Oil Price: Latest News and Updates, Top Stories, Videos, Photos About Oil Price

Oil Prices Rise For Sixth Week In A Row As Global Supplies Tighten

Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns, according to Reuters. Brent crude futures ...

Oil Prices Jump 2% As Saudi Arabia And Russia Restrict Supply

Oil prices gained about 2% on Thursday as Saudi Arabia and Russia took steps to keep supplies tight into September and possibly beyond, reports Reuters. Brent futures rose $1.94, or 2.3%, to settle at $85.14 a barrel, while U.S. West Texas ...

Spike In Oil Price, Is Breaking India's Back: Jaishankar

India, which has a USD 2,000 per capita economy, is concerned over the spike in the price of oil due to the Russia-Ukraine conflict and it is "breaking our back," External Affairs Minister S Jaishankar said on Tuesday. Addressing a joint ...

On Demand Fear, Oil Drops Below $85 For The First Time Since January

Despite the possibility of a disruption in Russian supplies, oil prices dropped to their lowest point since January as a result of a strengthening dollar and worries about global demand, reported Bloomberg. West Texas Intermediate, the US benchmark, dropped ...

OPEC Announces To Reduce Its Oil Production In October By 100k bpd

On September 5, the 32nd OPEC and non-OPEC ministerial meeting discussed the adverse impact of the volatility and decline in liquidity in the oil markets. To bring stability and efficient functioning in the market, it decided that the group will revert ...

Oil Price Falls Below $100/bbl; Weak Factory Data Weighs

Oil price at the time of writing this story at around 12:00 pm (IST) trades in the red, with Brent crude down by 0.29% at $99.74 per bbl, while WTI benchmark is at $93.73 per bbl. The losses in the commodity ...

2 Oil Drilling & Exploration Stocks To Buy For Up To 42% Gains In 1 Year

Indian markets after a few days of gains are trading flat in the afternoon trade and here are 2 oil exploration company stocks recommended. Notably these companies stand to benefit on account of higher crude price and any sustained gains can bring in more upside for them. {photo-feature}...

India's Import Bill For Crude Oil Is Expected To Top $100 Billion

As global crude prices hit seven-year highs, the country's crude oil import bill is expected to surpass $100 billion in the current fiscal year, nearly double that of the previous year. According to figures from the oil ministry's Petroleum Planning & ...

Surge In Crude Oil Price Could Impact The Real Estate Market Of India

The ongoing Russian invasion of Ukraine has not only impacted the global economy but also the crude oil prices. The US and Europe pledged to react against Moscow with the most severe sanctions. Oil prices have already surpassed $100 per barrel, ...

Crude Benchmarks Settled With Gains Of Over 3% On Heightening Fears Of An Ukraine Invasion

Oil prices continued to add to gains on heightened fears of an invasion of Ukraine by Russia, one of the top oil producing nation. On Friday oil prices settled higher by 3%.In fact both of the benchmarks ended with gains ...

US Inflation Surges To 6.2%; Government Trying To Cut Oil Prices: OPEC-US Clash

The US government is worried about their high headline inflation (CPI) rate at 6.2%, which is the highest in more than the last 30 years. {photo-feature} (Also read: India Will Release Strategic Petroleum For The First Time, Crude Oil Prices Expected To Fall) ...

India Will Release Strategic Petroleum For The First Time, Crude Oil Prices Expected To Fall

The union government of India has decided to hit the Strategic Petroleum of the country for the first time, hence the prices for petrol and diesel can drop marginally for common Indians. The center is going to release 5 million (50 ...

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