Page 25 - Oil Prices

India's new oil minister dials OPEC countries as higher fuel prices pinch

New Oil Minister Hardeep Singh Puri has made phone calls to key OPEC nations to convey the desire for an affordable price for consumers.

Oil prices decline, heading for biggest weekly drop since month of May

Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output

Oil falls over 1%; extends losses as investors brace for more supplies

Oil prices fell more than 1% on Thursday, extending losses as investors braced for more supplies following a compromise between top OPEC producers and as US fuel stocks rose

Oil minister Puri dials UAE, others for affordable oil prices for consumers

India's new Petroleum Minister Hardeep Singh Puri has started dialling oil-producing nations to impress upon them for a need to make prices affordable for consumers.

Top headlines: RBI setback to Mastercard; Infosys Q1 net profit rises 23%

Here are the top stories of the day

Oil prices drop after Saudi Arabia and UAE reach output compromise

Under the compromise with Saudi Arabia, the UAE's baseline production will rise to 3.65 million barrels per day after the current pact expires in April 2022

Oil prices slip as drop in Chinese crude imports rings alarms on demand

Oil prices fell on future demand concerns after data showed that China's first-half crude imports dropped, but were still holding near a one-week high

Oil prices rise on expectations of decline in US crude inventories

Oil rose on Tuesday, recovering from previous day's drop, as expectations of further declines in US crude inventories outweighed fears that spreading Covid-19 variants could derail global recovery

Oil prices fall as economic worries offset tightening crude supplies

Oil prices fall as economic worries offset tightening crude supplies

Oil prices slip as slowing progress worries offset tightening supplies

Crude futures slipped as considerations over slowing international progress outweighed the prospect of tightening provide after talks amongst key producers to lift output in coming months stalled

Oil prices rise for second consecutive day as US inventories decline

Signs of strong Asian demand from both China and India also strengthened the market

Oil prices climb on US inventories draw; OPEC+ impasse caps gains

Brent crude oil futures were up 27 cents, or 0.4%, at $74.39 a barrel by 0644 GMT

Oil mixed as US crude, gasoline inventories draw offset by OPEC+ standoff

Oil prices were mixed after a boost from a drop in US crude and gasoline inventories, but were still set for a weekly decline on concerns that an OPEC+ impasse could swell global crude supplies

Oil prices fall in volatile trade as investors seek OPEC+ clarity

Oil prices fell more than $1 a barrel on Wednesday in another seesaw trading session, as investors feared what this week's collapse in Opec+ talks meant for worldwide production

Rupee declines 7 paise to close at 74.62 against US dollar as oil rises

A stronger dollar and rising crude oil prices weighed on investor sentiment.

Oil rises to $75 after tumble but OPEC+ uncertainty clouds outlook

A failure of OPEC+ talks on Monday means a planned output rise for August has yet to be agreed

Oil price gains threaten central banks' transitory inflation narrative

OPEC+ brinkmanship has taken oil prices towards $80 a barrel, the highest since 2018, threatening to upend central banks' transitory inflation narrative as well as the post-pandemic economic recovery

Oil prices steady after steep drop as market awaits OPEC+ clarity

Brent crude was up 3 cents at $74.56 a barrel by 0115 GMT, after slumping more than 3% on Tuesday. US oil was up 7 cents at $73.44 a barrel, having declined by more than 2% in the previous session

WTI crude hits 6-year high, Brent nears $78 as OPEC+ talks collapse

OPEC+ talks collapse after Saudi-UAE clash; White House urges compromise to allow output increase

Oil rises further on hopes of tighter supply as OPEC+ talks abandoned

Oil prices rose slightly on Tuesday after the previous day's rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off