Oil prices

OPEC+ likely to agree to delay December output hike for one month

Oil prices closed on Friday just above $73 a barrel, supported in part by the prospect of a further delay to the OPEC+ increase. Brent crude is still close to its lowest levels this year, reached in September.

03 November 2024, 16:44 IST

OPEC+ likely to agree to delay December output hike for one month

03 November 2024, 16:44 IST

Oil companies hike commission paid to petrol pump dealers; no change in fuel prices

Petrol and diesel prices will, in fact, fall in states such as Odisha, Chhattisgarh, and Himachal Pradesh due to a rationalisation of intra-state freight.

29 October 2024, 17:09 IST

Oil companies hike commission paid to petrol pump dealers; no change in fuel prices

29 October 2024, 17:09 IST

Oil prices climb as Middle East conflict counters ample supply outlook

Brent crude futures were up 55 cents, or 0.7%, at $78.17 a barrel, as of 0831 GMT. US West Texas Intermediate crude futures were up 50 cents, also 0.7%, at $74.21 a barrel.

04 October 2024, 10:33 IST

Oil prices climb as Middle East conflict counters ample supply outlook

04 October 2024, 10:33 IST

The oil price that matters now is $50 a barrel, not $100

For the last three years, OPEC+ has focused on keeping oil prices as close to $100 as it could by keeping global inventories tight.

03 October 2024, 05:15 IST

The oil price that matters now is $50 a barrel, not $100

03 October 2024, 05:15 IST

Explained | Why the conflict between Iran and Israel has raised oil prices only modestly

The intensifying fighting between Israel and Iran and its proxies, especially Hezbollah in Lebanon, is increasing fears about the oil market, but so far those worries are still being outweighed by factors like weak demand in China and increased oil production in the United States and elsewhere.

02 October 2024, 16:16 IST

Explained | Why the conflict between Iran and Israel has raised oil prices only modestly

02 October 2024, 16:16 IST

Oil prices rise on Middle East supply risks as Israel steps up attacks

Brent crude futures for November delivery increased 16 cents, or 0.22 per cent, to $72.14 a barrel as of 0043 GMT. That contract expires on Monday and the more-active contract for December delivery gained 10 cents, or 0.14 per cent, to $71.64.

30 September 2024, 01:55 IST

Oil prices rise on Middle East supply risks as Israel steps up attacks

30 September 2024, 01:55 IST

Oil companies have headroom to cut petrol, diesel prices by Rs2-3/litre: ICRA

According to the rating agency’s estimates, oil marketing companies’ net realisation was higher by Rs 15 per litre for petrol and Rs 12 per litre for diesel vis-à-vis international product prices in September 2024 (till September 17).

26 September 2024, 10:01 IST

Oil companies have headroom to cut petrol, diesel prices by Rs2-3/litre: ICRA

26 September 2024, 10:01 IST

Oil prices stable after Biden exit while rate outlook remains in focus

News that President Biden decided on Sunday to abandon his re-election bid was not a major factor for oil markets.

22 July 2024, 12:37 IST

Oil prices stable after Biden exit while rate outlook remains in focus

22 July 2024, 12:37 IST

US crude and gasoline inventories fell last week, distillate stocks rose, EIA says

Global Brent and US West Texas Intermediate (WTI) futures were up following the report.

10 July 2024, 16:50 IST

US crude and gasoline inventories fell last week, distillate stocks rose, EIA says

10 July 2024, 16:50 IST

Oil prices steady after large draw from US crude inventories

Oil prices steadied on Wednesday after trading higher on a bigger than expected drawdown in US crude stockpiles while economic headwinds from China and the euro zone capped gains.

03 July 2024, 15:29 IST

Oil prices steady after large draw from US crude inventories

03 July 2024, 15:29 IST