Oil Prices News - Latest Updates & Headlines
South Korea: Producer prices up for 4th month amid oil price hikes
Seoul, March 21: South Korea's producer prices rose slightly from a month earlier in February on a recent hike in global oil prices, central bank data showed on Friday.
New US sanctions have negligible impact on Russian oil exports: HSBC Global Research
New Delhi, March 21: Despite new US sanctions imposed in January, Russian oil exports have remained largely unaffected and continued almost as normal, according to HSBC Global Research.
S. Korea's import prices fall for first time in 5 months in February: BOK
Seoul, March 14: South Korea's import prices fell for the first time in five months in February due mainly to falling global oil prices, central bank data showed on Friday.
Trump's Presidency expected to bring good news for oil market: Vanda Insights
New Delhi, February 14: In agreement with petroleum minister Hardeep Puri's observation that the "Trump presidency is good news for oil", Vandana Hari of Singapore-based Vanda Insights asserted that the year 2025 will be calmer for the oil sector.
Crude prices to remain unaffected by US tariff threat, supply chain disruptions may occur says IOCL Chairman
New Delhi, February 12: Crude oil prices will remain unaffected by US President Donald Trump tariff threats, according to Chairman of Indian Oil Corporation Ltd (IOCL), A S Sawhney.
Global oil prices likely to stay in $75 to $80 per barrel range over next 6 months: CareEdge
New Delhi, Feb 6: Crude oil prices are expected to remain range bound at an average of $75-$80 a barrel over the next 6 months, essentially on the back of higher overall global crude oil production aided by increase in crude oil production by the US while demand growth is expected to remain relatively subdued in the backdrop of a slowdown in major global economies, according to a CareEdge Ratings report released on Thursday.
OMCs face near-term pressure amid absence of budgetary support for under-recovery on LPG
New Delhi, February 4: Oil Marketing Companies (OMCs) are likely to face near-term challenges due to multiple factors, including no budgetary support for LPG under-recovery, weak Singapore Benchmark Gross Refining Margins (GRM), and declining integrated margins on auto fuel, according to a report by Dolat Capital.
Lower Brent prices to support margins for Indian fuel refiners: Fitch
New Delhi, January 31: Indian oil marketing companies' EBITDA will rise in the next financial year - 2025-26 -- as demand growth remains steady and Brent crude oil prices fall -- to USD 70 a barrel in 2025 and USD65 a barrel in 2026, said Fitch Ratings.
Crude prices to stay between USD 75-85 in 1H2025, USD 65-75 in 2H2025: Report
New Delhi, January 28: Crude prices to stay between USD 75-85 in 1H2025, and between USD 65-75 in 2H2025: Reporthe international crude price outlook for 2025 will be driven by the prospect of an escalation in the trade war that is expected to depress Chinese demand, as per a report by ICICI Bank. The outlook also hinges on US President Donald Trump's energy policy regime.
Fresh US sanctions on Russia to have little impact on India; prices to remain settled at 75-85 USD: IOC Chairman
Davos, January 23: The American sanctions on Russia and threats of further punitive actions by the new Trump administration will have "limited effect" on India, said Indian Oil Chairman Arvinder Singh Sahney. He backed his argument stating that India has multiple sources to meet its energy needs.
US sanctions on Russian Oil may impact India's imports and global crude prices: Morgan Stanley
New Delhi, January 16: The new sanctions on Russia's oil sector by the US will disrupt Russia's oil exports, create supply challenges and impact India's imports from Russia according to a report by Morgan Stanley.
Indian stock market ends lower, IT sector shines
Mumbai, Jan 10: India's domestic benchmark indices closed lower on Friday as the IT sector closed in the green after a gain of 3.44 per cent.