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NEW DELHI, April 9 : Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted. Brent crude futures were up $1.96, or 2.07 per cent, at $96.71 a barrel at 0325 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.60, or 2.75 per cent, to $97.01 a barrel. Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest dec ...Read More >
Mumbai: Crude oil prices saw a steep fall on Wednesday after the US and Iran agreed to a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil for April delivery dropped nearly 18 percent to Rs 8,775 per barrel, down from Rs 10,669. The fall came after a strong rally in recent days, where prices had touched record highs. The sudden drop reflects heavy selling by traders as fears of supply disruption reduced. Global oil falls below USD 100 The impact was seen globally as well. B ...Read More >
New Delhi, April 6 (SocialNews.XYZ) Saudi Arabia on Monday increased the price of its flagship crude as state-owned Saudi Aramco has set the official selling price of its Arab Light crude for May shipments at a record premium of $19.50 per barrel over the regional benchmark for Asian buyers. The steep hike comes as energy flows through the Strait of Hormuz face severe disruptions, according to reports. The move follows heightened tensions linked to the ongoing conflict involving the US, Israel ...Read More >
New Delhi [India], April 5 (ANI): Congress General Secretary Jairam Ramesh on Sunday said that both Chief Election Commissioner Gyanesh Kumar and External Affairs Minister S Jaishankar are unlikely to respond to the party's recent questions concerning BJP's Puducherry President and Raj Bhavan constituency candidate VP Ramalingam and Latchiya Jananayaga Katchi (LJK) chief Jose Charles Martin hosting a Sri Lankan diplomat in Puducherry. Replying to Congress spokesperson Pawan Khera's post on X, R ...Read More >
Mumbai, April 5 (SocialNews.XYZ) Indian stock markets ended their sixth consecutive week lower, with benchmark indices slipping nearly 0.5 per cent amid heightened volatility triggered by a mix of global uncertainties and domestic concerns. Investors are now bracing for another eventful week, where the Reserve Bank of India's policy decision, escalating geopolitical tensions, and surging crude oil prices are expected to dictate market direction. The holiday-shortened week began on a weak footi ...Read More >
New Delhi, April 1 (SocialNews.XYZ) International crude oil prices on Wednesday pared early gains and fell nearly 3 per cent from the day's high, as optimism over a possible easing of the US-Iran conflict weighed on markets. Brent crude futures slipped to an intraday low of $102.79 per barrel, down about 2.9 per cent from the day's high of $105.86. At the time of writing, Brent was trading around 1 per cent lower at $103.19 per barrel. Similarly, US West Texas Intermediate (WTI) crude dropped ...Read More >
New Delhi: Global oil markets were jolted at the beginning of this week as Brent Crude Oil surged past $115 per barrel after fresh missile attacks by Yemen's Houthis widened the West Asian conflict. Brent's jump to $116 per barrel Monday reflects market fears over potential disruptions to critical oil supply routes and export hubs. Apart from the Houthis' entry into the war launched by the US-Israel coalition against Iran, the spike also comes after US President Donald Trump's comments that he ...Read More >
(The views expressed here are those of the author, a columnist for Reuters.) By Clyde Russell LAUNCESTON, Australia, Nov 28 (Reuters) - Asia's imports of crude oil ticked up slightly in November, led by a recovery by top importer China, but arrivals are still on track to be weaker this year than in 2023. The top crude-buying region is forecast to import 26.42 million barrels per day (bpd) in November, up marginally from October's 26.11 million bpd and 26.24 million bpd in September, according ...Read More >
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