[ad_1] NEW DELHI: State-run fuel retailers are delaying a price cut as oil prices harden towards $80/barrel as the narrative of the market getting tighter gains momentum amid demand outlook turning bullish to coincide with supply cuts from Saudi Arabia and Russia.Oil prices posted their third straight weekly gains last week, the first since April, … Read more
[ad_1] Fatih Birol, executive director of the International Energy Agency (IEA), was in New Delhi for a series of G20 meetings. In an interview to TOI, Birol who is a well-known energy expert, says that China’s economic performance will determine the way oil prices behave. Excerpts:Where do you see oil prices after the latest voluntary … Read more
[ad_1] Last Updated: May 16, 2023, 23:47 IST Both benchmarks rose more than 1% on Monday, reversing a three-session losing streak. (Image: Reuters File) Brent crude futures were down 30 cents to $74.93 a barrel by 12:57 p.m. EDT (1657 GMT), while U.S. West Texas Intermediate crude edged down 22 cents to $70.89 Oil futures … Read more