Nov 09, 2024, at 07:44 pm
New Delhi/IBNS: Union Minister Hardeep Singh Puri emphasized that India’s decision to purchase oil from Russia has played a crucial role in preventing global oil prices from escalating even further.
Oil prices rise by over $1 as OPEC+ delays output hike
Nov 04, 2024, at 08:23 pm
Beijing/IBNS: Oil prices saw further gains on Monday (Nov. 4), climbing more than $1 following OPEC+'s decision to delay a planned production increase by a month.
Oil falls 5% after Israel's counterattack on Iran; Brent crude drops to $71.92 per barrel
Oct 29, 2024, at 07:21 pm
New York/IBNS: Oil prices fell by about $4 per barrel on Monday (Oct. 28) after Israel's weekend counterstrike on Iran left key oil and nuclear sites untouched, easing concerns over potential disruptions to energy supplies.
Global oil prices shoot up for third consecutive day amid escalating Middle East conflicts
Oct 03, 2024, at 08:38 pm
New York/IBNS: Escalating tensions between Israel and Iran in the Middle East have driven global crude oil prices upward, and the situation could worsen following Iran's launch of around 180 ballistic missiles at Israel in response to the deaths of Hamas, Hezbollah, and Iranian military leaders.
Sep 17, 2024, at 08:28 pm
New York/IBNS: Oil prices surged by nearly 2 percent on Monday (Sept. 16), buoyed by continued disruptions to U.S. Gulf Coast oil production, despite ongoing concerns about demand stemming from weak economic data from China.
Oil prices plunge on deflated US interest rate cut expectations, OPEC+ decision
Jun 08, 2024, at 06:25 pm
New York/IBNS: Oil prices plunged on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest United States jobs data that lowered expectations that the Federal Reserve will cut interest rates soon, reports said.
Oil prices rise amid tepid forecast for US crude supply
Mar 13, 2019, at 09:40 am
New York, Mar 13 (Xinhua/UNI) Oil prices rose on Tuesday, as the US Energy Information Administration (EIA) on Tuesday lowered its forecasts for US crude supply for 2019 and 2020.