Oil prices up as traders weigh demand and supply issues Posted on April 21, 2022 by cngpump Hong Kong’s Hang Seng Index continued its downward spiral and Shanghai closed more than two percent lower as news from China around Covid-19 restrictions, interest rate cuts and curbs on tech companies remained a cause of concern. Related posts: Indian refiners’ March crude processing rises 6.4 per cent year-on-year Kerala HC declines to stay OMCs decision to hike price of bulk diesel purchase Oil stabilises after big drop on IMF growth cut G7 rejects Putin’s demand for rouble payment for Russian gas – Germany Crude oil opens higher as EU members weigh Russian oil ban Crisis-hit Sri Lanka seeks India’s help for cooking gas supply Brazil’s Petrobras CEO appointee may faces conflict of interest probe RBI issues notification to operationalise $500 mn loan to Sri Lanka for petroleum products OVL putting alternative channel in place after traders shun its Russian offering Hike in prices of fuel, fertilisers has exposed Modi govt’s anti-farmer attitude: SKM