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Oil Price News
Diesel prices down 19-21 paise across metros
Sat, Sep 19, 2020
Diesel prices declined in the range of 19-21 paise across the four metropolitan cities on Saturday. In the national capital, diesel was sold at Rs 71.82, lower from Rs 72.02 per litre on Friday.
Oil price climbs for third straight week, buoyed by producers holding back output
Fri, Aug 21, 2020
Meanwhile, an internal report by the Organization of the Petroleum Exporting Countries and allies, showed the group known as OPEC+ was focused on ensuring that members who had overproduced against their commitments would cut their output, as flagged following an OPEC+ meeting on Wednesday.
Surprise! Diesel prices to surpass petrol prices for 1st time in India
Wed, Jun 24, 2020
"The pricing development would push automobile companies to strategies being followed by companies in the western markets where diesel run cars are not sold on fuel pricing differential, but on overall make and quality that puts them ahead of petrol run cars," the expert quoted earlier.
Fuel prices today: Petrol, Diesel gets expensive for 2nd consecutive day
Mon, Jun 08, 2020
Already, the gap between cost and sale price of petrol and diesel for the OMCs has reached around Rs 4-5 per litre. If this has to be covered over a period of time, given there is no further increase in the global prices, auto fuel prices may be increased by 40-60 paise per day for a couple of weeks to cover the losses.
Oil prices edge up ahead of upcoming OPEC+ meeting
Mon, Jun 01, 2020
"The focus is very much on OPEC+," OCBC economist Howie Lee said, referring to OPEC and its allies including Russia. OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day (bpd) in May and June after the coronavirus pandemic ravaged demand.
Gold prices rises above rs. 41,000 amid US-Iran tensions
Mon, Jan 06, 2020
Gold prices breached the Rs 41,000 per 10-gram mark in the domestic market on January 6, tracking positive overseas trend from the international spot gold that neared a 7-year high, amid heightened tensions in the Middle East. #GoldPrice #Gold #Oil #OilPrice #US #Iran
Oil prices slip again as spectre of trade war, demand concerns haunts market
Tue, Dec 10, 2019
That weakness came amid with fresh fronts in the trade war between Washington and Beijing that has stymied global economic growth coming up fast: Washington`s next round of tariffs against some $156 billion Chinese goods are scheduled to take effect on Dec. 15.
Oil prices slip as weak China exports highlights trade war impact
Mon, Dec 09, 2019
The weak start to the week came despite data showing China`s crude imports jumped to a record, revealing just how deep jitters are embedded in the market over the U.S.-China trade row that has stymied global growth and oil demand.
Oil futures rise on talk of further OPEC+ supply curbs
Tue, Dec 03, 2019
Oil eased off session highs as Wall Street dropped after data showed U.S. factory activity contracted in November and after U.S. President Donald Trump unexpectedly announced plans to reimpose tariffs on steel and aluminium from Argentina and Brazil.
WTI Crude: Oil prices stabilise, but set for big weekly loss amid trade gloom, rising output
Fri, Nov 01, 2019
WTI Crude: Oil prices steadied on Friday after a rough week, squeezed about 4% lower by a combination of rising global supply and uncertain future demand.
WTI Crude: Oil prices drop, US falls for third day as Cushing stocks rise
Wed, Oct 30, 2019
WTI Crude: Oil prices slipped on Wednesday, with US crude falling for the third day after an industry report that Cushing delivery hub shrugging off overall inventories.
WTI Crude: Oil prices edge lower ahead of inventory data
Tue, Oct 29, 2019
WTI Crude: Oil prices edged lower in quiet trade on Tuesday as concerns about slower economic growth overshadowed progress in Sino-US trade war.
WTI Crude: Oil drops on weak Chinese corporate data
Mon, Oct 28, 2019
"But the market remains well supported on the dip," he said, pointing to signs of progress in China-U.S. trade talks. The two sides issued a statement on Friday saying they are close to finalizing some parts of a trade agreement.
WTI Crude: Oil holds steady as Russia reaffirms commitment to output cuts
Mon, Oct 28, 2019
WTI Crude: Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC.
WTI Crude: Oil prices rise as OPEC mulls deeper output cuts
Wed, Oct 23, 2019
WTI Crude: Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC and its allies mulled deeper production cuts.
Oil ticks up as rising crude stocks are offset by products demand
Fri, Oct 18, 2019
In the third quarter, China`s economic growth slowed to 6% year on year, its weakest for 27-1/2 years and below expectations, dogged by soft factory production amid sluggish domestic demand and continuing trade tensions with the United States.
Oil price falls 2 pct on doubt over US-China trade talks
Tue, Oct 15, 2019
Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a US-China trade deal did little to assure a quick resolution.
WTI Crude: Oil prices hold gains after US inventory drawdown
Thu, Aug 29, 2019
WTI Crude: Oil prices clung to gains on Thursday after official data confirmed a big drop in US crude inventories, helping ease concerns about weakening demand.
WTI Crude: Oil prices rise after Trump says China trade deal likely
Tue, Aug 27, 2019
WTI Crude: Oil prices rose on Tuesday after US President Donald Trump said he expected to sign a trade deal with China.
WTI Crude: Oil prices tank 5% on US stokbuild; halves losses on talk of Saudi price action
Thu, Aug 08, 2019
Oil prices tumbled nearly 5% on Wednesday after an unexpected build in U.S. crude stockpiles and on fears of slowing demand.