Business Standard

Page 53 - Oil Prices

Oil prices gain over 1% after Saudi Arabia talks of cut in output

Brent crude futures rose 80 cents on the day to $70.98 a barrel by 5.35 pm , while US crude futures rose 36 cents to $60.69 a barrel.

Oil prices gain over 1% after Saudi Arabia talks of cut in output
Updated On : 12 Nov 2018 | 9:35 PM IST

Need 1-mn bpd global oil output cut to re-balance market: Saudi Arabia

Saudi Arabia, the world's largest oil supplier, will cut its production by 500,000 bpd as of next month to help stabilise the market

Need 1-mn bpd global oil output cut to re-balance market: Saudi Arabia
Updated On : 12 Nov 2018 | 4:56 PM IST

Saudi in talks to cut oil output as US waivers on Iran oil hit prices

OPEC and its allies will meet in Vienna on Dec. 6-7 to decide on output policy for 2019

Saudi in talks to cut oil output as US waivers on Iran oil hit prices
Updated On : 11 Nov 2018 | 5:36 PM IST

Oil prices fall to multi-month lows as supply rises, demand growth slows

A glut in the refining sector, where a wave of unsold gasoline has pulled profit margins into negative territory, may also lead to a slowdown in new crude orders

Oil prices fall to multi-month lows as supply rises, demand growth slows
Updated On : 09 Nov 2018 | 3:47 PM IST

High oil prices hurting consumers, to have impact on producers: IEA Chief

'Many countries' current account deficits have been affected by high oil prices

High oil prices hurting consumers, to have impact on producers: IEA Chief
Updated On : 30 Oct 2018 | 11:33 AM IST

Global oil pricing worries hit US energy shares as earnings loom

UBS analysts expect oil demand to grow more slowly in 2019, on higher oil prices and weaker economic growth

Global oil pricing worries hit US energy shares as earnings loom
Updated On : 27 Oct 2018 | 8:36 PM IST

Oil rebounds to $81 a barrel, prices pare gain as IEA sees adequate supply

This is due to a weaker economic outlook, trade concerns, higher oil prices and a revision to Chinese data

Oil rebounds to $81 a barrel, prices pare gain as IEA sees adequate supply
Updated On : 12 Oct 2018 | 4:11 PM IST

Rising crude oil prices a signal that it's time to shift to other fuels

Prices have already risen to a level that has contributed to a slowdown in economic growth and oil consumption in the past

Rising crude oil prices a signal that it's time to shift to other fuels
Updated On : 05 Oct 2018 | 10:16 AM IST

Fuel price cut: What do the numbers reveal about India's oil economy?

As Brent crude forms a major part of the Indian import basket, the price the oil seller charges us has shot up the roo

Fuel price cut: What do the numbers reveal about India's oil economy?
Updated On : 05 Oct 2018 | 5:30 AM IST

Here's why Trump's request for OPEC to max-out oil production may backfire

Trump has made clear that he expects OPEC's largest producer, Saudi Arabia, to fill the gap in the market created by his Iran sanctions and stop prices going too high

Here's why Trump's request for OPEC to max-out oil production may backfire
Updated On : 04 Oct 2018 | 11:52 PM IST

Oil prices fall from four-year high; Saudi, Russia agree to hike supply

On Wednesday, Brent climbed to the most technically overbought level since February 2012, while WTI inched higher to the most overbought since January

Oil prices fall from four-year high; Saudi, Russia agree to hike supply
Updated On : 04 Oct 2018 | 10:40 PM IST

Oil steadies near 4-year high as Saudi pumps more, Iran sanctions loom

Oil prices have been climbing as buyers have already started steering clear of Iran before the implementation of US sanctions starting November 4

Oil steadies near 4-year high as Saudi pumps more, Iran sanctions loom
Updated On : 04 Oct 2018 | 12:22 AM IST

Oil at $100 to do more harm than good to global growth; India among losers

Paying more for oil will pressure current accounts and make economies more vulnerable to rising US interest rates

Oil at $100 to do more harm than good to global growth; India among losers
Updated On : 30 Sep 2018 | 11:28 PM IST

After Opec criticism, Trump calls Saudi King to discuss oil mkt, relations

Trump's been increasing the pressure on OPEC, saying it's pushing oil prices too high

After Opec criticism, Trump calls Saudi King to discuss oil mkt, relations
Updated On : 30 Sep 2018 | 2:30 PM IST

Crude may rise to $100 a barrel by 2019 due to sanctions on Iran: Merchants

Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the US sanctions against Iran by the end of the fourth quarter this year

Crude may rise to $100 a barrel by 2019 due to sanctions on Iran: Merchants
Updated On : 25 Sep 2018 | 12:43 AM IST
Updated On : 23 Sep 2018 | 7:11 PM IST

Donald Trump says Opec 'must get prices down now' as crude trades near $80

Opec and its allies meet this weekend to discuss production

Donald Trump says Opec 'must get prices down now' as crude trades near $80
Updated On : 20 Sep 2018 | 7:15 PM IST

Oil prices fall as concerns about fuel demand counter tightening supplies

Brent crude futures slipped 38 cents, or 0.5 per cent, to $79.36 a barrel.

Oil prices fall as concerns about fuel demand counter tightening supplies
Updated On : 13 Sep 2018 | 2:21 PM IST

Oil prices surge over 2% as US sanctions squeeze Iranian crude exports

But the US government does not want to push up oil prices

Oil prices surge over 2% as US sanctions squeeze Iranian crude exports
Updated On : 12 Sep 2018 | 6:53 AM IST

How rupee has been held hostage to a 70% surge in India's crude oil bill

Rising oil prices will probably see India's current-account deficit widen to 2.6% of gross domestic product this financial year

How rupee has been held hostage to a 70% surge in India's crude oil bill
Updated On : 07 Sep 2018 | 1:42 AM IST