By: Bloomberg | Updated on: 08 Jul 2024, 06:52 AM Brent crude traded below $87 a barrel after four weeks of gains, with West Texas Intermediate above $83. Brent crude traded below $87 a barrel after four weeks of gains, with West Texas Intermediate above $83. (Getty Images via AFP) Oil steadied ahead of reports … Read more
By: Reuters | Updated on: 04 Jul 2024, 08:26 AM Brent crude futures rose $1.10, or 1.3%, to settle at $87.34 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained $1.07, or 1.3%, to $83. … Brent crude futures rose $1.10, or 1.3%, to settle at $87.34 a barrel. U.S. West Texas Intermediate (WTI) … Read more
By: Bloomberg | Updated on: 03 Jul 2024, 07:36 AM Brent crude traded above $86 a barrel after slipping 0.4% on Tuesday, with West Texas Intermediate around $83. Brent crude traded above $86 a barrel after slipping 0.4% on Tuesday, with West Texas Intermediate around $83. (REUTERS) Oil steadied around a two-month high on signs … Read more
By: Reuters | Updated on: 26 Jun 2024, 06:52 AM Brent crude oil futures fell 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. U.S. West Texas Intermediate crude futures fell 11 cents, or 0.1%, to … Brent crude oil futures fell 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT. … Read more
Brent futures for August delivery rose 7 cents, or 0.08%, to $86.06 a barrel at 0015 GMT, ahead of the contract’s expiry later this week.
Fitch projects a three per cent-four per cent increase in India’s petroleum product demand for the fiscal year ending in March 2025 (FY25), buoyed by rising consumer, industrial, and infrastructure needs. This is in tandem with an expected GDP growth of 7 per cent. Diesel and petrol will continue to dominate the consumption landscape, accounting … Read more
By: Reuters | Updated on: 24 Jun 2024, 07:24 AM Geopolitical risks in the Middle East from the Gaza crisis and a ramp-up in Ukrainian drone attacks on Russian refineries are underpinning oil prices. Geopolitical risks in the Middle East from the Gaza crisis and a ramp-up in Ukrainian drone attacks on Russian refineries are … Read more
Also Read : Will petrol price, diesel costs increase again? Here are the indicators Here is a quick and comprehensive explainer on why petrol and diesel cost about ₹100 a litre. Crude oil price The biggest factor influencing petrol and diesel prices in India is the global crude oil price. India imports nearly 85 per … Read more
By: Reuters | Updated on: 18 Jun 2024, 06:52 AM Last week, the OPEC, the International Energy Agency and U.S. Energy Information Administration buoyed confidence that oil demand will grow in the sec … Last week, the OPEC, the International Energy Agency and U.S. Energy Information Administration buoyed confidence that oil demand will grow in … Read more
By: Reuters | Updated on: 19 Jun 2024, 07:49 AM Global benchmark Brent has clambered back from an early-June close of $77.52, yet remains off its $90 peak from mid-April. Global benchmark Brent has clambered back from an early-June close of $77.52, yet remains off its $90 peak from mid-April. (REUTERS) Oil settled more than … Read more