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Global oil price
Oil Price
Global Oil Prices Drop to $71 as 4th Largest Production Company Cuts Prices for Asia
Global oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi Arabia’s oil giant, Aramco, cut pr…
Oil & Gas Trade
TotalEnergies Expects Lower Q3 Results Amid Outages, Shrinking Refining Margins
French oil major TotalEnergies (TTEF.PA), opens new tab expects its third-quarter downstream results to sharply decrease due to a 65% drop in refining margins i…
Oil Price
Global oil prices rise following Hamas-Israel conflict
A recent analysis by Nairametrics on global crude prices reveals an upswing in oil prices following the Hamas attack on Israel.This is a tragic event that resul…
Oil Price
Suncor Energy's Quarterly Profit Halves on Lower Oil and Gas Prices
Canada's Suncor Energy (SU.TO) on Monday joined its global peers in reporting a sharp drop in quarterly profit, as oil and gas prices retreated from last ye…
Oil Price
Indian Govt to Take all Measures to Provide Relief to Consumers from High Fuel Prices: Puri
Amid skyrocketing global oil prices, Union Minister Hardeep Singh Puri on Monday said the government will take all required measures in the coming months to ens…
EV Market
Higher Petrol Prices Hurt, but Cutting Fuel Excise will Slow Transition to Electric
Australian petrol prices are rising as Russia’s invasion of Ukraine pushes up global oil prices. It’s likely motorists will be paying more than $2.15 a litre …
Oil Price
Petrol, Diesel Price Increase on Wait-and-Watch Mode; CNG Rates Hiked
CNG price in the national capital and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price has been pu…
Oil Price
OPEC Has No Control over Events Roiling Global Oil Markets
OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for the loss of Ru…
Oil Price
Russia-Ukraine Crisis Highlights Need for 'Energy Independence' in PH
The conflict between Ukraine and Russia, which has a direct impact on global oil prices, highlighted the importance of developing more energy sources in the cou…
Oil Price
Global Oil Prices Retreat in Face of Supply and Demand Pressures
Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.
Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge
Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.
Crude Oil
Opec+ to Convene Amid Robust Recovery in Global Oil Prices
The group could raise output by 500,000 to 700,000 bpd
Oil Price
Hike in Petrol, Diesel Rates after Global Oil Price Jump
Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.45 from the previous days of Rs 84.20 a litre while diesel price inc…
Crude Oil
Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021
The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel…
Oil Price
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
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