Shares of oil marketing companies (OMCs) such as ONGC, Oil India, Chennai Petroleum Corporation, and GAIL dropped up to 5% on the BSE on Wednesday as crude oil prices continued to decline, reaching their lowest close since December and erasing all gains for the year. Shares of ONGC declined to the day’s low of Rs […]
Oil stocks drop up to 5% as crude prices plummet Read More »
Paint stocks rally on falling oil prices: Shares of paint companies were trading higher on Wednesday, rising up to 5 per cent on the BSE, on the back of a fall in crude oil prices. Crude oil is a key component in the production of certain raw materials used in the manufacturing of paints, such
Asian Paints, Indigo Paints, Kansai gain up to 5% on falling oil prices Read More »
Oil prices dropped more than 3% on Tuesday after Bloomberg News reported that a deal was imminent to resolve a dispute that has halted Libyan production and exports, pushing prices to their lowest since around the beginning of the year. The news of more crude supply possibly returning to the market came as prices had
Brent crude tumbles below $75/bbl on reports of potential end to Libya dispute Read More »
Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy – Sep 03, 2024, 8:29 AM CDT Oil prices fell early on Tuesday with Brent breaking below the $75 threshold for the first time this year as concerns about global oil demand continued to trump Libya’s production decline. As of 9:21 a.m.
Brent Plunges Below $75 as Bearish Sentiment Builds Read More »
Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Aug 31, 2024, 6:00 PM CDT Africa’s largest oil producers, like Nigeria and Libya, have struggled to capitalize on recent high oil prices. International
Why Africa Is Missing Out on The Oil Boom Read More »
By Irina Slav – Aug 19, 2024, 2:04 AM CDT Oil prices declined this week due to weak economic reports from China, signaling a potential decrease in demand. Despite ongoing tensions in the Middle East and the Russia-Ukraine conflict, the bearish sentiment from China’s economic data prevailed. China’s gasoline exports in July fell over 35%
Oil Prices Dip on Weak Chinese Economic Data Read More »
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Why Would a Chipmunk Drink My Gasoline? Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Aug 16, 2024, 5:00 PM CDT U.S. average gasoline prices fell week over week on Friday, at $3.42 per gallon—the cheapest Friday since March, according to Gas
Gasoline Prices Fall as Summer Driving Season Winds Down Read More »
Oil drilling rigs Oil prices declined on Friday, but they are heading for their second straight weekly gain, supported by positive economic data and eased recession concerns. Brent crude futures for October delivery fell 0.36%, or $0.29, to $80.75 a barrel, at 08:21 Makkah time. Similarly, futures prices for US West Texas Intermediate (WTI) crude
Oil prices fall, on track for second straight weekly gain Read More »
Oil prices are slowly but surely recovering after four consecutive weeks of declines, with Brent nearing $80 as geopolitical risk and demand optimism boost bullish sentiment. Friday, August 9th, 2024 Recovering from Monday’s giant stock selloff, oil prices are set for a much-needed weekly gain after four straight week-over-week losses as ICE Brent flirts with
Brent Flirts With $80 as Recession Fears Ease Read More »
