Crude Oil price rises 3% as supply and global recession concerns continue
Russia's former president Dmitry Medvedev warned that a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil in the market and push prices above $300-$400 a barrel.
Jul 06, 2022, 11:36 AM IST
Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts
Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
Mar 05, 2020, 10:47 AM IST
Oil prices rise on expectation of output cut extension
Brent crude futures were at $49.82 per barrel at 0323 GMT on Monday, up 72 cents, or 1.47 percent, from their last close.
May 08, 2017, 10:38 AM IST
Iranian president tells Venezuela essential to raise oil prices
Iran`s President Hassan Rouhani told his Venezuelan counterpart Nicolás Maduro in a phone call that it was essential for oil producing countries to take a decision to raise the price of oil and stabilise the market, Iranian state news agency IRNA said.
Oct 04, 2016, 00:46 AM IST
