APN News

  • Wednesday, December, 2020| Today's Market | Current Time: 12:08:35
  • Oil price higher in Asian trade today

    Oil price was higher in Asian trade today. New York’s main contract, light sweet crude for June delivery advanced 80 cents to 97.71 USD a barrel and Brent North Sea crude for July delivery gained 57 cents to 110.56 USD.

    Oil down in Asia on profit-taking

    Crude fell in Asian trade on Tuesday, as traders locked in profits from earlier gains, analysts said. New York’s main contract, light sweet crude for delivery in June, dipped USD 1.46 to USD 101.09 a barrel. Brent North Sea crude for June delivery lost USD 1.41 to USD 114.49. “Both Brent and WTI (West Texas […]

    Oil eases in Asian trade

    Oil eased in Asian trade on Tuesday as traders digested news of Osama bin Laden’s death, but prices look set to be tied to the Arab world unrest and the dollar’s value in the long run, analysts said. New York’s main contract, light sweet crude for June delivery, was down 59 cents to USD 112.93 […]

    OIL and TERI Sign a Ten Year Agreement to augment Research in Areas of Petroleum Biotechnology and New & Renewable Energy Sources

    New Delhi: India’s national oil company Oil India Limited (OIL) signed a ten year MOU today with The Energy and Resources Institute (TERI) to broaden the scope of Joint Research Collaboration in areas of Petroleum Biotechnology and New & Renewable Energy Sources. The MOU was singed by Mr. B N Talukdar, Director Exploration and development, […]

    Oil prices up in Asian trade

    Oil prices were up in Asian trade today as escalating tensions in Libya, Syria and Yemen heightened fears of supply disruption in the Middle East and North African region. New York’s main contract, light sweet crude for delivery in June, rose 52 cents to 112.81 a barrel, while Brent North Sea crude for June gained […]

    Oil down in Asian trade

    Oil fell in Asian trade on Tuesday after a bearish Standard and Poor’s report on the United States, but geopolitical risks in the Arab world will continue to drive prices higher, analysts said. New York’s main contract, light sweet crude for delivery in May dipped 17 cents to USD 106.95 a barrel, while Brent North […]

    Oil PSUs to lose Rs 177,500 cr on fuel sales this fiscal

    State-owned oil firms will lose a whopping over Rs 177,500 crore on selling fuel at government-controlled rates this fiscal, 68 per cent more than what they lost when crude oil touched an all-time high in 2008-09. Indian Oil, Bharat Petroleum and Hindustan Petroleum will “at current international crude oil prices lose Rs 177,562 crore in […]

    Oil Rebounds on U.S. Gasoline Inventories Drop

    Crude prices rebounded on Wednesday as U.S. gasoline inventories for last week dropped to the lowest level since October 2011. After a severe plunge in the previous trading day, there was also technical request for the rebound. And the report from the U. S. Energy Information Administration (EIA) offered further support for the bounce. According […]

    Oil prices hold on to multi-year highs

    World oil prices today stayed above multi-year highs. New York’s benchmark West Texas Intermediate light sweet crude for May delivery rose 55 cents to 110.85 dollars per barrel after touching its highest level in two-and-a-half years in US trade Thursday. Brent North Sea crude for May delivery gained 38 cents to 123.05 dollars.

    Oil down in Asian trade

    World oil prices were lower in Asian trade on Tuesday as investors locked in profits from a recent surge, but protests in the Arab world remained a concern, analysts said. New York’s main contract, light sweet crude for delivery in May, known as the West Texas Intermediate (WTI), was down 23 cents to USD 108.24 […]