Page 16 - Oil

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

US gets fewest oil cargoes from Opec in 5 yrs as production decline begins

Saudi Arabia, the biggest producer in the Opec Countries, and several others curbed supplies in the face of rising US production and inventories

Oil prices up on last trading day, set for first annual decline since 2015

Crude prices have been closely tracking equity markets during volatile trading for both asset classes last week

Crude oil prices steady near year-and-a-half lows ahead of New Year

US West Texas Intermediate crude futures rose 72 cents to settle at $45.33 a barrel, after earlier reaching $46.22 a barrel

Oil prices plunge more than 6% as economic slowdown fears grip market

Brent fell 11% last week and hit its lowest level since September 2017

Electric vehicles will cut transportation demand for oil by 2040, says IEA

Oil demand is not expected to peak before 2040, the Paris-based IEA said in its 2018 World Energy Outlook

Oil poised for longest streak of losses since 2014 as supply fears ease

Supply concerns that drove crude to a four-year high last month faded on speculation the U.S. would give exemptions to Iranian oil buyers to lower costs at pumps