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Oil import

Govt mulling buying energy from Russia
Print

Govt mulling buying energy from Russia

  • Inter-ministerial meeting is expected to be held in Ministry of Foreign Affairs (MoFA) on Monday (today) to discuss different aspects of the proposal
Updated 27 Jun, 2022 10:12am
Oil prices sending jitters
BR Research

Oil prices sending jitters

And just when the global economy was returning to normal as coronavirus pandemic weakens, the Ukraine-Russia war has...
Published 09 Mar, 2022 08:24am
Oil prices climb
Markets

Oil prices climb

NEW YORK: Oil prices edged higher on Monday, supported by a weaker US dollar but gains were capped by concerns about...
Published 20 Apr, 2021 03:59am
Oil rises but remains rangebound as COVID-19 cases soar
Markets

Oil rises but remains rangebound as COVID-19 cases soar

  • However, the crude prices have remained rangebound in the past three weeks, with Brent between $60 and $65 a barrel and WTI at $57 to $62.
  • "Oil prices are entering a consolidation phase after swinging wildly last month," said oil broker PVM's Stephen Brennock.
Published 12 Apr, 2021 05:59pm
Oil falls as inventories rise and vaccine rollout stalls
Markets

Oil falls as inventories rise and vaccine rollout stalls

  • Brent crude fell 50 cents, or 0.74%, to $67.50 a barrel by 1150 GMT after dropping 0.82% on Wednesday.
  • Short-term developments - stuttering vaccine rollouts and the build in US oil inventories - are driving sentiment, but the longer-term oil outlook is still encouraging.
Published 18 Mar, 2021 05:22pm
Oil guzzler India says OPEC+ decision to hit economic recovery
Markets

Oil guzzler India says OPEC+ decision to hit economic recovery

  • As one of the largest crude-consuming countries, India is concerned that such actions by producing countries have the potential to undermine consumption-led recovery and more so hurt consumers, especially in our price-sensitive market.
  • "The decision by OPEC+ has saddened us. It is not good news for India, China, Japan, Korea and other consuming nations," Pradhan said.
Published 05 Mar, 2021 08:32pm