Business Standard

Page 49 - Oil Prices

Oil prices rise to $60.65 a barrel after reports of Iranian tanker attack

Brent crude futures LCOc1 gained $1.31, or 2.2%, to $60.41 a barrel by 11:27 a.m. EDT (1527 GMT), after earlier reaching a session high of $60.65 a barrel

Oil prices rise to $60.65 a barrel after reports of Iranian tanker attack
Updated On : 11 Oct 2019 | 11:45 PM IST

Oil heads for weekly gain of more than 7% amid rising West Asia tensions

For the week, Brent was set to rise 7.7%, its biggest gain since January, while WTI was on track for a 7.2% increase, the most since June

Oil heads for weekly gain of more than 7% amid rising West Asia tensions
Updated On : 20 Sep 2019 | 10:20 PM IST

Oil may touch $100/barrel if Saudi fails to resume oil supply: Analysts

Industry sources have said it may take weeks to bring production fully online

Oil may touch $100/barrel if Saudi fails to resume oil supply: Analysts
Updated On : 18 Sep 2019 | 11:18 AM IST

India's BPCL buys US crude set to arrive in China after new tariffs kick in

Six tankers carrying about 12 million barrels of US crude were on the way to China at the time of the announcement of new tariffs

India's BPCL buys US crude set to arrive in China after new tariffs kick in
Updated On : 05 Sep 2019 | 8:49 PM IST

Oil steadies near $56 a barrel as US and China plan further talks

On Iran, the US hinted that more measures are coming after imposing new sanctions, while deflecting questions about French diplomatic efforts meant to help the Persian Gulf producer restart oil sales

Oil steadies near $56 a barrel as US and China plan further talks
Updated On : 05 Sep 2019 | 8:49 PM IST

Oil in longest losing run in five weeks as US-China trade war deepens

Oil had rallied by more than 10 per cent from a low in early August, as relations between the US and China appeared to be improving, before it started falling last Wednesday

Oil in longest losing run in five weeks as US-China trade war deepens
Updated On : 26 Aug 2019 | 2:16 PM IST

Oil falls 3% to below $58 a barrel as recession worries weigh on prices

Global benchmark Brent crude fell as much as $1.81, or 3%, to $57.67 a barrel and by 1117 GMT was down $1.57 at $57.91. U.S. crude fell $1.03 to $54.20

Oil falls 3% to below $58 a barrel as recession worries weigh on prices
Updated On : 15 Aug 2019 | 6:05 PM IST

Saudi Aramco's H1 2019 net income slips to $46.9 bn on lower oil prices

The fall in income, owing to lower oil prices, comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing

Saudi Aramco's H1 2019 net income slips to $46.9 bn on lower oil prices
Updated On : 12 Aug 2019 | 3:10 PM IST

Oil prices drop as US-China trade war concerns hit demand outlook

The US-China trade dispute rocked global equity markets last week, while a surprise build in US crude stocks added downward pressure to oil prices

Oil prices drop as US-China trade war concerns hit demand outlook
Updated On : 12 Aug 2019 | 8:50 AM IST

Oil crashes 6% as Trump announces additional tariffs on Chinese imports

A prolonged trade war between the world's two largest economies has triggered worries about oil demand

Oil crashes 6% as Trump announces additional tariffs on Chinese imports
Updated On : 02 Aug 2019 | 12:17 AM IST

How Persian Gulf conflict could impact the international commodities market

Japan, India and South Korea would be some of the most vulnerable economies to a Persian Gulf war due to their heavy dependence on the region's crude

Image
Updated On : 20 Jul 2019 | 11:10 PM IST

Don't see major rise in oil prices due to slowing demand, market glut: IEA

IEA's Fatih Birol also said that electric vehicles are not expected to make a dent on crude demand in India and elsewhere

Don't see major rise in oil prices due to slowing demand, market glut: IEA
Updated On : 19 Jul 2019 | 11:43 AM IST

OPEC extends oil supply cut to prop up prices as economy weakens

Fears about weaker global demand as a result of a US-China trade spat have added to the challenges

OPEC extends oil supply cut to prop up prices as economy weakens
Updated On : 02 Jul 2019 | 1:50 AM IST
Updated On : 01 Jul 2019 | 11:38 AM IST

Piracy, collisions, missiles: Oil tankers navigate troubled waters in Gulf

Around 60 million barrels of petroleum product move each day on the seas globally, according to the US Energy Information Administration

Piracy, collisions, missiles: Oil tankers navigate troubled waters in Gulf
Updated On : 15 Jun 2019 | 1:51 AM IST

Oil prices leap nearly 4% after attacks on tankers in Gulf of Oman

The Front Altair, carrying petrochemical feedstock, was on fire in waters between Gulf Arab states and Iran after an explosion that a source blamed on a magnetic mine

Oil prices leap nearly 4% after attacks on tankers in Gulf of Oman
Updated On : 13 Jun 2019 | 11:57 PM IST

Securing an energy lifeline for the nation

India has come a long way since 1990, having built a Strategic Reserve and acquired oil assets in over 25 foreign countries

Image
Updated On : 08 Jun 2019 | 9:20 PM IST

Oil prices steady as Saudi Arabia indicates prolonged supply cuts

Concerns that US tariffs on Mexico would dent crude demand limited gains

Oil prices steady as Saudi Arabia indicates prolonged supply cuts
Updated On : 03 Jun 2019 | 11:09 PM IST

How one village in Russia became epicentre of an international oil scandal

The node in Nikolayevka, now a crime scene, had a capacity to move as much as 40,000 tons a month, or about 1,300 tons a day

How one village in Russia became epicentre of an international oil scandal
Updated On : 19 May 2019 | 1:41 PM IST

Oil prices gain 2%, moves towards $73 on heightened tensions in West Asia

Iraq's oil minister Thamer Ghadhban said Thursday that international oil companies have said they are operating as normal in the country, Iran's direct neighbor

Oil prices gain 2%, moves towards $73 on heightened tensions in West Asia
Updated On : 16 May 2019 | 11:51 PM IST