Business Standard

Page 13 - Crude Oil Price

China so far non-committal to Washington's oil release, OPEC+ unmoved

US plans to release millions of barrels of oil from strategic reserves in coordination with other large consuming nations, including China, Japan and India.

China so far non-committal to Washington's oil release, OPEC+ unmoved
Updated On : 25 Nov 2021 | 6:33 AM IST

Will oil prices cool off after tapping Strategic Petroleum Reserves?

The US will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to control oil prices. But will this be enough? Let's find out

Will oil prices cool off after tapping Strategic Petroleum Reserves?
Updated On : 25 Nov 2021 | 8:00 AM IST

Oil mixed, investors sceptical about effectiveness of joint reserve release

TOKYO (Reuters) -Oil prices largely held gains Wednesday, with investors sceptical about the effectiveness of a U.S.-led coordinated release of stocks from strategic reserves and turning their focus to the next step by oil producers.

Oil mixed, investors sceptical about effectiveness of joint reserve release
Updated On : 24 Nov 2021 | 11:01 AM IST

Beijing 'has upper hand' as US asks to release oil reserves: China Daily

China's state reserve bureau later said it is working on a release of crude oil reserves but declined to comment on the U.S. request.

Beijing 'has upper hand' as US asks to release oil reserves: China Daily
Updated On : 24 Nov 2021 | 10:31 AM IST

Oil prices drop as coordinated reserve release eases some supply fears

U.S. West Texas Intermediate (WTI) crude futures fell 12 cents, or 0.2%, to $78.38 a barrel at 0122 GMT, reversing out of a 2.3% gain in the previous day

Oil prices drop as coordinated reserve release eases some supply fears
Updated On : 24 Nov 2021 | 9:48 AM IST

Wall Street shares mixed as traders position for rate hikes, oil jumps

European shares slumped to a three-week low during their biggest daily loss in nearly two months as a resurgence in COVID-19 cases raised fears of tighter restrictions.

Wall Street shares mixed as traders position for rate hikes, oil jumps
Updated On : 24 Nov 2021 | 9:04 AM IST

US marshals other nations, challenges OPEC+ with release of oil reserves

WASHINGTON (Reuters) - The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

US marshals other nations, challenges OPEC+ with release of oil reserves
Updated On : 24 Nov 2021 | 7:25 AM IST

Goldman Sachs says global oil reserves release 'a drop in the ocean'

Global oil prices rebounded to a one-week high on Tuesday after the move by the United States and other consumer nations to release oil from strategic petroleum reserves

Goldman Sachs says global oil reserves release 'a drop in the ocean'
Updated On : 24 Nov 2021 | 7:22 AM IST

India's crude oil production falls 2.15% in October, gas output rises

India's crude oil production fell 2.15% in October as state-owned firms produced less but, natural gas output rose by a quarter on the back of output from KG-D6 fields of Reliance-BP

India's crude oil production falls 2.15% in October, gas output rises
Updated On : 23 Nov 2021 | 6:39 PM IST

Top headlines: PMC Bank depositors kept waiting, US set to release oil

Cabinet secy-led panel to take call on more allocation to PLI pharma; After farm Acts' repeal, govt may table seeds Bill in Winter Session. More in today's top headlines

Top headlines: PMC Bank depositors kept waiting, US set to release oil
Updated On : 23 Nov 2021 | 8:07 AM IST

Oil prices settle up 1% on reports OPEC+ could reassess output

NEW YORK (Reuters) -Oil prices rose on Monday, rebounding from recent losses, on reports that OPEC+ could adjust plans to raise oil production if large consuming countries release crude from their reserves or if the coronavirus pandemic dampens demand.

Oil prices settle up 1% on reports OPEC+ could reassess output
Updated On : 23 Nov 2021 | 6:59 AM IST

US set to release oil from reserve, will partner with India and others

The move, likely in conjunction with India, Japan and South Korea, would be an unprecedented effort by major oil consumers to tame prices.

US set to release oil from reserve, will partner with India and others
Updated On : 23 Nov 2021 | 6:17 AM IST

India working on ways to release of oil reserves after US request

India is working on ways to release crude oil from its strategic storages in tandem with other major economies to dampen prices, a top government official said

India working on ways to release of oil reserves after US request
Updated On : 22 Nov 2021 | 8:24 PM IST

Oil prices off 7-week lows but under pressure as release of reserves eyed

Brent lost 26 cents, or 0.3%, to $78.63 a barrel as of 0725 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 12 cents, or 0.2%, at $75.82 a barrel

Oil prices off 7-week lows but under pressure as release of reserves eyed
Updated On : 22 Nov 2021 | 2:12 PM IST

Oil hits 7 week-low amid expectations on supply release, Europe Covid surge

Crude oil fell to seven-week lows on Monday, extending declines after the previous session's slide

Oil hits 7 week-low amid expectations on supply release, Europe Covid surge
Updated On : 22 Nov 2021 | 8:10 AM IST

Buy gold on dips in the short term as a hedge against rising prices

Amid a global surge in inflation and rising crude oil prices, markets expect central banks to hike interest rates sooner than expected

Buy gold on dips in the short term as a hedge against rising prices
Updated On : 21 Nov 2021 | 11:18 PM IST

Oil dives 3% to below $80/bbl on resurgent pandemic in Europe

NEW YORK (Reuters) - Oil prices fell about 3% to below $80 a barrel on Friday as surging COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices.

Oil dives 3% to below $80/bbl on resurgent pandemic in Europe
Updated On : 20 Nov 2021 | 2:48 AM IST

Oil drops below $80 on amid fresh surge of Covid-19 cases in Europe

Brent crude was down $2.44, or 3%, at $78.80 a barrel by 1110 GMT, its lowest since early October, after earlier rising to as high as $82.24

Oil drops below $80 on amid fresh surge of Covid-19 cases in Europe
Updated On : 19 Nov 2021 | 5:31 PM IST

Oil prices stabilise after swings on prospect of crude stockpiles release

Brent crude was up 28 cents or 0.3% at $81.52 a barrel by 0145 GMT, after falling to a six-week low on Thursday before rebounding to close 1.2% higher.

Oil prices stabilise after swings on prospect of crude stockpiles release
Updated On : 19 Nov 2021 | 9:00 AM IST

Oil hovers above six-week low as China readies crude reserve release

Prices fell to the six-week lows early in the session as China said it was moving to tap reserves

Oil hovers above six-week low as China readies crude reserve release
Updated On : 19 Nov 2021 | 2:21 AM IST