Tag: Crude oil

Oil is unsteady following a near-6% drop due to economic concerns

Ritu- June 20, 2022 0

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

Ritu- June 9, 2022 0

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

Ritu- May 27, 2022 0

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

Ritu- May 25, 2022 0

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

Ritu- May 13, 2022 0

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.

Ritu- April 25, 2022 0

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

Ritu- March 31, 2022 0

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