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India Vies With China Over Russian Crude, Prices Rise
China, which is set to import record volumes of Russian crude in March, typically sweeps up all of the ESPO crude exported from the Pacific port of Kozmino due to close proximity while sanctions on Russian oil have shrunk the pool of buyers.
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In Increasing Oil Trade Between India And Russia, An Unusual Development
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show.
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Putin Likely To Get Even More Dependent On India
President Vladimir Putin may need to count even more on China and India should the European Union ban Russian oil, with few other takers in Asia able to process the type of crude Europe typically buys.
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Oil Falls Nearly $3 To Below $104 A Barrel On Demand And Economic Growth Worries
Crude oil prices fell over 2.5 per cent to below $104 per barrel early on Monday on demand worries driven by the extended restrictions in China and global economic growth concerns as central banks look poised to tighten policy aggressively.
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Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.
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Oil Prices Recover In A Volatile Session After Over 5% Crash Previously
Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.
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Brent Oil Falls Over 1% To Below $112 In A Volatile Trading Session
The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.
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Oil Prices Fall Nearly $1 To $112 Per Barrel On Dollar Strength
Crude oil prices fell on Tuesday by nearly $1 per barrel as the dollar strengthened to a two-year high, even as supply concerns remain after Libya shut its oil fields due to political protests.
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Oil Prices Trade Within A $3 Range, Driven By Supply-Led Pull And Push
Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.
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Oil Prices Fall But Hold Above $100 A Barrel As Wild Gyrations In Crude Markets Continue
In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.
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Brent Crude Prices Recoup Losses And Rise Nearly 3%, Back-Up Above $100
The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.
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Brent Oil A Whisker Above $100 Per barrel As Crude Markets Extend Losses After Second Straight Weekly Decline
Crude markets started the week on a feeble note following the second straight weekly decline, pressured by China lockdowns and weighed by a surplus boost after announced plans to release a record volume of crude and oil products from strategic stocks.
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Oil Rises To Near $108, Paring Early Losses, On New Russian Sanctions' Threat
Oil prices rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in US crude stockpiles and China's extended lockdown.
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Crude Markets' See-Saw Continues, With Brent Oil Just Below $107 A Barrel
After losing nearly 1 per cent in the previous session on a strong dollar, a build-up in the US crude stockpile, and Shanghai's extended lockdown fuelled fears of slower demand; the benchmark Brent crude was last up about 25 cents at $106.90 per barrel.
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Oil Prices Extend Losses After 13% Fall last Week; Biggest In 2 Years
Crude oil prices extended their losses early on Monday, after the biggest weekly fall in two years on supply hopes driven by a truce between the United Arab Emirates and the Iran-aligned Houthi group that would halt military operations on the border, alleviating some concerns about potential supply issues.
-
India Vies With China Over Russian Crude, Prices Rise
China, which is set to import record volumes of Russian crude in March, typically sweeps up all of the ESPO crude exported from the Pacific port of Kozmino due to close proximity while sanctions on Russian oil have shrunk the pool of buyers.
-
In Increasing Oil Trade Between India And Russia, An Unusual Development
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show.
-
Putin Likely To Get Even More Dependent On India
President Vladimir Putin may need to count even more on China and India should the European Union ban Russian oil, with few other takers in Asia able to process the type of crude Europe typically buys.
-
Oil Falls Nearly $3 To Below $104 A Barrel On Demand And Economic Growth Worries
Crude oil prices fell over 2.5 per cent to below $104 per barrel early on Monday on demand worries driven by the extended restrictions in China and global economic growth concerns as central banks look poised to tighten policy aggressively.
-
Crude Prices Down 5% For The Week, But Supply Worries To Keep It Well Bid
Global crude markets have been whiplashed since Russia invaded Ukraine on February 24, with Brent and US futures trading above $100 for most of that duration, but benchmark crude prices fell in the latest trading week.
-
Oil Prices Recover In A Volatile Session After Over 5% Crash Previously
Crude oil prices recovered some of their losses during a volatile trading session on Wednesday after crashing over 5 per cent previously.
-
Brent Oil Falls Over 1% To Below $112 In A Volatile Trading Session
The ebb and flow in investors' sentiment on global crude's demand-supply dynamics pushed futures down over 1 per cent on Tuesday; with the Russia-Ukraine war intensifying, supply concerns limited losses.
-
Oil Prices Fall Nearly $1 To $112 Per Barrel On Dollar Strength
Crude oil prices fell on Tuesday by nearly $1 per barrel as the dollar strengthened to a two-year high, even as supply concerns remain after Libya shut its oil fields due to political protests.
-
Oil Prices Trade Within A $3 Range, Driven By Supply-Led Pull And Push
Crude prices eased to around $112 per barrel on Monday after rising sharply in early trade, with oil contracts trading within a $3 range - between about $111 and $114 a barrel.
-
Oil Prices Fall But Hold Above $100 A Barrel As Wild Gyrations In Crude Markets Continue
In another reflection of the wild gyrations in global crude markets, oil futures declined slightly after opening higher on Wednesday and having surged over 6% in the previous session.
-
Brent Crude Prices Recoup Losses And Rise Nearly 3%, Back-Up Above $100
The wild gyrations in crude markets continued on Tuesday, with Brent oil prices trading nearly 3 per cent higher and back up above $100 after briefly languishing below that level in the previous session.
-
Brent Oil A Whisker Above $100 Per barrel As Crude Markets Extend Losses After Second Straight Weekly Decline
Crude markets started the week on a feeble note following the second straight weekly decline, pressured by China lockdowns and weighed by a surplus boost after announced plans to release a record volume of crude and oil products from strategic stocks.
-
Oil Rises To Near $108, Paring Early Losses, On New Russian Sanctions' Threat
Oil prices rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in US crude stockpiles and China's extended lockdown.
-
Crude Markets' See-Saw Continues, With Brent Oil Just Below $107 A Barrel
After losing nearly 1 per cent in the previous session on a strong dollar, a build-up in the US crude stockpile, and Shanghai's extended lockdown fuelled fears of slower demand; the benchmark Brent crude was last up about 25 cents at $106.90 per barrel.
-
Oil Prices Extend Losses After 13% Fall last Week; Biggest In 2 Years
Crude oil prices extended their losses early on Monday, after the biggest weekly fall in two years on supply hopes driven by a truce between the United Arab Emirates and the Iran-aligned Houthi group that would halt military operations on the border, alleviating some concerns about potential supply issues.
