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Page 83 - Oil Prices

Oil hits $63 a bbl, highest since 2015 on output tightening by Saudi Arabia

US energy companies cut eight oil rigs last week, to 729, in the biggest reduction since May 2016

Oil hits $63 a bbl, highest since 2015 on output tightening by Saudi Arabia
Updated On : 06 Nov 2017 | 1:57 PM IST

Oil prices firm above $60 on supply cut

Saudi Arabian Crown Prince Mohammed bin Salman last week backed extending production cuts by the Opec

Oil prices firm above $60 on supply cut
Updated On : 31 Oct 2017 | 2:16 AM IST

Oil jumps 1%; fighting shuts crude output in Iraq's Kirkuk

Iraq's Kurdistan briefly shut down some 350,000 barrels per day (bpd) of production from major fields Bai Hassan and Avana due to security concerns

Oil jumps 1%; fighting shuts crude output in Iraq's Kirkuk
Updated On : 16 Oct 2017 | 11:38 PM IST

Oil prices rise as Saudi Arabia plans to cut exports in November

Oil prices rose as Saudi Arabia announced it would further curtail oil exports,

Oil prices rise as Saudi Arabia plans to cut exports in November
Updated On : 11 Oct 2017 | 9:09 AM IST

Oil falls from 26-month high on profit-taking

US refinery utilization was expected to rise 3.6 percentage points from 83.2 percent of total capacity in the week ended Sept. 15

Oil falls from 26-month high on profit-taking
Updated On : 27 Sep 2017 | 2:40 AM IST

Oil edges up as Saudis discuss extending supply cut

The hurricane knocked out power to nearly 4 million homes and businesses in Florida

Oil edges up as Saudis discuss extending supply cut
Updated On : 12 Sep 2017 | 12:17 AM IST

Oil prices slide from nine-week highs as market looks to Opec

US crude futures were down 59 cents, or 1.19 per cent, at $48.99 per barrel

Oil prices slide from nine-week highs as market looks to Opec
Updated On : 07 Aug 2017 | 4:27 PM IST

Oil prices rise following rising Opec exports and strong US jobs data

Crude futures had been lower in early trade before the jobs report spurred buying

Oil prices rise following rising Opec exports and strong US jobs data
Updated On : 04 Aug 2017 | 10:06 PM IST

Oil prices dip as prospect of deeper Opec output cut dims

NYMEX crude for September delivery fell 20 cents to $45.57 a barrel

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Updated On : 24 Jul 2017 | 4:33 PM IST

Oil prices up 1.5% as strong Chinese demand overshadows supply glut

China imported 8.55 million bpd of oil in the H1 of 2017, up 13.8% on the same period in 2016

Oil prices up 1.5% as strong Chinese demand overshadows supply glut
Updated On : 13 Jul 2017 | 10:36 PM IST

Oil prices fall 3% on oversupply

Russia says ready to consider revising output deal parameters

Oil prices fall 3% on oversupply
Updated On : 08 Jul 2017 | 2:36 AM IST

Oil prices up on weaker dollar, but supply glut caps gain

The dollar fell 0.1% against a basket of six major currencies

Oil prices up on weaker dollar, but supply glut caps gain
Updated On : 28 Jun 2017 | 2:33 AM IST

Oil sits near half-year lows as global supply overhang weighs

Rising US oil output, mostly from shale drillers, contributing to ineffectiveness of Opec-led cuts

Oil sits near half-year lows as global supply overhang weighs
Updated On : 16 Jun 2017 | 11:09 AM IST

Oil hits six-week low as Opec fails to curb oversupply

Crude prices have fallen about 12 per cent since May 25

Oil hits six-week low as Opec fails to curb oversupply
Updated On : 15 Jun 2017 | 4:16 PM IST

Oil prices hover around 7-month low levels on doubts over Opec's output cut

On the other hand, production in the US has also jumped by 10% over the past year to 9.33 mn bpd

Oil prices hover around 7-month low levels on doubts over Opec's output cut
Updated On : 15 Jun 2017 | 1:45 PM IST

Oil sinks more than 3.5% on shock US gasoline stocks build

Crude inventories decreased by 1.7 million barrels

Oil sinks more than 3.5% on shock US gasoline stocks build
Updated On : 15 Jun 2017 | 1:59 AM IST

Oil prices fall on rising US crude stocks, Opec's output bump

Crude prices have fallen by more than 10% since late May, pulled down by a supply glut

Oil prices fall on rising US crude stocks, Opec's output bump
Updated On : 14 Jun 2017 | 2:20 PM IST

Oil rises on Saudi pledge to make real supply cuts to Asia, US

Saudi Arabia, the world's top oil exporter, to cut production by 1.8 million barrels per day

Oil rises on Saudi pledge to make real supply cuts to Asia, US
Updated On : 13 Jun 2017 | 1:13 PM IST

Amid Gulf-Qatar rift, Indian basket of crude oils goes below $50 per barrel

Crude prices continued on their downward spiral following Opec's decision to extend output cuts

Amid Gulf-Qatar rift, Indian basket of crude oils goes below $50 per barrel
Updated On : 06 Jun 2017 | 5:28 PM IST
Oil prices jump after Saudi Arabia and Arab allies cut ties with Qatar
Updated On : 05 Jun 2017 | 11:49 AM IST