Globlal Crude Oil Prices
Oil strategy, Nov 5: How to trade crude oil as Opec+ delays production hike
Crude oil price today: Sharekhan remains confident of oil prices heading lower towards $65 in Q1-2025, while in short term, prices could see WTI prices trading in broader range of $75-$66
 "Oil strategy, Nov 5: How to trade crude oil as Opec+ delays production hike")
Crude oil to remain volatile in Samvat 2081 amid OPEC+ production cuts
Brent crude oil prices saw a considerable decline from the beginning of Samvat 2080 (November 12) until October 28, dropping by 12.33 per cent from $82.52 to $72.34 per barre
 "Crude oil to remain volatile in Samvat 2081 amid OPEC+ production cuts")
Chris Wood trims India exposure; says geopolitics biggest risk to markets
A deterioration in the geopolitical situation is the biggest risk to global equity markets, Wood said, which he believes is not yet fully discounted by them
 "Chris Wood trims India exposure; says geopolitics biggest risk to markets")
Russia, Venezuela flows stay strong as cheaper crude evades US curbs
India may receive 4 million barrels of Venezuelan crude, the cheapest among all crude sources, in April, lower from 4.78 million barrels in March
 "Russia, Venezuela flows stay strong as cheaper crude evades US curbs")
Oil prices may remain on the boil amid strong demand, supply cuts
Saudi Arabia and Russia have announced a fresh extension to their voluntary supply cuts, amounting to a combined 1.3 million barrel per day (bpd) cut for another three months till December
 "Oil prices may remain on the boil amid strong demand, supply cuts")
Windfall tax on crude oil slashed to Rs 3,500/tonne, duty on diesel hiked
Petrol and Aviation Turbine Fuel (ATF) have been exempted from the export levy
 "Windfall tax on crude oil slashed to Rs 3,500/tonne, duty on diesel hiked")
What we have learned three days into the price cap on Russian oil
The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation
 "What we have learned three days into the price cap on Russian oil")
Crude oil prices can rise up to $110 a barrel in 2023, say analysts
Brent crude oil prices have slipped nearly 15 per cent in the last few weeks, from a peak of around $98 a barrel to a little over $83 a barrel now despite OPEC+ cutting supply
 "Crude oil prices can rise up to $110 a barrel in 2023, say analysts")
Levy on fuel exports slashed; govt exempts SEZs from windfall tax
Move to benefit RIL, ONGC and Oil India
 "Levy on fuel exports slashed; govt exempts SEZs from windfall tax")
Rupee at a fresh new low as rising oil deepens CAD, inflation concerns
The domestic currency was trading at a fresh record low of 78.597 per US dollar against 78.34 per dollar at the previous close
 "Rupee at a fresh new low as rising oil deepens CAD, inflation concerns")
British PM Boris Johnson visits Gulf, seeks more oil from Saudi Arabia, UAE
The British prime minister met Crown Prince Mohammed bin Zayed, the UAE's de facto ruler, in Abu Dhabi
 "British PM Boris Johnson visits Gulf, seeks more oil from Saudi Arabia, UAE")
Lessons from Ukraine crisis
It's time to cushion India from the same 'oil shock' story
 "Lessons from Ukraine crisis")
Surge in global energy prices will hurt India, says IMF MD Georgieva
India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said IMF MD Kristalina Georgieva
 "Surge in global energy prices will hurt India, says IMF MD Georgieva")
Global oil prices fall most in 2 years as UAE supports output hike
Global oil prices fell on Wednesday by the most in nearly 2 years after OPEC member the UAE said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia
 "Global oil prices fall most in 2 years as UAE supports output hike")
Oil retreats, but still above $100; no supply shocks for India
Brent crude oil surged past USD 105 per barrel on Thursday for the first time since August 2014, following Russia's invasion of Ukraine
 "Oil retreats, but still above $100; no supply shocks for India")
Ukraine war fears pummel global stocks, lift oil to seven-year high
The broader Euro STOXX 600 fell as much as 1.9% to a seven-month low before clawing back some of its losses
 "Ukraine war fears pummel global stocks, lift oil to seven-year high")
$100 oil threatens to compound world economy's inflation shock
That's a worrying combination for the U.S. Federal Reserve and fellow central banks as they seek to contain the strongest price pressures in decades
 "$100 oil threatens to compound world economy's inflation shock")
India to release 5 mn barrels of crude from reserves in bid to cool prices
This coordinated release of crude oil from strategic reserves will be the first of its kind globally
 "India to release 5 mn barrels of crude from reserves in bid to cool prices")
Oil prices slip as investors turn cautious ahead of OPEC+ meeting
Oil prices fell about 1% amid investor jitters ahead of an OPEC+ meeting to decide whether the producers' group will extend large output cuts to balance global markets
 "Oil prices slip as investors turn cautious ahead of OPEC+ meeting")
Oil falls over 1% as markets whipsawed by US election uncertainty
Oil dropped as Democrat Joe Biden edged closer to the White House but the Republicans look likely to retain Senate control, decreasing the chances of any huge Covid-19 relief package
 "Oil falls over 1% as markets whipsawed by US election uncertainty")
