West Texas intermediate (WTI) crude

Despite crash in international oil prices, govt keeps fuel prices unchanged for 40 days

Despite crash in international oil prices, govt keeps fuel prices unchanged for 40 days

This is one reform initiative of the government that has not yielded the desired results on ground. A collapse in global crude oil prices...Read More

COVID19 lockdown puts India in a similar position that led to US oil WTI crash

COVID19 lockdown puts India in a similar position that led to US oil WTI crash

India is staring at a WTI moment with refiners flooding the market with petroleum products that has not enough takers in the absence of d...Read More

China pounces on crude as prices collapse, adds to stockpiles

China pounces on crude as prices collapse, adds to stockpiles

China, the world's biggest energy consumer, is building up stockpiles of crude oil as global prices plunge due to the coronavirus outbreak.

Now Brent crude slumps to below post-9/11 levels, WTI trades above $10/bbl

Now Brent crude slumps to below post-9/11 levels, WTI trades above $10/bbl

Just days after the rout in the WTI crude prices in the US, Brent crude has slumped below the levels recorded after the 9/11 terrorist at...Read More

Australia pounces on oil glut; to spend US$59 million to build a strategic reserve in US

Australia pounces on oil glut; to spend US$59 million to build a strategic reserve in US

Australia said Wednesday it will take advantage of record low oil prices to develop a long-needed strategic oil reserve, which will be lo...Read More

WTI crude again below zero on supply glut, storage crunch

WTI crude again below zero on supply glut, storage crunch

Price of West Texas Intermediate (WTI) crude in the US has again turned negative due to high supplies and shortage of storage facilities.

Covid-19: Oil prices slip further, WTI hits $15/barrel on low demand

Covid-19: Oil prices slip further, WTI hits $15/barrel on low demand

Crude oil prices plunged on Monday with the West Texas intermediate (WTI) crude in the US falling below the $15 per barrel mark, the lowe...Read More

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