Page 3 - Oil Exports

The oil exports puzzle

India's non-oil, non-gems & jewellery exports rise 11%, but a 24% rise in gold imports and slow increase in petro product exports are worrying

If Opec members' compliance remains loose, oil may fall upto $42: Deshpande

Last year's pact between members of Opec, the petro exporters' cartel, and non-members to cut crude oil production has faced several challenges. ABHISHEK DESHPANDE, chief energy analyst at London-based Natixis Global Commodities Markets Research, told Rajesh Bhayani oil prices might take longer to rise. Edited excerpts:Is it Opec members' breach of output quotas or shale oil supply increase that is pushing oil prices down?Both. Shale production got revived due to US producers reducing costs and hedging 2017 production at elevated prices after the Opec and non-Opec deal. And, there is rising production from Opec members whose output was never capped, particularly Libya and Nigeria. With that excess oil, other Opec members' compliance has also started to go down. Compliance fatigue is setting in -- this is the worst of the worst scenario for Opec, with low oil prices and also lower export. Speculative investors are also treading carefully before getting into large positions in oil. ...

Iran raises oil exports to West, almost on par with Asia

Iran, OPEC's 2nd biggest oil exporter, raise output since 2016 to recoup market share loss

Brexit aftermath: Oil exports feel the heat of currency fluctuations

For Indian Oil Corporation, the impact in terms of exports would not be much since it sends only small quantities of petrochemical products

US is exporting its oil everywhere

The exports could relieve pressure on storage capacity in the US after stockpiles rose to the highest level in official data going back to 1930