Oil price

Gasoline and diesel rates remain unchanged as international oil prices continue to fall

Fuel prices remain stable for the fourth day in a row as state-run oil companies maintain rates amid falling international oil prices. Fuel prices are expected to decline if the trend continues. Check out the latest gasoline and diesel prices. Fuel prices in the country are expected to fall as …

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Oil bounces back as market takes advantage of lower prices

Fundraising after 7% drop on Monday amid COVID-19 concerns U.S. crude inventories set to fall for the 9th week in a row OPEC + deal to increase oil supply adds pressure Coming soon: API Weekly Oil Inventory Data at 4:30 p.m. ET / 2030 GMT NEW YORK, July 20 (Reuters) …

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Fuel rates rise again, petrol at 100.21 yen per liter in Delhi

Gasoline prices have crossed ₹100 per liter in Delhi and Calcutta on Wednesday after fuel retailers hiked gasoline prices by 35 paise per liter and diesel by 17 paise in the early hours of the morning, even as international crude oil prices fell on Tuesday following an inconclusive meeting of …

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Jet fuel demand set to increase 30% in summer

The airline industry is at a critical inflection point. Regular vaccination deployments and declining infection rates in most Western economies allow commercial travel to resume after more than a year of stoppage. Altered vacation trips, postponed family reunions, newborn meetups, weddings, attending memorial services for loved ones are the new …

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Data-rich week could lead to price swings in oil markets

Daniel Graeber, Corresponding June 7, 2021Update: June 7, 2021 at 5:35 am A series of reports updating demand forecasts could lead to price swings in oil markets this week. Elizabeth Conley, Houston Chronicle / Staff Photographer Monthly market reports from OPEC, EIA and IEA could result in a volatile week …

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Top-tier hedge funds bet on little-known oil company

A high-profile hedge fund group is hoping to turn the tide of a crumbling battered North Sea oil and gas company in which they have built significant positions as energy prices soar. Taconic Capital, CQS and Kite Lake Capital are among the funds that hold positions in Norwegian Energy Company …

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US trillion dollar infrastructure security crisis

Last Friday, a cyberattack shut down America’s largest energy infrastructure, the Colonial Pipeline System, which supplies nearly half of the gasoline and diesel consumed by the East Coast. The attack naturally led to a rise in gasoline prices and a race on gas as drivers worried about impending shortages as …

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Record Metal Prices Catapult Mining Profits Beyond Big Oil

Large oil producers, who for decades were the biggest earners in the natural resources industry, are being eclipsed by once smaller mining peers who are making record profits from burning metals markets. The mining windfall is the latest sign of a boom in iron ore, copper and other metals that …

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Fuel prices unchanged as COVID-19 surge keeps crude stable, Energy News, ET EnergyWorld

New Delhi: Fuel prices in the country remained unchanged on Tuesday as oil marketing companies decided to press pause and analyze global developments before making a review. As a result, the pump price of gasoline and diesel remained at Rs 90.40 per liter and Rs 80.73 per liter respectively in …

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BP Repurchases Shares As Oil Price Recovery Boosts Profits

Oil giant BP BP 1.63% PLC said it would increase shareholder returns after higher oil prices and strong trading results supported its first quarter earnings, the strongest sign to date that a recovery is underway in one of the sectors most affected by the pandemic. Oil companies have gone through …

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