Page 23 - Crude Oil Price

Oil set for weekly loss on possible Iran supply after nuclear talks

Iran and world powers have been in talks since April on reviving the 2015 deal

India to look to OPEC once oil demand recovers after Covid second wave

India's oil demand growth is set to be just 350,000 barrels per day (b/d) in 2021, according to S&P Global Platts Analytics, given extreme consumption weakness in April and May

Oil slides from 2-month high on report of potential Iran nuclear deal

NEW YORK (Reuters) -Oil slid nearly 2% on Tuesday, tumbling from a two-month high, after media reports said the United States and Iran have made progress on reviving a deal restricting Iran's nuclear weapons development, that could release more barrels into the market.

Gold scales a near four-month high; Brent crude tops $70 a barrel

Gold in Delhi rose by Rs 333 to Rs 47,833 per 10 gram in line with a rally in the global precious metal, according to HDFC Securities

Oil hits $70 for first time since March 15 as Europe, US re-open economies

Europe, US reopening optimism offset by pandemic concerns in Asia; speculation of Iran nuclear deal revival limits upside

Oil extends gains as US, European reopenings outweigh fear of Asia demand

Brent crude oil futures were up 20 cents, or 0.3 per cent, at $69.66 a barrel by 0231 GMT, while West Texas Intermediate (WTI) was up 19 cents, or 0.3 per cent, at $66.46 a barrel

WPI inflation hits double digits in April at 10.49%; crude prices harden

The wholesale price-based inflation shot up to an all-time high of 10.49% in April, on rising prices of crude oil and manufactured items

Platts cuts India's 2021 oil demand by 28%; sees crude topping $70

However, once the lockdowns are lifted, Platts expects the pent-up demand to get released, which in turn will act as a catalyst for economic growth

Oil prices climb on drop in US oil stockpiles; solid demand outlook

Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC's robust demand outlook

Occidental Petroleum loss narrows as chemicals, oil exports gain

The company benefited from a rebound in oil prices, up about 23% during the first quarter, as fuel demand recovered after being decimated last year by lockdowns

Global oil prices edge up as investors eye fuel demand recovery

Oil prices edged up in early Asian trade after a 1% dip in the previous session, as global economic recovery and easing travel curbs in the United States and Europe buoyed the fuel demand outlook

Oil prices fall as U.S. gasoline stocks rise for fifth consecutive week

Oil prices fell on Thursday as gasoline inventories in the US, the world's largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices

Oil nears $70 as data shows bigger-than-expected drop in US crude stocks

Brent crude futures were up 49 cents, or 0.7 per cent, at $69.37 barrel after touching a more than seven-week high of $69.78 earlier in the session

Saudi Aramco's first-quarter profits up by 30% amid higher crude oil prices

Aramco is more than 98 per cent owned by the Saudi government

Oil prices firm as US, Europe growth prospects counter India concerns

Oil prices extended gains on Tuesday as more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as Covid cases soar

Crude oil jumps above $64, marking one year of crash below zero

West Texas Intermediate advanced 1.3 per cent, adding to Monday's modest climb as the dollar weakened, while production in Libya fell below 1 million barrels a day amid a budget dispute

Crude oil refinery output falls 11% in FY21 on Covid-led demand destruction

Crude oil and natural gas production also declines

Oil prices rise to one-month high on weak dollar, fall in US inventory

Buyers using other currencies pay less for dollar-denominated oil when the greenback weakens

Oil steadies as dollar slumps but Covid-19 pandemic surge weighs

Brent crude was down 4 cents, at $66.73 a barrel by 11:06 AM ET (1506 GMT), after rising 6% last week

Jet fuel price cut by 1% amid softening international crude oil prices

This is the second reduction in rates this month