Recent Highlights
All Stories for West Texas Intermediate
US crude exports to Asia set to rise in Q2 as freight costs fall; Chinese oil buyers likely to stay cautious
• 6 years agoOffers for US crude arriving in Asia in the second-half of March or April are about 50 cents a barrel lower than a month earlier, they said, making it more competitive against oil from the Middle East.
Petrol, diesel prices continue to fall; crude oil climbs more than 1%, but set for first yearly drop since 2015
Fp Staff • 6 years agoCrude oil prices climbed on the final trading day of the year, mirroring gains in stock markets, but were on track for the first yearly decline in three years amid lingering concerns of a persistent supply glut.
Fuel prices cut for fourth consecutive day; petrol rate falls below Rs 70-mark in Delhi for the first time this year
Fp Staff • 6 years agoOil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States though concerns about the global economy continued to weigh.
Oil advances further as US crude hits 7-month high on supply woes
• 9 years agoCrude oil prices have rallied for most of the past two weeks due to a combination of Nigerian, Venezuelan and other outages, declining U.S. output and curtailments of Canadian crude after fires in Alberta's oil sands region
Oil prices fall on global glut fears, slowing US jobs growth
Fp Archives • 10 years agoOil prices have seesawed in recent weeks due to turmoil in global stock markets after a devaluation of its currency and weaker economic data raised concerns about a slowing Chinese economy.
Govt not to hike excise duty on petrol, diesel
Fp Archives • 10 years agoThe four excise duty hikes between November and January had led to about Rs 20,000 crore in additional revenue to the government, helping it meet its fiscal deficit target.