Page 15 - Oil

Oil falls 3% to below $58 a barrel as recession worries weigh on prices

Global benchmark Brent crude fell as much as $1.81, or 3%, to $57.67 a barrel and by 1117 GMT was down $1.57 at $57.91. U.S. crude fell $1.03 to $54.20

Oil demand growing at slowest pace since 2008 financial crisis: IEA

From January to May, oil demand increased by 520,000 bpd, marking the lowest rise for that period since 2008

Global natural gas prices drop, but policy blocking India from making gain

One of the first things the new government should do now is revisit the five-year-old formula determining the price of domestic natural gas

US-Iran tensions, Opec's indication of continuing cuts lead to oil surge

Opec+, an alliance of Opec and some non-member nations, had in January announced to cut output for six months to prevent a decline in prices

At $44 bn foreign interest, oil could be India's next geopolitical currency

In any war-like situation with Pakistan, both Saudi and UAE will be induced to pressurise Islamabad because of their high stakes in India's oil sector

How US ending Iran waivers may affect India and other oil markets

Among the buyers, India, South Korea, China, and Japan are likely to be hit the hardest

India delays May order for Iran oil, awaits clarity on US sanctions: Report

Washington had given a six-month waiver to eight nations including India, allowing them to import some Iranian oil until early May

Oil at 5-month high amid OPEC-led supply cuts, US sanctions, jobs data

International benchmark Brent futures were at $70.72 per barrel at 0225 GMT on Monday, up 38 cents, or 0.5 percent from their last close.

Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

For the two benchmarks, the first quarter was the best-performing quarter since 2009, when both gained close to 40 per cent

Far from reducing imports, India's oil and gas production has slumped

The country's dependence on imports has increased over the past four years and domestic production has fallen

Govt asks ONGC, OIL to sell out 66 fields to pvt firms to cut imports

ONGC and OIL, who are battling stagnation in output from largely ageing fields, have a total of 184 fields

India becomes top buyer of Venezuelan crude in February, imports jump 66%

Venezuelan crude exports have plunged since US President Donald Trump ratcheted up sanctions against the country's oil company

Oil at new high in CY19 on US-China trade optimism, Opec output cuts

Crude has gained 20% this year amid prospects of cut in supply

US warns countries, including India, against buying Venezuelan oil

The US has slapped sweeping sanctions on PDVSA with a view to curb Venezuela's crude exports and put pressure on socialist President Maduro to step down

Oil exporters yet to recover from oil shock: IMF's Christine Lagarde

Among oil importers in the Middle East region, growth had picked up, but it was still below the level before the global financial crisis

Oil slips below $62 after report shows rise in US crude inventory

U.S. crude inventories rose by 2.5 million barrels last week and gasoline stocks also increased

Oil prices rise over 3% on strong US jobs data, Venezuela sanctions

Oil prices got a boost from Wall Street after surprisingly strong US job growth data fed demand for equities

Saudi and Canadian production cuts are making the world pay more for oil

More than half of the world's heavy crude is processed in the US

Oil prices rise more than 2%; lifted by OPEC cuts, steadying stock market

Oil futures have gained about 9 per cent since last Monday

Govt to launch delayed second round of oil block auctions on Monday

India had in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored area in the country under exploration