Oil drilling rigs Oil prices climbed on Friday, heading for their second consecutive weekly loss, as markets assessed concerns over oversupply and slowing demand. Brent crude futures for January 2026 delivery rose 0.65%, or 40 cents, to $63.79 per barrel as of 09:04 a.m. Makkah time. WTI (Nymex) crude futures for December delivery gained 0.65%, […]
Oil prices rise, head for weekly losses Read More »
Members of Parliament have rejected a government proposal to introduce an open tender system (OTS) for importing cooking gas, a plan that aimed to lower prices and bring the commodity under State regulation, similar to petrol, diesel, and kerosene. The National Assembly Committee on Delegated Legislation said it could not approve the Petroleum (Operation of
MPs Halt Govt Plan to Slash Cooking Gas Prices via Open Tender Scheme Read More »
Copyright © HT Digital Streams Limited All Rights Reserved. Crude prices had surged to a high of $76 per barrel in June, from a four year low of $60 per barrel in May. (Reuters) Summary With anticipated increases in global oil prices, India is proactively expanding its strategic petroleum reserves. New Delhi: As global oil
India moves to refill strategic oil reserves as crude prices expected to rise Read More »
