Page 2 - Oil Prices

Aramco's profits surge 80% in Q1 as company cashes in on global volatility

Saudi Aramco's profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices

Oil rallies after 10% slide over 2 days as Russia gas flow to Europe falls

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces.

Oil prices tumble over 1% on global economic worries, strong dollar

The fall in oil prices reflected trends in global financial markets as investors shed riskier assets on worries about higher interest rates and their impact on economic growth.

Oil prices, equities tumbles about 6% as China Covid lockdowns weigh

Global financial markets have been spooked by concerns over interest hikes and recession worries as tighter and wider Covid lockdowns in China led to slower export growth in the country in April

Saudis cut oil prices from record highs amid Covid-19 lockdowns in China

Saudi Aramco is lowering prices for the first time in four months

Oil prices climb 1% after US crude, fuel stocks signal tighter supply

The gains come on the back of news from Tuesday that the European Union is working on new sanctions against Russia for waging war on Ukraine that will target Moscow's oil industry.

Oil prices fall on China growth worries, EU weighs Russian crude ban

Markets in Japan, Britain, India and across Southeast Asia were closed for public holidays on Monday

Oil extends gains as supply fears outweigh China Covid lockdowns

Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped Covid-19 lockdowns in China

Markets rally as global sentiment improves; Sensex, Nifty rise 1.2%

Both foreign portfolio investors (FPIs) as well as domestic institutions were net buyers on Thursday

Oil prices edge lower as mass coronavirus testing begins in China

China's capital Beijing reported 48 new symptomatic and 2 new asymptomatic COVID-19 cases for April 27

China's Covid curbs spook global markets; Sensex, Nifty tumble over 1%

Brent crude oil prices dropped close to 5 per cent due to demand concerns following news that lockdowns were spreading to Beijing

Oil dips over 6% on growing worries about global energy demand outlook

Brent futures fell $6.63, or 6.22 per cent, to $100 a barrel by 9.55 pm IST. US West Texas Intermediate (WTI) crude fell $6.15, or 6.03 per cent, to $95.92

Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink

CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent

Oil edges higher on concerns over Russia, Libya supply disruption

Buyers also reacted to ongoing interruptions in Libya, which is losing more than 550,000 barrels per day of oil output due to blockades at major fields and export terminals

Why India slips up on oil

Veteran energy sector journalist Richa Mishra sets out to answer why India has fallen short in extracting oil or gas from its shores

Oil prices rise as investors focus on lower supply from Russia, Libya

Analysts said market volatility is likely to pick up again soon, with the EU still weighing a ban on Russian oil for its invasion of Ukraine

Oil prices rebound after sharp losses as supply concerns dominate

Brent crude futures rose 98 cents, or 0.9%, to $108.23 a barrel by 0400 GMT while the front-month WTI crude futures contract, which expires on Wednesday, rose 94 cents, or 0.9%, to $103.50 a barrel

Earnings boost Wall Street while economic growth fears sink oil prices

Of the 49 companies in the S&P 500 that have reported quarterly earnings as of Tuesday, nearly 80% have topped profit estimates, per Refinitiv data

Oil falls 5% to 107.25 dollar per barrel after IMF cuts growth outlook

Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65, or 5.22%, to settle at $102.56 a barrel

Wall Street higher on earnings hopes, oil prices drop on growth fears

Brent crude was last down 4.87% at $107.65 a barrel, while U.S. crude was last down 4.91% at $102.9 per barrel