Tag: Crude oil
Oil is unsteady following a near-6% drop due to economic concerns
Early on Monday, oil prices fell as investors refocused on tight supply, however, the mood remained shaky following a 6% drop the previous day on ... Read More
On strong US demand and China optimism, oil is hovering near a 13-week high
On Thursday, oil prices remained at 13-week highs, supported by strong demand in the world's largest consumer, the United States, while demand in China is ... Read More
Despite global supply concerns, oil remains around a two-month high
On Friday, oil prices were hovering around a two-month high, with Brent crude on track for its greatest weekly gain in 1-1/2 months, boosted by ... Read More
Oil prices are rising as demand grows and supply tightens
Oil prices surged in early trade on Wednesday, buoyed by limited supplies and the expectation of increased demand as the US summer driving season approaches. ... Read More
Even as reduced demand threatens to limit increases, oil prices continue to rise
Early Friday trade saw oil prices rise, but they were poised for their first weekly losses in three weeks as concerns about inflation and China's ... Read More
In FY22, India’s oil import cost more than doubled to $119 billion.
In the fiscal year that ended on March 31, India's crude oil import bill then doubled to $119 billion, as global energy prices skyrocketed following ... Read More
Russia offers oil to India at steep discount of $35 a barrel to pre-war price
Russia has offered oil to India at a steep discount of $35 barrel on prices before the war as mounting international pressure lowers the appetite ... Read More