Crude oil up on hopes of Chinese demand rising
Expectations of an increase in demand from China in 2023 buoyed crude oil futures higher on Monday morning. At 10.01 am on Monday, April Brent oil futures were up by 0.67 per cent at $84.56 and April crude oil futures on WTI were up by 0.63 per cent at $77.03. March crude oil futures were […]
Crude oil gains on IEA demand outlook
Crude oil traded higher on Thursday morning as the International Energy Agency (IEA) forecast an increase in the global oil demand in 2023. At 9.52 am on Thursday, April Brent oil futures were up by 0.52 per cent at $85.82 and March crude oil futures on WTI increased by 0.52 per cent to $79.11 . February […]
India’s clean energy transition initiatives not given the recognition it deserves: IEA Chief
Commending India for its initiatives to promote adoption of green energy, Executive Director of the International Energy Agency (IEA), Fatih Birol, rued that the country has not been accorded the recognition it deserves by the international community. In an interview to businessline, Birol said the G20 LiFE (Lifestyle for Environment) initiative promoted by Prime Minister […]
Crude oil dips as market waits for demand outlook reports
Crude oil traded lower on Monday morning as investors are now waiting for the demand outlook reports from major industry organisations this week.At 10.01 am on Monday, March Brent oil futures were at $84.76, down by 0.61 per cent, and March crude oil futures on WTI were at $79.42, down by 0.86 per cent. January […]