crude oil news

Crude oil got a shot in the arm after the Organization of the Petroleum Exporting Countries (OPEC)) announced surprise output cuts. The US West Texas Intermediate (WTI) rose by $6.34 to…
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India is the third largest consumer of crude oil at 5.35 million barrels per day (mbpd), behind US (21.2mbpd) and China (15.1mbpd). India imports nearly 85% of its total crude oil…
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Image Source : AP Gasoline prices are seen above $6 a gallon at a filling station in San Francisco Highlights Removing Russian oil from market would make oil prices skyrocket…
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NEW DELHI: A surge in oil prices to $139 a barrel levels triggered a panic selling on Dalal Street on Monday as investors fear a surge in inflation, followed by a sharp reversal in the…
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Image Source : AP (FILE) In this Wednesday, April 8, 2020, file photo, the sun sets behind an idle pump jack near Karnes City, USA.  The price of Brent crude oil went over $130…
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NEW YORK: There is only one way oil prices are going to fall - by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not enough supply to…
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Oil prices climbed to almost $120 a barrel on Thursday, their highest in nearly a decade, as sanctions disrupted Russian oil sales but the rally lost some of its fizz on rising…
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The US and other major economies have agreed on a coordinated release of oil stockpiles after Russia’s invasion of Ukraine pushed crude above $100 a barrel. The International Energy…
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