Business Standard

Page 20 - Oil Prices

Oil prices increase for fourth day amid energy crunch

Brent crude was up 21 cents or 0.3% at $83.86 a barrel at 0632 GMT

Oil prices increase for fourth day amid energy crunch
Updated On : 12 Oct 2021 | 2:41 PM IST

Oil slips, takes breather after gains driven by global energy crisis

Oil prices edged lower on Tuesday, dropping for the first time in four days in what analysts called a breather after weeks of gains

Oil slips, takes breather after gains driven by global energy crisis
Updated On : 12 Oct 2021 | 11:26 AM IST

Brent crude trades near $85-mark; experts expect further rise

"Oil prices are likely to continue climbing in the short term," said Commerzbank analyst Carsten Fritsch

Brent crude trades near $85-mark; experts expect further rise
Updated On : 11 Oct 2021 | 11:27 PM IST

Oil drives Indian rupee lower, 10-year yield to 18-month high

India imports 80% of its oil needs and high prices result in increased imported inflation and have a spiralling impact on the prices across other sectors.

Oil drives Indian rupee lower, 10-year yield to 18-month high
Updated On : 11 Oct 2021 | 4:53 PM IST

Oil rises 4% in week as energy crunch shows no signs of easing

Oil rose on Friday, gaining about 4% on the week as a global energy crunch boosted US prices to their highest in almost seven years as big power users struggle to meet demand

Oil rises 4% in week as energy crunch shows no signs of easing
Updated On : 09 Oct 2021 | 2:54 AM IST

Indian Rupee slumps 20 paise to close at 74.99 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.06 per cent lower at 94.15.

Indian Rupee slumps 20 paise to close at 74.99 against US dollar
Updated On : 08 Oct 2021 | 5:22 PM IST

Oil climbs on switch from gas and doubts over US releasing reserves

Analysts said the surge in gas prices and the extent of fuel switching from gas to oil will be the key factor to watch now

Oil climbs on switch from gas and doubts over US releasing reserves
Updated On : 08 Oct 2021 | 8:27 AM IST

Oil prices ease as US mulls strategic reserve sales

Oil prices extended losses from the previous session on Thursday, as the United States said it was considering selling oil from its strategic reserves

Oil prices ease as US mulls strategic reserve sales
Updated On : 07 Oct 2021 | 7:24 PM IST

Oil drops for second session on unexpected rise in US inventories

Oil prices dropped for a second session Thursday, under pressure from an unexpected rise in U.S. crude stocks that raised concerns over demand after prices rallied to multi-year highs.

Oil drops for second session on unexpected rise in US inventories
Updated On : 07 Oct 2021 | 10:29 AM IST

Saudi Aramco hits $2-trn valuation on back of higher oil prices

Saudi Arabia's oil company Aramco reached a $2 trillion valuation as it hit near record levels Wednesday during trading hours. Its market cap value puts Aramco just behind Microsoft and Apple as the world's most valuable company. It comes as crude oil prices climb to over $82 a barrel, the highest in seven years. Demand for energy is picking up, despite the ongoing coronavirus pandemic's continued toll on travel and other key gas-guzzling sectors. Aramco is mostly owned by the government of Saudi Arabia, with just under 2% of the company publicly listed on the Saudi Tadawul stock exchange. Aramco was trading at around 37.6 riyals a share, or a few cents over $10 a share, by midday Wednesday before dipping to 37.2 riyals a share, or around $9.92 a share. It remains to be seen whether it can hold this rally until trading closes. Saudi Crown Prince Mohammed bin Salman was the architect behind the effort to publicly list a sliver of Aramco in late 2019, touting it as a way to raise ..

Saudi Aramco hits $2-trn valuation on back of higher oil prices
Updated On : 06 Oct 2021 | 9:47 PM IST
Updated On : 06 Oct 2021 | 5:57 PM IST

Asia scrambles to stock up fuel as prices spike in global energy crunch

An electricity crisis is roiling energy markets from Europe to Asia, with fuels that can be used for heating or power in high demand.

Asia scrambles to stock up fuel as prices spike in global energy crunch
Updated On : 06 Oct 2021 | 8:12 AM IST

Fuel prices linked to global rates; Centre, states have to handle: FM

Petrol and diesel prices on Tuesday surged to all-time high levels as rates were increased again after international oil prices hit the highest mark since 2014

Fuel prices linked to global rates; Centre, states have to handle: FM
Updated On : 06 Oct 2021 | 2:51 AM IST

Oil holds near 3-year highs after OPEC+ keep tight control of taps

Oil prices have already surged more than 50% this year

Oil holds near 3-year highs after OPEC+ keep tight control of taps
Updated On : 05 Oct 2021 | 3:26 PM IST

Asian stocks fall to near 1-year low as oil prices stoke inflation worries

MSCI's broadest index of Asia-Pacific shares outside Japan dropped as much as 1.3%, falling for a third consecutive session

Asian stocks fall to near 1-year low as oil prices stoke inflation worries
Updated On : 05 Oct 2021 | 9:46 AM IST

Petrol, diesel price rise on hold after 4 consecutive days of hike

Petrol and diesel prices remained unchanged on Monday after the pump prices of both fuels rose simultaneously for four consecutive days taking up its retail rates by over Rs 1 per litre

Petrol, diesel price rise on hold after 4 consecutive days of hike
Updated On : 04 Oct 2021 | 10:55 AM IST

Five-week winning run of indices ends amid rise in bond yields, oil prices

The broader Nifty50 declined 86.10 points or 0.49 per cent to close at 17,532.05

Five-week winning run of indices ends amid rise in bond yields, oil prices
Updated On : 02 Oct 2021 | 12:51 AM IST

Rising US bond yields, oil price trim September stock market gains

After surging 5%, the Sensex ends the month only 2.7% up

Rising US bond yields, oil price trim September stock market gains
Updated On : 01 Oct 2021 | 1:21 AM IST

The oil risk

Higher prices may delay economic recovery

The oil risk
Updated On : 30 Sep 2021 | 11:00 PM IST

Oil prices dip below $74 with global power crunch in focus

Futures in New York pared earlier gains as the dollar erased losses

Oil prices dip below $74 with global power crunch in focus
Updated On : 30 Sep 2021 | 8:32 PM IST