Page 29 - Oil Prices

Oil prices dive $2 on fears of Asian pandemic, possible US rate hikes

Oil prices dropped over $2 a barrel on Wednesday to their lowest in three weeks, on worries that surging Covid-19 cases in Asia would dent demand for crude and US inflation fears

Oil prices fall on rising Covid-19 infections in Asia, inflation fears

Brent crude futures fell 85 cents, or 1.2 per cent, to $67.86 a barrel at 1005 GMT. It settled 1.1 per cent lower on Tuesday after briefly climbing above $70 earlier in the session

Oil prices fall on rising Covid-19 infections in Asia, inflation fears

Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears of rising inflation might lead the U.S. Federal Reserve to raise interest rates

Oil prices dip but recovery limits fall after fresh Asian restrictions

Brent crude fell 30 cents, or 0.4%, to $68.41 a barrel at 1302 GMT, and West Texas Intermediate (WTI) U.S. crude was down by 34 cents, or 0.5%, at $65.03.

Oil edges lower as Covid-19 restrictions in Asia fuel demand concerns

Brent crude oil futures were down 8 cents, or 0.1%, at $68.63 a barrel as of 0036 GMT, and West Texas Intermediate (WTI) crude was down 7 cents, or 0.1%, at $65.30

Iran gears up for return to global oil market as US talks advance

US and Iranian diplomats, currently negotiating via intermediary governments in Vienna, have signaled that an agreement is within reach

Oil prices drop as India's coronavirus crisis puts brakes on rally

Oil demand was already outstripping supply and the shortfall was expected to grow even if Iran boosted exports

Oil prices rise to 8-week high on demand hopes; US export decline

Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand

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

Oil gains after cyberattack forces shutdown of US fuel pipelines

Colonial Pipeline said on Sunday its main fuel lines remained offline after the attack that shut the system on Friday, but some smaller lines between terminals and delivery points were now operational

Rising global energy prices likely to turn the heat on Indian markets

Many will bear the brunt, except crude & gas producers and renewable firms

Oil rises 1% after cyber attack forces closure of US fuel jugular pipeline

Crude prices climbed more than 1% on Monday after a major cyber attack that forced the shutdown of critical fuel supply pipelines in the United States, highlighting the fragility of oil infrastructure

OMCs go on pause mode, petrol, diesel prices remain unchanged on Saturday

Petrol and diesel prices in the country remained unchanged on Saturday as oil marketing companies (OMCs) decided to pause the daily revision process and closely study global oil price movement

Oil climbs nearly 2% after eased lockdowns, travel seen rising,

Oil prices rose nearly 2% on Tuesday after more U.S. states eased lockdowns and the European Union sought to attract travellers, though soaring Covid-19 cases in India capped gains

Saudi Aramco beats first-quarter profit forecast, keeps dividend

Saudi Arabian state oil producer Aramco on Tuesday beat analysts' forecasts with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices

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

Oil climbs as demand optimism overshadows India Covid-19 infection worries

Vaccinations are expected to lift global oil demand, especially during peak travel season in the third quarter, prompting analysts to increase their forecasts for Brent prices for a fifth month

Oil prices increase, bullish demand outlook offsets India concerns

Oil prices increase, bullish demand outlook offsets India concerns

OPEC+ to meet Tuesday amid concern about rising coronavirus cases

OPEC is responsible for over a third of global production

Oil up, but gains limited amid demand concerns as India reels from Covid

Brent crude was up 40 cents, or 0.6%, at $66.05 a barrel by 0658 GMT