Sector Crude Oil - Latest news, views and updates

Union Minister Puri assures no crude oil shortage, ample refining capacity

SECTOR | 29 Oct 2024

Business Standard

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Tuesday said there is no shortage of crude oil in the world and enough refining capacity in the country to meet the domestic requirements. Referring to geopolitical tensions in the Middle East, the minister said it was his personal assessment that things will calm down, noting that it is in everybody's interest not to allow exaggeration to take place because everyone suffers. "There is no shortage of crude oil in the world," said Puri while replying to a question on the sidelines of an event regarding 'Rozgar Mela' here. "Prior to all these developments, the total amount of crude, which was produced in the world, was close to 105 million barrels a day. OPEC+, a group of producing countries, voluntarily cut about 5 million barrels (a day). "If you talk to them, they will say they do not deal with prices but if you limit the quantity which comes into the market, then you are obviously affecting prices. It came down to 97

Crude oil strategy today, Oct 29: Short the rally; WTI resistance at $70

SECTOR | 29 Oct 2024

Business Standard

Oil price today: Crude oil prices tumbled 6 per cent on Monday, with Brent settling under $72 and WTI at $67.38

Crude oil posts marginal gains following US SPR refill plans

Business Line | 29 Oct 2024 4 more

Oil prices slide 5% after limited Israeli retaliatory attack on Iran

Business Standard | 28 Oct 2024

As Crude Fades, Big Oil Must Borrow To Pay Investors

NDTV Profit | 28 Oct 2024

Crude oil futures dip after Israeli attack avoids Iranian oil facilities

Business Line | 28 Oct 2024

Crude oil to remain volatile in Samvat 2081 amid OPEC+ production cuts

Business Standard | 28 Oct 2024

Oil price swings won't derail IndiGo's long-term growth: Sandip Sabharwal

SECTOR | 28 Oct 2024

Economic Times

The base case is that obviously there will be some loans which will go bad, etc. So, the space is decently poised I would think at this point of time

Oil prices likely to fall after Israel shows restraint in strikes on Iran

SECTOR | 27 Oct 2024

Business Standard

Iran on Saturday played down Israel's overnight air attack against Iranian military targets, saying it caused only limited damage

Oil prices likely to fall after Israel shows restraint in strikes on Iran

Business Line | 27 Oct 2024

Crude oil trades higher as market monitors developments in West Asia

SECTOR | 25 Oct 2024

Business Line

At 9.56 am on Friday, December Brent oil futures were at $74.50, up by 0.16 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $70.28, up by 0.13 per cent

Oil prices rise 1% as tensions in West Asia heighten supply concerns

Business Standard | 24 Oct 2024