crude oil prices
CRUDE OIL PRICES NEWS
Subdued crude prices help lower India’s oil import bill in Sep-Nov even as volumes rise
December 26, 2024 8:31 am
A downward pressure on international oil prices, and consequently on India’s oil import bill, is a positive for the country due to its extremely high dependence on oil imports.
Crude imports fall amid refinery shutdowns and West Asia tension
November 03, 2024 8:06 am
Going forward, industry watchers expect oil imports to rebound in November as all Indian refiners would be fully back on stream amid robust demand and expectations of relatively limited oil price volatility in the international market.
Crude oil prices advance as Gaza tensions rise, Saudi Arabia hikes prices
May 06, 2024 12:50 pm
Brent crude futures gained 51 cents, or 0.6 per cent, to $83.47 a barrel while US West Texas Intermediate crude futures were at $78.64 a barrel, up 53 cents, or 0.7 per cent.
Reliance on oil imports rises in April-February, likely to hit fresh full-year high in FY24
March 18, 2024 10:11 am
Total production of petroleum products from domestic crude oil was 26.1 million tonnes in April-February, which means that the extent of India’s self-sufficiency in crude oil was just 12.3 per cent, down from 12.8 per cent in the corresponding period of the last financial year.
Crude oil rises for second day on improving signs of US refinery demand
February 22, 2024 11:26 am
U.S. crude inventories have climbed amid outages at large refineries that have left utilisation rates at the lowest level in two years, though the plants are resuming output.
Russian oil import at 8-month low in October as discount falls, OPEC share up
December 27, 2023 8:19 am
According to an analysis of India’s official trade data by The Indian Express, Russia’s share in India’s oil imports (by volume) in October was 31.9 per cent, down from 34.8 per cent in September.
Indices fall for 5th day straight: Sensex falls 523 pts, Nifty slumps to 19,122
October 25, 2023 3:49 pm
In the intraday session, Sensex hit a low of 63,912.16, while the Nifty 50 fell to 19,074.15.
Gaza has oil markets on edge. That could build more urgency to shift to renewables, IEA head says
October 24, 2023 5:04 pm
Fossil fuel prices are down from 2022 peaks, but “markets are tense and volatile," said the IEA in the report.
Oil falls further on US stock build, easing supply concerns
October 12, 2023 10:09 am
Brent futures declined by 30 cents, or 0.35%, to $85.52 a barrel at 0405 GMT, while U.S. West Texas Intermediate crude slipped 42 cents, or 0.50%, to $83.07 a barrel.
Russia, Saudi Arabia discuss oil market, prices amid Israel-Hamas war
October 11, 2023 4:30 pm
Crude oil prices spiked in the wake of a massive incursion into Israel from Gaza launched by the Palestinian Islamist group on Oct. 7.
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