Fuel Oil
Fuel oil is a heavy petroleum product derived from the distillation of crude oil, primarily used for heating and power generation. It has a higher flash point t...
Fuel Oil (180cST Furnace Oil) in Mumbai
₹41.5/KG
0%
7 hours ago
Pan India Delivery
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Daily Market Report
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Oil Prices Rise Amid Middle East Tensions and Hurricane-Driven Fuel Demand
Brent crude futures rose 37 cents, or 0.5%, to $76.95 a barrel, while U.S. West Texas Intermediate futures increased 35 cents, also 0.5%, to $73.59 a barrel at 0034 GMT. MCX crude oil prices opened at 6,210, gaining 1.49%.
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A Decline Noticed in Commercial Crude Oil Inventories
Demand and inventory are a topic of concern for oil amidst refiners in Europe cutting rates due to poor margins. Decreased crude oil inventory in the US is another concern. Check the report below for detailed update on petroleum market update.
Read Story
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FPetroleum_5_f380380411.png&w=3840&q=75)
Hurricane Francine Drives Oil Prices Up; IEA Cuts 2024 Demand Forecast Amid China Slowdown
Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the coast of Louisiana. Brent crude futures rose by 34 cents, or 0.5%, to $72.31 per barrel by 0016 GMT. U.S. West Texas Intermediate crude futures rose by 38 cents, or 0.6%, to $69.35 a barrel. MCX crude oil prices opened at ₹5,830, gaining 0.36%.
Read Story
Oil Prices Stabilize Amid OPEC+ Supply Delay Talks and Demand Concerns
Brent crude futures rose by 9 cents, or 0.12%, to $72.79 at 0002 GMT, after dropping 1.42% in the previous session. U.S. West Texas Intermediate crude futures for October were up 12 cents, or 0.17%, to $69.32, after dropping 1.62% on Wednesday. MCX crude oil prices opened at 5857 with a gain of 0.10%.
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North Sea Supply Increase Tempers Market Sentiment Amid U.S. Inventory Fluctuations
Brent crude futures for October delivery, which expire on Friday, were up 23 cents, or 0.3%, at $80.17 a barrel by 0410 GMT. The more actively traded November contract rose 20 cents, or 0.2%, to $79.02. U.S. West Texas Intermediate crude futures gained 18 cents, or 0.2%, to $76.09. MCX crude oil prices opened at 6400 with a gain of 0.60%.
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Oil Prices Fall on U.S. Data and Supply News; Inventory Declines May Boost Support
Brent crude futures were down a cent to $77.21 per barrel by 0033 GMT. U.S. West Texas Intermediate crude futures were up 4 cents to $73.05 per barrel. MCX crude oil prices opened at 6142 with a fall of 0.26%.
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US Oil M&A Boom Amid Refinery Slowdown
Brent crude futures for September rose 46 cents to $81.47 a barrel by 0020 GMT. US West Texas Intermediate crude for September increased 42 cents to $77.38 per barrel. MCX Crude oil prices opened at 6478 with a rise of 0.53%.
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Crude Oil Prices Rise Amid Middle East Tensions and Record US Production
Brent crude futures rose $2.18, or 2.85%, to $78.66 per barrel. US West Texas Intermediate crude rose $2.4, or 3.28%, to $75.60. MCX Crude oil prices opened at 6342 with a gain of 0.24%.
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Oil Prices Fall Amid China’s Economic Slowdown and Demand Concerns
Brent crude futures were down $1.26, or 1.59%, at $77.78 per barrel by 0020 GMT, and U.S. West Texas Intermediate crude futures fell $1.20, or 1.59%, to $74.36 per barrel. MCX Crude oil prices opened at 6,288 with a fall of 1.19%.
Read Story
Daily Market Report
Oil Prices Rise Amid Middle East Tensions and Hurricane-Driven Fuel Demand
Brent crude futures rose 37 cents, or 0.5%, to $76.95 a barrel, while U.S. West Texas Intermediate futures increased 35 cents, also 0.5%, to $73.59 a barrel at 0034 GMT. MCX crude oil prices opened at 6,210, gaining 1.49%.
Read Story
A Decline Noticed in Commercial Crude Oil Inventories
Demand and inventory are a topic of concern for oil amidst refiners in Europe cutting rates due to poor margins. Decreased crude oil inventory in the US is another concern. Check the report below for detailed update on petroleum market update.
Read Story
Hurricane Francine Drives Oil Prices Up; IEA Cuts 2024 Demand Forecast Amid China Slowdown
Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the coast of Louisiana. Brent crude futures rose by 34 cents, or 0.5%, to $72.31 per barrel by 0016 GMT. U.S. West Texas Intermediate crude futures rose by 38 cents, or 0.6%, to $69.35 a barrel. MCX crude oil prices opened at ₹5,830, gaining 0.36%.
Read Story
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