India’s import of Russian oil increased to almost 18% of its total petroleum crude imports in value terms in July. According to the commerce ministry data. India purchased Russian crude oil worth $2.88 billion in July, a slight decrease of 0.4% from the $2.89 billion figure for June. Russian oil represented 17.9% of all petroleum…
India’s crude oil production rose by 4.6% year on year to 2.6 million tonnes (mt) in May 2022. Compared with the target for the month, the output was higher by 2.4%. Progressively, the output during the first two months of FY23 raised around 2% y-o-y to 5.1 mt, while it was higher by 2.9% compared…
Petrol and diesel prices remained the same across the country on August 16, according to a price notification by state-owned fuel retailers. The last increase took the petrol price in Delhi near Rs 102 per litre-mark. The petrol price in New Delhi soared to Rs 101.84 a litre. Diesel prices retailed at Rs 89.87 per litre, according…
Oil was fallen down Wednesday morning in Asia, falling for a third consecutive day as concerns about the increasing numbers of COVID-19 cases globally dampen the fuel demand outlook. Brent oil futures inched down 0.03% to $72.39 and WTI futures edged down 0.20% to $70.42. Both Brent and WTI futures fell on Tuesday to their lowest levels since…
Oil in Asia fell on Friday morning, but caught up largely three days earlier, hoping rising demand would tighten global markets. Brent oil futures were down 0.37% at 5 73.52. WTI futures fell 0.38%. 71.64 and was down 0.3% in early Asian trade after accumulating more than 8% in the previous three sessions. Brent and…
U.S. Energy Information Management (EAA) U.S. Confirming an astonishing structure in the supply of crude oil, the rising Govt-19 cases reduce the global fuel demand outlook. However, the black liquid kept most of its gains from the previous session above expectations that products would be tight by the end of 2021. Brent oil futures rose…
Data showing that China’s crude imports have declined in the first half of 2021 has raised fuel demand. However, the black liquid is still close to a week high as supply concerns persist with the economic recovery from COVID-19. Brent oil futures rose 0.34% to $ 76.23 during the previous session. WTI futures were down…
Oil prices rose on Tuesday, offsetting some of the losses of the previous day as the U.S. Tight supply and expectations for a more balanced supply of crude goods provided support, however, fears about the spreading COVID-19 variant paid off. Brent crude for September was up 19 cents, or 0.3%, at 0.521 to $ 75.35…
Oil in Asia fell on Friday morning, according to data released on Thursday. Demand increased as fuel inventories fell and economic recovery led to consumption. Brent oil futures fell 0.32%. At $73.88, crude oil WTI futures fell 0.18%. $72.81. The U.S. The Energy Information Administration (EIA) crude oil supply data showed a balance of 6.866…
Oil was mixed in Asia on Wednesday morning, but the production dispute between Saudi Arabia and the United Arab Emirates (UAE) continued to hover above $ 73. The controversy has stymied efforts by the Organization of the Petroleum Exporting Countries (OPEC) to boost production as the fuel demand outlook is bright. Brent oil futures down…
