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Oil prices recover as Donald Trump hints at intervening in Saudi-Russia price war

Oil prices recover as Donald Trump hints at intervening in Saudi-...

Fri, Mar 20, 2020

"An astonishing rebound in crude oil prices overnight was primarily driven by U.S`s consideration to intervene in the oil market by increasing strategic reserves, while slashing some oil production," said Margaret Yang, market analyst at CMC Markets.

Oil rockets nearly 20% as investors hail coronavirus stimulus spending - for now

Oil rockets nearly 20% as investors hail coronavirus stimulus spe...

Thu, Mar 19, 2020

Brent crude was up $2.10, or 8%, at $26.98 a barrel by 0028 GMT after tumbling 13% on Wednesday in a third day of relentless selling. U.S. oil gained $3.44, or 17%, to $23.81 a barrel after slumping nearly 25% in the previous session.

Indian economy to benefit from slump in international oil prices

Indian economy to benefit from slump in international oil prices

Thu, Mar 12, 2020

"We expect that oil and gas companies will actively manage their liquidity in 2020, reducing capital spending and potentially reducing or suspending distributions to shareholders amid lower operating cash flow and limited access to capital markets," it said.

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Petrol, Diesel price down gradually in India, as crude oil tumbles

Petrol, Diesel price down gradually in India, as crude oil tumbles

Tue, Feb 13, 2018

Petrol has tumbled in the range of 85 paisa to 91 paisa per litre, whereas diesel prices have come down between Rs 1.20 and Rs 1.28 per litre.

Petrol, diesel prices reverse trend in India, record fifth-consecutive decline

Petrol, diesel prices reverse trend in India, record fifth-consecutive decline

Mon, Feb 12, 2018

Price rise in fuel product has been since start of 2018, despite FM Arun Jaitley trimming down excise duty on various products, especially fuel products, during FY19 Budget.

Will Budget FY19's excise duty cut reduce petrol, diesel prices?

Will Budget FY19's excise duty cut reduce petrol, diesel prices?

Fri, Feb 02, 2018

With this reduction, the FM said the government will bear the revenue loss of Rs 13,000 crore in the remaining part of FY18.

Oil dips on higher US fuel stocks, but overall market remains supported

Oil dips on higher US fuel stocks, but overall market remains supported

Wed, Jan 24, 2018

Oil prices fell on Wednesday, weighed down by data that showed an increase in US crude oil and gasoline inventories. Brent crude oil futures were at $69.83 a barrel at 0444 GMT, down 13 cents from their last close.

Oil stable on threats of rebel attacks in Nigeria, falling US crude stocks

Oil stable on threats of rebel attacks in Nigeria, falling US crude stocks

Thu, Jan 18, 2018

Oil prices were stable on Thursday, supported by tighter inventories of crude as well as rebel threats of an attack on Nigeria`s petroleum industry, but the market was weighed down by a reported rise in U.S. fuel stocks.

Oil near three-year highs on output cuts despite rising North American rig count

Oil near three-year highs on output cuts despite rising North American rig count

Mon, Jan 15, 2018

Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

As oil hits $70, warning lights flash up in Asia

As oil hits $70, warning lights flash up in Asia

Fri, Jan 12, 2018

Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year.

Uptrend in crude oil price may further impact India's fiscal position

Uptrend in crude oil price may further impact India's fiscal position

Wed, Jan 10, 2018

Given the negative balance on Petro account, CARE stated that higher prices of crude oil will increase the trade deficit and put pressure on the rupee.

Oil prices edge up on lower US rig count, but below recent highs

Oil prices edge up on lower US rig count, but below recent highs

Mon, Jan 08, 2018

U.S. West Texas Intermediate (WTI) crude futures were at $61.61 a barrel at 0209 GMT, 17 cents, or 0.3 percent, above their last settlement, and not far off the $62.21 May 2015 high reached last week.

Asia stocks advance toward historic highs, US earnings test

Asia stocks advance toward historic highs, US earnings test

Mon, Jan 08, 2018

MSCI`s broadest index of Asia-Pacific shares outside Japan added 0.1 percent having climbed 3.1 percent last week, its strongest performance in six months.

Oil dips from mid-2015 highs as higher output looms

Oil dips from mid-2015 highs as higher output looms

Wed, Jan 03, 2018

Brent crude futures were at $66.74 a barrel, up 17 cents, still trailing yesterday`s high of $67.29

Oil market capped as US output fast approaches 10 million bpd

Oil market capped as US output fast approaches 10 million bpd

Thu, Dec 21, 2017

Oil prices were stable on Thursday, supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day, a level only surpassed by Saudi Arabia and Russia.

US oil dips on increased drilling, but OPEC cuts support global markets

US oil dips on increased drilling, but OPEC cuts support global markets

Mon, Nov 27, 2017

US oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended.

Global markets: Asian shares droop, yen gains as Korean tensions rise

Global markets: Asian shares droop, yen gains as Korean tensions rise

Tue, Sep 26, 2017

North Korea`s foreign minister said on Monday that a weekend tweet by President Donald Trump counted as a declaration of war on North Korea and that Pyongyang reserved the right to take countermeasures, including shooting down U.S. bombers even if they are not in its air space.

Oil prices fall on concerns of oversupply, low investment

Oil prices fall on concerns of oversupply, low investment

Wed, Aug 23, 2017

Oil prices fell early on Wednesday, squeezed between concerns of oversupply, sparked by rising Libya output, and fears of reduced future investment in the industry.

Oil rises on firm short-term demand outlook; overall market still weak

Oil rises on firm short-term demand outlook; overall market still weak

Tue, Jul 11, 2017

Oil prices edged up on Tuesday, lifted in part by a strong demand outlook for the coming weeks, but overall market conditions remain weak on the back of ample supplies and a more subdued outlook for long-term demand.

Oil could hit $60 before year-end -Barron's, citing Citi analyst

Oil could hit $60 before year-end -Barron's, citing Citi analyst

Mon, Jul 10, 2017

Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (OPEC) could push crude prices up to $60 a barrel before the end of the year, according to a report from Barron`s.

Oil edges up, but set for worst H1 performance in 20 years

Oil edges up, but set for worst H1 performance in 20 years

Fri, Jun 23, 2017

Oil edged up on Friday, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts. Brent crude futures were at $45.31 per barrel at 0222 GMT, up 9 cents, or 0.2 percent, from their last close.

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices struggle on doubts OPEC can rein in oversupply

Thu, Jun 15, 2017

"Production growth in Libya and Nigeria and continued rig additions in U.S. are complicating the picture, raising doubts on OPEC`s strategy. For OECD inventories to return to the normalized levels, OPEC needs to drain by 34 million barrels a month or 1 million barrels for the next 10 months. This looks challenging," AB Bernstein said.

Oil falls as rising Libyan, U.S. output undermines cuts

Oil falls as rising Libyan, U.S. output undermines cuts

Wed, May 31, 2017

Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC-led production cuts aimed at tightening the market.

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