Crude oil

Oil prices remain near 2016 highs on global supply disruptions

Oil prices were trading near 2016 highs on Wednesday, as supply disruptions and output cuts continued to tighten the market, although traders cautioned that high global crude inventories were still weighing on markets.

IEA Oil market Report, IEA News, IEA Oil News

Oil glut ‘may ease’ by 2017 as non-cartel supply drops: OPEC

OPEC today said a global crude glut that has squeezed the market and sent prices plunging over the past year "may be easing" as a result of countries outside the oil producing cartel dropping their production.

Crude oil price in 2016

Refiners struggle to stay afloat as Asia drowns in gasoline

Asia's refined product markets are being swamped by a wave of gasoline as a long-lasting crude oil glut spills into the one fuel market refiners had hoped would save them, ruining margins and dragging down share prices across

Asia, product markets, crude oil, oil prices, share prices, gasoline, SK Innovation, equity stocks

Oil prices down as traders await key US jobs report

Crude prices dipped in Asia today as traders await a closely watched US jobs report that could provide clues on the health of the world's biggest economy and the direction of interest rates.


India to pay 1.5% interest on $6.5 bn Iran oil dues

Iran wanted interest to be paid after differences cropped up over foreign exchange rate.


Crude oil prices take a breather after hitting 2016 highs

Crude prices pulled back from 2016 highs early on Thursday as traders locked in profits after April's sharp rally, but analysts said falling U.S. production and strong investor appetite could push prices higher.

Crude oil prices

Next downturn? Why rebound in oil prices from 12-year lows may come to a crashing halt

Soaring oil output has left the world awash with cheap crude as supply exceeds demand by 1 million to 2 million barrels per day.

Crude oil price in 2016

IMF expects $500 bn revenue loss for Mideast oil exporters

The IMF has encouraged reforms such as lifting subsidies and tightening public sector wage bills to offset the impact


Oil rises as IEA expects biggest non-OPEC output fall in 25 years

Iran, determined to regain market share following the lifting of sanctions last January, reiterated its intention to reach output of 4 million bpd.

Crude oil

Crude oil prices fall as major producers hint at output hike

Crude prices fell early on Thursday as concerns over a global glut took centre stage after Russia and Iran said they were ready to raise oil production further, while inventories in the United States climbed slightly.

Crude oil prices

Iran struggles to find enough ships for oil exports

Eight foreign tankers, carrying a total of around 8 million barrels of oil, have shipped Iranian crude to European destinations since sanctions were lifted in January

Oil tanker

RIL looks to shut crude distillation unit in May

RIL said the SEZ refinery of the company may shut down one crude distillation unit for routine maintenance and inspection for about 3 weeks from May 1

RIl Q4 results FY2016

ISIS income drops 30% on lower oil, tax revenue: IHS

Revenue for ISIS or ISIL, fell to $56 million a month in March from around $80 million a month in the middle of last year

ISIS, ISIL, crude oil

OPEC cuts 2016 oil demand growth forecast, warns of more

OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.


Oil prices fall on stronger dollar, further oversupply worries

Oil futures fell in Asian trade on Friday as oversupply, a strengthening dollar and falls in regional stock markets all weighed on sentiment. But another fall in U.S. oil output in January helped to limit the losses.

oil prices

Oil prices rise as US producers struggle, focus shifts to inventory

Oil prices rose early on Wednesday after falling in the previous session, with U.S. producers showing increasing signs of financial distress and as focus shifted to U.S. inventory data due later in the day.

crude oil

Crude oil will remain range-bound; Good time for India to stockpile oil assets

The global supply exceeds demand by 1-2 million barrels per day. This has led to more than 60% decline in crude prices over the last 2 years.

Crude oil prices

Oil likely to recover to US dollar 55 per barrel in 12 months: report

Oil prices are likely to recover after 11-year low to USD 55 per barrel from the current USD 34 in 12 months, following gains in the latter half of 2016, according to a report.

oil price

Oil prices defend gains as output dips, China boosts consumption

U.S. crude oil prices were steady in early Asian trading on Tuesday after lower domestic production as well as dipping output from OPEC tightened the market just as China further eased its monetary policy in a bid to boost co

oil price

Oil prices dip on continued oversupply, despite news of meeting to freeze output

Crude oil prices dipped in early trading on Friday as reports of a meeting by oil producers to freeze output failed to convince traders that enough effort was being made to rein in ballooning global oversupply.

oil price

Oil prices extend losses in Asia

Oil prices fell further in Asia today after OPEC kingpin Saudi Arabia shut the door on an output cut to ease the global crude supply glut, touting only a freeze in production.

oil marketing companies, ioc, bpcl, hpcl

Oil prices fall as OPEC squabbles over output targets, crude stocks swell

Oil prices slid in early trading on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry data showed a further build in U.S. crude stockpiles.

crude oil

Oil dips as rising Iranian output to counter falling US shale production

Oil prices dipped slightly in early trading on Tuesday after posting strong gains the previous session on the back of an expected drop in U.S. production, but which analysts expect to be countered by rising output from Iran.

oil marketing companies, ioc, bpcl, hpcl

Oil prices stabilise but market remains weak on ongoing glut

International benchmark Brent was up 24 cents at $33.25 per barrel. Both contracts had fallen almost 4 percent on Friday.


Oil & gas exploration and production: Declining crude output a major concern for Oil India

Declining crude production in its core asset is a major concern for Oil India in our view, especially since the reasons for the decline are now more operational in nature, being related to natural decline in its mature fields

FPIs take out Rs 4,600 cr in Feb on slump in crude prices

Overseas investors have pulled out a massive Rs 4,600 crore from the Indian capital markets this month so far, primarily on account of continuous fall in crude oil prices and fears of a global slowdown.

US oil prices fall after crude stocks hit record high

US crude had slipped 30 cents to $30.47 a barrel by 0016 GMT, after settling up 11 cents in the previous session.

crude oil
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