oil prices edge up on weak dollar ahead of US election results
By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up about 1% to a one-week high on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential election, after rising more Key Points
ThePrintCrude prices fall on possible ceasefire in Lebanon
By Erwin Seba HOUSTON (Reuters) -Brent and U.S. crude futures fell on Tuesday as fears of supply disruptions from the conflict between Israel and Iran eased after Iranian-backed Hezbollah signaled Key Points
ThePrintoil prices jump 4% on reports Iran preparing to attack Israel
By Scott DiSavino (Reuters) - oil prices jumped about 4% on Tuesday following reports Iran was preparing to launch a missile attack on Israel. Brent futures were up $2.50, or 3.5%, to $74.20 a barrel Key Points
ThePrintoil prices rise after US interest rate cut
By Colleen Howe BEIJING (Reuters) -Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains. Brent crude Key Points
ThePrintCentre asks edible oil industry to maintain prices amid duty hike on imports
The leading edible oil associations were advised to ensure that the MRP of each type of oil is maintained until stocks imported at 0% and 12.5% BCD are exhausted. Key Points
India Today
oil falls more than 2% after US jobs data, set for weekly drop
By Nicole Jao NEW YORK (Reuters) -Oil fell more than 2% on Friday after data showed U.S. employment increased less than expected in August, and was on track for a heavy weekly loss as demand concerns Key Points
ThePrintoil falls on US jobs data, set for big weekly drop
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday after data showed U.S. employment increased less than expected in August, and were on track for a heavy weekly loss as demand concerns Key Points
ThePrintoil prices settle $1 up on hopes of a US Fed rate cut next month
By Nicole Jao (Reuters) -Oil prices settled up more than 1% on Thursday, as expectations for a U.S. interest rate cut in a few weeks fueled a rebound after four days of price declines. Brent crude Key Points
ThePrintoil set to end week lower on demand concerns, easing supply woes
By Shariq Khan (Reuters) - oil prices were steady in early Asian trading on Friday, but were poised to end the week lower as downward revisions to U.S. employment data raised demand concerns and Key Points
ThePrintoil prices tick down after surprise rise in US crude stockpiles
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in Key Points
ThePrint
oil prices rebound 1% on concerns wider Mideast conflict may cut supply
By Yuka Obayashi and Trixie Yap (Reuters) -Oil prices rebounded by more than 1% on Tuesday, paring previous session's losses, on supply concerns amid an escalating Middle East conflict, stronger U.S. Key Points
ThePrintIndia's July palm oil, soyoil imports surge on lower prices, dealers say
India's palm and soybean oil imports reached their highest levels in a year in July, with palm oil imports rising 39% to 1.09 million metric tons, the highest since August 2023. This increase is expected to help reduce inventories in top producers Indonesia and Malaysia and support benchmark prices. Key Points
Economic Timesoil prices rise off six-week lows as US fuel stocks decline
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Wednesday, supported by large draws in U.S. crude and fuel stocks, but were still close to their lowest level in six weeks due to concerns Key Points
ThePrintoil prices gain 2% on big US storage withdrawal, weaker US dollar
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower Key Points
ThePrintoil prices rise on bigger-than-expected drop in US crude stocks
(Reuters) - oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. Key Points
ThePrint
Brace to pay more for edible oil as global conflicts disrupt supply
The prices of edible oil, which has witnessed a price increase in recent months driven by multiple global factors, may go up further by Rs 6 to Rs 12 per... Key Points
The Tribune Indiaoil pares gains on weak U.S. consumer sentiment
By Nicole Jao NEW YORK (Reuters) -Brent oil futures prices pared gains on Friday, but were still on course for their best week in months as investors weighed an unexpected deterioration of U.S. Key Points
ThePrintoil prices gain 2% to one-week high on hopes of higher summer fuel demand
By Scott DiSavino NEW YORK (Reuters) - oil prices climbed about 2% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the Key Points
ThePrintoil heads for weekly loss as inflation, interest rates spur fuel demand concerns
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose 1% on Friday, but looked set for a weekly loss after strong U.S. economic data reinforced expectations that interest rates might remain elevated Key Points
ThePrintLower oil prices lead to 4x profits for oil firms, bonanza for govt, but no relief for aam aadmi
Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt. Key Points
ThePrint
India's Russian oil imports rise to nine-month high in April
India's Russian oil imports surged to a nine-month peak in April as shipments resumed on non-sanctioned tankers, largely operated by Sovcomflot. Indian refiners imported nearly 1.8 million barrels per day of Russian oil, expanding Russia's share to 38%. The rise affected overall purchases from Iraq and Saudi Arabia, reducing Middle Eastern oil imports. Key Points
Economic TimesIndia has a rare request for Reliance & state refiners on Russia oil deal
India has urged state-run oil refiners and Reliance Industries Ltd. to negotiate a long-term supply deal with Russia to shield the economy from volatile prices. While the government wants collaboration, Reliance's reluctance to share sensitive information poses a challenge. India seeks discounted oil amid tighter US sanctions. Key Points
Economic Timesoil steady as market waits for more on US inflation and interest rates
By Scott DiSavino NEW YORK (Reuters) -Oil prices were stable on Monday as the market awaited further clues on the likely path of U.S. interest rates in the wake of cautious comments from U.S. Federal Key Points
ThePrintoil steady as investors eye US inflation, OPEC report
By Jeslyn Lerh SINGAPORE (Reuters) - oil prices were little changed on Tuesday as investors eyed fresh drivers, including upcoming U.S. inflation indicators and a monthly report from the Organization Key Points
ThePrintFor sunflower oil refiners, volume to dip by 8-10 pc but operating margin likely to recover in FY25
New Delhi [India], May 5 (ANI): Indian refined sunflower oil volumes are projected to witness a decline of 8-10 per cent in FY25 amid decline in demand of sunflower oil. According to a report by CRISIL Ratings, domestic consumers have returned to soybean oil after the prices have declined following a good soy harvest. Show […] Key Points
ThePrint
Sunflower oil consumption expected to fall by 4L tonne
Sunflower oil consumption in the country is likely to go down by 3-4 lakh tonne in the current fiscal year with consumer shifting their preference to... Key Points
The Tribune Indiaoil rises 1% as dollar slips, focus shifts to economic data
By Shariq Khan NEW YORK (Reuters) -Oil prices rose a dollar a barrel on Tuesday as the U.S. dollar index fell to its lowest in over a week and as oil investors shifted focus away from geopolitical Key Points
ThePrintoil rises as dollar slips, focus shifts to economic data
By Shariq Khan NEW YORK (Reuters) -Oil prices rose a dollar a barrel on Tuesday as the U.S. dollar index fell to its lowest in over a week and as oil investors shifted focus away from geopolitical Key Points
ThePrintCrude import bill drops 16% but dependency hits new high
India’s crude oil import dropped 16 per cent in the last fiscal on lower international rates but the dependency on overseas suppliers rose to a... Key Points
The Tribune Indiaoil steady as Mideast supply fears subside, Israel's war cabinet meets
By Georgina McCartney Houston (Reuters) - oil prices were largely steady on Tuesday after the U.S. announced plans to hit Iran with new sanctions after its weekend attack on Israel, and as Israel's Key Points
ThePrint
Share of Russian oil in India's imports rises to 35% in FY24
The share of Russian oil in India's total imports rose to 35% in 2023-24 from 23% in the previous year, according to energy cargo tracker Vortexa. During the year, all other key suppliers, including Iraq, Saudi Arabia, UAE, and the US lost share in the Indian market. Iraq's share fell to 20% (from 21%). Similar drops were noted for Saudi Arabia (15% from 17.5%), UAE (6% from 9%), and the US (3.5% from 5.5%). Key Points
Economic Timesoil prices decline over caution on US Fed interest rates, Iran sanctions; Brent at $88/bbl
OPEC+ kept oil supply policy unchanged and pressed some countries to boost compliance with output cuts. OPEC+ said some members would compensate for oversupply in the first quarter. Key Points
mintUS hasn't asked India to cut Russian oil imports: Official
The US has not asked India to cut Russian oil imports, stating that oil refined in India isn't technically Russian. US officials emphasized limiting Putin's profit by curbing Russia's oil sales avenues. They noted that refined Russian oil sold to Western nations does not violate sanctions. India has informed the US of its intent to continue buying Russian oil for its energy needs and to stabilize global oil prices. Sanctions aim to restrict Russia's oil sales and incentivize deeper discounts for buyers avoiding Western services. Key Points
Economic TimesRussian crude refined in third country is no longer a 'product of Russia', says US Treasury official
At an event in New Delhi, US treasury official Anna Morris says Washington has not asked India to reduce its purchase of Russian crude. India was top buyer of Russian oil in 2023. Key Points
ThePrintoil prices continue to gain amid worries about supply disruptions; brent crude at $89.76/bbl
Brent crude futures climbed by 84 cents, representing a 0.9% increase, reaching $89.76 per barrel by 11:38 a.m. ET (1538 GMT). Similarly, U.S. West Texas Intermediate futures experienced a gain of 76 cents, or 0.9%, reaching $85.91 per barrel. Key Points
mintoil prices advance as investors reassess US inventories data
By Katya Golubkova TOKYO (Reuters) -Oil prices edged up on Thursday, following two consecutive sessions of decline, as investors reassessed the latest data on U.S. crude oil and gasoline inventories Key Points
ThePrintoil drifts higher on heightened supply concerns
By Natalie Grover LONDON (Reuters) -Oil prices rose more than 1% on Monday as hostilities intensified between Russia and Ukraine and in the Middle East. Brent crude futures climbed $1.05, or 1.2%, to Key Points
ThePrintoil prices rise on heightened supply concerns, brent crude at $86.48/bbl
Both Brent and WTI benchmarks have exhibited steady growth throughout the year, with Brent soaring nearly 11% and WTI around 12.5% by the close of trading on Friday. Key Points
mintoil settles flat on the week over Gaza ceasefire possibility, stronger US dollar; Brent sticks at $85/bbl
Brent futures for May delivery settled at $85.43, losing 35 cents, while US crude settled at $80.63 a barrel, falling 44 cents. Key Points
mintoil steady after slipping on Gaza ceasefire talks
By Laila Kearney NEW YORK (Reuters) -Oil prices stabilized on Friday as the possibility of a ceasefire in Gaza weakened crude benchmarks, while steadying U.S. interest rates and the war in Europe Key Points
ThePrint
Commodity Talk: Crude oil at multi-month highs. Jigar Pandit suggests dip buying
Jigar Pandit forecasts $92-$95 Brent crude price and Rs 7,300 MCX price for 2024, urging investors to capitalize on corrections amid geopolitical uncertainties impacting crude oil supply and demand dynamics. He also says: As the US FOMC has indicated a possible three rate cut in 2024, we expect the dollar to weaken, while the demand remains healthy for crude oil from emerging markets and Asia. Key Points
Economic TimesIndia stops taking Russian oil delivered on Sovcomflot tankers
Amid US sanctions, all Indian refiners, including major ones like Indian Oil, Bharat Petroleum and Hindustan Petroleum are rejecting Russian crude transported by PJSC Sovcomflot tankers. Scrutiny extends to vessel ownership to avoid ties with sanctioned entities. Other oil ships carrying Russian cargo also are facing delays off the South Asian coast. Key Points
Economic Timesoil falls on weaker US gasoline demand, Gaza ceasefire hopes
By Laura Sanicola (Reuters) -Oil prices fell on Thursday, pressured by weaker U.S. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. Brent crude Key Points
ThePrintoil settles lower on weaker US gasoline demand, Gaza ceasefire hopes
By Laura Sanicola (Reuters) -Oil prices settled slightly lower on Thursday, pressured by weaker U.S. gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Key Points
ThePrintoil slips as investors weigh Fed rate decision
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Wednesday as the U.S. Federal Reserve held interest rate steady and demand concerns continue to weigh. Brent crude futures for May settled down Key Points
ThePrintoil slips 2% from highs ahead of Fed decision
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve's interest rate policy Key Points
ThePrintIndia's Russian oil imports edged up in February from January
India's import of Russian oil in February increased slightly compared to January, following a trend of fluctuating imports due to geopolitical events. Despite challenges such as payment issues and sanctions, Indian refiners received shipments of Russian oil, making up a significant portion of the country's overall oil imports. Key Points
Economic Timesoil retreats from multi-month highs, strong dollar dents demand
International Business News: oil prices declined as traders took profits and the dollar strengthened. Brent crude at $87.22, April WTI at $83.16. Market focused on Fed's rate anno Key Points
Times Of Indiaoil hits 4-month high after Ukraine's drone attack on Russian refinery, OPEC cuts; Brent at $87/bbl
The Brent crude oil futures contract for May delivery was up 33 cents at $87.22 per barrel while US West Texas Intermediate (WTI) prices were up 31 cents at $82.47. Key Points
mintPetrol, diesel prices cut by ₹2/litre ahead of polls
State-run oil marketing companies cut petrol and diesel prices by ₹2/litre, continuing pre-election incentives. Delhi prices: petrol ₹94.72, diesel ₹87.62. | Latest News India Key Points
Hindustan Times
oil prices rise 2% after supply disruption as Ukraine attacks Russian refineries; Brent at $83/bbl
Energy Information Administration (EIA) data revealed that US crude stockpiles dropped by 1.5 million barrels to 446.99 million barrels in the week to March 8. Key Points
mintOPEC retains demand forecast for 2024, raises economic growth projections; Brent stuck at $82/bbl
After the projections, international crude oil prices were little changed in today's session with the benchmark Brent futures for May delivery were up 24 cents sticking at $82.45 per barrel. Key Points
mintoil prices rise slightly as OPEC retains demand forecasts
By Nicole Jao NEW YORK (Reuters) -Oil prices rose slightly on Tuesday as the market weighed bearish U.S. economic data against OPEC's demand growth forecast and persistent geopolitical tensions. Brent Key Points
ThePrint