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    Blowout At Oil India Well In Assam, Villagers Shifted To Safety

    Oil India said that the blowout in Tinsukia took place at around 10:30 am Guwahati: Residents near an oil well of Oil India Limited in Assam’s Tinsukia district had to be evacuated after a “blowout” on Wednesday. The Baghjan 5 well in Upper Assam exploded in a fountain of crude oil after pressure control systems […] More

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    Oil steadies as demand uncertainty tempers supply cuts

    Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts. Brent had eased by 5 cents, or 0.14% to $35.08 a barrel by 1014 GMT, while U.S. oil gained 14 […] More

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    oil prices: Oil falls as US-China tensions take toll

    TOKYO: Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the […] More

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    China’s ‘Hermit’ Investors Fill Doubled Oil Storage With Crude Bet

    File photo: Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. (Photo: REUTERS/Aly Song) Chinese oil stockpiling is normally driven by state giants which sweep up cargoes to fill the government’s strategic petroleum reserves or commercial reserves held by refiners. Reuters Last Updated: […] More

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    Oil collapse: ‘Right now everything I have is shut down’

    Image copyright Getty Images Image caption This is an oil bust the likes of which the world has never seen The US rose over the last decade to become the world’s largest oil producer. Does the pandemic spell the industry’s decline? Texas oilman Allan P Bloxsom III still remembers the taunts of “college boy” that […] More

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    SGX Nifty: SGX Nifty up 24 points; here’s what changed for market while you were sleeping

    A spike in Covid-19 cases, concerns over economic activities due to further extension of lockdown and weak global setup may cap upside for domestic stocks on Wednesday. Stocks-specific action is likely, amid a host of quarterly earnings scheduled for the day. Here’s breaking down the pre-market actions. SGX Nifty signals positive start Nifty futures on […] More

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    Oil on stormy market waters

    Image copyright Getty Images Oil prices had diaried an appointment with mayhem this week, but instead, the market is calmer and positive. Global demand is up, as lockdown eases, and supply has been cut by Opec, Russia and, decisively, in the USA. Speculators can drive volatility, and not just in the oil market. Tuesday 19 […] More

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    Canadian oil is now a U.S. election issue

    You can count the reasons some Canadians might now find themselves more heavily invested in this U.S. presidential election than they already were. Say, about 1.5 billion more reasons. That’s the number of dollars Alberta taxpayers are investing as an equity stake in the Keystone XL oil pipeline, whose fate might now hinge on the U.S. […] More

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