Petroleum Prices

LONDON (Reuters) – Hedge funds have sold oil for the seventh time in nine weeks, as rising coronavirus infections in major oil-consuming markets dampened hopes of a rapid recovery in aviation from long-haul passengers. FILE PHOTO: A pumpjack is seen in Fellows, Calif. April 3, 2010. REUTERS / Lucy Nicholson Hedge funds and other fund …

Oil futures worried about the impact of COVID on prices from the pressure of energy demand since May on Wednesday, despite US government data revealing a weekly drop of more than 3 million barrels national stocks of crude oil. Post the lowest payout for. EIA figures showed a decrease in crude and distillate inventories and …

The enthusiasm for the entry into force of the long-awaited Petroleum Industry Law has sparked a new wave of optimism that the planned wave of investment in the petroleum sector and the planned removal of fuel subsidies will boost simultaneously the supply of currencies and will reduce market pressure. , reports Festus Akanbi For obvious …

SINGAPORE (Reuters) – Oil prices were flat Thursday after two days of gains after a call from the United States, the world’s largest consumer of oil, to major producers to increase production. Brent crude futures edged up 5 cents to $ 71.49 per barrel at 2:16 GMT, while US West Texas Intermediate (WTI) crude futures …

Stocks fell on Monday, losing momentum after hitting all-time highs late last week. Commodity prices fell as concerns over the spread of the coronavirus resurfaced, with crude oil prices trending sharply lower. The S&P 500 fell as shares of oil companies such as Occidental Petroleum (OXY), Apache Corporation (APA) and Diamondback Energy (FANG) fell. The …

The sharp rise in domestic prices and the fall in international prices from the peak have meant that the automotive fuel net trade margin is on track to be in line with our estimate for FY22 of Rs 2.5 / l. IOC GRM is low during FY22-TD and diesel crack recovery is critical for GRM …

DUBAI: Saudi Aramco and other Gulf oil producers follow in Abu Dhabi with plans to raise tens of billions of dollars through sale of stakes in energy assets, capitalizing on rebound in crude prices to attract foreign investors. The movements, in a region traditionally possessive of its refineries, power plants and pipelines, highlight the pressure …

Oil futures fell slightly on Friday, after a three-session rise that allowed prices to rebound from Monday’s decline to the lowest settlements since May. “Traders weren’t sure whether the OPEC + deal was bullish, representing continued cohesion, or bearish, signaling more oil in the market,” Michael Lynch, president of Strategic Energy & Economic Research, told …

Gasoline and diesel prices are at an all time high in India. The prices of domestic fuels have risen sharply since the beginning of May. After an 18-day gap, state-run oil marketing companies resumed daily fuel price revisions on May 4. Since then, the price of gasoline has increased by Rs 10.88 per liter and …

Fuel prices remained unchanged today for the third day in a row, but still remained at record highs in the subways given the continued rise in prices in recent months. Gasoline sells for ₹101.84 in Delhi, while diesel at ₹89.87. In India’s financial capital, Mumbai, gasoline is sold to ₹107.83 per liter, while diesel reached …