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Oil Prices Fall 2% As Chinese Demand Worries Linger
U.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.
OPEC+ Meeting To Take Into Account Market Conditions: Report
Dec 31, 2022 05:33 PM
OPEC+'s October decision to reduce production by two million barrels per day (bpd) had played an important role in stabilising global markets, Saadoun, who serves as Iraq's delegate to OPEC, said.
India Shares Defy Global Weakness, On Oil Slide To Close At New Record
Dec 31, 2022 05:33 PM
The NSE Nifty 50 index rose 0.27% to settle at 18,562.75, and the S&P BSE Sensex climbed 0.34% to end at 62,504.80, with both notching closing highs for the third straight session.
India To Receive First LNG Cargo From Indonesia's Tangguh LNG
Dec 31, 2022 05:32 PM
The LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv.
U.S. Crude Turns Positive, Brent Pares Losses On OPEC+ Cut Rumors
Dec 31, 2022 05:32 PM
Price action was volatile. U.S. West Texas Intermediate (WTI) crude settled up 96 cents, or 1.3%, at $77.24, after earlier touching its lowest since December 2021 at $73.60.
U.S. Crude Turns Positive, Brent Pares Losses On OPEC+ Cut Rumors
Dec 31, 2022 05:32 PM
Price action was volatile. U.S. West Texas Intermediate (WTI) crude settled up 96 cents, or 1.3%, at $77.24, after earlier touching its lowest since December 2021 at $73.60.
Oil Prices Slid 2% As Dollar Firms And Central Banks Hike Interest Rates
Dec 31, 2022 05:32 PM
After rising for three straight days, Brent futures fell $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.17, or 1.5%, to settle at $76.11.
India Purchased 40% Of Seaborne Russian Urals Oil In November: Report
Dec 31, 2022 05:32 PM
Russian Urals oil shipments to India accounted for about 40% of the total sea exports of Urals in November, not including the transit of oil from Kazakhstan, which is sold as KEBCO, Reuters calculations showed.
Western Governments Struggle To Agree On Russian Oil Price Cap
Dec 31, 2022 05:32 PM
The plan is meant to punish Russia while at the same time keeping its vast petroleum exports flowing to energy-starved global markets to tamp down inflation.
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