Oil Ministry mulls reinstating subsidized LPG prices
By Administrator_ India Capital Sands The Ministry of Petroleum and Natural Gas is evaluating a threshold at which the subsidy on Liquefied Petroleum Gas (LPG or cooking gas) will be … Read More
Tag: Oil
Oil Up, Hits One-Week High as Recovery from Ida Damage Drags On
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, hitting a one-week high in a second consecutive session of gains. Continuous concerns about U.S. supplies, with the … Read More
Oil mixed as Hurricane Ida pounds US crude patch, Louisiana
By Administrator_ India Capital Sands Oil prices pared early gains on Monday, off more than three-week highs reached earlier in the session as a powerful hurricane plowing through the Gulf … Read More
Oil prices rebound from 7-day losing streak as investors snap up bargains
By Administrator_ India Capital Sands Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, though lingering fears over how a … Read More
Oil falls as Delta surge clouds fuel demand outlook
By Administrator_India Capital Sands Oil prices fell more than 1% on Monday, dropping for a third session, as government-imposed restrictions on mobility to counter the spread of the Delta variant … Read More
Rising oil prices upset long-haul plans of airlines, delay recovery
By Administrator_ India Capital Sands Few sectors are as impacted as aviation by the pandemic. With travel coming to a standstill and recovery not on the horizon even with vaccination, … Read More
Oil rises as threat recedes of Iran supply resuming soon
By Administrator_ India Capital Sands Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from … Read More
Oil edges up but set for weekly fall on Iran nuclear talks
By Administrator_ India Capital Sands Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return of Iranian crude supplies after officials said … Read More
Oil Holds Near $59 as Fed’s Powell Points to Economic Growth
By Administrator_ India Capital Sands Oil was steady near $59 a barrel as trading opened in Asia after Federal Reserve Chair Jerome Powell said the U.S. economy was poised for … Read More
Oil Up, With U.S. Deep Freeze Impacting Texan Production
By Administrator_ India Capital Sands Oil was up Tuesday morning in Asia, after an unexpected cold snap impacted production in Texas, the biggest crude producing state in the biggest oil producer globally. … Read More