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Oil prices resume climb after U.S. stockpiles drop in tight market
While prices dipped on Tuesday as it appeared the European Union was unlikely to agree to a ban on Russian oil, the market remains on edge over the prospect of further sanctions on Russia.
Published on Mar 23, 2022 08:20 AM IST
Reuters |
Oil price hike may be delayed as crude plunges below $100
The price of Brent Crude dropped to an almost three-week low of $97.44 per barrel on Tuesday on slower anticipated demand due to surging Covid-19 cases in China, ceasefire talks between Russia and Ukraine, and hope for resumption of the Iran nuclear deal.
Updated on Mar 16, 2022 04:52 AM IST
Rajeev Jayaswal, New Delhi
Oil breaches $100 for first time since 2014 on Ukraine attacks
Russia has launched a full-scale invasion of Ukraine and is targeting cities with weapons strikes, Foreign Minister Dmytro Kuleba said in a tweet.
Published on Feb 24, 2022 10:14 AM IST
Reuters |
Oil near 6-week low as China readies crude reserve release
The bid by the US to cool markets, asking China to join a coordinated action for the first time, comes as inflationary pressures - partly driven by surging energy prices - start to produce a political backlash.
Published on Nov 18, 2021 06:10 PM IST
Reuters |
Oil drops after rallying on signs of rising global fuel demand
The coronavirus is still looming over the market, however, with a resurgence in regions such as India and Brazil clouding the near-term outlook. OPEC+ warned earlier in the week that the flare-up could even derail the recovery.
Published on Apr 30, 2021 10:38 AM IST
Bloomberg |