OPEC+ will now hold its ministerial meeting on November 30, instead of November 26 as previously…
Tag: global oil prices
Oil prices extend gains as OPEC cuts expected; Brent crude at $81.92/bbl
Global oil benchmarks extended gains on Monday, November 20, as further supply cuts in OPEC+ production…
Oil headed for 4th weekly loss on demand concerns; Brent at $78/bbl
Global oil benchmarks headed for their fourth weekly loss on Friday, November 17, but recouped some…
Govt slashes windfall tax on crude petroleum, diesel exports
The tax, imposed as Special Additional Excise Duty (SAED) on crude oil, has been lowered from…
From $89 to near $100 and back: How Brent crude moved since last Diwali
Among other reasons, a stronger US dollar and the spike in US bond yields in the…
Oil shoots over 3% as US crude stock adds to supply concerns, Brent over $96/bbl
Oil prices jumped 3 per cent on Wednesday, September 27, after official data showed that US…
Oil prices stable as economic growth concerns offsets tight supply
Oil prices held steady after a decline in initial hours on Tuesday, September 26, as investors…
Oil prices stable ahead of US Fed verdict; Brent hovers above $94/bbl
Oil prices were stable on Wednesday, September 20, ahead of the US Federal Reserve’s interest rate…
‘Crude’ impact on economy: Every $10 rise in Brent widens India’s CAD by 0.5%
The economic impact of global oil supply have important implications for India – a net importer…
Oil sears to 10-month high, set for weekly gain; Brent scores $94/bbl
Oil prices rose to a fresh 10-month high for the fifth straight session and were on…