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International oil price News

27 Sep 2022

Spike in OIL price is BREAKING India's back: EAM S Jaishankar in US

EAM S Jaishankar has expressed concerns over the surge in oil price He said that the spike in oil price is breaking India's back He said this in the US in a joint press conference with US Secretary of State Antony Blinken

International oil price

16 Sep 2019

Oil prices surge to 6-month high after attacks on Saudi crude facilities

US crude futures were last up 11% at $61.10 a barrel, coming off highs on expectations other global oil suppliers would step in to lift output. Brent crude soared 13% at $68.06 after earlier rising to $71.95.

International oil price

09 Nov 2018

Oil prices fell to multi-month low, brent breaches $70/bbl mark

U.S. light crude oil was 25 cents lower at $60.42, down 4.3 percent this week and off more than 20 percent since early October, putting it officially in bear-market territory.

22 Oct 2018

Brent oil rises back above $80 as Iran sanctions loom

OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.

15 Oct 2018

PM Modi urges oil producers to bring down oil rates to reasonable level

PM said crude oil prices at a four-year high was hurting global growth, causing inflation and upsetting budgets of developing countries like India.

International oil price

12 Oct 2018

Oil prices rise, but still set for weekly fall amid equities rout

Brent crude futures rose 33 cents, or 0.4 percent, to $80.59 a barrel by 0256 GMT.

Brent crude oil

09 May 2018

Oil hits 3-1/2-year high after US quits Iran deal

Brent crude oil touched its highest since November 2014 at $77.20 a barrel.

crude inventories

05 Apr 2017

Oil hits one-month high near $55 on tighter supplies

Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield lent support.

23 Jul 2016

Oil dives 2%, heads for weekly loss as US rigs rise

Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows.

24 Jun 2016

Oil plunges more than 6.0% as Brexit looms

World oil prices plunged more than 6.0 percent in Asia Friday after early results of a historic vote showed Britain increasingly moving towards bolting out of the European Union.

26 Apr 2016

Saudi prince unveils sweeping plans to end "addiction" to oil

The powerful young prince overseeing Saudi Arabia`s economy unveiled ambitious plans on Monday aimed at ending the kingdom`s "addiction" to oil and transforming it into a global investment power.

26 Feb 2016

Oil prices dip on continued oversupply, despite news of meeting to freeze output

Crude oil prices dipped in early trading on Friday as reports of a meeting by oil producers to freeze output failed to convince traders that enough effort was being made to rein in ballooning global oversupply.

09 Feb 2016

Oil slumps on IEA’s gloomy market outlook

Oil resumed heavy falls on Tuesday, erasing earlier gains in highly volatile trade, after the International Energy Agency issued a gloomy market outlook.

20 Jan 2016

Oil dives to fresh 12-year low under $27

Oil plunged to fresh 12-year lows under US$27 on Wednesday (Jan 20), slammed by gloomy economic forecasts, China's slowdown and abundant crude supplies.

20 Jan 2016

Oil heads towards $27 per barrel as IEA warns market could 'drown in oil'

Prices have crashed about 75 percent since mid-2014, hit by a perfect storm of a supply glut, weak demand, a slowing global economy and a strong dollar.

16 Jan 2016

Oil plummets to $29 per barrel, dragging world stocks lower

Oil prices plummeted to $29 a barrel on Friday on the impending resumption of Iranian oil exports into an already flooded market as international sanctions against the country are lifted, dragging equity indexes around the world sharply lower.

14 Jan 2016

Brent falls to another 12-year low on oversupply gloom

It was the second time in two days for Brent, the global benchmark, to drop below $30 a barrel.

08 Jan 2016

Oil down again to 12-year low; $30 handle looks more likely

Brent settled down 48 cents at $33.75, after sliding to a low of $32.16, a level last seen in April 2004.

07 Jan 2016

Oil extends losses, nears $33 a barrel

Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.

Iran-Saudi crisis

06 Jan 2016

Iran-Saudi crisis punches another hole in OPEC unity

Escalating diplomatic tensions between Iran and Saudi Arabia have added fresh strains on OPEC's unity as the cartel grapples with a common response to rock-bottom oil prices, experts said.

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