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Feb 23, 2023, 6:50 PM

Oil Surges More Than 3% As Fed's Powell Eases Rate Hike Concerns

Brent crude futures were up $2.70, or 3.3%, to $83.69 a barrel, while U.S. West Texas Intermediate crude futures rose $3.03, or 4.1%, to $77.14 per barrel.

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  Reuters | Feb 23, 2023

  Iraqi Oil Flows Resume To Turkey, Azeri Exports Still Stopped

  The ministry of natural resources for Iraq's Kurdistan Regional Government (KRG) said the pipeline restarted flows at 9:45 p.m. local time (1845 GMT)

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  Reuters | Feb 23, 2023

  Oil Settles Up For Third Day As Interest Rate Concerns Ease

  Brent crude settled up $1.40, or 1.7%, to $85.09 a barrel while U.S. West Texas Intermediate (WTI) crude settled up $1.33, or 1.7%, to $78.47.

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  Reuters | Feb 23, 2023

  Gulf Nations To Remain Major Oil Suppliers To India For A 'Long Time', Minister Says

  He also said India will consider buying oil from Iran and Venezuela if sanctions are lifted and would continue purchases from Russia if prices "continue to be good"

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  Reuters | Feb 23, 2023

  India's HPCL Posts 80% Drop In Q3 Profit On Marketing Margin Hit

  Revenue from operations for the company rose 12.6% to 1.16 trillion rupees from 1.03 trillion rupees a year earlier.

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  Reuters | Feb 23, 2023

  Oil India Beats Q3 Profit View On Higher Output, Better Pricing

  The company said it posted its highest ever profit in a quarter due to better pricing and higher output of crude oil and natural gas.

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  Reuters | Feb 23, 2023

  Oil Prices Rise Over 2% On Russian Plan To Cut Output

  Russia plans to reduce its crude oil production in March by 500,000 barrels per day (bpd), or about 5% of output

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  Reuters | Feb 23, 2023

  Oil Edges Higher As Market Weighs Russian Supply Cuts Amid Demand Fears

  Brent futures for April delivery rose 22 cents, or 0.3%, to $86.61 a barrel, while U.S. crude rose 42 cents, or 0.5%, to $80.14 per barrel gain.

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  Reuters | Feb 23, 2023

  India's ONGC Posts 26% Rise In Q3 Profit On Higher Crude, Gas Prices

  India in September raised the price of locally produced gas by 40% to a record $8.57 per million metric British thermal units

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