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Oil prices
OIL PRICES NEWS
Oil tumbles 8% below $65 as China retaliates with tariffs on US
April 04, 2025 6:14 pm
Nations around the world have readied retaliation after Trump raised tariff barriers to their highest in more than a century, leading to a plunge in world financial markets.
‘Drill, baby, drill’: Trump vows to pump, export more oil, lower prices
January 21, 2025 10:34 pm
For India, which is the world's third-largest consumer of crude oil and depends on imports to meet over 85 per cent of its requirement of the commodity, that would be a good thing.
Trump's support of US oil & gas producers likely to have a bearish impact on petroleum prices
November 07, 2024 8:30 am
While it is too early to say how Trump’s second term as president will turn out to be for global oil markets, industry watchers expect the Trump administration's economic and energy policies to put limited downward pressure on oil prices.
Oil prices surge over 3% as Israel, US vow retaliation for Iran attack
October 02, 2024 8:29 pm
In another escalation of the conflict, the Israeli military on Wednesday sent regular infantry and armoured units to join ground operations in southern Lebanon against Iran-backed Hezbollah.
Why do oil prices remain subdued?
September 02, 2024 12:04 pm
Despite war in the Middle East and political turmoil in Libya, investors are focusing on what look like ample global supplies.
OPEC+ members extend oil output cuts to second quarter
March 03, 2024 11:06 pm
Oil prices have found support from rising geopolitical tensions due to attacks by the Iran-aligned Houthi group on Red Sea shipping, although concern about economic growth and high interest rates has weighed. Brent futures for May settled $1.64 higher, or 2%, at $83.55 a barrel on Friday.
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.
India softened global inflation, should be thanked for Russian oil purchases: Jaishankar
November 16, 2023 4:39 pm
Jaishankar reiterated the 'exceptional steadiness' of India-Russia ties and pointed out that unlike in the West, Russia is not viewed as a 'revisionist power' in the East.
Oil prices regain some ground on Israel-Hamas war uncertainty
October 24, 2023 9:48 am
Brent crude futures climbed 57 cents, or 0.6 per cent, to $90.40 a barrel by 0321 GMT, while US West Texas Intermediate crude futures increased 54 cents, or 0.6 per cent, to $86.03 a barrel.
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.
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