Friday, Jun 18, 2021 | Last Update : 02:24 PM IST

oil supply

Oil falls as worsening pandemic threatens recovery

In the US, energy drillers cut the number of oil and natural gas rigs operating to a record for an 11th week in a row

20 Jul 2020 8:05 AM

Oil prices slip after OPEC, allies agree to loosen supply curbs

OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the coronavirus pandemic

16 Jul 2020 8:53 AM

Oil prices drop on demand recovery fears, OPEC+ easing expectations

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

Oil slips as traders eye supply cut easing at OPEC meeting

Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three months since May

13 Jul 2020 9:02 AM

Oil falls in second straight session as virus cools demand

Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to record low last week

29 Jun 2020 8:50 AM

ADVERTISEMENT

Oil prices slides as US crude stockpile growth heightens oversupply fears

Global oil consumption has started to recover as economies emerge from lockdown

24 Jun 2020 10:03 AM

Oil prices drop on demand worries as coronavirus cases rise

A rise in US crude stockpiles to a record high for a second week in a row also weighed on sentiment

18 Jun 2020 9:27 AM

Oil prices drop as coronavirus infections rise

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

Oil drops after jump in US crude stockpiles, renews oversupply concerns

Distillate fuel stockpiles, rose by 4.3 million barrels, outpacing expectations for a 3 million barrel increase

10 Jun 2020 9:12 AM

Oil prices rise as easing of lockdown spurs fuel demand

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

ADVERTISEMENT

Oil prices inch higher after OPEC+ extends output cuts to end-July

On Saturday OPEC+ agreed to extend the deal by a third month through end-July

08 Jun 2020 9:03 AM

Saudi seeks oil supply protection as US and Iran face off

Thursday’s tanker attacks in the Gulf of Oman exacerbated the antagonistic fallout from similar blasts in May that crippled four vessels.

17 Jun 2019 8:19 AM

Oil plunges nearly 8 per cent despite talk of output cut

Brent fell 11.3 per cent and WTI posted a 10.8 per cent decline, the largest one-week drop since January 2016.

24 Nov 2018 10:16 AM

ADVERTISEMENT
ADVERTISEMENT