Page 92 - Crude Oil Price

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

Crude oil prices remain stable despite surge in global Covid-19 cases

The World Health Organization reported a record daily increase in global coronavirus cases on Sunday, with the total up by more than 230,000.

Oil prices climb more than 2% on improved forecast for demand recovery

Prices also found support after data showed US energy firms cut the number of oil and natural gas rigs operating to a record low for a 10th week in a row

Oil prices steady as economic data overshadows coronavirus worries

Brent crude futures settled at $43.08 a barrel, down 2 cents in the session. US West Texas Intermediate settled down 1 cent at $40.62 a barrel.

Oil steady as hopeful economic data face spike in coronavirus cases

Brent crude settled at $43.10 a barrel, up 30 cents.

Crude oil can hit $50/bbl in 2021; gas demand to pick up in India: Analysts

Currently, Brent prices are hovering around the $42/barrel mark

Investors should be cautious on gold after recent rally: Tradebulls Sec

The US non-farm payroll data later in the day could either make gold break the $1,800 level and start fresh momentum on the upside or make the intermediate top

Opec cuts output to lowest since 1991 as coronavirus slams oil demand

The Organization of Petroleum Exporting Countries cut production by 1.93 million barrels a day to 22.69 million a day last month, according to the survey.

ONGC posts loss of Rs 10,529 cr in Q4 over falling crude prices, lockdown

The company's revenue from operations declined by 7 per cent to Rs 104,489 crore for the period under review, compared to Rs 112,539 crore in Q4FY19.

Shell plans to slash value of its oil & gas assets by up to $22 billion

The writedown announcement came after Shell cut its forecast for energy prices into 2023 on expectations that sales will only recover slowly after the pandemic

Oil gains on growing fuel demand, even as coronavirus cases surge worldwide

Analysts said satellite data showing a strong pick-up in traffic in China, Europe and across the United States pointed to an improvement in fuel demand

India's May crude oil imports post biggest decline since at least 2005

Crude oil imports fell to 14.61 million tonnes, it's lowest since 2015, Petroleum Planning and Analysis Cell data showed on Friday

GAIL, Adani, Petronet LNG join IGX; gas price of $4.07 per unit discovered

Launched on Monday, the platform - set up by the Indian Energy Exchange - has so far traded 100 mmBtu gas.

BP wipes up to $17.5 billion from assets with bleaker oil outlook

Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.

ONGC seeks crude price assurance of $45 per barrel, cuts capex by 15%

The largest domestic oil and gas producer had budgeted a capex of Rs 32,502 crore for the financial year, which has now been cut to around Rs 27,500 crore.

Outlook & trading strategies for Silver, crude oil by Tradebulls Sec

Silver has made harami candlestick formation on daily charts

Oil slides below $41 a barrel as US inventory rise revives glut worries

Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a report from the USEnergy Information Administration.

Oil falls over 3% despite OPEC+ cuts as Gulf ends voluntary curbs

The group, known as OPEC+, agreed on Saturday to sustain those cuts, equal to about 10% of global supply, through July

OPEC+ to discuss output cut on Saturday as oil dips over uncertainty

Brent crude futures were down 8 cents, or 0.2%, at $39.91 a barrel as of 0106 GMT and US WTI crude futures fell 15 cents, or 0.4%, to $37.26 a barrel

Oil pips $40 for first time since March on OPEC cuts, demand recovery seen

Brent has more than doubled after hitting a 21-year low below $16 in April, when U.S. crude went negative