Crude Oil | The Asian Age

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Traders are now eyeing next month’s meeting between the OPEC and Russia to determine if the group would deepen output cuts to prop up prices.

Oil slips as US-China trade deal hopes dwindle

A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.

13 Nov 2019 10:54 AM

'I am telling the White House that in the days when you sanctioned the sale of Iranian oil, the country's workers and engineers were able to discover 53 billion barrels of oil,' Rouhani said. (Photo: File | AFP)

'Found new oil field with 50 billion barrels of crude': Iran Prez Rouhani

The announcement comes as Iran faces crushing American sanctions after US pulled out of its nuclear deal with world powers.

10 Nov 2019 4:27 PM

On the Multi Commodity Exchange, crude oil prices for November delivery dropped by Rs 59, or 1.44 per cent, to Rs 4,034 per barrel with a business volume of 26,575 lots.

Crude oil futures slip by Rs 59 at Rs 4,034 per barrel

The fall in crude oil futures was mostly due to trimming of positions by traders in line with weak global cues, analysts said.

08 Nov 2019 1:11 PM

Similarly, crude oil for December delivery was quoting lower by Rs 5, or 0.12 per cent, at Rs 4,016 per barrel with an open interest of 296 lots.

Crude oil futures fall on sluggish demand

On Multi Commodity Exchange, crude oil prices for November delivery dropped by Rs 4, or 0.07 per cent, to Rs 4,001 per barrel.

07 Nov 2019 12:50 PM

Gasoline and distillate inventories dropped 2.8 million barrels and by 622,000 barrels respectively.

Oil unchanged after overnight losses amid caution over trade talks

US crude exports fell nearly 1 million barrels last week to 2.4 million barrels per day.

07 Nov 2019 8:42 AM

On the Multi Commodity Exchange, crude oil prices for November delivery dropped by Rs 3, or 0.07 per cent, to Rs 4,040 per barrel with a business volume of 30,797 lots.

Crude oil futures slip on weak global cues

The fall in crude oil futures was mostly due to trimming of positions by traders, in line with weak global cues, analysts said.

06 Nov 2019 1:25 PM

US West Texas Intermediate (WTI) crude CLc1 futures fell 21 cents, or 0.4 per cent, from their last close to USD 57.05 per barrel.

Oil slips on huge US crude build; hopes for US-China trade talks check losses

US crude inventories rose by 4.3 million barrels in the week ended Nov 1 to 440.5 million barrels.

06 Nov 2019 8:53 AM

The oil for delivery in December, too, shed Rs 44, or 1.08 per cent, to Rs 4,021 per barrel in 1,294 lots on the Multi Commodity Exchange.

Crude oil futures fall on low demand

Crude oil for delivery in November was trading lower by Rs 46, or 0.14 percent, to Rs 4,004 per barrel in 27,004 lots.

05 Nov 2019 3:02 PM

OPEC’s output recovered in October from an eight-year low after a rapid rebound in Saudi Arabia’s production from attacks on its oil infrastructure.

Oil edges down; eyes on data amid trade deal hopes

Traders may be taking profits on oil ahead of uncertainty around macro-economic data and US oil inventory reports.

04 Nov 2019 9:46 AM

On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 41, 1.06 per cent, at Rs 3,921 per barrel in 20,637 lots.

Crude oil futures rise over 1 per cent to Rs 3,921 per barrel

Analysts said raising of bets by participants kept crude prices higher in futures trade here.

01 Nov 2019 2:54 PM

On the Multi Commodity Exchange, crude oil for delivery in November dropped by Rs 36, or 0.91 per cent, to Rs 3,924 per barrel with a business volume of 19,919 lots.

Crude oil futures decline nearly 1 pc on weak global cues

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak global cues.

30 Oct 2019 1:26 PM

Crude oil for December was quoting higher by Rs 10, or 0.25 per cent, at Rs 3,972 per barrel in 269 lots.

Crude oil futures gain on domestic demand

On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 11, 0.28 per cent, at Rs 3,959 per barrel.

24 Oct 2019 1:49 PM

On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 3, 0.08 per cent, at Rs 3,855 per barrel in 18,573 lots.

Crude oil futures strengthen on spot demand

Analysts said raising of bets by participants kept crude prices higher in futures trade here.

23 Oct 2019 1:55 PM

Crude oil for December delivery traded lower by Rs 12, or 0.31 per cent, at Rs 3,812 per barrel in 130 lots.

Crude oil futures plunge on subdued global cues

On the Multi Commodity Exchange, crude oil for delivery in November dropped by Rs 16, or 0.42 per cent, to Rs 3,794 per barrel.

22 Oct 2019 12:26 PM

OPEC, Russia and other producers have cut oil output by 1.2 million barrels per day to support the market.

Oil prices edge higher as OPEC hints at deeper output cuts

US West Texas Intermediate (WTI) crude CLc1 had gained 16 cents or 0.3 per cent to USD 52.97 a barrel.

16 Oct 2019 12:13 PM

India’s crude oil production dropped 5.4 per cent YoY in August. However an equal or marginally higher (5.5 per cent) import volume helped the country meet its consumption requirement.

Crude oil output drops 5.4 per cent

Significantly, India’s dependency on imported natural gas has increased indicated by stagnant domestic production and increased imports since 2008.

15 Oct 2019 1:26 AM

Crude oil for delivery in October was trading lower by Rs 5, or 0.13 per cent, to Rs 3,740 per barrel with.

Crude oil futures ease on low demand

The oil for delivery in November, however, was up by Re 1, or 0.03 per cent, to Rs 3,760 per barrel in 483 lots.

09 Oct 2019 2:02 PM

On the Multi Commodity Exchange, crude for delivery in October traded higher by Rs 29, 0.78 per cent, to Rs 3,764 per barrel in 14,529 lots.

Crude oil futures up on spot demand

Analysts said raising of bets by participants kept crude prices to trade higher here.

07 Oct 2019 1:28 PM

The crude oil contracts for November delivery shed Rs 64, or 1.67 per cent, to Rs 3,758 per barrel in 471 lots.

Crude oil futures fall 1.63 per cent on low demand

Crude oil for delivery in October traded lower by Rs 62, or 1.63 per cent, to Rs 3,750 per barrel.

03 Oct 2019 3:08 PM

On the Multi Commodity Exchange, crude for delivery in September traded higher by Rs 26, 0.66 per cent, to Rs 3,960 per barrel in 17,012 lots.

Crude oil futures up on positive domestic cues

Analysts said raising of bets by participants kept crude prices higher in futures trade.

30 Sep 2019 12:54 PM

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Dilip Cherian