From Mumbai offshore wells, HOEC begins oil production and gas sales
by On June 8, Hindustan Oil Exploration Company (HOEC) announced that oil production and gas sales from Mumbai offshore wells D-1 and D-2 had begun. The …
Tag: Oil
Crude oil tops $100 as Russian forces invade Ukraine; Gold prices rise sharply
Global crude oil and gold prices soared on February 24 after Russian President Vladimir Putin announced military action in Eastern Ukraine but iterated that he …
Saudis cut oil prices to woo buyers as OPEC+ boosts supply
By Administrator_ India Capital Sands Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s …
Oil prices steady after US call for more oil raises supply
By Administrator_ India Capital Sands Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s …
Oil Up, OPEC+ Delays Meeting on Production Policy
By Administrator_ India Capital Sands Oil was up Wednesday morning in Asia after the OPEC+ delayed its meeting this week on production policy. Brent Oil …
Oil Holds Above $73 as Shrinking U.S. Stockpiles Tighten Market
By Administrator_ India Capital Sands Oil held above $73 a barrel as shrinking U.S. crude and fuel stockpiles added to bullish sentiment around the global demand recovery. …
Oil Up, Fueled by Continuous Increase in U.S. Fuel Demand
By Administrator_ India Capital Sands Oil was up Friday morning in Asia, ending the week by extending gains from the highest close in more than …
Oil settles higher on stronger demand outlook as U.S inventories fall
By Administrator_ India Capital Sands Oil prices settled higher on Wednesday as a drop in U.S. crude stockpiles reinforced expectations of improving demand ahead of the peak …
Oil tumbles with bearish market structure showing weak demand concern
By Administrator_India Capital Sands Oil slumped as a string of renewed lockdown measures in Europe stoked concerns about the demand outlook while the market’s underlying …
Oil Surges as Investors Bet Commodity Demand to Take Off
By Administrator _India Capital Sands Oil surged as traders and investment banks see global supplies rapidly tightening in response to a vaccination-led recovery this summer. …