Monday, February 17, 2025 | 11:06 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Crude Oil Supply

Opec+ mulls delaying April oil supply restart amid market concerns

The OPEC+ alliance first unveiled its plans for gradually reviving production in June last year, but with oil demand growth slowing in China and new supplies across the Americas swelling

Opec+ mulls delaying April oil supply restart amid market concerns
Updated On : 17 Feb 2025 | 4:12 PM IST

Oil falls on rising US crude stocks, hawkish Fed comments on inflation

Brent futures were down 77 cents or 1 per cent at $76.23 a barrel by 1230 GMT, while US West Texas Intermediate (WTI) crude dropped 88 cents or 1.20 per cent to $72.44 a barrel

Oil falls on rising US crude stocks, hawkish Fed comments on inflation
Updated On : 12 Feb 2025 | 7:58 PM IST

Oil falls in choppy trade after Trump repeats pledge to boost US production

Trump on Thursday repeated a pledge to boost US oil production in order to lower commodity prices, saying the country will produce more oil than anyone has ever seen before

Oil falls in choppy trade after Trump repeats pledge to boost US production
Updated On : 06 Feb 2025 | 11:27 PM IST

Higher production likely to help revive investor sentiment in ONGC

Brent crude oil price per barrel averaged $75 in Q3 (vs $80.7 in Q2), with weak demand and comfortable supply

Higher production likely to help revive investor sentiment in ONGC
Updated On : 04 Feb 2025 | 11:03 PM IST

Russian oil refining increases as US sanctions disrupt crude exports

Russian refining runs rose by 2 per cent, or by 108,000 barrels, to 754,800 metric tons a day on Jan 15-19 from the first week of the year, according to the sources

Russian oil refining increases as US sanctions disrupt crude exports
Updated On : 27 Jan 2025 | 9:23 PM IST

'India's gain lies in Donald Trump's peace deals in Gaza, Ukraine'

The expansion in US LNG capacity could lead to a global oversupply by the decade's end, potentially lowering prices

'India's gain lies in Donald Trump's peace deals in Gaza, Ukraine'
Updated On : 23 Jan 2025 | 12:51 AM IST

Crude Oil: Here's your trading strategy for January 9; target price & more

On Wednesday, Brent crude was down around 1.2 per cent to $76.16/bbl, while US West Texas Intermediate crude fell around, or 1.05 per cent, to $73.47/bbl

Crude Oil: Here's your trading strategy for January 9; target price & more
Updated On : 09 Jan 2025 | 11:49 AM IST

Oil prices surge as Russia, Opec supply drop, US crude stocks decline

Brent crude was up 69 cents, or 0.90 per cent, at $77.74 a barrel at 0954 GMT. US West Texas Intermediate crude climbed 87 cents, or 1.17 per cent, to $75.12

Oil prices surge as Russia, Opec supply drop, US crude stocks decline
Updated On : 08 Jan 2025 | 4:22 PM IST

Oil prices edge higher on imminent Opec+ decision, geopolitical turmoil

In the Middle East, Israel said on Tuesday that it would return to war with Hezbollah if their truce collapses and that its attacks would go deeper into Lebanon and target the state itself

Oil prices edge higher on imminent Opec+ decision, geopolitical turmoil
Updated On : 04 Dec 2024 | 4:22 PM IST

Opec+ delays online meet on oil production, supply curbs to Dec 5

The group is set to discuss whether to proceed with reviving supplies, beginning with an increase of 180,000 barrels a day in January

Opec+ delays online meet on oil production, supply curbs to Dec 5
Updated On : 28 Nov 2024 | 11:14 PM IST

Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025

Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose

Goldman Sachs sees gold at $3,150 per ounce, oil at $100 a barrel in 2025
Updated On : 27 Nov 2024 | 11:14 PM IST

OPEC+ production cuts may support oil prices in near term: Goldman Sachs

OPEC+, which includes members of the OPEC and allies such as Russia, is discussing a further delay to a planned oil output hike that was due to start in January

OPEC+ production cuts may support oil prices in near term: Goldman Sachs
Updated On : 27 Nov 2024 | 11:48 AM IST

Russia now largest crude oil supplier to India, accounts for over 35%: Puri

Speaking at the FIPI Oil and Gas Awards Ceremony, the minister highlighted the dramatic shift in India's oil sourcing over the past two years

Russia now largest crude oil supplier to India, accounts for over 35%: Puri
Updated On : 26 Nov 2024 | 11:31 PM IST

Russia's seaborne crude oil exports fall to lowest since September

Four-week average flows slipped by about 150,000 barrels a day in the period to Nov. 17, driven lower by the biggest drop in weekly exports since early July

Russia's seaborne crude oil exports fall to lowest since September
Updated On : 19 Nov 2024 | 5:56 PM IST

Reliance likely to move Dubai crude team to India in global trade rejig

In 2021, Reliance, controlled by billionaire Mukesh Ambani, announced the opening of an office in UAE to trade oil and refined fuels including petrochemicals

Reliance likely to move Dubai crude team to India in global trade rejig
Updated On : 26 Oct 2024 | 12:28 AM IST

Finance Ministry to consider scrapping windfall tax on crude: Govt official

The imposition of windfall tax on crude oil was introduced in 2022 to address excessive profits during high prices

Finance Ministry to consider scrapping windfall tax on crude: Govt official
Updated On : 23 Oct 2024 | 11:54 PM IST

Crude Oil: Here's your trading strategy for October 17; target price & more

Crude oil prices have been steadier on Thursday around $70.50/b in Asian hours, ahead of the weekly EIA inventory release from the US.

Crude Oil: Here's your trading strategy for October 17; target price & more
Updated On : 17 Oct 2024 | 11:17 AM IST

West Asia tensions may disrupt oil supplies if attacks reach Hormuz Strait

At present, the prospects for oil are looking better for consumers like India despite the escalating hostilities

West Asia tensions may disrupt oil supplies if attacks reach Hormuz Strait
Updated On : 03 Oct 2024 | 11:33 PM IST

OMCs set to invest over Rs 2 trillion to meet India's growing oil demands

Projected capacity increases aim to address domestic energy needs and enhance global supply

OMCs set to invest over Rs 2 trillion to meet India's growing oil demands
Updated On : 28 Sep 2024 | 12:04 PM IST

Suez crisis: Houthi attacks disrupt India's diesel trade and oil business

Houthi missile strikes on tankers have threatened the competitiveness of Indian fuel exports, prompting out-of-the box solutions like hiring VLCCs to transport fuels

Suez crisis: Houthi attacks disrupt India's diesel trade and oil business
Updated On : 23 Sep 2024 | 11:30 PM IST