Oil prices Slip as USD Strengthens, China’s Covid-19 Grief Reduces Demand
Oil prices fell on Tuesday to extend 2% losses in the previous session amid a stronger US dollar, and a rise in COVID-19 cases in...
Tag : Oil Prices
Oil Climbs Nearly $4 as OPEC+ Weighs Largest Output Cut Since 2020
On Monday, oil prices climbed almost USD 4 as OPEC+ considers decreasing output by more than 1 million barrels per day (BPD) to buttress prices...
ONGC, Oil India Shares Gain up to 6%, After Govt Hikes Gas Prices
In Monday’s intra-day trade, shares of state-owned oil exploration companies Oil India and Oil and Natural Gas Corporation (ONGC) gained up to 6 per cent...
Oil Rises on Rebounding Chinese Demand
On Thursday, oil surged after sliding 1 per cent in the previous session on the prospect of higher Chinese demand and geopolitical risks. Brent crude...
IEA Lowers 2022 Oil Demand Forecast Amid Economic Growth Fears, China Lockdowns
In its monthly report, the International Energy Agency (IEA) lowered its forecast for global oil demand in 2022. This is attributed to the faltering growth...
Prices Of Oil Increase As Supply Unpredictability Grows
Oil prices increased on Monday due to a constrained supply failing to keep up with the still-strong demand, the appearance of barriers in the Iranian...
Oil Price Rises 2% Saudi Output Boost Expected
On Friday, Oil prices rose 2.5 per cent after an immediate Saudi oil output boost which was not expected. The comment during US President Joe...
Oil Rates Fall 2% as US Refiners Ramp Up Output, Equities Retreat
Oil prices reversed course and fell over 2 per cent after the government as per data showed US refiners ramped up output, easing worries of...
Oil Prices Fall More Than 1%
Oil prices fell more than 1 per cent in a volatile week on Thursday as economic worries and fears of a recession gripped global financial...
Oil Prices Fall for 3% Weekly on Emergency Stocks
On Friday, Oil prices inched up but were set to fall around 3 per cent for the week after consuming countries agreed to release 240...