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A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Oil rises amid optimism over OPEC supply cuts, hopes on US-China trade

OPEC+ on Jan 1 this year cut output by 1.2 million barrels per day (bpd), and in July, renewed the pact until March...

15 Nov 2019 3:41 PM IST

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Oil gains on US crude stocks fall, OPEC comments on slower US shale...

Brent futures LCOc1 rose 39 cents, or 0.6 per cent, to USD 62.76 per barrel.

14 Nov 2019 12:56 PM IST

Traders are now eyeing next months 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 IST

OPECs output recovered in October from an eight-year low after a rapid rebound in Saudi Arabias production from attacks on its oil infrastructure.

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.

7 Nov 2019 8:42 AM IST

OPECs output recovered in October from an eight-year low after a rapid rebound in Saudi Arabias 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.

4 Nov 2019 9:46 AM IST

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Oil rises, supported by trade deal, OPEC cuts

West Texas Intermediate was up 20 cents, or 0.3 per cent, at USD 61.31 a barrel.

26 Dec 2019 10:44 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil drops as market awaits ratification of OPEC+ supply cut

The group has been withholding 1.2 million bpd and the increased amount represents about 1.7 per cent of global oil...

6 Dec 2019 9:56 AM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Oil dips on manufacturing downturn, but OPEC cuts offer support

International Brent crude futures were down 21 cents, or 0.4 percent, at 0258 GMT at $55.74 a barrel.

4 Jan 2019 10:38 AM IST

A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Oil slides as US crude production hits record, Asia factory output...

WTI crude oil futures were at USD 56.92 per barrel, down 2 cents from their last settlement.

28 Feb 2019 10:23 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil advances as OPEC set to continue supply cuts despite US pressure...

International Brent crude futures were at USD 65.48 per barrel, up 27 cents, or 0.4 per cent from their last close.

27 Feb 2019 2:53 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil prices firm on hopes for US, China trade deal

WTI crude futures were at USD 57.38 per barrel, up 11 cents, or 0.2 per cent, from their last settlement.

25 Feb 2019 10:20 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil hits 2019 highs on US-China trade hopes, but US output weighs

The global benchmark fell 5 cents to settle at USD 67.12 a barrel.

23 Feb 2019 12:30 PM IST