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Oil Muted As Price Cap Proposal Eases Supply Concerns
A bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.
Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price For Russia's Oil
Dec 31, 2022 05:15 PM
Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil.
Oil Prices Fall 2% As Chinese Demand Worries Linger
Dec 31, 2022 05:15 PM
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 05:15 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 05:15 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 05:15 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 05:14 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.
Wall St Falls As U.S. Crude Oil Shakes Off Losses
Dec 31, 2022 05:14 PM
While a surge in COVID cases and clashes between police and protesters across several major Chinese cities over the weekend helped push U.S. Treasury yields lower, that move had also reversed course in afternoon trading.
India Purchased 40% Of Seaborne Russian Urals Oil In November: Report
Dec 31, 2022 05:14 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.
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