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Articles of Reuters

  • Oil Surges More Than 3% As Fed's Powell Eases Rate Hike Concerns

    Oil Surges More Than 3% As Fed's Powell Eases Rate Hike Concerns

    ReutersBy Reuters•Feb 23, 2023 06:47 PM0

    Brent crude futures were up $2.70, or 3.3%, to $83.69 a barrel, while U.S. West Texas Intermediate crude futures rose $3.03, or 4.1%, to $77.14 per barrel.

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  • Iraqi Oil Flows Resume To Turkey, Azeri Exports Still Stopped

    Iraqi Oil Flows Resume To Turkey, Azeri Exports Still Stopped

    ReutersBy Reuters•Feb 23, 2023 06:43 PM0

    The ministry of natural resources for Iraq's Kurdistan Regional Government (KRG) said the pipeline restarted flows at 9:45 p.m. local time (1845 GMT)

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  • Oil Settles Up For Third Day As Interest Rate Concerns Ease

    Oil Settles Up For Third Day As Interest Rate Concerns Ease

    ReutersBy Reuters•Feb 23, 2023 06:31 PM0

    Brent crude settled up $1.40, or 1.7%, to $85.09 a barrel while U.S. West Texas Intermediate (WTI) crude settled up $1.33, or 1.7%, to $78.47.

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  • Gulf Nations To Remain Major Oil Suppliers To India For A 'Long Time', Minister Says

    Gulf Nations To Remain Major Oil Suppliers To India For A 'Long Time', Minister Says

    ReutersBy Reuters•Feb 23, 2023 06:25 PM0

    He also said India will consider buying oil from Iran and Venezuela if sanctions are lifted and would continue purchases from Russia if prices "continue to be good"

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  • India's HPCL Posts 80% Drop In Q3 Profit On Marketing Margin Hit

    India's HPCL Posts 80% Drop In Q3 Profit On Marketing Margin Hit

    ReutersBy Reuters•Feb 23, 2023 06:15 PM0

    Revenue from operations for the company rose 12.6% to 1.16 trillion rupees from 1.03 trillion rupees a year earlier.

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  • Oil India Beats Q3 Profit View On Higher Output, Better Pricing

    Oil India Beats Q3 Profit View On Higher Output, Better Pricing

    ReutersBy Reuters•Feb 23, 2023 06:04 PM0

    The company said it posted its highest ever profit in a quarter due to better pricing and higher output of crude oil and natural gas.

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  • Oil Prices Rise Over 2% On Russian Plan To Cut Output

    Oil Prices Rise Over 2% On Russian Plan To Cut Output

    ReutersBy Reuters•Feb 23, 2023 05:53 PM•2 mins read

    Russia plans to reduce its crude oil production in March by 500,000 barrels per day (bpd), or about 5% of output

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  • Oil Edges Higher As Market Weighs Russian Supply Cuts Amid Demand Fears

    Oil Edges Higher As Market Weighs Russian Supply Cuts Amid Demand Fears

    ReutersBy Reuters•Feb 23, 2023 05:20 PM0

    Brent futures for April delivery rose 22 cents, or 0.3%, to $86.61 a barrel, while U.S. crude rose 42 cents, or 0.5%, to $80.14 per barrel gain.

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  • India's ONGC Posts 26% Rise In Q3 Profit On Higher Crude, Gas Prices

    India's ONGC Posts 26% Rise In Q3 Profit On Higher Crude, Gas Prices

    ReutersBy Reuters•Feb 23, 2023 05:10 PM0

    India in September raised the price of locally produced gas by 40% to a record $8.57 per million metric British thermal units

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  • Oil Settles Down 1%, Then Drops More On Hint Of Big U.S. Crude Build

    Oil Settles Down 1%, Then Drops More On Hint Of Big U.S. Crude Build

    ReutersBy Reuters•Feb 23, 2023 04:06 PM•2 mins read

    Sources said the industry group reported a crude oil build of 10.5 million barrels in the week ended Feb. 10.

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  • Russia Price Caps Spur India Interest In Naphtha, Fuel Oil, But Not Diesel

    Russia Price Caps Spur India Interest In Naphtha, Fuel Oil, But Not Diesel

    ReutersBy Reuters•Feb 23, 2023 03:52 PM0

    Prices for refined products such as naphtha and fuel oil are capped at $45 a barrel by the Group of Seven nations, the European Union, and Australia

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  • India May Consider Fuel, Maize Tax Cuts To Cool Inflation - Sources

    India May Consider Fuel, Maize Tax Cuts To Cool Inflation - Sources

    ReutersBy Reuters•Feb 23, 2023 03:40 PM0

    India's annual retail inflation rate rose to 6.52% in January from 5.72% in December

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  • Oil Little Changed As Market Discounts Big U.S. Crude Storage Build

    Oil Little Changed As Market Discounts Big U.S. Crude Storage Build

    ReutersBy Reuters•Feb 23, 2023 03:36 PM0

    Brent futures slid 20 cents, or 0.2%, to $85.38 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 47 cents, or 0.6%, to $78.59.

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  • India Cuts Windfall Tax On Crude, Aviation Turbine Fuel And Diesel

    India Cuts Windfall Tax On Crude, Aviation Turbine Fuel And Diesel

    ReutersBy Reuters•Feb 23, 2023 03:21 PM0

    Windfall tax on crude was cut to 4,350 rupees ($52.60) per tonne from 5,050 rupees per tonne

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  • Shares Fall With Oil Prices Amid Concerns About U.S. Fed Rate Hikes

    Shares Fall With Oil Prices Amid Concerns About U.S. Fed Rate Hikes

    ReutersBy Reuters•Feb 23, 2023 03:01 PM•3 mins read

    Friday's data showed a year-over-year 0.8% increase in export prices versus expectations for a decline of 0.2%.

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  • Oil settles down $2/bbl, ends week lower on Fed worries, ample supply

    Oil settles down $2/bbl, ends week lower on Fed worries, ample supply

    ReutersBy Reuters•Feb 23, 2023 01:36 PM•2 mins read

    Brent crude futures settled down $2.14 or 2.5%, to $83.00 a barrel, falling 3.9% week on week

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  • India's Ashok Leyland Beats Quarterly Profit Estimates On Easing Costs, Truck Demand

    India's Ashok Leyland Beats Quarterly Profit Estimates On Easing Costs, Truck Demand

    ReutersBy Reuters•Feb 23, 2023 01:22 PM0

    The Indian trucking sector is making a comeback after two years on the back of increased mining activities, e-commerce growth and an uptick in infrastructure projects

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  • Tesla Raises Prices Of Some Model Y Versions In China

    Tesla Raises Prices Of Some Model Y Versions In China

    ReutersBy Reuters•Feb 23, 2023 01:18 PM0

    The starting prices of the two versions of Model Y in China increased by 2,000 yuan each to 311,900 yuan ($45,473) and 361,900 yuan, respectively, information on the website showed.

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  • Russians Switch To Used Cars As Sanctions Pummel Auto Sector

    Russians Switch To Used Cars As Sanctions Pummel Auto Sector

    ReutersBy Reuters•Feb 23, 2023 01:03 PM0

    While analysts continue to debate the overall effectiveness of economic curbs on Russia, there can be no doubt they have hit hard in its car industry, which was heavily reliant on foreign manufacturers and imported parts.

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  • Luminar, Mercedes-Benz Expand Deal For Self-Driving Tech

    Luminar, Mercedes-Benz Expand Deal For Self-Driving Tech

    ReutersBy Reuters•Feb 23, 2023 12:53 PM0

    Automakers from Tesla Inc to General Motors are focusing on autonomous vehicles, but technological and regulatory hurdles remain.

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