Inventories of crude oil in the US dropped by 6.8 million barrels last week to 531 million barrels
29 Jul 2020 9:12 AM
The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend next level of cuts
14 Jul 2020 11:34 AM
Production from seven major U.S. shale formations is likely to drop to close to a two-year low of 7.63 million barrels per day by July
16 Jun 2020 9:02 AM
U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels respectively in a week
09 Jun 2020 11:37 AM
OPEC+ also demanded countries such as Nigeria and Iraq to compensate with extra cuts in July to September
07 Jun 2020 8:44 AM
Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump
13 May 2020 8:29 AM
Oil markets tracked a rise in Asian stock markets and on Wall Street overnight
17 Apr 2020 9:03 AM
Saudi is only producer with significant spare capacity of around 2 million bpd that can be tapped to compensate loss of Iranian supplies.
04 Nov 2018 1:37 PM
Oil prices have been rising as US sanctions against Iran’s crude exports are set to start next month.
08 Oct 2018 10:54 AM
A household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year.
01 Jun 2018 3:48 PM
The BSE benchmark Sensex surged 240.61 points to end at 35,165.48.
28 May 2018 7:51 PM
The world’s biggest exporter of oil will not sit by and let another supply glut surface.
11 Apr 2018 2:49 PM
Participants are showing confidence about glut erosion.
05 Oct 2017 3:58 AM
Japan recorded a dip in demand for oil due to an ageing population.
24 Jun 2017 4:00 AM