Oil

Hindustan Oil Exploration Company (HOEC)
companies

From Mumbai offshore wells, HOEC begins oil production and gas sales

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 business started in a stock market statement that both wells – D-1 and D-2 – had been brought online for production after successfully resolving technical concerns encountered during pre-commissioning activities. […]

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Crude oil tops $100
Commodiity

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 does not plan to occupy Ukraine. Russia’s action comes days after the country recognized the independence of two separatist regions in Easter Ukraine following a speech by Putin. Oil prices, […]

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Market

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 top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions. Brent crude futures edged higher by 5 cents to $71.49 a barrel […]

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Commodity

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 Futures rose 0.61% to $74.73 by 10:39 PM ET (2:39 AM GMT) and Crude Oil WTI Futures jumped 0.69% to $73.48. U.S. crude oil supply data from the American Petroleum Institute showed a draw of […]

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Commodity

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. Futures in New York were steady after rising 0.3% on Wednesday. Gasoline inventories unexpectedly slipped last week, while crude stockpiles fell for a fifth week, the longest run since January. […]

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Commodity

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 two years. Optimism as U.S. fuel demand continues to increase gave the black liquid a boost, even as concerns over a potential Iranian supply increase remained. Brent oil futures were […]

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Commodity

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 summer driving season, offsetting worries that a possible return of Iranian supply would cause a glut. Brent settled up 22 cents, or 0.3%, to $68.87 a barrel, and U.S. West […]

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Commodity

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 structure shifted to indicated near-term weakness. Futures in New York and London fell as much as 5 percent, with the prompt spread on both flipping into contango. Concerns are re-emerging […]

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Commodity

Oil Down, Rise in COVID-19 Cases Leads to Fuel Demand Worries

By Administrator_ India Capital Sands Oil was down on Friday morning in Asia, with ever-rising numbers of COVID-19 weighing on fuel demand and the U.S. Congress continuing negotiations for a $900 billion economic stimulus bill. Brent oil futures were down 0.23% to $51.38 by 11:02 PM ET (4:02 AM GMT) and WTI futures inched down 0.04% to $48.34. […]

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Commodity

Oil prices drop on US stock build, delay in OPEC+ meeting

By Administrator_ India Capital Sands Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January. Brent crude oil futures were down by 27 cents, […]

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