India has increased the basic import tax on crude and refined edible oils by 20 percentage points to support local oilseed farmers. This change will raise the total import duty on these oils, ...

Brent crude oil is currently priced at $72.14 per barrel, showing a slight increase of $0.17 (+0.24%) for the day. However, behind this small rise is a much larger story unfolding in the oil markets.

Her expertise is in personal finance and investing, and real estate. Crude oil options are the most widely traded energy derivatives on the New York Mercantile Exchange (NYMEX), which is one of ...

What is the current oil price today? WTI futures traded at $68.04 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 7.35%. Brent futures traded at $71.28/bbl, an increase of 1.64% ...

Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 ...

A rapid slowdown in Chinese oil-demand growth is driving down global consumption, reinforcing expectations that demand will peak by the end of the decade, the International Energy Agency said.

The descent that saw prices for Brent crude drop below US$70 for the first time in three years was driven mainly by concerns about demand after the world’s top two oil consumers, China and the United ...

Shares of state-owned oil and gas heavyweights Oil India and ONGC have witnessed sustained selling in the recent past, in sync with BSE Oil & Gas Index, amid sharp decline in crude oil prices. Though ...

Investopedia / Julie Bang Crude oil futures slipped to multi-month lows Tuesday as OPEC cut its 2024 forecast, citing weakness in demand from China. Brent crude futures fell more than 4% Tuesday ...

A slump in oil prices could lead to further reductions at the fuel pumps but any benefit risks being stripped away next month as the chancellor seeks ways to bolster the public finances.

The price of crude oil has been under pressure recently as markets fret about a series of potential headwinds, including slowing economic growth, lower rates, and weak demand from China.