Page 61 - Oil Prices

Oil falls on surprise build in US stocks, Trump threat to relief spending

US WTI crude futures fell 46 cents, or 1%, to $46.56 a barrel at 0142 GMT, while Brent crude futures dropped 46 cents, or 0.9%, to $49.62.

Fear of new Covid-19 strain brings down metals, oil and gold prices

More than 16 million Britons are now required to stay at home after a full lockdown came into force in London

Iraq devalues dinar to lower budget inflation as oil prices squeeze revenue

The devaluation decision came as a preemptive move to prevent "draining Iraq's foreign reserves" and help government to secure public servants' salaries, the bank said

Oil prices move up towards $50/bbl after OPEC+ supply compromise

OPEC+ had been expected to continue existing cuts until at least March, after backing down from plans to raise output by 2 million bpd.

OPEC+ agrees to increase output by 500,000 barrels a day in Jan 2021

The Organization of the Petroleum Exporting Countries and non-OPEC countries decided at a meeting to increase oil production by 500,000 barrels per day in January 2021

Oil prices hold steady as OPEC+ works on compromise on production deal

OPEC and Russia have moved closer to a compromise, OPEC+ sources told Reuters

Oil prices inch down as OPEC and allies seek consensus on output

Brent crude was down 19 cents at $47.69 a barrel by 1430 GMT and West Texas Intermediate was down 36 cents at $44.98.

Paint companies better-placed to tackle higher crude prices, say experts

Robust rural demand, pricing power to mitigate the risk of increase in input costs

Oil prices down 1% as OPEC debates to extend deep output cuts in 2021

U.S. West Texas Intermediate crude for January fell 35 cents, or 0.8%, to $45.18 a barrel

Petrol consumption up 4.5 per cent, diesel down 7.3 per cent in November

The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year

Oil prices set for weekly gain ahead of OPEC+ meeting next week

OPEC+ was planning to raise output by 2 million barrels per day (bpd) in January - about 2% of global consumption

Oil regulator PNGRB simplifies gas pipeline tariff for better affordability

PNGRB said the tariff for the first tariff zone will be 40 per cent of the tariff for the second zone

Oil rises for 5th day straight on surprise fall in US stocks, vaccine hopes

Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising around 1.6% in the previous session

Oil prices extend gains on coronavirus vaccine hopes, OPEC+ output check

Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel, while US West Texas Intermediate crude gained 10 cents

Oil slips a second day as coronavirus cases spiral amid stimulus talks

US oil prices slipped, but prices were supported by signs of movement on a stimulus deal in Washington

Oil dips on Covid-19 lockdown worries even though OPEC+ may tighten supply

Brent was down 29 cents, or 0.6%, at $43.53 a barrel by 1444 GMT while US crude was down 27 cents, or 0.6%, at $41.07. Both had been up 40 cents earlier in the session.

Oil prices slide on swelling Libya output, coronavirus infections

NEW YORK (Reuters) - Oil prices fell about 2% on Friday, pressured by swelling output from Libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel demand.

Oil prices fall on coronavirus surge but on track for weekly gain

U.S. government data also added pressure, as crude inventories rose by 4.3 million barrels last week, compared with an expected fall of 913,000 barrels.

Oil rises on declining US crude stocks, hopes of Covid-19 vaccine

Crude stockpiles fell by 5.1 million barrels last week to about 482 million barrels, industry group data showed on Tuesday

Crude oil glut likely to overshadow any OPEC+, US policy shifts

S&P Global Platts Analytics slashed its 2021 oil consumption outlook by 700,000 barrels per day (b/d) recently and now predicts oil demand growth of 5.8 million b/d in 2021