Page 31 - Oil Prices

Oil prices drop below $64 as rising OPEC+, Iranian output weighs

Oil has recovered from historic lows last year with the support of record OPEC+ cuts, most of which will remain after July

Oil price slips to $64 as rising OPEC+ supply, Iranian output weighs

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. Iran is also boosting supply

US resumes calls to Saudi Arabia as OPEC+ debates increase or rollover

Trump insisted OPEC raise production to prevent prices from spiking too high

Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts

Brent crude was down 50 cents, or 0.8%, at $64.48 a barrel by 0851 GMT. US oil was off by 58 cents, or 0.9%, at $60.98 barrel

Petrol rate cut by 22 paise, diesel by 23 paise as global oil prices soften

Petrol now costs Rs 90.56 per litre in Delhi and a litre of diesel comes for Rs 80.87

Oil price falls 1% after container ship blocking Suez Canal refloats

Prices also dropped as fuel demand in Europe remained weak after countries renewed lockdowns to curb a new wave of coronavirus infections.

Top headlines: Suez chaos eases; US futures fall over block trade fears

Business Standard brings you top news of the evening

Fall in global crude oil prices gives hope for dip in domestic fuel rates

Resultantly, global fears have resurfaced on the slowdown economic recovery due to this wave

Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez

Brent oil rose 58 cents, or 0.9%, to $65.15 a barrel by 1048 GMT. U.S. crude was up 40 cents, or 0.7%, at $61.37 a barrel

Oil prices slump as Suez Canal stuck container ship starts to move

Oil slipped around 2% after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week

Oil falls as Suez Canal ship partially refloated, market weighs demand

Crude has been hit by rising volatility in recent sessions, with WTI swinging between gains and losses last week

Addicted to cheap fuel, emerging markets face a climate dilemma

Around the world, countries spend a staggering $300 billion a year to keep a lid on fossil-fuel prices, stave off civil unrest and prop up their economies

India to buy oil from cheapest supplier on favourable terms, says Pradhan

UAE, Kuwait and Nigeria -- some of the biggest suppliers of oil to India -- are all OPEC members

Oil prices recover some ground on fears Suez blockage may last weeks

Oil reversed a sharp sell-off a day earlier to rise 1% on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude

Petrol price cut by 21 paise, diesel by 20 paise for second consecutive day

Petrol now costs Rs 90.78 per litre in Delhi and a litre of diesel comes for Rs 81.10

Oil gains more than $3/bbl after Suez Canal ship grounding

NEW YORK (Reuters) - Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.

Fuel prices cut for first time in a year ahead of Assembly elections

Reduction, which comes ahead of Assembly elections, may not last as crude oil prices rise with Suez Canal blockage

Oil extends losses in post-settlement trade on oversupply worries

Oil prices plunged about 6% on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness

Oil prices rise more than 2% but post weekly decline on demand fears

Oil rose more than 2% in volatile trading on Friday, but finished the week about 7% lower as a new wave of coronavirus infections across Europe dampened hopes that fuel demand would recover soon

Oil prices edge higher after sell-off driven by fuel demand concerns

Brent crude was up 31 cents, or 0.5%, at $63.59 a barrel