Page 54 - Oil Prices

Oil edges up on US sanctions against Iran, but trade dispute weighs

Traders said prices were lifted by expectations of a drop in supply once US sanctions against major oil exporter Iran take effect from November

Oil prices slip below $74 on US crude inventories, higher Opec production

Oil also slipped on more ample supplies

Oil prices rise amid supply disruptions, US call to shun Iran crude

The United States demanded all countries stop imports of Iranian oil from November

Cheap oil from Iran or Trump's good books? PM Modi finds himself in a fix

While ending purchases from Iran will cost India savings on shipping costs and the longest credit period offered by any of its suppliers, there are gains to be had from paring trade surplus with US

Under pressure form US, Saudi plans record output, offers extra oil in Asia

OPEC has come under pressure from Trump to pump more before the US midterm elections in November, after a rally in crude to a 2014 high lifted American gasoline prices

Reduce pricing now, Trump tells Opec; oil market responds with a dip

Trump late said the Opec producer cartel was driving up fuel prices

Why Trump, Saudi bonhomie may not help oil prices stay down in long term

The underlying dynamic of a market in which demand increasingly threatens to overtake supplies could push prices back up over the long run

Oil and macro economy

Considering the elevated crude prices and the strong unfavourable base effect, retail inflation in June 2018 is likely to breach the RBI's revised inflation projection of 4.8-4.9 per cent in first ha

Oil prices slip on trade frictions, but crude market remains tight

Unless the disputes get resolved, traders worry that tariffs on imported goods will start feeding into other markets, including oil

Opec meet in Vienna: Oil ministers back output hike despite Iran's walkout

While the OPEC+ panel has recommended raising supply by a nominal 1 million barrels a day, the actual rise is likely to be smaller as some nations are unable to pump more

Oil prices slip as Iran signals support for slight increase in Opec supply

Tehran had previously resisted pressure by OPEC's de-facto leader Saudi Arabia to raise output

Fuel prices to fall? Tough OPEC talks likely in Vienna on hiking oil output

Several countries are bristling at the thought of reversing a deal curbing oil output that has been in place for 18 months and helped lift oil prices to multi-year highs

Oil prices slip on rising supplies in US; Opec may relax output cuts

OPEC will meet on June 22 in Vienna, Austria, to discuss future production policy

Oil dips below $66 amid OPEC nations' clashing views over supply policy

Venezuela and Iran write to OPEC urging unity against the US

Why the price of the Indian crude basket is sticky

The Indian benchmark remained static in its last closing on May 28, while Brent prices dropped further to $75.71 a barrel

Oil producers to push reset button? Russia hints at effort to rein in crude

Russian President Vladimir Putin said on Thursday that the price of $60 "suits Russia"

Higher crude prices threaten govt's dividend income from oil PSUs

In FY17, oil firms accounted for 46% of all payouts by PSUs, the highest in at least a decade

Oil on the boil: Fuel subsidy may hit Rs 530 billion, says Moody's

Most petroleum products are sold at market prices in India, except liquefied petroleum gas and kerosene

As rising oil prices combine with politics, rupee may fall to record low

The combination couldn't have come at a worse time, with rising Treasury yields spurring a selldown of emerging markets

Paying the price of oil

The government has missed a golden opportunity to reduce the impact of high oil prices on India's political economy - and may now pay a price