Crude Oil News and Headlines
- PetroChina expects oil demand recovery after record 2022 profit 03/31/2023The state energy giant produced 2.1% more crude oil last year at 906.2 million barrels (2.5 million barrels per day), and natural gas output rose 5.8% to 4,675 billion cubic feet (bcf). PetroChina ...
- KTR’s open letter to Centre on fuel prices 03/31/2023In an open letter to the Centre, Rao slammed the Centre and accused the NDA government of looting and deceiving the public by citing international crude oil prices. “In 2013 when the cost of crude oil ...
- Why is India so thirsty for Russian oil? 03/31/2023How much Russian oil is India buying? - India is the world's third-largest crude consumer after the United States and China, and imports 85 percent of its needs. Previously its main suppliers were in ...
- India’s Russian oil imports set to break fresh records with deal between Rosneft and IndianOil 03/31/2023Russia has in recent months become India’s largest oil supplier, overtaking both Iraq and Saudi Arabia which have been our traditional top suppliers in recent years. (Bear in mind that the share of ...
- Vietnam needs USD 11.5 bn to expand national fuel storage capacity by 2030 03/30/2023The investment would raise the country's crude oil and refined fuel storage capacity to 75-80 days of net imports, Dau Tu newspaper reported. Vietnam would need investment of up to 270 trillion dong ...
- Crude oil dips a tad on mixed Chinese data 03/30/2023Crude oil traded marginally lower on Friday morning as data from China showed mixed economic activities. At 9.54 a.m., the June Brent oil futures were trading at $78.48, down 0.15 per cent, and May ...
- Rupee vs US dollar: INR rises to 82.12 versus USD 03/30/2023Rupee vs US dollar: The rupee gained 21 paise vs dollar on Friday. Crude oil benchmarks gained earlier in the session before sliding into the red and the US dollar index remained largely unchanged.
- Oil prices gain as China factory activity expansion lifts demand hopes 03/30/2023US West Texas Intermediate (WTI) crude rose 17 cents, or 0.23 percent, to $74.54, having gained about 8 percent this week. Oil prices climbed in early Asian trade on Friday as sentiment was boosted by ...
- Telangana IT Minister KTR asks Centre to apologise to nation for fuel price hike 03/30/2023In a strongly-worded open letter to the Centre, he said that the BJP-led government was burdening the common man by increasing fuel prices.He said that the Central government was looting the public by ...
- Crude oil rises as China factory activity expansion lifts demand hopes 03/30/2023Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at $79.42 a barrel at 0146 GMT.
- Oil steadies as US crude draw offset by Russian supplies, stronger dollar 03/29/2023Brent crude futures were unchanged at $78.28 a barrel at 0020 GMT. West Texas Intermediate U.S. crude fell 6 cents, or 0.1%, to $72.91 a barrel.