Brent Crude
Business  /  Published 16.05.22

Aramco profit surge

Oil giant Saudi Aramco said Sunday its profits soared more than 80 per cent in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and ...
By AP in Dubai

Business  /  Published 11.05.22

Russian crude holds its lure

Brent crude price fell on Tuesday because of concerns over a global slowdown and depressed demand from oil guzzler China on account of a spate of Covid-lockdowns. Besides, Saudi Aramco cut its Asian ...
By R. Suryamurthy

Business  /  Published 22.03.22

EU sanction threat fires up crude price

Oil prices jumped more than $6 on Monday, with Brent crude climbing above $114 a barrel, as European Union nations considered joining the US in a Russian oil embargo and after a weekend attack on Saud...
By Reuters, PTI in Mumbai, London

Business  /  Published 19.03.22

Crude moves above $100

Meanwhile, output from the Opec+ producer group in February undershot targets even more than in the previous month, sources said, while the International Energy Agency said oil markets could lose thre...
By Reuters in London

Business  /  Published 11.03.22

Oil prices bounce back after steep drop

While oil from the world’s second-largest exporter is being shunned over its invasion of Ukraine, comments from UAE officials sent conflicting signals. Energy minister Suhail al-Mazrouei said o...
By Reuters in London


India  /  Published 07.03.22

Hike for petrol & diesel prices

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses accumulated from keeping rates steady for over four months in the run-up to assembly elections in five...
By Our bureau and PTI in New Delhi

Business  /  Published 03.03.22

Brent soars above $112, inflation fears rise

The benchmark Brent crude soared above $112 per barrel on Wednesday as fighting intensified in Ukraine. The decision by the International Energy Agency to release crude from its reserves also failed t...
By Our Special Correspondent in New Delhi

Business  /  Published 25.02.22

Cabinet in a huddle as Brent tops $105

Oil prices jumped on Thursday, with the benchmark Brent crude rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to...
By Our Special Correspondent in New Delhi

Business  /  Published 01.01.22

Oil heads for biggest gain since 2016

Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the Covid-19 slump and producer restraint, even as infection...
By Reuters in London

Business  /  Published 03.12.21

Oil cartel sticks to old output hike plan

Opec and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves and the new Omicron coronavirus variant wou...
By Reuters in London


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