Page 93 - Crude Oil Price

China drives global oil demand recovery out of coronavirus collapse

Benchmark oil prices have also bounced back as lockdown measures eased, with Brent futures rallying 50% and US crude futures over 90% since May 1

Oil prices hit nearly three-month high over hopes for output cuts by OPEC+

US West Texas Intermediate crude (WTI) gained 33 cents, or 0.9%, at $37.14, also the highest since March 6

Worrying macro dynamics

Growth in govt spending is leading to fiscal stress, crowding out

ATF price follows global trend; up 56.5% to Rs 33,575 for June first half

14.2-kg LPG cylinder costlier by Rs 11.5; while ATF prices are revised once in 15 days, LPG prices change on a monthly basis

Lockdown effect: Core sector output crashes record 38.1% in April

Infra segment hurt the most as cement and steel output tank by more than 80 per cent

Oil rises about 2% as higher US refinery rates offsets surprise crude build

US crude inventories rose 7.9 million barrels last week, exceeding expectations, due to a big increase in imports from Saudi Arabia, the Energy Information Administration (EIA) says

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

The outperformance in Silver is because it could benefit from optimism about increased industrial demand as economies reopen following the COVID-19 pandemic

Earnings drought

Corporate results would get a lot worse in the coming quarters

Chevron Corp sees up to 15% reduction in positions amid Covid-19 crisis

Most of the reductions will take place this year, according to an internal memo said.

Oil at highest since March on lower US inventories, recovering demand

Crude prices have slumped in 2020, with Brent hitting a 21-year low below $16 a barrel in April as demand collapsed

Sellers beware: Price collapse triggers bartering over oil and gas deals

Premier Oil's CEO said he is seeking a cheaper price for North Sea assets it agreed to buy from BP for $625 million and Energean is doing the same with a $700 million purchase from Edison

Fiscal math of the imponderables

Growth holds the key to the government's fiscal deficit slippage

Oil jumps to two-month high on easing lockdowns, positive vaccine results

In the first half of May, OPEC+ has cut oil exports sharply, companies that track the shipments said, suggesting a strong start in complying with a new production cut agreement

Crude oil prices surge as demand shows signs of recovery from Covid-19

US crude up 19.7% in the week, Brent adds 5.2 per% after a week of bullish news. Both contracts gain for third straight week

Oil prices rise on dip in US crude stockpiles and IEA data forecast

Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen

Saudi Aramco plans $75-billion dividend even as profit plunges 25%

Saudi Aramco, the world's most valuable listed company, will pay a dividend of $18.75 billion for the first three months of 2020.

Crude oil may struggle to top $40/barrel mark despite a glimmer of optimism

S&P Global Platts Analytics estimates gasoline demand destruction in the broader Asian region, excluding China, probably peaked in April, with a year-on-year decline of 17% or 700,000 barrels per day

MCX prepares for negative trading in all commodities after crude oil row

After crude oil last month, market fears natural gas may also see negative price trading: exchange announces special auction window for exit opportunity

Aramco may cut govt payout as drop in oil prices hits first-quarter profits

Saudi Arabian Oil Co., as the company is formally known, pledged an annual dividend of $75 billion for the first five years to attract investors to its initial public offering in December last year

Oil drops 4% to below $30 a barrel as glut grows, output cuts eyed

Signalling a slow recovery in demand, data from the Energy Information Administration showed US crude and distillate inventories rose last week.