Cooking oil prices in India rose significantly. Palm and sunflower oil prices increased. International prices surged due to production issues. India's demand for cooking oil remained high. The situation surprised the industry. FMCG companies faced pressure to increase prices.

Oil prices saw a partial recovery on Tuesday following Israel’s military response to Hezbollah’s recent attacks. The geopolitical tensions in the Middle East have once again highlighted the region’s critical role in global energy markets, causing fluctuations in oil prices. The latest conflict began when Hezbollah launched a series of rocket attacks into northern Israel, prompting a swift and decisive retaliation from the Israeli Defense Forces (IDF). The IDF targeted key Hezbollah positions in southern Lebanon, aiming to neutralize the threat and prevent further escalation. This exchange of hostilities has raised concerns about potential disruptions to oil supplies from the region, which is a significant factor in the global energy market. In response to these developments, Brent crude futures rose by 2.5%, settling at $82.30 per barrel, while West Texas Intermediate (WTI) crude futures increased by 2.7%, closing at $78.50 per barrel. Analysts attribute this rebound to fears of supply chain disruptions and the market’s sensitivity to geopolitical instability in the Middle East. Energy market experts have noted that while the immediate impact on oil production and supply routes remains limited, the situation underscores the vulnerability of global oil markets to regional conflicts. The Middle East accounts for a substantial...

The plunge in oil prices has had a significant effect on Russia, Iran and Venezuela, and is changing those countries' geopolitical calculus.

[Nyasa Times] Malawians across the country are feeling the weight of soaring cooking oil prices, with many struggling to make ends meet as the cost of living continues to rise. Over the past month, the price of cooking oil has surged by an average of 12%, forcing consumers to dig deeper into their pockets to purchase essential household items.

Weak global cues, lower crude oil prices and political bickering over the government's demonetisation move pulled the Indian equity markets lower on Thursday.

The U.S. Energy Information Administration (EIA) expects that Brent crude oil prices will return to above $80 per barrel this month, after dipping to $73 per barrel on September 6. In its September Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot price will average $82 per barrel in the fourth quarter of the year.

India, the world's third largest oil importer and consumer, has become the top buyer of discounted Russian sea-borne oil shunned by Western countries since Ukraine's invasion began in early 2022

One thing that is very clear is there is no shortage of oil in the world, said Puri

Scores of Israeli jets completed three waves of strikes before dawn on Saturday against missile factories and other sites near Tehran and in western Iran, in the latest exchange in the escalating conflict between the Middle East rivals

Inadequate supply in growing regions and demand for coconut as an alternative in many industries have lifted prices, say traders

The currency's decline past the 84 handle is significant as the RBI had been defending that level.

Rupee weighed down by strong dollar, outflow of foreign funds

With crude price low, the govt should think of moving completely to DBT for food, fertiliser and power.

For many mining companies, the rallying cry for investigating solar or wind energy options has been that the price of oil and other conventional fuels is too high — and will almost certainly rise over time. Now, though, with oil prices having taken a dramatic nosedive, this argument no longer packs quite the same punch that it once did.

Weak global cues, lower crude oil prices and political bickering over the government's demonetisation move pulled the Indian equity markets lower on Thursday.

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.

New problem in the Middle East is likely to raise old political arguments in Washington.

Now that oil is trading for half of what it was last summer, will investors want to put their money into alternative energy sources? We look at the data.

If there's plenty of product on the market, gas prices should be falling. Here's some reasons why they aren't.

Do the math: If you're making less money on exports, you need to export more and use less oil close to home.

Oil prices hit highest level in years

Trump slams Opec as crude oil prices near $80 a barrel

How will the sudden plunge in US oil prices impact India: WTI crash explained

Don’t expect oil prices to go beyond $30 this year: Manish Singh

US West Texas Intermediate (WTI) crude rose $1.78, or 7.4 per cent, to $25.77, on track for its highest close since April 6 and up more than 30 per cent this week.

The major U.S. index futures are currently pointing to a sharply lower open on Tuesday, with stocks likely to extend the pullback seen in the previous session.

In the last few years, the renewable industry has been going from strength to strength. However 2020 might see that end. So what needs to be done to sustain the industry and protect Australia's electricity prices from the whims of the oil controllers?

Analysts and industry officials were searching for new adjectives Monday to describe the cataclysmic fall of oil prices into sub-zero territory for the first time ever, prompting analysts to predict the idling of wells and bankruptcies.

Oil’s chaotic collapse deepened, and stocks around the world dropped on Tuesday as markets remain upside down amid the economic carnage caused by the coronavirus pandemic.

Corporate Members Event Webinar

Event participants

Julian Lee, Oil Strategist, Bloomberg LP London
Dr John Sfakianakis, Associate Fellow, Middle East and North Africa Programme, Chatham House; Chief Economist and Head of Research, Gulf Research Center
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources Programme, Chatham House
Emily Stromquist, Director, Castlereagh Associates
Chair: Dr Sanam Vakil, Deputy Director and Senior Research Fellow, Middle East and North Africa Programme, Chatham House

Corporate Members Event Webinar

Event participants

Julian Lee, Oil Strategist, Bloomberg LP London
Dr John Sfakianakis, Associate Fellow, Middle East and North Africa Programme, Chatham House; Chief Economist and Head of Research, Gulf Research Center
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources Programme, Chatham House
Emily Stromquist, Director, Castlereagh Associates
Chair: Dr Sanam Vakil, Deputy Director and Senior Research Fellow, Middle East and North Africa Programme, Chatham House

Corporate Members Event Webinar

Event participants

Julian Lee, Oil Strategist, Bloomberg LP London
Dr John Sfakianakis, Associate Fellow, Middle East and North Africa Programme, Chatham House; Chief Economist and Head of Research, Gulf Research Center
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources Programme, Chatham House
Emily Stromquist, Director, Castlereagh Associates
Chair: Dr Sanam Vakil, Deputy Director and Senior Research Fellow, Middle East and North Africa Programme, Chatham House

1 December 2014

Crude oil prices fell Monday amid renewed concerns about potentially declining crude oil demand resulting from weaker economic outlook.

Oil prices fell early Wednesday, likely a result of lower-than-expected draws in an API with traders awaiting official EIA inventory data later in the day.

Oil prices fell early Thursday despite an OPEC report confirming a sizable cut due to bearishness related to rising United States production and inventories.

Oil prices fell Monday as the number of rigs in the United States saw a weekly rise, analysts said

Oil prices were higher early Tuesday amid renewed concern about Venezuelan supplies but market worries about China-U.S. trade issues prevented higher gains.

Oil prices rose Wednesday amid expectations that Venezuelan oil shipments would see some disruption following U.S. sanctions.

Oil prices rose early Friday amid supply concerns following reports of smaller-than-expected stocks, and amid reduced expectation of interest rate hikes.

Oil prices made a spectacular comeback Thursday as fresh US-Iran tensions erupted, also helping equities advance after US labour market figures provided a glimmer of hope for the world's top economy.

Oil prices in the international markets last month slumped to a two-decade low of USD 18 per barrel before rebounding by some measure.

Pradhan did not elaborate on the policy reforms planned. The BJP-led government had in October 2014 evolved a new pricing formula using rates prevalent in gas surplus nations like the US, Canada and Russia to determine the price in a net importing country. Prices using this formula are calculated semi-annually.

Low oil prices will have a positive impact on glass manufacturing, transport, industrial power, plastics, lubricants, petrochemical, , FMCG, paint, rubber & tyre manufacturing companies

Sharply falling oil prices are a boon to airlines, saving billions of dollars in monthly fuel bills...