Page 37 - Oil Prices

Volatile oil prices poised for second monthly decline on Covid-19 concerns

US West Texas Intermediate (WTI) crude fell 47 cents to $35.71 after dipping to its lowest since June on Thursday at $34.92

Petrol, diesel prices on freeze: IOC says international trend range-bound

State-owned Indian Oil Corp (IOC) on Friday said international oil prices have been range-bound in the last few weeks, warranting no revision in retail petrol and diesel rates.

Oil plunges over 5% as pandemic surges, US crude stockpiles, output soar

Also weighing on the market, US crude stockpiles rose more than expected last week as production surged in a record build

BP reports net profit at $100 million in Q3 on stronger oil prices

Compared with a forecast of a loss of $120 million in a company-provided survey of analysts

GAIL, ONGC look to firm up strategies for low oil and gas price regime

India aims to more than double its gas consumption by 2030

Libya reopens last of its major oil fields in another blow to OPEC+

Oil drops as Libya's NOC lifts force majeure on El Feel field

Oil prices fall on rising Covid-19 cases, Libya's fast growing production

On the supply side, Libya's National Oil Corp (NOC) said it had lifted force majeure on the El-Feel oilfield.

Oil prices extend losses on surge in Covid cases, increasing Libyan output

Brent LCOc1 was down 80 cents, or 1.9%, at $40.97 by 1121 GMT. U.S. West Texas Intermediate (WTI) dropped 82 cents, or 2.1%, to $39.03. Both contracts fell almost 2.5% last week

Oil falls about 2% on Libyan crude output, coronavirus demand concerns

US crude settled at $39.85 a barrel, falling 79 cents, or 1.9 per cent

Oil prices slide as US inventory report reflects demand weakness

Brent crude futures settled at $41.73 a barrel, down $1.43, or 3.3 per cent

Oil prices decline with OPEC+ warning of precarious market outlook

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition's committee meeting on Monday, called on the group to be proactive in the face of uncertain demand

Oil prices slip on rising coronavirus cases, oversupply and demand concerns

COVID-19 cases topped 40 million on Monday, according to a Reuters tally, with a growing second wave in Europe and North America sparking various degrees of lockdown measures

Oil prices decline after China September quarter growth disappoints

The world's second-largest economy in the third quarter expanded by 4.9% from a year earlier

Oil dips on prolonged second wave of Covid-19, fears of more supply

Brent crude futures fell 23 cents to settle at $42.93 a barrel, and US West Texas Intermediate (WTI) crude futures dropped 8 cents to settle at $40.88 a barrel

US election outcome, Libyan crude return can change oil market dynamics

The fragile state of US shale producers could mean the majority of supply growth next year will be driven by OPEC+

Oil prices fall further as Donald Trump tests positive for coronavirus

Brent crude slipped on the news and was down 78 cents, or 1.9%, at $40.53 a barrel at 0516 GMT. U.S. oil was 79 cents, or 2%, lower at $37.93

Oil gains 1% on economic hope; coronavirus fears check price gains

Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22%

Oil rises 1% on economic hope; coronavirus fears check price gains

Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22 per cent. US West Texas Intermediate settled at $40.60 a barrel, rising 35 cents, or 0.87 per cent

Govt plans floor price for domestic natural gas amid falling prices, demand

Relief for producers as prices and demand falling globally

Oil falls 5% as economic outlook dims with rising coronavirus cases

Crude oil followed other equities and commodities markets in turning risk-averse on Monday as rising Covid-19 infection rates in Europe and other countries prompted renewed lockdown measures