Oil News

Oil prices traded lower in early Asian trade on Thursday after the world's largest oil importer China released weaker-than-expected manufacturing data. China's official manufacturing PMI weakened to 49.4 in November from 49.5 in October. Meanwhile, investors have also adopted a cautious ...

Oil prices edged higher on Tuesday breaking a multi-session losing streak ahead of the highly awaited OPEC+ meeting. The OPEC+ meeting is widely anticipated to deepen and extend cuts to oil production amidst concerns of supply being continuously higher than demand. ...

Leading government backed oil and gas giants IndianOil and GAIL (India) Ltd have been slapped with fines for second consecutive quarter for failing to meet listing requirements of having the mandatory number of independent directors on board. Last trading price of ...

Oil prices hovered near their fourth consecutive week of decline as they remained mostly flat in early Asian trade after falling almost 5% to a four-month-low on Thursday on concerns over global demand following weak data from the US and Asia. ...

Oil prices ended almost 2% higher on Friday as Iraq expressed support for OPEC+ countries' oil cuts prior to a meeting in two weeks and as market participants covered massive short positions ahead of weekend uncertainty.Still, oil prices closed with weekly ...

Oil prices ticked higher on Thursday after slipping over 2% on Wednesday, the lowest in more than three months on concerns over weakening demand in the world's second-largest oil consumer China and the US. Today, Brent crude futures gained 0.8%, to ...

Oil prices saw some relief on Tuesday on concerns over weak demand in the world's second-largest oil consumer China, with investors keenly awaiting trade data due later today to gauge demand from Beijing. Brent crude futures slipped 0.3%, to $84.95 per ...