The Group of Seven (G-7) countries will seek to set two price caps on Russian refined products in February. The first one will be for products trading at a premium to crude oil and the other for those trading at a discount, a G7 official was quoted as saying by Reuters.

Russia may lose $280 million a day starting next month due to G-7 price cap on gas: Report

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

Saudi Arabia hikes July crude prices surprisingly high for Asia buyers

As global stock market investors monitor Ukraine-Russia crisis, Indian markets have closed with gains as Sensex, Nifty bounced back and Sensex gained over 1300 points during the day taking a cue from the European markets.

Russia-Ukraine conflict: Global markets register comeback

Why is fuel known as the 'liquid gold'? Fuel for long has been known as the 'liquid gold' because of its high value globally. It also serves as a direct or indirect source for many products produced for commercial needs, hence making it an extremely important commodity.

Explained: COVID-19 impact on oil, Gulf economies, Indians and India's remittance

Oil prices steadied on Friday, on track for a weekly gain, with attention focused on a speech by US Federal Reserve chief Jerome Powell for news on whether it will cut interest rates for a second time this year to boost the world's largest economy.

Oil price steadies as markets await Fed steer

Oil prices settled 2.2 per cent higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.

Oil prices surge over tanker attack in Gulf of Oman

Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in US crude stocks which defied expectations and signalled firm demand, while global supply remained tight.

International oil prices at record high in 2019

US oil prices inched higher on Friday after a report from the Organisation of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.

Oil prices edge up as OPEC says its crude output fell sharply in December

The rupee appreciated 31 paise to 73.14 against the dollar at the interbank foreign exchange Friday after crude prices fell to seven-month lows in the global market amid fresh foreign fund inflows.

Rupee rises 31 paise against US dollar on falling crude prices

Saudi Arabia's energy minister Khalid al-Falih has said that the kingdom is committed to meeting India's rising oil demand and is the "shock absorber" for supply disruptions in the oil market.

As US sanctions on Iran loom, Saudi Arabia says it will meet India's oil demand

Driven by fall in crude prices and the recovery in rupee, the BSE Sensex Friday posted its biggest single-day gain in 19 months, soaring over 700 points, as global markets rebounded after two straight sessions of losses.

Sensex rallies most in 19 months, Nifty ends above 10,450

Fuel prices in Delhi and Mumbai saw a fresh hike on Tuesday with petrol selling at Rs 82.86 per litre in Delhi and diesel at Rs 74.12 per litre. Petrol prices in the national capital today witnessed a rise of 14 paise whereas diesel rose by 10 paise.

Fuel prices continue to rise, petrol at Rs 90.22 in Mumbai 

crude-prices

Crude Prices, News on Crude Prices, stories on Crude Prices, articles on Crude Prices, Crude Prices stories at Wion, Crude Prices news, Crude Prices latest news