Page 35 - Crude Oil Price

Saudi Aramco to go ahead with plans to boost oil output capacity, says CEO

The oil company will boost outpur capacity by 1 million barrels per day (bpd) to 13 million bpd despite spending cuts this year and next year

Oil prices slip on uncertainty over US recovery, stimulus, rising Covid-19

WTI and Brent are both set for weekly gains of at least 4%, the most for the two benchmark contracts since the week ending July 3

Oil prices under five-month highs on weaker dollar, low US crude inventory

Brent crude fell 7 cents to $45.10 a barrel by 0802 GMT, while US crude was down 25 cents at $41.94

The importance of high-yield markets

Their role in fuelling the success of the US shale industry offers lessons for India's economy today

India's June crude oil imports lowest in over 5 yrs; exports fall

Fuel demand in India, the world's third-biggest oil importer and consumer, fell 7.8% in June

India's June crude oil imports lowest in over five years; exports also drop

Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes

Oil gains on sharp US crude inventory drop; Covid-19 keeps surge in check

Brent crude futures gained 35 cents to $43.57 a barrel by 10:57 a.m. EDT (1457 GMT). US West Texas Intermediate crude futures were up 18 cents to $41.22.

First Abu Dhabi Bank profit drops 25% on higher impairments charges

Banks in the region have been hit by the twin shock of the coronavirus pandemic and lower oil price

Economy may witness more pain as workers return and remittances fall

Getting back to their jobs abroad is uncertain for most workers now. This is particularly true for the Gulf region, from where over 60 per cent of India's remittances flow in

India to post current account surplus this fiscal, first since FY04: Report

After many quarters, the economy logged in a marginal current account surplus in June quarter at 0.1 per cent or $600 million as against a deficit of $4.6 billion or 0.7 per cent of GDP in FY19

Outlook on Gold, Silver and Crude by Bhavik Patel of Tradebulls Securities

On MCX, next target for Gold comes around Rs 52,000 where it will see some pullback as it has rallied one way in relative short period of time

Oil steady as vaccine news counters rise in coronavirus cases, fuel demand

Brent futures were up 15 cents, or 0.4 per cent, at $43.43 by 0117 GMT, while West Texas Intermediate (WTI) edged up 2 cents to $40.83

Chevron to buy Noble Energy for nearly $5 billion in rare oil-bust deal

The deal will grow Chevron's shale presence in both the Permian Basin and the Denver-Julesburg Basin in Colorado.

Oil prices fall after OPEC raises crude output as US Covid-19 cases surge

Both benchmarks rose 2% on Wednesday following a sharp drawdown in US crude inventories

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

Crude oil prices remain stable despite surge in global Covid-19 cases

The World Health Organization reported a record daily increase in global coronavirus cases on Sunday, with the total up by more than 230,000.

Oil prices climb more than 2% on improved forecast for demand recovery

Prices also found support after data showed US energy firms cut the number of oil and natural gas rigs operating to a record low for a 10th week in a row

Oil prices steady as economic data overshadows coronavirus worries

Brent crude futures settled at $43.08 a barrel, down 2 cents in the session. US West Texas Intermediate settled down 1 cent at $40.62 a barrel.

Oil steady as hopeful economic data face spike in coronavirus cases

Brent crude settled at $43.10 a barrel, up 30 cents.

Crude oil can hit $50/bbl in 2021; gas demand to pick up in India: Analysts

Currently, Brent prices are hovering around the $42/barrel mark