Page 21 - Oil Prices

Global energy crunch: Oil prices soar above $80 for first time in 3 years

Natural gas and coal prices rally to record peaks as traders brace for winter crunch

Goldman expects oil prices to hit $90 by year-end as supply tightens

Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80

Flaring crude oil price, entry of new players to hit IndiGo: Analysts

In the last one week alone, Brent crude oil prices have surged over 6 per cent to around $79 per barrel mark

Oil prices near highest since 2018 on global energy crunch

Various underlying oil market gauges are also pointing to a strengthening market

Oil rises from highest since 2018 with global markets tightening

The surge in natural gas prices is expected to force some consumers to switch to oil, tightening the market further ahead of the northern hemisphere winter.

OPEC nations warn of oil market turbulence from gas crisis

Iraq expects higher demand for crude as the shortfall of gas forces consumers to look for alternative fuels, Oil Minister Jabbar said

Oil prices down on stronger greenback, rising dollar, US rig count

Oil fell with the greenback near a three-week high following a rally on Friday on better-than-expected US retail sales data.

Oil prices fall as storm-hit US supply trickles back into market

Oil prices fell on Friday as energy companies in the US Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output

Rising energy prices spell gains for oil producers

ONGC, Oil India stand to gain, but downstream players may feel the heat

Oil slips to $75 as threat to US Gulf production from storm wanes

Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to US Gulf production from Hurricane Nicholas receded

Oil holds above $75 a barrel supported by drop in US crude inventories

U.S. crude inventories fell by 6.4 million barrels last week, more than the 3.5 million-barrel drop analysts expected

ONGC hits 52-week high, Oil India soars 5% amid jump in crude oil prices

Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States

Oil prices scale six-week high as Hurricane Nicholas hits US Gulf

Oil prices hit a six-week high on Tuesday as Hurricane Nicholas weakened into a tropical storm, bringing the threat of widespread floods and power outages

Oil extends gains on worries of US supply disruptions from another storm

Brent crude rose 15 cents, or 0.2% to $73.66 a barrel by 0048 GTM, having gained 0.8% the previous day

Oil prices rise to six-week high as US supply concerns dominate

Oil prices rose to a six-week high on Monday as US output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast

Oil prices rise to one-week high as US supply concerns dominate

Brent crude rose 62 cents, or 0.9%, to $73.54 a barrel at 0858 GMT

Oil rallies to $73 on tight US supplies due to Ida, Biden-Xi call

Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as US-China trade hopes gave riskier assets a boost

In a first, China taps strategic reserves to cool down oil prices

The announcement comes amid surging energy costs in China, not just for oil but also for coal and natural gas, and electricity shortages that have forced some factories to cut production

Oil steady; US gasoline demand offsets China move to tap oil stocks

Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic refiners and a smaller than expected US weekly crude draw

Oil prices gain for second session as lower US output supports

Brent added 26 cents, or 0.36% to $72.86 a barrel at 0616 GMT and West Texas Intermediate (WTI) crude rose 12 cents, or 0.17%, to $69.42 a barrel.