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  • India’s January crude oil imports slip from one-year highs

    India’s January crude oil imports slip from one-year highs0

    India’s crude oil imports in January slipped from one-year highs hit in the previous month, though fuel demand is expected to recover as several states ease coronavirus restrictions after a decline in cases. Crude oil imports fell about 1.7% to 19.26 million tonnes last month from a year earlier, government data showed on Friday. Lower imports corresponded

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  • Oil prices clamber towards 7-year highs on Russia-Ukraine tensions

    Oil prices clamber towards 7-year highs on Russia-Ukraine tensions0

    Oil prices rose on Monday, climbing towards their highest levels in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger sanctions from U.S. and Europe and disrupt energy exports from the world’s top producer. Brent crude futures was at $95.73 a barrel by 0109 GMT, up $1.29, or

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  • Oil prices nudge up after API data shows surprise drop in US stocks

    Oil prices nudge up after API data shows surprise drop in US stocks0

    Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude

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