Tag: Oil prices

Oil prices to remain above $100/barrel till Ukraine war ends

The most serious effect of the Russia-Ukraine war for the world economy will be higher commodity prices. Oil prices will remain above $100/barrel for as long as the conflict rages on, EIU said in its global outlook report.

April 25, 2022

Oil prices rise amid drop in US inventories

At 423.6 million barrels, US crude oil inventories are about 8 per cent below the five year average for this time of year.

December 23, 2021

Fuel prices rise sharply, Mumbai sells petrol at Rs 94.36/l

Crude prices have remained firm for the last few weeks in the wake of unilateral production cuts announced by Saudi Arabia and a pick up in consumption in all major economies globally.

February 11, 2021

Petrol, diesel prices maintain upward trend to hit all-time highs

India’s financial capital, Mumbai, also witnessed a sharp rise in fuel prices as petrol was being sold at Rs 92.28 a litre while the diesel was priced as Rs 82.66 per litre.

January 23, 2021

Petrol, diesel price surge continues on fall in US oil inventory

Rates were hiked on two consecutive days - totalling 49 paise for petrol and 51 paise for diesel - before they hit a pause button again.

January 13, 2021

Brent crude nears $55/bbl with Saudis pledging supply cut

The March contract of Brent on the Intercontinental Exchange (ICE) was at $54.70 a bbl, higher by 0.74 per cent from its previous close.

January 7, 2021

OMCs hold petrol, diesel prices as global oil market remains subdued

Domestic fuel prices have been largely subdued off late due to low crude oil prices as global oil demand has been hit amid the pandemic.

October 20, 2020

OMCs hold petrol, diesel prices as global oil market remains subdued

Domestic fuel prices have been largely subdued off late due to low crude oil prices as global oil demand has been hit amid the pandemic.

October 19, 2020

Petrol, diesel prices unchanged for 6th straight day

In the national capital, petrol price on Sunday stood at Rs 80.43 per litre and diesel at Rs 80.53 a litre, same levels as the last four days when OMCs went for a pause and kept the prices unchanged.

July 5, 2020

Crude oil price falls again, hits $24 per barrel due to rising inventories

Brent crude oil also has declined on the Intercontinental Exchange (ICE) is at $30.83 per barrel, lower by 0.45 per cent or 0.14 cents from its previous close.

May 6, 2020

Oil prices claw back ground after biggest fall since 1991 Gulf War

Saudi Arabia is aiming to boost its crude oil output of over 10 million barrels per day in April after the current supply deal between OPEC Russia ie OPEC+ expires in March.

March 10, 2020

Asia stocks dive down amid panic selling on fear of coronavirus, plunge in oil prices

Oil markets were the main drivers of decline, as the oil prices plunged about 20 per cent on Monday.

March 9, 2020

Crude oil impact: oil marketing cos fall; HPCL shares drop over 7 pc

Sensex on Monday fell by 787.98 points at 40,676.63, as investors were on edge due to increased tension in the Middle East.

January 6, 2020

Oil prices surge, market drops after US strikes kills Iran general

Brent crude oil rallied over 4.4 per cent to USD 69.16 and WTI jumped 4.3 per cent to 63.84.

January 3, 2020

After one-day break, Petrol, Diesel Prices rise across all major cities

As per the Indian Oil Corporation website, petrol prices in Delhi went up by Rs 75.25 a litre while diesel was selling at Rs 68.10 a litre,

January 2, 2020

Oil prices jump amid escalating tensions in Middle East

The West Texas Intermediate for January delivery increased 1.57 US dollars to settle at 58.58 dollars a barrel on the New York Mercantile Exchange

November 22, 2019

Petrol, diesel prices remain unchanged for 2nd day as crude oil price eases

The petrol rates in Delhi, Kolkata, Mumbai and Chennai were Rs 74.20/litre, Rs 76.89/litre, Rs 79.86/litre and Rs 77.13/litre respectively.

November 21, 2019