Crude

Crude Oil

India may Draw on Oil Reserves to Soften Prices as Ukraine's Invasion Disrupts Global Supplies

India may tap its emergency oil stockpile to cool off prices that have surged on concerns that Russia's invasion of Ukraine will disrupt global supplies.

Crude Oil

After Shell, TotalEnergies Also Strikes Oil in Namibia Well with ‘Very Promising Results’

Following Shell’s recent oil discovery in Namibia, French oil major TotalEnergies has also made a significant discovery of light oil with associated gas on the…

Crude Oil

Russian Crude Trades at Record Low Versus Brent on Sanctions Fears

Russian Urals crude oil differentials in Northwest Europe have slumped to record lows this week as threats of further sanctions and potential credit issues kept…

Oil Price

Prolonged Ukraine Crisis, High Crude Prices may Push India's Import Bill up by 15 Per Cent: Experts

The surge in Brent oil to USD 105 a barrel for the first time since 2014 driven by the escalation of the Ukraine crisis has triggered fears of a disruption to t…

Oil Price

Oil Hovering Around $100 may Give a Crude Shock to Inflation, CAD, GDP

Brent crude oil crossed $100 a barrel on Thursday for the first time since 2014 prompted by the Russia-Ukraine conflict.

Natural Gas

Why Europe Is So Dependent on Russia for Natural Gas

Europeans have been suffering under painfully high energy prices in the lead-up to Russia launching an attack on Ukraine on Thursday morning.

Oil Price

Oil Tops $105/bbl After Russia Attacks Ukraine

Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia's attack on Ukraine exacerbated c…

Crude Oil

Sinochem Completes China’s First Blockchain Warehouse Receipt Pledge for Crude Oil

Sinochem, China’s fourth-largest state-controlled oil company, has carried out the country’s first digital warehouse receipt pledge for crude oil, using 66 Cl…

Oil Price

Oil Prices Could Jump by $20 if Ukraine Crisis Worsens, Warns BofA

Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research s…

Crude Oil

Norway’s January Oil Output Sinks Below Predictions

Norway’s oil production in January 2022 fell behind the Norwegian Petroleum Directorate’s predictions by 2.3 per cent, while the gas output also experienced a…

Crude Oil

India Expects Fuel Demand to Grow 5.5% in the Next Fiscal Year

India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick-up in industrial acti…

Crude Oil

Factbox: Asian buyers of Russian oil, gas and coal

As the Ukraine-Russia crisis intensifies, Brent crude futures have hit fresh seven-year highs as analysts warn trade sanctions may have implications for Asian c…

Crude Oil

Oil Rises and Natural Gas Surges 8% as Russia Orders Troops to Ukraine

Energy prices, notably natural gas and crude, climbed sharply, amid the threat of a full-scale invasion of Ukraine by Russia.

Crude Oil

India Move to Fill up Crude Oil Storages

Indian Strategic Petroleum Reserves Limited issues tenders to fill up the reserves at Visakhapatnam and Mangalore

Crude Oil

Global Mobility Resumes Path to Recovery After Asian COVID-19 Setbacks

Oil demand markers in most of the world’s biggest oil consuming countries recovered in the week to Feb. 14, according to mobility data, with markets emerging f…