Page 12 - Oil Market

Oil falls in second straight session as virus lockdown cools demand

Brent crude is set to end June with three consecutive monthly gains as OPEC+ supply cuts and as oil demand improved after countries across the globe eased lockdown measures

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.

Brent is likely to find support in June in the range of $35-40/barrel

The speed at which the oil market rebounded to $40 per barrel has certainly grabbed attention, but it needs to walk before it can run

Essar Oil & Gas eyes new consumers for its CNG business in Unlock 1.0

Currently, the company has around 20 consumers, based in and around Durgapur in West Bengal

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

Rethinking gas

India must rebalance its energy expectations away from coal

Exhausting product tankage not a cause of concern yet, say oil executives

Most do not expect refinery shutdowns even if lockdown extends

OPEC+ debates biggest-ever oil cut as Covid-19 pandemic crushes demand

The oil market was dealt a heavy blow by the freefall in demand due to the coronavirus pandemic

Oil market shock to affect global supply chains, energy sector: IEA

Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia.

Margin calls triggered in crude oil led to across-the-board selling

The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%

BPCL stake sale a test case for Modi govt's second shot at privatisation

Here are some of the issues on the table

Oil market outlook may have upside potential in 2020: OPEC chief

OPEC's Mohammad Barkindo said he was more optimistic about the market outlook for next year than he had been in October

Explained: Why are global majors queuing up for Indian oil retail market?

Global majors are bullish on fuel retailing, but recent mega-expansions by state-owned oil majors will crowd the field

What's got global oil market so spooked? It is the economy, stupid

If the economic pessimism persists in 2019, expect oil prices to continue drifting lower as demand forecasts get cut

Oil market could shift towards oversupply in Q4 as inventories rise: Saudi

The market in the fourth quarter could be shifting towards an oversupply situation as evidenced by rising inventories over the past few week

How Iran and three mega-refineries have set Asia's oil market on fire

As oil refiners from India to South Korea scramble to find alternative supplies to Iranian crude, they are pushing up the prices of crudes that can substitute for lost shipments

Oil markets tense on Syrian crisis, but US supplies keep prices in check

US crude oil inventories rose by 3.3 million barrels to 428.64 million barrels

Upending the dollar hegemony

Once Saudi, Russian and Iranian oil are denominated in yuan, Beijing will dominate 40% of oil market

Oil markets roiled as Harvey hits US petroleum industry

Over 2 million bpd of refining capacity was estimated to be offline as a result of the storm

Oil market could tilt into deficit if Opec sticks to cuts: IEA

Report struck a more bullish note than that issued by the Opec on Tuesday