Page 78 - Oil Prices

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 rebounds from rout as US data shows signs of strong product demand

Brent crude futures were up 61 cents at $56.87 a barrel, a 1.1% gain

Oil prices drop 4% on oversupply, equities sell-off and darkening outlook

Both crude oil benchmarks have shed more than 30 per cent since early October due to swelling global inventories

The future of oil prices

Given continuing US-Iran tensions and the production cutbacks by Opec and non-Opec producers, oil prices are likely to remain high even in the event of a global slowdown

Crude oil prices climb amid signs of easing US-China trade war tensions

US West Texas Intermediate (WTI) crude futures were at $51.40 per barrel

US becomes net oil exporter for 1st time in 75 yrs; Opec's power diminishes

The shale revolution has transformed oil wildcatters into billionaires and the US into the world's largest petroleum producer, surpassing Russia and Saudi Arabia

Oil prices may go up, but will be below $70 a barrel in FY19: HPCL chairman

An Opec meeting scheduled to take place this week is expected to come up with a supply cut to arrest the drop in prices

Oil gains most since June after nations raise efforts to support prices

Prices retreated slightly after Qatar said it was leaving OPEC

Oil remains India's worry as rupee, bonds weaken on surge in prices

The rupee was the only emerging-market Asian currency that weakened Monday as Brent prices rallied 6.2 per cent to $62.4 per barrel

How Trump's push for lower oil prices could hurt businesses, workers in US

The damage would be particularly severe in states like Texas, Oklahoma and North Dakota that voted for the president

Oil prices firm on expectations that OPEC and Russia will agree on cuts

Despite the firmer prices, crude oil has lost almost a third in value since early October because of an emerging supply glut following a global surge in production, including from the United States

Oil set to see worst month in a decade on growing fears over supply glut

After reaching a four-year high in early October, crude has collapsed more than 30%, marking the worst crash since 2015

WTI oil price slumps under $50 a barrel, hits lowest level in 14 months

WTI hit as low as $49.41 per barrel, the lowest point since October last year

Oil falls, suffers biggest monthly slide since 2008 financial crisis

Opec and non-Opec producers meet in Vienna next week to discuss a new round of supply cuts of 1 million to 1.4 million barrels per day and possibly more to prop up prices

Oil prices steady near year lows ahead of G20 summit, Opec meeting

Opec meets in Vienna on December 6 to discuss output policy together with some non-Opec producers, including Russia

Oil prices slip on record Saudi output, markets eye G20, Opec meetings

Oil prices have lost almost a third of their value since early October

Preparing for cheaper oil

RBI should guard against rupee volatility if forex inflows resume

Fall in oil prices may cause new worries

There weren't many sectors with great results in Q2 but energy turnaround could change equations for Q3

Falling oil prices sink world stocks; supply and growth concerns mount

The Organization of the Petroleum Exporting Countries is expected to curb output, rising US oil supply has fueled persistent concerns about a global surplus

Oil prices decline by 18%, boosting India's CAD in election season

Iran breather brings down retail prices by 4-5%