Brent Crude
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Why Opposition’s claims on oil price rise are nothing but crude propaganda
Sanju Verma •Fuel prices have risen not only in India, but elsewhere too. Even if one ignores it, the fact is that state government taxes account for 41.67 per cent of the final petrol price
Oil prices surge after attack on storage site in Saudi Arabia; Brent crude crosses $70
•The Saudi Press Agency quoted an anonymous official in the Ministry of Energy as saying that a drone struck an oil storage site in Ras Tunura. The strike did not cause any damage, it claimed.
Oil prices crawl higher ahead of OPEC Plus meeting on extended output cuts; Brent, WTI prices still down 40%
•Brent has doubled over the past six weeks, thanks to supply cuts by the Organization of the Petroleum Exporting Countries and allies, including Russia, a grouping dubbed OPEC+.
Oil prices hold ground ahead of OPEC Plus meeting on extended output cuts; rates still down about 40% for year so far
•OPEC+ producers are considering extending their production cut of 9.7 million barrels per day (bpd), or about 10 percent of global output, into July or August, at an online meeting likely on 4 June,
Oil prices slip as wary traders eye upcoming OPEC Plus meeting, to discuss extending record production cuts beyond June-end
•The price falls in oil come after front-month Brent and WTI prices posted their strongest monthly gains in years in May
Oil prices edge lower as US fuel demand remains weak; worsening US-China tension weigh on financial markets
•Oil prices edged lower on Friday after US inventory data showed lacklustre fuel demand in the world’s largest oil consumer
Sensex jumps over 200 points, NSE above 9,390-level in opening trade; RIL, ICICI Bank, HDFC among early gainers
Fp Staff •ONGC was the top gainer in the Sensex pack, rising around 3 percent, followed by Tata Steel, L&T, HDFC Bank, ICICI Bank, IndusInd Bank and Axis Bank. On the other hand, M&M, ITC, Infosys, Bajaj Auto, TCS and HCL Tech were among the laggards
Oil prices gain for fourth day on signs of output cuts, better demand; Brent crude up 0.7% to $35 per barrel
•Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic
Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline
Fp Staff •Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline
Crude prices mixed after big gains as coronavirus risks offset hopes stockpiles will shrink
•Brent crude was up 1 cent at $31.13 a barrel by 0115 GMT, after rising nearly 7 percent on Thursday.