December 22, 2020 2:55 pm
Brent crude futures were down 88 cents, or 1.7% to $50.03 a barrel at 0730 GMT, while US West Texas Intermediate (WTI) crude futures fell 92 cents, or 1.9%, to $47.05 a barrel.
December 11, 2020 2:45 pm
Brent was up 30 cents or 0.6% at $50.55 a barrel by 0752 GMT, after gaining nearly 3% on Thursday. US oil was up 31 cents, or 0.7%, at $47.09 a barrel, having also risen almost 3% in the previous session.
November 23, 2020 11:59 am
Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel by 0436 GMT while US West Texas Intermediate crude gained 10 cents, or 0.2%, to $42.52 a barrel. Both benchmarks jumped 5% last week.
October 19, 2020 9:59 am
Experts noted that given the recovery in the price of Brent crude, oil-producing companies were not expecting any relief on oil cess from the government.
September 28, 2020 6:49 pm
The conflict centers on the Nagorno-Karabakh region claimed by both countries. In theory, it has the potential to disrupt oil and gas flows from Azerbaijan, since export pipelines from the Caspian Sea region’s second-biggest crude producer run within just 10 miles of its border with Armenia.
September 03, 2020 4:30 pm
The OPEC club of oil-exporters has revived crude from its historic drop this year, but $40 is still too low. The coronavirus pandemic and shift toward renewable energy threaten to keep prices depressed.
August 14, 2020 12:59 pm
Futures in New York edged higher near $42 a barrel Friday and are up around 3% for the week. A slew of encouraging data on US crude stockpiles, gasoline consumption and refinery activity spurred the biggest daily jump in three weeks Wednesday.
July 25, 2020 1:07 am
Total crude oil processing in India for the June quarter was down 22.3 per cent at 48.6 MMT, as against 62.8 MMT in the year-ago period, and 20.2 per cent below the processing target for the quarter.
July 24, 2020 1:28 pm
Brent crude fell 25 cents to $43.06 a barrel by 0713 GMT, and US West Texas Intermediate (WTI) crude eased 28 cents to $40.79.
July 20, 2020 12:15 pm
Brent crude was down 25 cents, or 0.6%, at $42.89 a barrel by 0353 GMT, after dropping slightly last week. US oil was off by 22 cents, or 0.5%, at $40.37 a barrel, after gaining 4 cents last week.
June 22, 2020 6:17 pm
How the government is explaining the rise in petrol and diesel prices. Take a look in today’s News in Numbers.