Us Oil Prices

Oil prices see minor dip as US crude stocks rise, easing supply concerns

Brent futures were down 15 cents at $75.89 a barrel by 0916 GMT. US West Texas Intermediate crude dropped 34 cents to $71.91

US becomes India's 5th largest crude oil supplier in Jan as imports surge

Widened sanctions on Moscow by Western countries including the United States have roiled global oil trade and forced buyers of discounted Russian crude to find new ways to maintain their purchases

Oil prices rise despite concerns over US tariffs, trade war risks

Trump said on Sunday that the US is making progress with Russia to end the Ukraine war, but he declined to provide details about any communications with Russian President Vladimir Putin

Markets Today: RBI MPC outcome; FIIs; M&M, ITC Q3; Chamunda IPO allotment

The Reserve Bank of India may cut the benchmark repo rate by 25 basis points to 6.25 per cent later in the day

Iran calls for Opec to unite against potential US crude sanctions

Iran's oil minister Mohsen Paknejad told Al Ghais that imposing unilateral sanctions on crude producers would destabilise energy markets

Opec+ continues gradual oil output increase, excludes US EIA data sources

The meeting comes after Trump imposed tariffs on Mexico, Canada and China, America's top trading partners, in a move that roiled financial markets and gave oil prices some support

Oil posts weekly losses as US ready to impose tariffs on Canada, Mexico

Trump will include a process for Canada and Mexico to seek specific exemptions for certain imports, adding that new tariffs would become effective on March 1

Exxon reports mixed Q4 results with strong production, weak refining profit

Lower corporate costs also enabled the company to beat profit estimates, said RBC Capital Markets analyst Biraj Borkhataria. Earnings from producing gasoline and diesel were $323 million

Chevron posts weak profit as refining biz suffers first loss in four years

Chevron's downstream business lost $248 million in the fourth quarter of 2024, compared with a profit of $1.15 billion in the same period a year ago

Oil prices waver as markets await clarity on Trump's Canada, Mexico tariffs

Investors are also looking ahead to a ministerial meeting by the Organization of the Petroleum Exporting Countries and its allies, together called Opec+, scheduled for Feb 3

Oil prices fall as US crude inventories rise, tariff fear continues

Supply concerns eased after Libya's National Oil Corp said on Tuesday export activity was running normally after it held talks with protesters demanding a halt of loadings at one its main oil ports

Trump revives 'Drill, baby, drill' slogan, fuels debate on US energy policy

The slogan 'Drill, baby, drill' was coined in 2008 by Michael Steele, a Republican politician and the first African-American lieutenant governor of Maryland

Oil prices fall as traders digest Trump tariff reprieve, stronger dollar

Brent crude futures were down $1.52, or 1.9 per cent, at $78.63 per barrel at 1406 GMT. US West Texas Intermediate crude futures were down by $2.14, or 2.8 per cent, at $75.74

US oil refiners face a tough year as investor sentiment turns negative

US refining utilization averaged 90.3 per cent in the fourth quarter, up from 87.6 per cent in the same quarter last year, according to Tudor, Pickering, Holt & Co

Oil prices edge down for second day straight on rising US fuel inventories

Both benchmarks fell more than 1 per cent on Wednesday as a stronger dollar and the bigger-than-expected rise in US fuel stockpiles weighed on prices

Markets today: Fed outcome; Sebi Board meet; MobiKwik, Vishal Mega listing

Indian markets took a sharp hit in the previous session as foreign portfolio investors (FPIs) turned wary ahead of the Fed's policy outcome

Markets today: Nasdaq; Toss The Coin, Jungle Camps listing; US Fed meeting

Early indicators point to a weaker start, as GIFT Nifty futures were trading 51 points lower at 24,687 around 6:31 AM

Trump likely to order changes to encourage domestic oil, gas development

Trump telegraphed similar ambitions on the campaign trail, vowing to "unleash domestic energy production like never before" by ending "delays in federal drilling permits and leases"

Oil prices decline as weaker Chinese retail sales pressure demand

The Fed is expected to cut interest rates by a quarter of a percentage point at its Dec. 17-18 meeting, which will also provide an updated look at how much further Fed officials think they will reduce

Markets today: Nov WPI; Dec PMI flash; MobiKwik, Vishal Mega IPO allotment

In the previous session, the Sensex settled 843.16 points or 1.04 per cent higher at 82,133.12. Similarly, the Nifty ended higher 219.60 points or 0.89 per cent at 24,768.30