Page 17 - Oil
Oil hits two-week high on share market recovery, Mideast tensions
Brent crude was up 89 cents at $65.73 a barrel at 1802 GMT, after rising to an 11-day high of $65.75 a barrel earlier in the session
 "Oil hits two-week high on share market recovery, Mideast tensions")
Govt's 60% oil block sell-off plan may hit dual contract roadblock
Govt plans to sell 60% stake in 15 fields of ONGC, Oil India to rope in private firms as part of production enhancement policy
 "Govt's 60% oil block sell-off plan may hit dual contract roadblock")
Blood oil: More than half the oil traded across the world has been stolen
The source of the problem is an archaic law left over from the days of the Atlantic slave trade
 "Blood oil: More than half the oil traded across the world has been stolen")
Oil scores best opening week in half a decade
US inventories are shrinking at a time when OPEC and allies producers including Russia are working to trim a global glut
 "Oil scores best opening week in half a decade")
Oil hovers near $52 a barrel
Oil is holding a second week of gains after the strongest signal yet that the Opec will extend supply curbs until the end of 2018
 "Oil hovers near $52 a barrel")
Oil hits highest since July 2015 as producers say market rebalancing
US West Texas Intermediate crude for November delivery rose $1.02, or 2%, to $51.68 a barrel
 "Oil hits highest since July 2015 as producers say market rebalancing")
About 25% of US Gulf oil output offline due to Harvey
This equates to 428,568 bpd out of roughly 1.75 mn bpd of oil pumped from the Gulf
 "About 25% of US Gulf oil output offline due to Harvey")
Oil prices fall on weak Chinese refining activity
US West Texas Intermediate (WTI) crude futures were at $48.70 a barrel, down 12 cents, or 0.3%
 "Oil prices fall on weak Chinese refining activity")
Saudi to cut crude oil allocations by 520,000 barrels a day in September
It is much more than what it pledged to OEPC
 "Saudi to cut crude oil allocations by 520,000 barrels a day in September")
Oil majors gushing in cash despite cheap crude
Prospect of crude remains at $50 level is no longer a doomsday scenario for the world's oil majors
Big oil just woke up to the threat of rising electric car demand
BP anticipates 100 million EVs on the road by 2035, a 40% increase in its outlook
Hefty oil bills: Centre exhorts national firms to raise output
India's import dependence has since only risen to 81%
 "Hefty oil bills: Centre exhorts national firms to raise output")
Global oil discoveries fell to record low in 2016, says IEA
Slowdown in activity in oil sector was due to reduced investment spending driven by low oil prices
 "Global oil discoveries fell to record low in 2016, says IEA")
Oil slides as US climate withdrawal compounds glut concerns
US West Texas Intermediate crude futures fell $1.45 cents to $46.91 per barrel
 "Oil slides as US climate withdrawal compounds glut concerns")
Oil rises to $52 as Saudi Arabia, Russia back longer supply cuts
Oil jumped more than 2% to its highest in more than three weeks on Monday
 "Oil rises to $52 as Saudi Arabia, Russia back longer supply cuts")
India's oil boom stalls
Gasoline consumption growth has been slowing since the middle of 2016
 "India's oil boom stalls")
Oil curbs could extend beyond 2017, says Saudi Arabia
Surging US production raised concern Opec nations and partners are failing to reduce an oversupply
 "Oil curbs could extend beyond 2017, says Saudi Arabia")
Brent crude falls to 5-month low, erases gains since Opec agreed to cuts
Opec's compliance with the output cuts fell to 90% in April from a revised 92% in March
Oil off on supply fears; stocks slip before French election
US crude futures fell below $50 a barrel for the first time in more than 2 weeks on renewed fears
 "Oil off on supply fears; stocks slip before French election")
Opec recommends 6-month extension of oil output cuts
Producers had agreed to cut production by 1.8 mn bpd for six months from Jan 1 to support market
 "Opec recommends 6-month extension of oil output cuts")