Page 51 - Oil Prices

Goldman Sachs says OPEC's 'shock and awe' will drive oil higher

A 24-nation alliance known as OPEC+ that formed two years ago has just started another round of output curbs to prevent a supply glut

Oil drops 2% over concerns in global demand growth in the coming year

The market is worried about whether demand is sufficient to absorb growing crude production from the US

Global oil prices skid on high US crude production, economic slowdown

China hopes fiscal stimulus can stem economic slowdown

Oil rises after US threat of sanctions on Venezuelan crude exports

With Iran already crippled by US sanctions on its oil, a further drop in Venezuelan exports could squeeze global supply and rapidly push up prices

Oil prices extend falls as economic slowdown worries weigh on markets

The decline followed a slump in global financial markets on Tuesday as concerns over global growth spooked investors into looking for safe-haven assets like government bonds or gold

Oil prices edge up as investors latch on to Opec cuts, supply outlook

Global equities fell after data pointed to a slowdown in Chinese economic growth in 2018 to a 28-year low

Oil prices set for third weekly increase on OPEC curbs, demand hopes

Crude has held on to its rally above $50 a barrel for over a week, rebounding more than 20 per cent from a low on Dec. 24

Oil prices fall on increased US output, slackened demand, US-China tiff

Even as Opec and allied exporters cut production, however, US output has surged close to 12 million bpd in the latest week

Oil prices steady on supply optimism but economic slowdown concerns loom

The outlook for the global economy darkened further after Britain's parliament on Tuesday shot down Prime Minister Theresa May's deal to leave the European Union

Oil prices jump more than 2% on trade talks optimism, OPEC cuts

These are the first face-to-face meetings between officials from the two countries since Trump and Jinping agreed on a 90 day truce in trade war on December

Oil prices rise on US-China trade talk hopes, Opec supply cuts

Crude prices so far in 2019 have been buoyed by supply cuts from the Organization of the Petroleum Exporting Countries including top exporter Saudi Arabia, and allies including Russia

Every $10 per barrel hike in oil price raises CPI by 0.49%, says study

If prices hit $85 a barrel, the deficit on account of oil would be $106.4 billion - 3.61% of India's GDP - reveals study

Oil prices jump 4% as US stocks gain, but demand concerns still weigh

Oil futures were buoyed by some gains in US stocks, with the Nasdaq Composite turning positive after earlier losses

Rewind 2018: Reduction in kerosene users, but retail prices high

On the consumer front, the number of cooking gas consumers has doubled

Oil prices fall more than 2% after rebounding as US stock markets retreat

Prices surged on Wednesday, tracking a spike in the US equities market after President Donald Trump's administration attempted to shore up investor confidence

Oil slips back towards 18-months lows on oversupply, economy concerns

Both crude oil benchmarks have lost more than a third of their value since the beginning of October and are heading for losses of more than 20 per cent in 2018

Oil prices likely to gain early 2019 after production cuts: OPEC ministers

Oil prices have shed more than 36 per cent since early October to trade at $54 (47 euros) per barrel, due to fears of oversupply and weak global demand.

Oil rebounds from rout as US data shows signs of strong product demand

Brent crude futures were up 61 cents at $56.87 a barrel, a 1.1% gain

Oil prices drop 4% on oversupply, equities sell-off and darkening outlook

Both crude oil benchmarks have shed more than 30 per cent since early October due to swelling global inventories

The future of oil prices

Given continuing US-Iran tensions and the production cutbacks by Opec and non-Opec producers, oil prices are likely to remain high even in the event of a global slowdown