Page 54 - Crude Oil

Oil prices climb over China's plans to ship in large volumes of US crude

Brent crude rose 21 cents, or 0.5 per cent, to $45.01 a barrel by 0023 GMT while US West Texas Intermediate crude was up 27 cents, or 0.6 per cent, to $42.28 a barrel

Abu Dhabi to merge oil services firms into $2.4-billion national champion

NMDC shares rose 14 per cent in Abu Dhabi on Sunday to 5 dirhams, their highest since March 2017, after NPCC's shareholders proposed the deal

Trading strategies for Copper and Natural Gas by Tradebulls Securities

Copper has made 'harami' candlestick pattern on daily scale which is a sign of reversal

OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19

World oil demand will fall by 9.06 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report

India's June crude oil imports lowest in over five years; exports also drop

Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes

Outlook on Crude oil, natural gas by Bhavik Patel of Tradebulls Securities

Crude oil bulls look exhausted

India signs MoU to develop strategic petroleum reserve in America

The two countries are in advanced stage of discussion to store crude oil in America to increase India's stockpile

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

There is a negative divergence in RSI_14 on Crude oil's daily scale

OPEC chief sees oil market moving closer to balance ahead of key meeting

After July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken

Reliance to load Venezuelan oil cargo under fuel swap deal: Report

Washington has exempted some Venezuelan oil trade from sanctions, when transactions are in exchange for fuel and food or to repay debts rather than for cash

Oil slips 2% as resurgent Covid-19 makes investors worry about US demand

Brent crude futures fell 85 cents, or 2 per cent, to $42.44 a barrel by 12:58 p.m

Oil steady as coronavirus lockdown fears offset gasoline recovery signs

Brent crude futures edged up 2 cents, or 0.05%, to $43.31, after gaining 0.5% on Wednesday

Crude oil price drops as US inventory build-up stokes supply fears

Oil prices eased in early trade on Wednesday as industry data showed a build in US crude stockpiles and a forecast for US crude output to fall less than anticipated in 2020

Covid-19 drives oil companies to raise record debt to boost cash reserves

Benchmark Brent crude averaged below $30 a barrel in the second quarter when it hit the lowest in two decades

Oil prices inch higher on output cut support, but US virus spike caps gains

US West Texas Intermediate (WTI) crude futures climbed 13 cents, or 0.3%, to $40.76 a barrel at 0103 GMT, recouping a 2 cent loss from Monday

Oil falls below $43 a bbl on Covid-19 surge but headed for a weekly gain

OPEC oil production fell to its lowest in decades in June and Russian production dropped to near its OPEC+ target

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

ONGC, Oil India stocks rise: Post rally investors need to exercise caution

With the muted outlook for crude oil realisations and volumes, FY21 earnings may take a hit

Oil rises on positive US economic data; Covid-19 concerns limit gains

New Covid-19 cases in the United States rose by nearly 50,000 on Wednesday

Goldman Sachs sees oil demand returning to pre-coronavirus levels by 2022

Demand is expected to fall by 8% this year, before rebounding 6% in 2021, the bank said