Crude Oil Reserves

Crude Oil Strategy today: Check target price, resistance & other key levels

Oil prices showed marginal recovery on Monday to settle a per cent up at $68.71, following its worst weekly fall since October 2023 as WTI fell 8 per cent and Brent was down 10 per cent.

Crude Oil: Check key trading strategy on July 02, target price and more

Crude oil prices at $83.50, hover near two months high driven by the renewed geo-political risk in the middle east and red sea region along with the threat of Hurricane Beryl

Windfall tax on petroleum crude cut to Rs 3,250 per MT from Rs 5,200

The tax, which is revised every fortnight, remained unchanged at zero for diesel and aviation turbine fuel

Crude Oil: Check key trading strategy on June 13, target price and more

The WTI holding on to support of $78 in Asian hours, retreating from three weeks high of $79.12. hit on Wednesday

Crude oil strategy for June 11: Trend remains weak, WTI eyes support at $76

Oil prices are moving higher after posting three straight weekly declines following Opec+ decision on June 2

Govt allows UAE's Adnoc to export oil from Indian strategic storage

The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an order of the Ministry of Commerce and Industry said on Saturday. At present, crude oil, which is the raw material for producing fuels like petrol and diesel, is not allowed to be exported except through the state-owned Indian Oil Corporation (IOC). In an order, the ministry said the condition of export being allowed only through IOC will continue, but "AMI (Adnoc Marketing International (India) RSC Limited India) is exempted from STE conditions and is allowed to re-export crude oil from their commercial stockpile at Mangalore strategic petroleum reserve, at their own cost". India, the world's third-biggest oil importer and consumer, imports over 85 per cent of its oil needs and has built strategic storages at three locations to store up to 5.33 million tonnes of oil as insurance ...

SLB kicks off oilfield services earnings with fourth-quarter profit beat

The company, formerly called Schlumberger, reported net income, excluding charges and credits, of 86 cents per share, for the three months ended Dec 31

LIVE: No final decision taken yet on INDIA bloc PM face, says Cong chief

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Global oil prices up due to tighter supply, China economy in focus

U.S. West Texas Intermediate crude futures gained 10 cents, or 0.13 per cent, to $81.74

US to buy 3 mn barrels of crude oil to replenish reserve in August

The announcement sent US oil futures 0.5% higher to trade above $71 a barrel.

Iran may drain offshore crude oil cache if nuclear agreement reached

About 93 million barrels of Iranian crude and condensate are currently stored on vessels in the Persian Gulf, off Singapore and near China

Oil falls nearly 13%, most in 2 years after oil stockpile release

Oil settled lower on Friday as members of the International Energy Agency (IEA) agreed to join in the largest-ever US oil reserves release

India to release 5 mn barrels of crude from reserves in bid to cool prices

This coordinated release of crude oil from strategic reserves will be the first of its kind globally

India to release 5 million barrels of crude oil from strategic reserves

India plans to release 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices, a top government official said on Tuesday

House Democrats urge Biden to release oil reserves, put a ban on exports

Democrats in the House of Representatives urged President Joe Biden to release crude oil from the US Strategic Petroleum Reserve (SPR)

Oil prices slip on talks over release of emergency crude reserves

Oil prices dropped on Tuesday on growing talks that the United States, Japan and India will release crude reserves to tame prices

Oil prices at 6-week low as China readies for crude oil reserve release

Brent crude was down 41 cents, or 0.5%, to $79.87 a barrel by 0712 GMT, after earlier dropping to $79.60, the lowest since Oct. 7

China's state reserve bureau says it's working on crude oil release

Beijing also said earlier this month it would tap its state fuel reserves to tame the soaring diesel and gasoline prices.

Oil prices steady after falling on signs US may release more reserves

Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States

Oil steady; US gasoline demand offsets China move to tap oil stocks

Oil prices eased on Thursday on China's plan to release state oil reserves to reduce pressure on domestic refiners and a smaller than expected US weekly crude draw