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Brent crude oil prices News
Brent crude oil prices
Oil firms as China's slowdown not as steep as some expected
Mon, Jan 21, 2019
Oil prices firmed on Monday after data showed China`s economic slowdown was not as big as some analysts had expected, with supply cuts led by the Organization of the Petroleum Exporting Countries also offering support.
Fuel prices today: Petrol, diesel prices unchanged; check rates in Delhi, Mumbai, other cities
Wed, Jan 02, 2019
Oversupply of crude oil, possible US economic slowdown in 2019 are the major reasons responsible for consistent correction in prices of crude. Stability in the rupee, since a month and consistent fall in crude is positive for the Indian economy.
Oil prices under pressure amid global market unease, but Libyan disruption supports
Tue, Dec 11, 2018
International Brent crude oil futures were at $60 per barrel at 0746 GMT, up 3 cents from their last close.
Petrol, diesel prices witness downward trend in past 6 weeks; Check today’s rates in Delhi, Mumbai, Bengaluru, Chennai, Kolkata
Fri, Nov 30, 2018
As crude oil prices falling to year-low levels, petrol and diesel rates have been falling down continuously since the last 45 days. According to petrol, diesel price chart of last six weeks, petrol price is down by about Rs 10 per litre and diesel by about Rs 8. The consumers no doubt are feeling a sigh of relief as it had a cascading effect leading to price rise of other items.
Oil prices rise on Iran sanctions, lower US fuel inventories
Thu, Aug 30, 2018
Brent has risen by almost 10 percent over the past two weeks on widespread perceptions that the global oil market is tightening and could run short in the next few months as U.S. sanctions restrict crude exports from Iran.
Oil rises as Saudi output dips, US drilling stalls
Mon, Aug 06, 2018
Spot Brent crude oil futures were at $73.42 per barrel at 0653 GMT on Monday, up 21 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 19 cents, or 0.3 percent, at $68.68 barrel.
Oil prices drop on oversupply concerns as OPEC output increases in July
Tue, Jul 31, 2018
September Brent crude futures fell 25 cents, or 0.3 percent, to $74.72 a barrel by 0654 GMT after rising nearly 1 percent on Monday. The September contract expires later on Tuesday and the more-active October contract was down 0.3 percent at $75.35.
Oil prices mixed; Brent eases as trade tensions weigh
Mon, Jul 30, 2018
Oil prices were mixed on Monday with U.S. benchmark WTI nudging higher after four weeks of declines, while Brent began the week lower as the fallout from trade tensions weighed on markets.
Brent crude prices edge lower but on course for weekly gain
Fri, Jul 27, 2018
Oil prices edged lower on Friday in quiet trading, though Brent futures were set for a weekly gain thanks to Saudi Arabia halting crude transport through a key shipping lane and easing trade tensions between Washington and Europe.
Crude oil price up as some Saudi Red Sea shipments suspended, trades above $74
Thu, Jul 26, 2018
Saudi Arabia, the world`s biggest oil exporter, said on Thursday that it was "temporarily halting" all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb after an attack on two big oil tankers by Yemen`s Iran-aligned Houthi movement.
Brent oil prices rise for second day, buoyed by fall in US inventories
Wed, Jul 25, 2018
Brent crude was up 29 cents, or 0.4 percent, at $73.73 a barrel by 0035 GMT. The global benchmark settled 38 cents higher at $73.44 a barrel on Tuesday, after climbing as high as $74.
Brent crude prices trade below $73 as tensions escalate between US and Iran
Tue, Jul 24, 2018
Brent crude oil was down 10 cents, or 0.14 percent, at $72.96 a barrel by 0037 GMT, after settling down 1 cent on Monday. U.S. crude was down 9 cents, or 0.13 percent, at $67.80 a barrel. The contract fell 37 cents the previous day.
Not dead yet: Home of Brent crude gets new lease of life
Wed, Jul 18, 2018
Government efforts to keep producers in the basin, home to the Brent crude that underpins the price benchmark, gained urgency with the 2014 oil price crash. Cheaper oil also forced the industry to upgrade technology and find more efficiencies.
Brent oil prices claw back some losses after falling 7% yesterday
Thu, Jul 12, 2018
Oil had some supportive news late on Wednesday that U.S. crude oil stocks fell by nearly 13 million barrels last week, the most in nearly two years, dropping overall crude stocks to their lowest point since February 2015.
Brent crude trades above $77 on Libya force majeure, Canada outage
Tue, Jul 03, 2018
Production at Syncrude Canada`s 360,000 barrels per day (bpd) oil sands facility near Fort McMurray, Alberta, was hit by a power outage last month and is likely to remain offline through July, helping drain U.S. inventories.
Brent prices fall as Saudi output rises to compensate for disruptions
Mon, Jul 02, 2018
Donald Trump said in a tweet on Saturday that Saudi Arabia’s King Salman bin Abdulaziz Al Saud had agreed to produce more oil. The White House later walked back the president’s comments, saying the king said his country can raise oil production if needed.
Oil prices ease on global trade frictions, but market remains tight
Fri, Jun 29, 2018
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $73.06 a barrel at 0209 GMT, down 39 cents, or 0.5 percent from their last settlement. WTI on Thursday hit its highest since November 2014 at $74.03 per barrel.
Brent oil prices drop by 2 percent as traders expect output rise after OPEC deal
Mon, Jun 25, 2018
Brent crude futures LCOc1, the international benchmark for oil prices, were at $73.90 per barrel at 0035 GMT, down 2.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $68.36 a barrel, down 0.3 percent, supported by a slight drop in U.S. drilling activity.
Oil options show bulls and bears on edge over OPEC meet
Fri, Jun 22, 2018
The Organization of the Petroleum Exporting Countries meets in Vienna to discuss its existing policy to curtail crude output by 1.8 million barrels per day, jointly with several non-member nations, including Russia and Oman.
Oil prices fall, Brent hovers around $73 on expectation OPEC will raise output
Mon, Jun 18, 2018
The producer cartel of the Organization of the Petroleum Exporting Countries (OPEC), which is de-facto led by Saudi Arabia, and some allies including Russia have been withholding output with since the start of 2017. Producers will meet in Vienna on June 22 to decide forward production policy.