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Oil & Gas
Oil Approaches $120 as EU Considers Ban on Russian Crude
Fitch Ratings says the outlook for the global economy has 'deteriorated significantly' as inflation rises and Russia’s invasion of Ukraine threatens global ene
Oil & Gas
India's Energy Dilemma: Is Cheap Russian Oil Worth Tensions with West?
India, Asia’s third-largest economy, faces a dilemma. It hopes to increase imports of Russian oil, currently an abundant source in a tight market, but the move
Oil & Gas
Oil Jumps as EU Weighs Russian Embargo
Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a w
Oil & Gas
Oil Settles Volatile Week Below US$105
In the past week, the price of US crude oil, which briefly topped US$130 a barrel amid concerns that the conflict in Ukraine will squeeze energy markets, eased
Oil & Gas
Diesel Price for Bulk Esers Hiked Rs 25/litre; Private Retailers Stare at Closure
Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the us
Oil & Gas
Oil Climbs on Pressure From Ukraine Conflict, Tight Market
Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their
Energy Economy
Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices
Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.
Oil & Gas
Oil Jumps as Russia-Ukraine Talks Stall
Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the
Oil & Gas
Crude Oil Falls to $100, Eases Inflationary Worries
Crude oil prices fell to $100 a barrel on Tuesday, from a high of $139 last week, easing worries for consumers and the economy facing inflationary headwinds.
Oil & Gas
Oil Market Heads for ‘Biggest Supply Crisis in Decades’ with Russia’s Exports Set to Fall, IEA Says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, IEA said Wednesday.
Oil & Gas
WTI Crude Dives Below $100 on China Demand Concern
WTI crude dived more than five percent Tuesday to fall back below $100 a barrel as concerns about a possible slowdown in China's economy lead investors to rethi
Oil & Gas
Wall Street Stocks Rally, Oil Prices Fall Ahead of Fed Meeting
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 8, 2022. REUTERS/Brendan McDermidThe three main Wall Street stock
Oil & Gas
Indian Govt to Make Calibrated Interventions to Keep Fuel Prices Under Control
Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup in the Wholesale Price Index is directly related to t
Oil & Gas
Saudi Considering China’s Yuan for Oil Purchases
Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.
Oil & Gas
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
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