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Page 77 - Oil Prices

Oil rises to near 2019 highs, but global economic slowdown applies brakes

Despite the slowdown in economic growth that emerged in late 2018, oil prices have been driven up this year by supply cuts led by the Organization of the Petroleum Exporting Countries

Oil rises to near 2019 highs, but global economic slowdown applies brakes
Updated On : 21 Feb 2019 | 9:57 AM IST

Crude oil drops from 2019 highs as global economic concerns grip markets

Bank of America Merrill Lynch said in a note that the Sino-American trade dispute was hurting economic growth globally

Crude oil drops from 2019 highs as global economic concerns grip markets
Updated On : 19 Feb 2019 | 9:52 AM IST

Brent above $65: Oil prices hit 2019 highs amid OPEC-led supply cuts

Brent pushed above $65 per barrel for the first time in 2019, before edging back to $64.91 a barrel by 0143 GMT. That was still 0.5 percent above the last close.

Brent above $65: Oil prices hit 2019 highs amid OPEC-led supply cuts
Updated On : 15 Feb 2019 | 9:59 AM IST

Goldman Sachs says OPEC's 'shock and awe' will drive oil higher

A 24-nation alliance known as OPEC+ that formed two years ago has just started another round of output curbs to prevent a supply glut

Goldman Sachs says OPEC's 'shock and awe' will drive oil higher
Updated On : 13 Feb 2019 | 11:12 AM IST

Oil drops 2% over concerns in global demand growth in the coming year

The market is worried about whether demand is sufficient to absorb growing crude production from the US

Oil drops 2% over concerns in global demand growth in the coming year
Updated On : 08 Feb 2019 | 9:44 AM IST

Global oil prices skid on high US crude production, economic slowdown

China hopes fiscal stimulus can stem economic slowdown

Global oil prices skid on high US crude production, economic slowdown
Updated On : 28 Jan 2019 | 8:42 AM IST

Oil rises after US threat of sanctions on Venezuelan crude exports

With Iran already crippled by US sanctions on its oil, a further drop in Venezuelan exports could squeeze global supply and rapidly push up prices

Oil rises after US threat of sanctions on Venezuelan crude exports
Updated On : 24 Jan 2019 | 6:06 PM IST

Oil prices extend falls as economic slowdown worries weigh on markets

The decline followed a slump in global financial markets on Tuesday as concerns over global growth spooked investors into looking for safe-haven assets like government bonds or gold

Oil prices extend falls as economic slowdown worries weigh on markets
Updated On : 23 Jan 2019 | 7:33 AM IST

Oil prices edge up as investors latch on to Opec cuts, supply outlook

Global equities fell after data pointed to a slowdown in Chinese economic growth in 2018 to a 28-year low

Oil prices edge up as investors latch on to Opec cuts, supply outlook
Updated On : 22 Jan 2019 | 3:24 AM IST

Oil prices set for third weekly increase on OPEC curbs, demand hopes

Crude has held on to its rally above $50 a barrel for over a week, rebounding more than 20 per cent from a low on Dec. 24

Oil prices set for third weekly increase on OPEC curbs, demand hopes
Updated On : 18 Jan 2019 | 8:38 PM IST

Oil prices fall on increased US output, slackened demand, US-China tiff

Even as Opec and allied exporters cut production, however, US output has surged close to 12 million bpd in the latest week

Oil prices fall on increased US output, slackened demand, US-China tiff
Updated On : 18 Jan 2019 | 3:45 AM IST

Oil prices steady on supply optimism but economic slowdown concerns loom

The outlook for the global economy darkened further after Britain's parliament on Tuesday shot down Prime Minister Theresa May's deal to leave the European Union

Oil prices steady on supply optimism but economic slowdown concerns loom
Updated On : 16 Jan 2019 | 6:11 PM IST

Oil prices jump more than 2% on trade talks optimism, OPEC cuts

These are the first face-to-face meetings between officials from the two countries since Trump and Jinping agreed on a 90 day truce in trade war on December

Oil prices jump more than 2% on trade talks optimism, OPEC cuts
Updated On : 09 Jan 2019 | 3:36 AM IST

Oil prices rise on US-China trade talk hopes, Opec supply cuts

Crude prices so far in 2019 have been buoyed by supply cuts from the Organization of the Petroleum Exporting Countries including top exporter Saudi Arabia, and allies including Russia

Oil prices rise on US-China trade talk hopes, Opec supply cuts
Updated On : 08 Jan 2019 | 11:02 PM IST

Every $10 per barrel hike in oil price raises CPI by 0.49%, says study

If prices hit $85 a barrel, the deficit on account of oil would be $106.4 billion - 3.61% of India's GDP - reveals study

Every $10 per barrel hike in oil price raises CPI by 0.49%, says study
Updated On : 06 Jan 2019 | 11:00 PM IST

Oil prices jump 4% as US stocks gain, but demand concerns still weigh

Oil futures were buoyed by some gains in US stocks, with the Nasdaq Composite turning positive after earlier losses

Oil prices jump 4% as US stocks gain, but demand concerns still weigh
Updated On : 03 Jan 2019 | 12:53 AM IST

Rewind 2018: Reduction in kerosene users, but retail prices high

On the consumer front, the number of cooking gas consumers has doubled

Rewind 2018: Reduction in kerosene users, but retail prices high
Updated On : 29 Dec 2018 | 11:10 PM IST

Oil prices fall more than 2% after rebounding as US stock markets retreat

Prices surged on Wednesday, tracking a spike in the US equities market after President Donald Trump's administration attempted to shore up investor confidence

Oil prices fall more than 2% after rebounding as US stock markets retreat
Updated On : 28 Dec 2018 | 3:11 AM IST

Oil slips back towards 18-months lows on oversupply, economy concerns

Both crude oil benchmarks have lost more than a third of their value since the beginning of October and are heading for losses of more than 20 per cent in 2018

Oil slips back towards 18-months lows on oversupply, economy concerns
Updated On : 27 Dec 2018 | 8:06 PM IST

Oil prices likely to gain early 2019 after production cuts: OPEC ministers

Oil prices have shed more than 36 per cent since early October to trade at $54 (47 euros) per barrel, due to fears of oversupply and weak global demand.

Oil prices likely to gain early 2019 after production cuts: OPEC ministers
Updated On : 23 Dec 2018 | 9:21 PM IST