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The Business Standard

Friday
May 08, 2026

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FRIDAY, MAY 08, 2026

Global Oil Market

Global Oil Market

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration

Oil prices jump as Hamas attack on Israel fuels supply fears

The crisis fanned concerns about supplies of crude from the region at a time when supply worries are already high owing to Saudi Arabia and Russia's output cuts

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. REUTERS/Stringer

Oil falls $1 on demand fears, Saudi confirms cuts to year-end

Storage tanks and trucks at the Imperial refinery in Edmonton, Alberta, Canada..Photographer: Jason Franson/Bloomberg

The 'Peak Oil' sequel comes with a new twist

Photo: Bloomberg

Oil dips as markets shrug off supply jitters

Diesel is pricing a scarcity with winter rush looming large

Diesel is pricing a scarcity with winter rush looming large

A weak dollar has also provided support for crude prices as a lower dollar makes oil less expensive for buyers. Photo: Collected

Oil gains reverse on banking sector fragility

Photo: Collected

Russian sanctions shift oil price-making power to Asia from Europe

Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File Photo

Oil prices continue slump in fallout from SVB shutdown

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken 24 February, 2022. PHOTO: REUTERS/Dado Ruvic/Illustration

Oil heads for weekly loss on rate hike worries, ample supply

Oil rebounds after biggest drop in decades at start of year

Oil rebounds after biggest drop in decades at start of year

A 3D-printed oil pump jack is seen in front of the OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File Photo

Oil jumps about $4 as OPEC+ weighs biggest output cut since 2020

An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cnsphoto via REUTERS

Russia's surging oil exports to China in Aug fail to keep Saudis down

Venezuela's President Nicolas Maduro speaks during a news conference at Miraflores Palace in Caracas, Venezuela December 12, 2018. REUTERS/Marco Bello

Venezuela 'ready' to supply global oil market: Maduro

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