Search For "oil price"
Crude oil prices surge after US, UK strike Houthi targets
Updated : 2 years, 2 months ago IST
The attacks by the Houthi rebels have forced ships to take longer routes around Africa, presenting challenges to global trade logistics.
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Shell and Harbour energy enter arbitration over pricing for UK crudes amid
Updated : 2 years, 2 months ago IST
According to S&P Global Commodity Insights This conflict arises as a consequence of EU sanctions against Russia, which triggered changes in Urals crude oil price assessments by Platts, affecting the pricing mechanism for West Shetland crudes, as revealed by Harbour Energy on January 11.
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Kuwait oil price up 33 cents to USD 81.98 pb
Updated : 2 years, 2 months ago IST
The price of Kuwaiti crude oil went up by 33 cents to USD 81.98 per barrel on Friday, compared with USD 81.65 pb on Thursday, said Kuwait Petroleum Corporation (KPC) on Saturday.
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Prices of Brent crude oil expected to be steady in near term: Emkay
Updated : 2 years, 2 months ago IST
Over the past month, global crude oil prices have been trading in a narrow range.
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Pakistan slashes petrol price by PKR 14, high-speed diesel by PKR 13.5
Updated : 2 years, 3 months ago IST
It reported citing a notification from the Pakistan Ministry of finance, the new prices of petrol are PKR 267.34 and PKR 276.21 for HSD. The State Bank reported the dollar had settled at PKR 283.51 on Thursday after losing against the local currency. Dealers said the market stayed calm even
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Fitch Ratings adjust oil and European gas price assumptions for 2024 and 2
Updated : 2 years, 3 months ago IST
Fitch Ratings has revised its near-term oil and European gas price assumptions, citing OPEC+'s sustained control over supply and ongoing dynamics in the energy market.
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Fitch Ratings anticipates Palm Oil price dip in 2024 amidst weather-fuelle
Updated : 2 years, 3 months ago IST
According to the Fitch Ratings report, this forecast is rooted in the expectation of increased palm and vegetable oil production, attributed to favourable weather conditions coinciding with a shift in global weather patterns.
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Kuwait oil price falls by USD 2.44 to reach USD 82.27 pb
Updated : 2 years, 4 months ago IST
The price of Kuwaiti oil went down by USD 2.44 to reach USD 82.27 per barrel on Friday, compared to USD 84.71 per barrel the day before, said the Kuwait Petroleum Corporation (KPC) on Saturday.
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Oil price rise would hit 2024 global growth, inflation outlook: Fitch
Updated : 2 years, 4 months ago IST
Higher-than-expected oil prices in a scenario where the ongoing Middle East conflict disrupts oil supply would cause lower economic growth and higher inflation, according to Fitch Ratings.
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Global economic jitters: Fitch Ratings predicts 2024 impact from soaring o
Updated : 2 years, 4 months ago IST
According to Fitch's Global Economic Outlook (GEO), a scenario with average oil prices of USD 75 per barrel in 2024 and USD 70 per barrel in 2025 could be upended if oil prices spike to USD 120 per barrel in 2024 and USD 100 per barrel in 2025 due to supply restrictions.
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Global commodity markets brace for potential 'Dual Shock' from Middle East
Updated : 2 years, 4 months ago IST
While the global economy is in a more resilient state than in the 1970s to manage a significant oil price shock, the compounding impacts of these two conflicts could push global commodity markets into unprecedented territory.
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Commodity prices outlook would darken quickly if conflict in Middle East e
Updated : 2 years, 4 months ago IST
The global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock but an escalation of the latest conflict in the Middle East--which comes on top of disruptions caused by the Ukraine conflict--could push global commodity markets into uncharted w
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