crude oil

News
Videos

CRUDE OIL NEWS

Oil rebounds from tumble as traders focus on demand outlook

January 25, 2022 10:46 am

The volatile trading comes as the Federal Reserve prepares the ground for interest-rate increases, and Russian troops mass on the border with Ukraine. In recent months, oil bears have retreated as speculators turn more bullish amid lower stockpiles.

Oil opens week with jump on outlook for stronger global demand

January 24, 2022 3:34 pm

Crude has enjoyed a robust start to the new year, with prices soaring to the highest since 2014 last week, as demand picked up, stockpiles fell, and top Wall Street banks including Goldman Sachs Group Inc. issued bullish oil forecasts.

World’s biggest oil hedge could shrink if Mexico curbs exports

January 06, 2022 1:28 pm

Each year, Mexico participates in one of the biggest and most secretive deals in the oil market, locking in prices of its net exports. The trade effectively makes the Mexican finance ministry one of the biggest sellers of oil contracts for 12 months ahead.

Joe Biden, US-Taiwan, Taiwan china, Biden on Taiwan, world news, Indian express

Fighting gas prices, US to release 50 million barrels of oil

November 23, 2021 10:45 pm

The US action is aimed at global energy markets, but also at US voters who are coping with higher inflation and rising prices ahead of Thanksgiving and winter holiday travel.

Global push to cap oil prices: India to release 5 mn barrels from reserves

November 24, 2021 2:07 am

The stocks will be sold to Mangalore Refinery and Petrochemicals Ltd (MRPL) and Hindustan Petroleum Corp Ltd (HPCL) which are connected by pipeline to the strategic reserves.

'Tight oil': What is shale, and its potential in India

November 23, 2021 1:45 pm

The key difference between shale oil and conventional crude is that the former, also called ‘tight oil’, is found in smaller batches, and deeper than conventional crude deposits.

Oct: Costlier crude pushes up wholesale inflation to 5-month high

November 16, 2021 2:16 am

Inflation, based on the Wholesale Price Index (WPI), has remained in double digits for the seventh straight month in October. WPI inflation in September was at 10.66 per cent, while in October 2020 it was at 1.31 per cent.

Commodity inflation is back, and for policymakers, this presents a tricky situation

October 25, 2021 10:01 am

The government must play its part by slashing excise duties on petrol and diesel. It can restore them later, when supply response to the vaccine-induced global demand surge would also have hopefully kicked in.

Oil falls ahead of OPEC+ supply policy meeting

October 04, 2021 12:23 pm

Brent crude was down 14 cents or 0.2% at $79.14 per barrel by 0505 GMT. It rose 1.5% last week, its fourth weekly gain in a row. U.S. oil dropped by 15 cents or 0.2% to $75.73, after gaining for the past six weeks.

No realistic plan of reducing import dependence in edible oils is possible without recognising the role of oil palm

August 28, 2021 8:55 am

The focus on oil palm is not misplaced as it is a crop that can yield 20-25 tonnes of FFBs per hectare, translating into 4-5 tonnes of CPO. No other oilseed can give so much.