Tag Archives: Livemint

India Requests OPEC to Go Easy on Output Cuts

Petroleum and natural gas minister Hardeep Singh Puri has urged the Organization of the Petroleum Exporting Countries (OPEC) to show sensitivity to oil consuming-nations and curb output cuts. Taking to X, formerly Twitter, Puri said he discussed the global energy scenario during a meeting with OPEC secretary general Haitham Al …

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Oil Prices Settle Lower on Stronger Supply Outlook

Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. Brent futures settled down 81 cents, or 0.9%, at $86.66 …

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Oil Prices Marginally Up amid Volatility

Crude oil prices rose marginally on Thursday amid volatility after the recent steep fall amid recession fears. Around 11.25 am, the September contract of Brent on the Intercontinental Exchange was at $99.80 per barrel, higher by 0.23% from its previous close. The August contract of WTI on the Nymex was …

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India’s Covid Crisis Threatens a Global Oil Recovery

India, the world’s third-largest oil consumer behind the US and China, was meant to be a major driver of oil’s demand recovery as economies reopened. But the country’s devastating health crisis has made that impossible. Everyone from oil traders to the world’s biggest producers are panicking. Indian Prime Minister Narendra …

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