Page 36 - Oil Prices
Oil prices down 1% as OPEC debates to extend deep output cuts in 2021
U.S. West Texas Intermediate crude for January fell 35 cents, or 0.8%, to $45.18 a barrel
 "Oil prices down 1% as OPEC debates to extend deep output cuts in 2021")
Petrol consumption up 4.5 per cent, diesel down 7.3 per cent in November
The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year
 "Petrol consumption up 4.5 per cent, diesel down 7.3 per cent in November")
Oil prices set for weekly gain ahead of OPEC+ meeting next week
OPEC+ was planning to raise output by 2 million barrels per day (bpd) in January - about 2% of global consumption
Oil regulator PNGRB simplifies gas pipeline tariff for better affordability
PNGRB said the tariff for the first tariff zone will be 40 per cent of the tariff for the second zone
Oil rises for 5th day straight on surprise fall in US stocks, vaccine hopes
Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising around 1.6% in the previous session
Oil prices extend gains on coronavirus vaccine hopes, OPEC+ output check
Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel, while US West Texas Intermediate crude gained 10 cents
Oil slips a second day as coronavirus cases spiral amid stimulus talks
US oil prices slipped, but prices were supported by signs of movement on a stimulus deal in Washington
 "Oil slips a second day as coronavirus cases spiral amid stimulus talks")
Oil dips on Covid-19 lockdown worries even though OPEC+ may tighten supply
Brent was down 29 cents, or 0.6%, at $43.53 a barrel by 1444 GMT while US crude was down 27 cents, or 0.6%, at $41.07. Both had been up 40 cents earlier in the session.
Oil prices slide on swelling Libya output, coronavirus infections
NEW YORK (Reuters) - Oil prices fell about 2% on Friday, pressured by swelling output from Libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel demand.
 "Oil prices slide on swelling Libya output, coronavirus infections")
Oil prices fall on coronavirus surge but on track for weekly gain
U.S. government data also added pressure, as crude inventories rose by 4.3 million barrels last week, compared with an expected fall of 913,000 barrels.
Oil rises on declining US crude stocks, hopes of Covid-19 vaccine
Crude stockpiles fell by 5.1 million barrels last week to about 482 million barrels, industry group data showed on Tuesday
 "Oil rises on declining US crude stocks, hopes of Covid-19 vaccine")
Crude oil glut likely to overshadow any OPEC+, US policy shifts
S&P Global Platts Analytics slashed its 2021 oil consumption outlook by 700,000 barrels per day (b/d) recently and now predicts oil demand growth of 5.8 million b/d in 2021
 "Crude oil glut likely to overshadow any OPEC+, US policy shifts")
Oil prices gain as Covid-19 vaccine hopes outweigh lockdown impact
Brent crude futures rose 53 cents, or 1.3%, to $42.93 by 1435 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 54 cents, or 1.3%, to $40.83
Oil prices drop as near-term demand concerns overshadow vaccine hopes
U.S. West Texas Intermediate (WTI) crude CLc1 futures dropped 81 cents, or 2%, to $39.48 a barrel
 "Oil prices drop as near-term demand concerns overshadow vaccine hopes")
Oil prices soar about 8% on promising coronavirus vaccine results
NEW YORK (Reuters) - Oil surged about 8% on Monday, putting it on track for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine, boosting risk assets around the globe.
Oil climbs as President-elect Biden's win triggers broader market rally
Futures rose 2.5 per cent, following equity markets higher as more certainty emerged from the outcome of the vote
Oil prices drop 4% as US vote count continues, coronavirus cases rise
France reported record coronavirus cases, intensifying concerns that additional lockdowns in Europe could weigh on demand
Oil falls nearly 1% amid European lockdowns, US election uncertainty
The Bank of England increased its bond-buying stimulus as it prepared for economic damage from new coronavirus lockdowns and the looming risk of Brexit
 "Oil falls nearly 1% amid European lockdowns, US election uncertainty")
Oil falls over 1% as markets whipsawed by US election uncertainty
Oil dropped as Democrat Joe Biden edged closer to the White House but the Republicans look likely to retain Senate control, decreasing the chances of any huge Covid-19 relief package
Oil prices rise 2% but traders brace for wild ride on US Election Day
Brent futures rose 84 cents, or 2.2 per cent, to $39.81 a barrel by 1:58 p.m.
