archiveoil prices

The world’s biggest oil and gas companies have posted another strong quarter, with just Europe’s top six majors booking a collective $38 billion for the July-to-September quarter. Adding Exxon and Chevron, the figure swells considerably. But the supermajors are in no rush to start spending that windfall.The oil and gas industry is having the exact opposite year to 2020. The war between the United States and Israel, and Iran has pushed oil and gas prices to the highest in years. The war between Russia and Ukraine, meanwhile, has driven refining...

The latest jump in oil prices has disturbed Indian equities, with both major indices starting the week with losses and 12 out of India’s 16 sectors booking losses, Reuters reported earlier in the day.With Brent crude trading at over $114 per barrel, it is not hard to see why investor sentiment in the world’s third-largest importer of crude is not exactly optimistic, pushing Sensex down by 0.46 today, and Nifty 50 down by 0.5. IT stocks specifically shed 1.1%, the report said.“Concerns over supply disruptions due to escalating Mideast tensions...