Petroleum Prices
Rising fuel prices: Diesel at record high, gasoline nears record high as rates rise again
Image source: PTI Rising fuel prices: Diesel at record high, gasoline nears record high as rates rise again Gasoline and diesel prices hit record highs across the country on Thursday after rates were hiked by 25 paise and 30 paise per liter respectively. The price of gasoline has been increased to Rs 101.64 per liter …
Royal Dutch Shell price can reach 1750p if crude oil prices reach $ 90
Royal Dutch Shell’s price action continued to rise on Wednesday, as the increase that oil inventories received from rising crude oil prices continues. Crude oil prices hit $ 80 as supply shortages in the US Gulf Coast’s production belt pushed prices higher. Oil stocks such as those of Royal Dutch Shell have been a big …
Why hedging oil purchases is a win-win situation for Kenya
Chroniclers Why hedging oil purchases is a win-win situation for Kenya Wednesday, September 29, 2021 An employee of a gas station in Nairobi. PHOTO FILE | NMG By RUFUS MWANYASIMore from this author Summary The government’s policy of stabilizing consumer prices against unpredictable fluctuations in world oil prices is proving to be a costly affair …
Oil surpasses $ 80, highest in nearly three years | Business and Economy News
Oil has rebounded this year as the vaccine rollout stimulates demand for energy, leading to lower US inventories. Brent oil has climbed above $ 80 a barrel, a sign that demand is exceeding supply, depleting stocks amid the global energy crisis. The main crude benchmark rose for a sixth day to its highest level since …
Pakistan has lowest petroleum prices, Senate says
ISLAMABAD, September 27 (APP): Energy Minister Hammad Azhar on Monday informed the Senate that the prices of petroleum products in Pakistan were lower than 127 countries. Closing debate on the motion presented by Bahrmand Khan and Mushtaq Ahmed regarding the recent rise in oil prices, the minister said the government has given tax relief of …
Weekly Fundamental Oil Price Forecasts
US West Texas Intermediate and international benchmark Brent crude oil futures ended higher last week amid supply concerns, as global demand continues to improve as pandemic conditions ease. . “The tight supply continues to benefit inventories in all regions,” ANZ Research said in a note. Last week, December WTI crude oil was $ 73.61, up …
Nigeria aims to increase oil production in 2022
ABUJA – Nigeria said it aims to produce 1.88 million barrels per day of crude oil next year and that the budget will be based on the benchmark price of $ 57 per barrel, calling it a production target. ” very conservative “while the country’s economy is struggling. Africa’s most populous country has been hit …
The resurgence of COVID-19 has not significantly changed the outlook for oil
Efforts to keep crude prices around $ 65 for Brent, the international standard, have been complicated by the delta variant of the novel coronavirus COVID-19. “We have relaxed our pricing outlook for the remainder of 2021, thanks to the delta variant,” said Farzin Mou, vice president of intelligence at data analytics firm Enverus and co-author …
Oil prices near $ 74, their highest level since July
The combination of growing demand and tight supply pushed up crude prices for a fifth straight week. West Texas Intermediate on the New York Mercantile Exchange weathered Monday’s $ 1.68 drop to increase the remainder of the trading week, including a $ 1.74 jump on Wednesday. Prices rose 68 cents on Friday to close at …
BP closes UK oil yards due to driver shortage, Energy News, ET EnergyWorld
LONDON (Reuters) – Oil company BP said on Thursday it had temporarily closed some of its service stations in Britain after its ability to transport fuel from refineries was hit by a shortage of truck drivers throughout industry. “We are having fuel supply issues at some of our UK retail locations and have unfortunately seen …
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Oil Prices Rise To Two-Month Highs Amid Supply Concerns
A worker holds a nozzle to pump gasoline into a vehicle at a gas station in Mumbai, India on May 21, 2018. REUTERS / Francis Mascarenhas / File Photo US crude inventories fall to lowest since October 2018, according to EIA High natgas prices support the rise OPEC + strives to keep prices around $ …
ONGC organizes student study visits to its oil fields under ‘Azadi Ka Amrit Mahotsav’, Energy News, ET EnergyWorld
New Delhi: Under the aegis of the Ministry of Petroleum and Natural Gas (MoPNG), Oil and Natural Gas Corporation Limited (ONGC) organized several student visits to its oil fields in different regions of India, as part of of ‘Azadi Ka Amrit Mahotsav.’ The energy company organized visits by students from Kendriya Vidyalaya and engineering schools …
Bhupesh Baghel, Automotive News, ET Auto
Bhupesh Baghel, Chief Minister of Chhattisgarh Raipur: Expressing resentment against the central government for not allowing Chhattisgarh to produce ethanol from paddy, Chief State Minister Bhupesh Baghel said on Tuesday that the state has infrastructure and a surplus of paddy for the production of ethanol. Addressing the inaugural event of the two-day “Vanijya Utsav” here …
ILUS International Inc (OTCMKTS: ILUS) shares reach new high: doubled in one week
Mergers and acquisitions firm ILUS International Inc (OTCMKTS: ILUS), which is primarily involved in the tech space, has seen its shares become a major player over the past week. The stock continued to be the center of attention yesterday and managed to post gains of 34%. This took his gains from last week to 100%. …
Washington’s attack on oil and gas could backfire
That the Biden administration and the Democratic-majority Congress set their sights on the oil and gas industry as the ultimate culprit of climate change was clear even before last year’s election. Now it looks like Washington is doubling down on its pledge to crack down on oil and gas in any way it can. But …
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Oil drops to $ 74 due to US Gulf risk aversion and production
Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford / File Photo Dollar strengthens, number of US platforms weighs on crude benchmarks Investors Consider Fed Policy Meeting This Week For Tapered Indices US Gulf oil production is gradually returning to …
Gasoline and diesel prices could rise as global oil prices rise to record highs
State-run fuel retailers may soon raise gasoline and diesel prices due to rising international oil prices, ending month-long relief for consumers – initially due to small cuts price, then holding prices at the pump for about two weeks, people in the know said. Retail gasoline and diesel prices are likely to be affected by soaring …
Fuel Prices Steady for Two weeks amid volatile global oil market, Energy News, ET EnergyWorld
Auto fuel prices in the country have maintained stability amid volatile global oil prices as crude is on the rise again. The petroleum marketing companies (WTO) kept the pump prices of automotive fuels, gasoline and diesel unchanged on Sunday, the 14th consecutive day without revision, as they preferred to wait and observe the world oil …
Businessmen reject rising prices for petroleum products
KARACHI: The business community has rejected the recent price hike for petroleum products and called on the government to immediately withdraw its decision, a statement said on Saturday. The Pakistan Federation of Chambers of Commerce and Industry (FPCCI) businessmen panel, while rejecting the massive increase of up to 5.92 rupees / liter, urged the government …
U.S. crude and fuel inventories fall below 2018 levels
U.S. inventories of the most used crude oil and refined petroleum products have now fallen below 2018 levels, according to energy research service HFI Research. underline. According to data compiled by HFI Research, U.S. inventories of the so-called Big Four (crude oil, gasoline, distillate and jet fuel) are combined, below 2018 levels, according to data …
80% of Kenya’s crude oil in Turkana cannot be tapped, says Tullow
By BRIAN NGUGI More than 80% of Kenya’s estimated 2.85 billion barrel oil reservoir remains inaccessible for commercial exploitation due to limitations in extraction technology, UK oil company Tullow said in a program update exploration in Turkana County. The company said a new audit of the Turkana oil fields revealed a larger reservoir – commonly …
Bilawal rejects ‘massive’ oil price hike
PPP President Bilawal Bhutto Zardari. Photo: file KARACHI: PPP chairman Bilawal Bhutto Zardari on Thursday rejected the recent “massive” price hike for petroleum products and said the government was pillaging the population. Criticizing the PTI-led federal government, the PPP chairman said: “The whole nation is crying over record inflation and Khan Sahib is fiddling with.” …
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Oil hits one-week high as US supply concerns dominate
A maze of crude oil pipes and valves is pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, United States, June 9, 2016. REUTERS / Richard Carson Hurricane Ida impact cuts US supplies Brent ranging from $ 70 to $ 74 for three weeks OPEC sees Delta coronavirus variant …
Gasoline and diesel prices unchanged; this is what you have to pay in your city today September 12, 2021
Gasoline and Diesel Prices: The price of gasoline in Delhi is Rs 101.19 per liter, while diesel is available at Rs 88.62. In Mumbai, gasoline is sold at Rs 107.26 while diesel costs Rs 96.19 Representative image. Bernard Gagnon / Wikimedia Commons Gasoline and diesel prices remained static on Sunday. In Delhi, gasoline costs Rs …
Oil gains for 2nd session as lower US production supports, Auto News, ET Auto
Brent added 23 cents, or 0.32% to $ 72.83 a barrel at 02:21 GMT and West Texas Intermediate (WTI) crude rose 15 cents, or 0.22%, to $ 69.45 a barrel . SINGAPORE: Oil prices rose for a second session on Thursday, recovering from earlier losses as lower US production in the Gulf of Mexico following …
Strategic Oil Reserves Rise As Gulf Oil Stays Offline
Through Sheela Tobben to 9/4/2021 (Bloomberg) – The United States is granting a second Louisiana refiner access to the country’s emergency crude stocks, as most oil rigs in the Gulf of Mexico remain offline after Hurricane Ida. Placid Refining Co. will receive 300,000 barrels of crude from the Strategic Petroleum Reserve, the Energy Department said …
Kelyniam Global Inc. (OTCMKTS: KLYG) Stock Rockets 293%: what’s the buzz?
Kelyniam Global Inc. (OTCMKTS: KLYG) jumped 293% last week after reporting its second quarter 2021 financial results. The company reported total revenue of $ 1.224 million, a decrease of 3.25 % of revenue from $ 1.27 million a year ago. Additionally, Kelyniam’s operating profit was $ 47,167 compared to $ 181,395 a year ago, while …
Gasoline and diesel prices today: Fuel rates remain static for fifth day in a row | Check out the latest prices here
On August 29, 2021, gasoline and diesel prices remained unchanged for the fifth day in a row across the country. State-owned petroleum marketing companies (WTO) did not raise gasoline and diesel prices on Sunday. In the national capital, the price of a liter of gasoline sells for Rs 101.49 per liter and diesel is available …
Could Venezuela become the Afghanistan of Latin America?
The Biden administration, along with U.S. intelligence and military agencies, were stunned by the gains the Taliban made in seeing them seize the Afghan capital Kabul and take power earlier this month. The rapid collapse of the US-backed government and its security forces came as a total surprise to Washington. The assassination in early July …
Oil hedge fund optimism fades: Kemp
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 prices have hit record highs since May as COVID remains “an elephant in the room”
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 …
PIA: Financial Experts Increase Prospects for Foreign Exchange Market Stability
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 …
Oil prices stable after US call for more oil raises supply concerns, Energy News, ET EnergyWorld
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 …
S&P 500, Dow Dive Amid Lower Oil Prices As Virus Concerns Rise
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 …
Indian Oil Corporation Rating – Maintained: Q1 Consolidated EPS Up 2.7x YoY
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 …
Gulf States Accelerate Asset Sales, Energy News, ET EnergyWorld
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 prices drop slightly, but seek to end volatile week little changed
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 …
The price of gasoline exceeds 100 rupees in 19 states; Know how much tax you pay to the state, at the center
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 …
Gasoline and diesel prices remain at record highs
[ad_1] 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 …
The opposition pak denounces the government of Imran Khan for the rise in the prices of oil and basic necessities
[ad_1] ANI | Update: Jul 18, 2021 8:28 AM STI Islamabad [Pakistan], July 18 (ANI): The Pakistan People’s Party (PPP) criticized the ruling Imran Khan government for raising the prices of oil and commodities in the country.Former Senate Speaker Senator Mian Raza Rabbani said Pakistan’s Tehreek-e-Insaf government was giving concessions to the elite by removing …
Business panel rejects rising oil prices
[ad_1] KARACHI: The Panel of Businessmen of the Pakistan Federation of Chambers of Commerce and Industry (FPCCI) rejected the increase in the prices of petroleum products for the second consecutive fortnight before Eid-ul-Azha, a statement said on Saturday. The government has authorized a price hike for petroleum products and liquefied petroleum gas (LPG) at a …
Dana Gas from UAE shoots Dh678m from Kurdistan region of Iraq and Egypt – best since 2016
[ad_1] Dubai: Dana Gas, a private company in the United Arab Emirates, generated revenues of 678 million dirhams in the first six months from its operations in the Kurdistan region of Iraq and Egypt – its best result in five years. Dana Gas owns a 35% stake in Pearl Petroleum at KRI, and sales of …
India’s WPI inflation for June drops to 12.07% as food and crude oil prices fall
[ad_1] A worker unloads crates of tomatoes from a truck at a vegetable store in Coonoor, Tamil Nadu | Representative image | Dhiraj Singh | Bloomberg file photo Text size: A- A + New Delhi: Inflation based on wholesale prices eased slightly to 12.07% in June, as crude oil and food products experienced some weakening …
Center sitting on fuel tax Rs 25 lakh cr; Oil price will dominate parliamentary session: Congress
[ad_1] Stating that the issue of inflation and rising fuel prices will dominate the session of parliament from July 19, top Congress leader Mallikarjun Kharge said on Monday that the Center raised 25 lakh crore through the fuel tax, but that it does not use that fund for welfare. people or give it to state …
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Rising oil price tide could reduce big deficits in energy-producing provinces
[ad_1] Alberta’s February budget hadn’t even been tabled before rising crude prices overwhelmed its cautious earnings outlook. On February 24, West Texas Intermediate closed at US $ 61.39 per barrel, more than a third above the budget estimate of $ 46 for fiscal year 2021-22. Four months later, oil prices rose again – briefly touching …
Rising oil prices can only help Shell so much
[ad_1] The recovery in the price of oil has taken a boot off Royal Dutch Shell’s neck. The second boot of the energy transition remains firmly in place. Europe’s largest oil major by market value on Wednesday reported strong second-quarter operating results and said it would boost shareholder returns. It will pay 20-30% of second …
Why Modi’s government is alarmed by edible oil prices but not gasoline and diesel
[ad_1] Illustration: Ramandeep Kaur Text size: A- A + New Delhi: Crude oil and edible oil have been the two main commodities that have driven inflation up in the country in recent months. Their prices have risen sharply over the past six months, mainly due to the high taxes the government imposes on them. As …
RBI Shouldn’t Print Money to Fund Budget Deficit, Leading Economist Says
[ad_1] In an interview with PTI, Chakraborty – the director of the National Institute of Finance and Public Policy (NIPFP) – said that high inflation is certainly a concern and that there is a need to stabilize inflation at a level manageable. “I think this debate started at the start of the pandemic and printing …
Oil commodities start in July with mixed price adjustments – Manila Bulletin
[ad_1] As July enters its first week, fuel budgets are not really favorable to consumers, as oil prices are expected to rise again this week, especially for gasoline-based products, although a hiatus is scheduled for kerosene-based products. 16823 As inferred from the oil companies‘ initial calculation, prices will increase from P 0.55 to P 0.65 …
Oil prices hover around US $ 75 a barrel after OPEC + delays production increase
[ad_1] Oil maintained its gains and remained near US $ 75 a barrel after the Organization of the Petroleum Exporting Countries and their allies (known as OPEC +) delayed a much-anticipated decision on raising levels of production. New York oil futures traded close to US $ 75 after jumping 2.4%. OPEC + was forced to …
New Mexico hopes for oil and gas windfall as US recovers from COVID-19
[ad_1] New Mexico’s oil and gas production this spring is back to levels not seen since the COVID-19 pandemic hit the state and nation last year, propelling the Land Enchantment to overtake Dakota from North as the second largest oil producer in the United States In April 2020, a month after the onset of the …
19 US oil and gas pipelines are completed this year
[ad_1] U.S. operators have completed, started construction or announced a total of 19 petroleum liquids pipeline projects so far this year, the Energy Information Administration (EIA) mentionned Friday. Two pipelines have so far been completed in 2021, while 17 projects are either under construction or announced, according to the latest data from the EIA’s Liquid …
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India again urges OPEC to phase out oil production
[ad_1] The OPEC logo pictured before an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS / Ramzi Boudina NEW DELHI, June 24 (Reuters) – India’s Petroleum Minister Dharmendra Pradhan on Thursday again urged the Organization of the Petroleum Exporting Countries to phase out …
“The main reason for the rise in oil prices …”, explains Oil Minister Dharmendra Pradhan
[ad_1] As fuel prices continue to dig into the pockets of all consumers, Dharmendra Pradhan, Union Minister of Oil and Natural Gas, reiterated that gasoline’s upward trajectory is driven by global prices rough. “There has been a rise in the prices of crude oil in the international market. One of the main reasons for the …
Gasoline and diesel prices rose on Tuesday. Petrol approaches Rs 98 in Delhi
[ad_1] Fuel Prices: National gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and diesel prices today: PGasoline and diesel prices were increased in subways on Tuesday, June 22, 2021, according to information provided by Indian Oil Corporation (IOC). In New Delhi, gasoline prices were increased by 28 …
Venezuelan oil boss predicts increase in production, despite infrastructure collapse and US sanctions
[ad_1] Through Erik Schatzker, Alex Vasquez and Patricia Laya at 06/21/2021 Venezuelan Oil Minister Tareck El Aissami (Bloomberg) – In Venezuela, queuing at a gas station – sometimes for days – has become so routine it’s hard to imagine life without. But go see Tareck El Aissami, the Minister of Oil, and you will find …
“Legacy of UPA oil bonds hurts consumers today”: government sources
[ad_1] The regime of former Prime Minister Dr Manmohan Singh is today blamed for the plight of consumers. New Delhi: A “financial fraud” played by the government of the UPA (2004-2014) using the instrument of oil bonds is responsible for the suffering of Indian consumers today, according to government sources. They also accused the “non-politicians” …
China’s new tax law threatens region’s oil refiners
[ad_1] Last month, on May 14, China announced a new tax on the consumption of mixed aromatics, light cycle oils and bitumen blends, which is expected to be instituted less than a month later on June 12. . keeping a close eye on Chinese oil consumption to see what impact the consumption tax of 1,218 …
Oil prices will rise next week – Manila Bulletin
[ad_1] As global oil prices edged up to $ 73 a barrel by the end of the trading week, Filipino consumers will be in even more of a hurry next week, with domestic pump prices expected for larger increases. Based on the calculations of the oil companies, gasoline prices could climb by 0.70 to 0.80 …
Gasoline and diesel prices rose on Friday. Gasoline above Rs 103 in Mumbai Check prices here
[ad_1] Fuel Prices: National gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and Diesel Prices Today: Gasoline and diesel prices were hiked in all four subways on Friday, June 18 to new all-time highs, according to Indian Oil Corporation. In Delhi, gasoline prices were increased by 27 …
Gasoline and diesel prices did not change on Thursday. Petrol above Rs 96 in Delhi Check prices here
[ad_1] Fuel Prices: National gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and Diesel Prices Today: Gasoline and diesel prices are unchanged across all four subways on Thursday, June 17, according to Indian Oil Corporation. In Delhi, gasoline prices are stable at Rs 96.66 per liter and …
Gasoline and diesel prices rose on Wednesday. Gasoline approaches 103 rupees in Mumbai Check prices here
[ad_1] Fuel prices today: National gasoline and diesel prices vary from state to state due to VAT Gasoline and Diesel Prices Today: Gasoline and diesel prices were again increased in all four subways on Wednesday, June 16, according to Indian Oil Corporation. In Delhi, gasoline prices were increased by 25 paise from Rs 96.41 per …
Gasoline And Diesel Prices Today In India: Gasoline And Diesel Rates Today In Delhi, Bangalore, Chennai, Mumbai, Hyderabad And Other Cities
[ad_1] Gasoline and Diesel Rates Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Gasoline and diesel prices remained unchanged on Tuesday, after undergoing a rate revision just a day ago. The price of gasoline in Delhi today costs Rs 96.41 per liter, while diesel in the capital sells today for Rs 87.28 per liter. Rates have …
Government to spend additional RM 4.22 billion on fuel subsidies this year due to rising global oil prices
[ad_1] The government has said that an additional RM4.22 billion is expected to be spent this year on fuel subsidies due to rising global oil prices, Malaysian mail reports. The amount will be used to maintain the price ceilings that have been set for gasoline, diesel, liquefied petroleum gas (LPG) and RON 95 cooking oil, …
Iraq sees oil prices between $ 68 and $ 75 a barrel in second half
[ad_1] Iraq, OPEC’s second-largest oil producer, said crude prices would hover between $ 68 and $ 75 a barrel in the second half of the year. The price range is expected due to a commitment to OPEC + production has declined, Iraqi Oil Minister Ihsan Abdul Jabbar told reporters at the Baghdad International Book Fair. …
Are Oil Prices Heading Towards $ 100 A Barrel?
[ad_1] On June 1, 2021, Jeremy Schwartz, Global Head of Research at WisdomTree and regular host of the Behind the Markets podcast, was joined by Mobeen Tahir, Associate Director of Research at WisdomTree, to welcome Erik Gilje, Professor of Finance at the University of Wharton School of Business in Pennsylvania. The topic was petroleum, and …
Oil hits multi-year highs with third weekly gain on recovery in demand
[ad_1] By Laila Kearney NEW YORK (Reuters) – Oil prices hit new multi-year highs on Friday, closing a third straight week of gains on an improving outlook for global demand as rising COVID-19 vaccination rates help curb the pandemic. Brent crude futures were at $ 72.69 a barrel, up 17 cents after hitting their highest …
Inflation data and strong demand push oil prices to two-year highs
[ad_1] Through Andres Guerra Luz at 6/10/2021 (Bloomberg) –Oil hit its highest level in more than two years, supported by higher-than-expected U.S. inflation data and prospects of strong demand. Futures in New York rebounded after falling 1.8% earlier Thursday, following news of the removal of US sanctions against a former Iranian oil official. Crude found …
Canadian oil industry bullish as prices rebound
[ad_1] Canada’s oil and gas industry is increasingly optimistic about its near-term future as economies recover and oil prices recover. Yet the industry faces growing challenges in the medium to long term, primarily in the form of the never-ending battle over pipeline carrying capacity and the environmental and activist emergency of shareholders to hold the …
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Oil prices climb on signs of strong recovery in fuel demand
[ad_1] Oil prices rose for a second session on Wednesday on signs of strong demand for fuel in Western economies, as the prospect of a return to Iranian supplies faded as the US Secretary of State faded. said sanctions against Tehran were unlikely to be lifted. Brent crude futures rose 32 cents, or 0.4%, to …
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Oil prices retreat but the outlook remains positive
[ad_1] Oil prices extended Tuesday’s losses on profit taking and a stronger US dollar, but general optimism about the recovery in demand kept prices low. Brent crude was down 37 cents, or 0.5%, at $ 71.12 a barrel at 1:35 p.m. GMT, after falling 0.6% on Monday. US West Texas Intermediate oil fell 27 cents, …
Prices at the pump fluctuate as demand declines and crude oil prices rise
[ad_1] RICHMOND, Va. (WHSV) – After 10 days of stability, AAA reports that the national gas price average rose by a dime over the weekend, but the Virginia average fell by a dime for the week and 17 cents from last month. Harrisonburg is also said to be down a cent. AAA says prices are …
Gasoline and Diesel Prices Today: Fuel prices are rising again after a day’s difference. Check out the latest prices here
[ad_1] Gasoline and diesel prices increased again on June 6, 2021. Check out the latest prices here. (Representative image) STRONG POINTS After remaining stable yesterday, gasoline and diesel prices rose further on Sunday. Automobile fuel now costs over Rs 100 in various cities and the price of gasoline remains the highest in Sri Ganganagar, Rajasthan. …
TFSA Investors: This Global Energy Giant Could Benefit From Rising Oil Prices
[ad_1] Home ” Invest ” TFSA Investors: This Global Energy Giant Could Benefit From Rising Oil Prices TransGlobe (TSX: TGL) (NASDAQ: TGA) is engaged in the exploration, development and production of crude oil and natural gas in Egypt and Canada. The Company regularly reviews potential acquisitions and new international exploration blocks to complement TransGlobe’s exploration …
Oil prices to rise again next week – Manila Bulletin
[ad_1] Filipino motorists will again have to shell out a higher budget for their fuel consumption next week as prices are expected to rise at the pumps. Oil companies said diesel products could increase from 0.55 P to 0.65 P per liter; while gasoline prices by a marginal upward adjustment from P0.10 to P0.20 per …
Oil prices are trading near their two-year high, but ‘jury is still out’ on recovery in demand
[ad_1] Oil prices hit their highest levels in more than two years, and are expected to end the week with a gain of more than 4%, with traders betting that the recovery in demand this summer will cause crude supplies to tighten. The recovery in demand, however, is not a sure thing. “There are a …
Dividends are the next oil catalyst. Here are the actions that could benefit from it.
[ad_1] Text size Oil pump jacks in Cushing, Okla. Photograph by JOHANNES EISELE / AFP via Getty Images Executives in the oil and gas industry now have a clear message: investors want them to become more efficient, not to grow. And they want companies to return more money to shareholders through dividends and share buybacks. …
Higher-than-expected crude draw fuels the rise in oil prices
[ad_1] The American Petroleum Institute (API) on Tuesday announced a drop in crude oil inventories of 5.36 million barrels for the week ending May 28. Analysts had predicted a drawdown of 2.114 million barrels for the week. The week before, API reported a drop in oil inventories of 439,000 barrels after analysts predicted a decline …
Ringgit strengthens as oil prices continue to rise
[ad_1] KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today as the price of oil continues to strengthen. At 9:02 am, the local currency rose to 4.1250 / 1257 against the greenback at Tuesday’s close of 4.1265 / 1283. ActivTrades trader Dyogenes Rodrigues Diniz said the greenback was trading flat against the …
Gasoline will cost less tomorrow but it remains an inflation risk
[ad_1] Through Edward West 1h ago Share this article: ShareTweeterShareShareShareE-mailShare AUTOMOBILISTS will benefit from a 10 cents per liter (c / l) drop in the price of 95 ULP gasoline, while refined diesel (0.005% sulfur) will increase by 21c / l due to the effects of the price increase global oil prices and a lower …
Oil price hits 2-year high
[ad_1] Oil price hits 2-year highCredit to the private sector; Weekly oil market; inflation gauge; China data What happened? Last week, world crude oil prices rose more than 4% to their highest levels in more than two years. Implications: Rising oil prices will keep the global focus on inflation and, in turn, investors will wonder …
RBI set to keep benchmark interest rate on Friday, experts say
[ad_1] MUMBAI: Amid concerns about inflation and lingering uncertainty about the second wave of the COVID-19 pandemic, the Reserve Bank of India (RBI) is expected to keep the benchmark interest rate at existing levels during its next monetary policy review, experts believe. The next bimonthly monetary policy review is expected to be announced on June …
Gasoline, diesel prices at record high, gasoline crosses 100 rupees mark in Mumbai, check prices here
[ad_1] Gasoline and Diesel Rates Today in Delhi, Bangalore, Chennai, Mumbai: Fuel Prices Rise in All Subways Gasoline and Diesel Prices Today: Gasoline and diesel prices were increased in all four subways on Saturday May 29. In the national capital, gasoline prices were increased by 26 paise from Rs 93.68 per liter to Rs 93.94 …
Gasoline crosses 100 rupee mark in Mumbai as fuel prices rise on Saturday
[ad_1] Gasoline Breaks Rs100 In Mumbai As Fuel Prices Rise On Saturday | Photo credit: BCCL Highlights OMCs including BPCL, IOCL and HPCL review fuel prices every morning at 6:00 a.m. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges Mumbai became the country’s …
More producer price increases are expected
[ad_1] Through Siphelele Dludla 1h ago Share this article: ShareTweetShareShareShareE-mailShare JOHANNESBURG – PRODUCER prices in South Africa are expected to continue rising in the short term after increasing the most in two and a half years last month. Data from Statistics South Africa (StatsSA) yesterday showed that the Producer Price Index (PPI) for finished manufactured …
Oil prices plunge amid concerns over possible return of Iranian supply
[ad_1] Oil prices fell on Thursday as concerns over demand in India and the potential for increased supplies from Iran offset optimism about the summer driving season in the United States and Europe. Brent fell 60 cents, or 0.9%, to $ 68.27 a barrel at 11:21 a.m. GMT. U.S. West Texas Intermediate (WTI) crude fell …
Gasoline and Diesel Prices Hit New Highs; Gasoline approaches Rs 100 Mark in Mumbai Check prices here
[ad_1] Fuel Prices: Domestic gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and Diesel Prices Today: On Thursday, May 27, gasoline and diesel prices rose in all four subways. liter at Rs 84.61 per liter, according to the Indian Oil Corporation. Gasoline is approaching the Rs 100 …
Will the fight against Exxon’s activist investors lead to the Woods Ouster? | Rigzone
[ad_1] (Bloomberg) – An unprecedented fight over who should sit on the board of Exxon Mobil Corp. turns into a referendum on CEO Darren Woods as a decades-long struggle by climate activists comes to a head. Activist investor Engine No. 1 LLC wants to replace a third of Exxon’s board of directors in a bid …
Hibiscus Petroleum to Sell 3.7 Million Barrels of Crude Oil in FY21, 3Q21 Profits Rise 12.5% to RM32 Million
[ad_1] by ASILA JALIL / photo by TMR FILE HIBISCUS Petroleum Bhd aims to deliver three more offtakes during the last quarter of its fiscal year ended June 30, 2021 (FY21), reaching approximately 3.7 million barrels sold in total. The independent oil and gas exploration and production company sold a total of 874,944 barrels of …
Oil companies turn off taps as fear of civil war grows in Colombia
[ad_1] America’s top Latin American ally and region’s fourth-largest oil producer Colombia finds itself shaken by anti-government protests who are now in their third week. It even rekindled fears of a new civil war in the conflict-torn Andean country. Colombia’s anti-government protests began with a nationwide strike on April 28, 2021 called by various civil …