Page 66 - Oil Prices

Oil demand may hit 100 million b/d in 2041 if economic recovery sustains

Platts Analytics sees continued growth in long-term petrochemicals demand as potentially delaying peak oil demand to 2021.

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

Oil prices climb more than 2% on improved forecast for demand recovery

Prices also found support after data showed US energy firms cut the number of oil and natural gas rigs operating to a record low for a 10th week in a row

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

How Kuwait expat quota bill may affect Indian diaspora of the gulf nation

Gulf News reported that 'this could result in 800,000 Indians leaving Kuwait, as the Indian community constitutes the largest expat community in Kuwait, totalling 1.45 million'

Oil prices mixed as coronavirus spike casts shadow over US demand

OPEC and allies including Russia, collectively known as OPEC+, have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July

Early signals for the fisc

The April-May figures show a sharp rise in external financing and spending on farm as well as rural India

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 falls as growing coronavirus cases stoke fuel demand worries

Increases in the daily cases of the coronavirus, however, globally and in the United States pressured prices

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

Oil rises 2% on US crude stockpile draw, global manufacturing activity

Brent crude rose 80 cents, or 1.9 per cent

OPEC, Russia seen easing oil production cuts from August: Report

OPEC+ have agreed to cut production by a record 9.7 million barrels per day

Oil prices slip as weak Japan data exposes market jitters over weak demand

Brent crude futures for September fell 32 cents, or 0.8%, to $41.53 a barrel, paring Monday's 92-cent gain

Opposition finds its voice to protest against rise in petrol, diesel prices

The Rashtriya Janata Dal's Tejashwi Yadav threatened a 5-km cycle yatra by party workers across Bihar's villages on July 5 if the Centre did not reduce oil prices by Rs 20

Oil price settles lower on rise in new coronavirus cases in US and China

The global economic outlook has also worsened or at best stayed about the same in the past month

Oil slips below $40 a barrel on record US crude inventories, Covid-19 fears

Investors are waiting to see if the producers, known as OPEC+, extend their record cut beyond July

Oil down $2 as US crude inventories swell, Covid-19 resurgence feared

Brent crude was down $2.04, or 4.8 per cent , to $40.59 a barrel by 11:03 a.m. EDT (1503 GMT), a day after hitting its highest since prices started plunging in March

Economy in Modi 2.0: A year best forgotten as things turn bad to worse

Even before the lockdown, the economy was on the downhill despite the Centre announcing huge corporation tax cuts

Just 36 paise shy, diesel prices set to surpass petrol for the first time

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre