Page 40 - Oil Prices

Oil edges higher on weaker dollar, but demand threats from US China tension

Brent crude rose by 6 cents, or 0.1 per cent, to $43.37 a barrel by 0634 GMT, and US West Texas Intermediate (WTI) crude rose by 1 cent to $41.08

Oil prices jump 3% on coronavirus vaccine hopes, EU stimulus deal

West Texas Intermediate jumped $1.36, or 3.3%, to $42.17 a barrel

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

Income of Russians plunges most in 20 years in Q2; GDP shrinks 9.6%

The income fell 8 per cent in year-on-year terms in April-June, the state statistics service Rosstat said on Friday

Oil demand may hit 100 million b/d in 2041 if economic recovery sustains

Platts Analytics sees continued growth in long-term petrochemicals demand as potentially delaying peak oil demand to 2021.

OPEC chief sees oil market moving closer to balance ahead of key meeting

After July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken

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 slips 2% as resurgent Covid-19 makes investors worry about US demand

Brent crude futures fell 85 cents, or 2 per cent, to $42.44 a barrel by 12:58 p.m

How Kuwait expat quota bill may affect Indian diaspora of the gulf nation

Gulf News reported that 'this could result in 800,000 Indians leaving Kuwait, as the Indian community constitutes the largest expat community in Kuwait, totalling 1.45 million'

Oil prices mixed as coronavirus spike casts shadow over US demand

OPEC and allies including Russia, collectively known as OPEC+, have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July

Early signals for the fisc

The April-May figures show a sharp rise in external financing and spending on farm as well as rural India

Oil falls below $43 a bbl on Covid-19 surge but headed for a weekly gain

OPEC oil production fell to its lowest in decades in June and Russian production dropped to near its OPEC+ target

Crude oil falls as growing coronavirus cases stoke fuel demand worries

Increases in the daily cases of the coronavirus, however, globally and in the United States pressured prices

ONGC, Oil India stocks rise: Post rally investors need to exercise caution

With the muted outlook for crude oil realisations and volumes, FY21 earnings may take a hit

Oil rises on positive US economic data; Covid-19 concerns limit gains

New Covid-19 cases in the United States rose by nearly 50,000 on Wednesday

Oil rises 2% on US crude stockpile draw, global manufacturing activity

Brent crude rose 80 cents, or 1.9 per cent

OPEC, Russia seen easing oil production cuts from August: Report

OPEC+ have agreed to cut production by a record 9.7 million barrels per day

Oil prices slip as weak Japan data exposes market jitters over weak demand

Brent crude futures for September fell 32 cents, or 0.8%, to $41.53 a barrel, paring Monday's 92-cent gain

Opposition finds its voice to protest against rise in petrol, diesel prices

The Rashtriya Janata Dal's Tejashwi Yadav threatened a 5-km cycle yatra by party workers across Bihar's villages on July 5 if the Centre did not reduce oil prices by Rs 20

Oil price settles lower on rise in new coronavirus cases in US and China

The global economic outlook has also worsened or at best stayed about the same in the past month