Reuters) -Oil prices dropped more than 2% on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.

Updated On: 12 May 2022 | 4:26 PM IST

Bias turns negative for MCX Crude Oil; Natural Gas futures may consolidate

The MCX Crude Oil futures may test Rs 7,540-odd level this week; while on the upside MCX Natural Gas May futures are likely to face resistance around Rs 590.

Updated On: 11 May 2022 | 2:52 PM IST

India's fuel sales moderate in April, fall 4% MoM at 18.6 mn tonnes

(Reuters) - India's fuel consumption moderated and slipped 4% in April from the previous month, data showed on Tuesday, as elevated domestic prices slowed activity

Updated On: 11 May 2022 | 12:06 AM IST

Oil prices drop with demand outlook pressured, strong dollar

HOUSTON (Reuters) - Oil prices fell $1 on Tuesday, with the demand outlook pressured by coronavirus lockdowns in China and growing recession risks, while a strong dollar made crude more expensive for buyers using other currencies.

Updated On: 10 May 2022 | 10:29 PM IST

Wall Street set to open higher, oil prices extend losses for second day

European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again after Monday's sharp falls, but fears over economic growth still weighed on markets

Updated On: 10 May 2022 | 5:04 PM IST

MCX Crude Oil futures seem range-bound; Bias positive for Natural Gas

The MCX Natural Gas May futures are likely to trade with a bullish bias in May as long as the commodity holds above Rs 576-level.

Updated On: 04 May 2022 | 11:33 AM IST

In a first, RBI may have to explain to govt why it couldn't curb inflation

Retail inflation has overshot the 6% upper tolerance limit for three years on the trot; experts say protracted Ukraine war and other factors may keep prices up

Updated On: 27 Apr 2022 | 2:21 PM IST