APN News

  • Sunday, September, 2021| Today's Market | Current Time: 04:15:04
  • Oil prices below USD 74 in Asia

    Oil prices fell below USD 74 in Asian trade on Wednesday, dragged down by a sluggish start for regional equities markets, analysts said. New York’s main contract, light sweet crude for October delivery, slumped 40 cents to USD 73.69 a barrel. Brent North Sea crude for delivery in October slipped 45 cents to USD 77.29. […]

    Oil prices stay around USD 74 in Asian trade

    Crude prices slid in Asian trade on Tuesday, with the end of the US summer driving season seen pushing down petrol demand, analysts said. New York’s main contract, light sweet crude for delivery in October, shed 56 cents to USD 74.04 a barrel. Brent North Sea crude for October delivery fell five cents to USD […]

    Oil Ministry clears govt stake sale in IOC and ONGC

    The Oil Ministry has approved part sale of government’s stake in Oil and Natural Gas Corp (ONGC) as well as Indian Oil Crop (IOC), a move that could fetch about Rs 24,000 crore for the Centre this fiscal. IOC would be the first to be disinvested, an Oil Ministry official said. Alongside the 10 per […]

    Oil prices lower in Asian trade

    Oil prices were lower in quiet Asian trade on Monday with US players on holiday as markets resumed Friday’s losses following the end of the main US holiday season, analysts said. New York’s main contract, light sweet crude for delivery in October, shed 31 cents to USD 74.29 a barrel. Brent North Sea crude for […]

    Key oil spill evidence raised to Gulf’s surface

    A crane hoisted a key piece of oil spill evidence to the surface of the Gulf of Mexico, giving investigators their first chance to personally scrutinise the blowout preventer, the massive piece of equipment that failed to stop the gusher four months ago. It took 29 hours to lift the 15.24 metres, 300-ton blowout preventer […]

    U.S. Regulators Launch Probe into New Rig Fire in Gulf of Mexico

    The U.S. Interior Department’s Bureau of Ocean Energy Management said Friday it had started a probe into the cause of Thursday’s rig fire in the Gulf of Mexico. The oil rig, owned by Houston-based Mariner Energy company, caught fire on Thursday, sparking fears that it may lead to another oil spill like the one unleashed […]

    U.S. Judge Refuses to Dismiss Lawsuit against Deepwater Drilling Ban

    A federal judge on Wednesday rejected a motion by the U.S. government to dismiss a lawsuit challenging the government-imposed six-month moratorium on deepwater oil drilling. The Interior Department initially imposed the ban in the aftermath of the April 20 explosion on the Deepwater Horizon rig. A group of offshore oil companies filed a lawsuit claiming […]

    Another Oil Rig Explodes in Gulf of Mexico

    Another oil rig has exploded in the Gulf of Mexico, U.S. officials said Thursday. The blast, which occurred 80 miles south of Vermilion Bay along the central Louisiana coast, was reported by a commercial helicopter company at about 9:30 a.m. CDT Thursday, said Coast Guard Petty Officer Casey Ranel. Multiple helicopters, an airplane and several […]

    Oil Rallies near 74 Dollars on Data, Gas Inventory Drop

    Oil prices rallied nearly three percent to settle near 74 U.S. dollars a barrel on Wednesday on upbeat economic data and a drop in gas and distillate fuel inventories. The U.S. Energy Department Energy Information Administration ( EIA) reported that U.S. crude stockpiles rose by 3.4 million barrels in the week ended on Aug. 27, […]

    Oil creeps above USD 72 after big fall on weak demand

    Oil prices rose slightly to above USD 72 a barrel on Wednesday in Asia after a steep drop the previous day amid evidence that US crude supplies remain high and demand weak. Benchmark crude for October delivery was up 34 cents to USD 72.26 a barrel at midday Singapore time in electronic trading on the […]