Business Standard

Page 61 - Oil Prices

Oil rises after Opec agrees on long-term strategy

Oil prices had risen as much as 13 per cent since the Opec announced on September 27 a production cut to support prices

Oil rises after Opec agrees on long-term strategy
Updated On : 02 Nov 2016 | 12:54 AM IST

Oil falls as non-OPEC countries yet to pledge concrete output steps

Russia expects to increase its oil output by 0.7% next year and a further 0.9% in 2018

Oil falls as non-OPEC countries yet to pledge concrete output steps
Updated On : 31 Oct 2016 | 9:36 AM IST

Oil prices edge lower on doubts over production cut deal

Disagreements remain over which members should be exempt from a curb to reduce output to a range of 32.5-33 mn bpd

Oil prices edge lower on doubts over production cut deal
Updated On : 28 Oct 2016 | 10:15 PM IST

Oil ends up, Opec cut commitments assuage lingering doubts

Saudi Arabia and Gulf allies express their will to reduce peak oil output by 4% this week to Russia

Oil ends up, Opec cut commitments assuage lingering doubts
Updated On : 28 Oct 2016 | 2:35 AM IST

Oil down 1% on Opec worry, offsetting US inventory fall

Traders remain cautious of the Opec's ability to cut production come late November

Oil down 1% on Opec worry, offsetting US inventory fall
Updated On : 27 Oct 2016 | 3:34 AM IST

Oil prices dip on OPEC squabbles ahead of planned production cut

The dollar, which held near nine-month highs against a basket of major currencies, also weighed on prices

Oil prices dip on OPEC squabbles ahead of planned production cut
Updated On : 25 Oct 2016 | 11:52 AM IST

Oil dips on Buzzard restart, Iraq's wish

Iraq wants to be exempted from Opec production cuts

Oil dips on Buzzard restart, Iraq's wish
Updated On : 25 Oct 2016 | 2:40 AM IST

Oil prices drop as Iraq doesn't want to join OPEC production cut

Traders said the price falls followed comments from Iraq, which said it wanted to be exempt from a production cut

Oil prices drop as Iraq doesn't want to join OPEC production cut
Updated On : 24 Oct 2016 | 9:24 AM IST

Russia oil minister signals cooperation with Saudis on price

Oil production from OPEC nations hit a record last month, although members have agreed to come up with a plan to reduce it

Russia oil minister signals cooperation with Saudis on price
Updated On : 24 Oct 2016 | 7:56 AM IST

Venezuela's Maduro calls in Iran for oil price cooperation

Venezuela's concerns are because of collapsing oil prices

Venezuela's Maduro calls in Iran for oil price cooperation
Updated On : 23 Oct 2016 | 5:44 AM IST

Oil prices stable as strong dollar weighs, but market tightens

The dollar rose to its highest level since March against a basket of other leading currencies on Friday

Oil prices stable as strong dollar weighs, but market tightens
Updated On : 21 Oct 2016 | 1:13 PM IST

Oil prices stable as strong dollar weighs, tighter market looms

International Brent crude oil futures were up 3 cents at $51.41 per barrel

Oil prices stable as strong dollar weighs, tighter market looms
Updated On : 21 Oct 2016 | 8:34 AM IST

Oil prices dip after strong rally, but sentiment remains confident

The OPEC plans to meet on November 30 and hopes to decide on a half a million to one million barrels per day oil production cut

Oil prices dip after strong rally, but sentiment remains confident
Updated On : 20 Oct 2016 | 7:49 AM IST

Oil rises as market could be closer to balance than expected

US West Texas Intermediate crude was up 40 cents, or 0.8 per cent, at $50.34 a barrel

Oil rises as market could be closer to balance than expected
Updated On : 18 Oct 2016 | 2:40 PM IST

Oil edges up as analysts say market could be closer to balance than expected

A drop in the dollar away from seven-month highs the previous day also supported crude

Oil edges up as analysts say market could be closer to balance than expected
Updated On : 18 Oct 2016 | 8:41 AM IST

Oil prices fall on rise in US drilling, strong dollar

Despite Monday's falls, analysts said that traders were cautious about driving the market much further down

Oil prices fall on rise in US drilling, strong dollar
Updated On : 17 Oct 2016 | 2:32 PM IST

Oil prices fall on rise in US drilling, strong dollar

A closely watched report on Friday by oil services provider Baker Hughes showed US drillers added four rigs in the week to Oct 14

Oil prices fall on rise in US drilling, strong dollar
Updated On : 17 Oct 2016 | 9:42 AM IST

Oil price spike to hit airlines, OMCs

Crude and gas producers to gain, with oil up 18 per cent since January

Oil price spike to hit airlines, OMCs
Updated On : 15 Oct 2016 | 1:33 AM IST

Oil edges up on tighter US fuel market

But, doubts over the feasibility of a planned production cut still weighed on markets

Oil edges up on tighter US fuel market
Updated On : 14 Oct 2016 | 3:40 PM IST

Oil prices edge up on tighter US fuel market

The US Energy Information Administration reported a drop of 3.7 million barrels for distillates late on Thursday

Oil prices edge up on tighter US fuel market
Updated On : 14 Oct 2016 | 8:59 AM IST