adminWhy is oil and gas PSU stock ONGC the lone star amid the US-Iran war? Explained
US-Iran war: While most oil and energy stocks took a beating amid Middle East tensions, ONGC’s share price showed resilience amid the sell-off. In one month, ONGC shares have shed…
Why the US is Suddenly Letting 140 Million Barrels of Iranian Oil Hit the Market
The Trump administration on Friday granted Iran a “temporary waiver” to sell oil already at sea — estimated at roughly 140 million additional barrels — a move expected to enable…
Markets Raise Bets on Bank of Canada Hikes as Oil Fears Mount
(Bloomberg) — Markets see the Bank of Canada hiking interest rates more aggressively this year amid surging oil prices and hawkish messaging from peer central banks. Traders in overnight interest…
OPEC extends crude oil production pause amid geopolitical tension
The Organization of the Petroleum Exporting Countries (OPEC) declared on Sunday its decision to maintain consistent crude oil output levels through March — the final phase of a three-month supply…
Oil prices settle lower as traders assess impact of winter storm on production
HOUSTON, Jan 26 (Reuters) – Oil prices settled slightly lower on Monday after climbing more than 2% in the previous session as investors assessed the impact on output in U.S.…
Why is Reliance buying Venezuelan crude oil from US that costs more than Middle Eastern imports? Expert questions
Oil refining giant, Reliance Industries, will likely spend more money buying Venezuelan crude oil from the United States, compared to what the company would spend buying from the Middle Eastern…
7 key things that changed for market overnight – Gift Nifty, crude oil to gold, silver prices
Stock market today: The Indian stock market is likely to open on a subdued note on Thursday, January 8, tracking mixed cues in Asian markets. Meanwhile, early trends in Gift…
Exxon Mobil shares jump 5% in pre-market trade on NYSE after Donald Trump signals access to Venezuela’s oil reserves
Shares of Exxon Mobil were trading higher in pre-market trade on the NYSE on Monday, 5 January, surging 5% to $126.33 apiece as demand for US oil companies on Wall…
Oil Market May Absorb Maduro Shock Amid Abundant Global Supplies
While the capture of Venezuelan President Nicolas Maduro following US airstrikes marks a seismic geopolitical development, early reports suggest that the global oil market will largely take the move in…
Oil gains as investors weigh Middle East tensions
Dec 29 (Reuters) – Oil prices rose in early Asian trading on Monday as investors weighed Middle East tensions that could disrupt supply, while a major hurdle remains in the…
