Business Standard

Page 4 - Oil Prices Rise

Oil prices hit 3-month high on Opec cuts, US sanctions on Iran, Venezuela

Opec, as well as some non-affiliated producers like Russia, agreed late last year to cut output by 1.2 million barrels per day to prevent a large supply overhang from swelling more

Oil prices hit 3-month high on Opec cuts, US sanctions on Iran, Venezuela
Updated On : 18 Feb 2019 | 9:24 AM IST

Oil prices fall 3% on rising US production, economic slowdown fears

Brent has risen nearly 12% so far in Jan, which would be the largest monthly percentage increase since Dec 2016

Oil prices fall 3% on rising US production, economic slowdown fears
Updated On : 29 Jan 2019 | 2:52 AM IST

Oil rises 1% on supply cuts, but fears of economic slowdown persist

International Brent crude oil futures were at $59.64 per barrel, up 65 cents, or 1.1%, from their last close

Oil rises 1% on supply cuts, but fears of economic slowdown persist
Updated On : 15 Jan 2019 | 2:56 PM IST

Oil prices surge almost 4% on US-China trade truce, expected supply cuts

Brent crude futures rose $2.23 to settle at $61.69 a barrel, a 3.75 percent gain

Oil prices surge almost 4% on US-China trade truce, expected supply cuts
Updated On : 04 Dec 2018 | 2:15 AM IST

Oil rises on supply cut talks, but prices stay down on oversupply concerns

US light crude was up 98 cents at $57.44 after its steepest one-day loss in more than three years on Tuesday

Oil rises on supply cut talks, but prices stay down on oversupply concerns
Updated On : 16 Nov 2018 | 9:51 PM IST

Oil rebounds to $73 on reports of Russia, Saudi discussing output cut

Russia's TASS news agency reported that the two countries had started bilateral talks on the issue

Oil rebounds to $73 on reports of Russia, Saudi discussing output cut
Updated On : 07 Nov 2018 | 11:49 PM IST

World's biggest traders see oil prices breaking above $100 next year

The traders said, however, they expected some demand destruction in emerging market economies to help cap oil prices

World's biggest traders see oil prices breaking above $100 next year
Updated On : 10 Oct 2018 | 7:33 PM IST

IEA urges Opec to boost output as high oil prices threaten global economy

IEA said last week that rising crude prices may dent demand in some of the world's fastest-growing nations unless producers take steps to boost supplies

IEA urges Opec to boost output as high oil prices threaten global economy
Updated On : 09 Oct 2018 | 4:28 PM IST

Russia, Saudi struck private deal in Sept to raise oil output, informed US

US President Donald Trump has blamed the OPEC nations for surge in oil prices

Russia, Saudi struck private deal in Sept to raise oil output, informed US
Updated On : 03 Oct 2018 | 4:01 PM IST

Oil prices at 4-year high as Iran sanctions stoke concern among investors

Crude has rallied about 16 percent since mid-August as supply losses from Iran to Venezuela continue to rattle global markets

Oil prices at 4-year high as Iran sanctions stoke concern among investors
Updated On : 03 Oct 2018 | 8:56 AM IST

Oil prices rise after Saudi cut output in July despite OPEC agreement

In July, Saudi Arabia told the producer group of the OPEC that it had cut production by 200,000 barrels per day to 10.288 million bpd

Oil prices rise after Saudi cut output in July despite OPEC agreement
Updated On : 14 Aug 2018 | 7:47 AM IST

Oil price spike or ignore Trump: China and India's big decision

The Iranian issue is just one of several US foreign policy decisions that are reaching across the oil market with the potential to upend crude flows

Oil price spike or ignore Trump: China and India's big decision
Updated On : 07 Jul 2018 | 9:15 PM IST

Oil prices rise on Iran sanction worries, despite surging US supplies

Brent crude oil futures were at $73.25 per barrel at 0020 GMT, up 12 cents, or 0.2 per cent, from their last close

Oil prices rise on Iran sanction worries, despite surging US supplies
Updated On : 02 May 2018 | 7:30 AM IST

Oil jumps after Trump fires Rex Tillerson putting Iran nuke deal in focus

The market is having a wobble on the back of the potential impact on future supply from Iran and also for the ramifications for the Middle East as a whole

Oil jumps after Trump fires Rex Tillerson putting Iran nuke deal in focus
Updated On : 13 Mar 2018 | 9:04 PM IST

Oil prices rise as Saudi Arabia says producers will cooperate beyond 2018

Brent crude futures were at $68.89 a barrel at 0315 GMT, up 25 cents, or 0.4 per cent, from their last close

Oil prices rise as Saudi Arabia says producers will cooperate beyond 2018
Updated On : 22 Jan 2018 | 11:13 AM IST

Oil near three-year high of $69.8/bbl on output cuts by OPEC, Russia

a number of analysts have warned that the 13 per cent rally since the start of the year could peter out in the short term due to global refinery maintenance and rising North American production

Oil near three-year high of $69.8/bbl on output cuts by OPEC, Russia
Updated On : 16 Jan 2018 | 2:42 AM IST

Diesel, petrol prices soar across India on high global crude oil prices

Petrol prices also soared nationwide, as crude oil surges to 2-1/2-year highs following the explosion at the Libyan Crude oil pipeline and OPEC-led supply cuts and Russia.

Diesel, petrol prices soar across India on high global crude oil prices
Updated On : 27 Dec 2017 | 5:28 PM IST

Oil prices crosses $65 a barrel, near June 2015 high after cuts by OPEC

Brent crude futures, the international benchmark for oil prices, were at $65.25 a barrel, near the $65.83 per barrel briefly on December 12, the highest since June 2015

Oil prices crosses $65 a barrel, near June 2015 high after cuts by OPEC
Updated On : 26 Dec 2017 | 12:29 PM IST

Oil prices to rise to $60 as OPEC likely to extend cuts: Ex-Saudi adviser

Saudi energy ministry official said in a speech in Washington on Monday

Oil prices to rise to $60 as OPEC likely to extend cuts: Ex-Saudi adviser
Updated On : 26 Sep 2017 | 12:53 PM IST

Oil prices rise set for strongest Q3 gain since 2004

Opec and non-Opec producers including Russia have agreed to reduce output by about 1.8 million barrels per day until March

Oil prices rise set for strongest Q3 gain since 2004
Updated On : 21 Sep 2017 | 12:59 AM IST