Brent Crude

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Brent Crude - Total results - 387
Oil prices crawl higher ahead of OPEC Plus meeting on extended output cuts; Brent, WTI prices still down 40%
Business

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
Business

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
Business

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
Business

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
Business

Sensex jumps over 200 points, NSE above 9,390-level in opening trade; RIL, ICICI Bank, HDFC among early gainers

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
Business

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
Business

Stock Market Latest Updates: Benchmark indices erase losses, Sensex, Nifty close marginally lower; auto, bank stocks decline

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
Business

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.

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers
Business

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers

Stock Market Latest Updates: Sensex plummets 886 points, Nifty below 9,150-mark; Tech Mahindra, Infosys among top losers

Oil prices fall as fears of second coronavirus wave take hold, US stockpiles rise
Business

Oil prices fall as fears of second coronavirus wave take hold, US stockpiles rise

Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed US crude inventories are still rising

Oil prices rise after Saudi Arabia pledge to deepen production cuts in June; Brent crude up 1.3%
Business

Oil prices rise after Saudi Arabia pledge to deepen production cuts in June; Brent crude up 1.3%

Oil prices rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain a supply glut built up during the coronavirus crisis

Saudi Arabia triples taxes on basic goods, cuts $26 bn in costs; coronavirus pandemic, low oil prices hit economy
Business

Saudi Arabia triples taxes on basic goods, cuts $26 bn in costs; coronavirus pandemic, low oil prices hit economy

Saudi Arabia's new measures are the most drastic yet by a major Gulf Arab oil producer since oil prices plunged by more than half in March, signalling that neighbouring countries may also seek to impose higher taxes on residents this year.

Oil prices fall 1% as persistent glut weighs on rates; demand plummets 30%, virus pandemic curtails movement
Business

Oil prices fall 1% as persistent glut weighs on rates; demand plummets 30%, virus pandemic curtails movement

The coronavirus pandemic has eroded global oil demand even as some governments began to ease lockdowns.

Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits
Business

Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits

Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products

Oil marketing companies shares drop up to 13% post govt hikes excise duty on petrol, diesel
Business

Oil marketing companies shares drop up to 13% post govt hikes excise duty on petrol, diesel

Shares of oil marketing companies -- Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd -- on Wednesday plunged up to 13 percent, a day after a hike in excise duty on petrol and diesel

Govt to gain Rs 1.6 lakh cr additional revenues this fiscal from record excise duty hike on petrol, diesel
Business

Govt to gain Rs 1.6 lakh cr additional revenues this fiscal from record excise duty hike on petrol, diesel

The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown

Sensex surges over 500 points, Nifty above 9,400-mark in opening trade; RIL, HDFC, ICICI Bank among early gainers
Business

Sensex surges over 500 points, Nifty above 9,400-mark in opening trade; RIL, HDFC, ICICI Bank among early gainers

ONGC was the top gainer in the Sensex pack, rallying over 5 percent, followed by M&M, Bharti Airtel, IndusInd Bank, ICICI Bank, PowerGrid and Tech Mahindra.

Oil prices rise again as output cuts kick in to offset slump in fuel demand; US crude inventories grow less than expected
Business

Oil prices rise again as output cuts kick in to offset slump in fuel demand; US crude inventories grow less than expected

Oil prices gave up some of their earlier gains as the month of May began with more of the volatility that made last month one of the most turbulent in the history of oil trading, when US futures briefly crashed into negative territory.

Stock Market Latest Updates: Sensex soars 997 points, Nifty holds 9,850-level; ONGC, HCL Tech among major gainers
Business

Stock Market Latest Updates: Sensex soars 997 points, Nifty holds 9,850-level; ONGC, HCL Tech among major gainers

Stock market today LIVE Update: Sensex above 33,000, Nifty surges past 9,800-mark; RIL, HUL share prices gain ahead of Q4 results