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Page 19 - Oil

Oil market would balance even without output cuts, says Saudi's energy minister

OPEC wants non-OPEC producers such as Russia to support the intervention by curbing their output

Oil market would balance even without output cuts, says Saudi's energy minister
Updated On : 28 Nov 2016 | 3:52 AM IST

Oil & gas bids lose steam as big firms like RIL, BP fight shy

Major players such as ONGC, Oil India, Reliance Industries, and BP skip the auction

Oil & gas bids lose steam as big firms like RIL, BP fight shy
Updated On : 22 Nov 2016 | 9:29 AM IST

Obama administration bars new oil exploration in Arctic waters

A win for environmental groups that had fought development of the ecologically fragile region

Obama administration bars new oil exploration in Arctic waters
Updated On : 19 Nov 2016 | 10:08 PM IST

Oil tumbles as Trump leads US election in potential Brexit deja vu

The falls in oil came as prices for gold jumped, while dollar fell sharply against a basket of other leading currencies

Oil tumbles as Trump leads US election in potential Brexit deja vu
Updated On : 09 Nov 2016 | 12:11 PM IST

Oil set for sixth straight day of declines

Analysts said markets were also weighed down by traders pulling out money from futures ahead of US elections

Oil set for sixth straight day of declines
Updated On : 04 Nov 2016 | 2:31 PM IST

Oil extends losses after report shows surprise US stocks build

Indications of higher-than-expected US stockpiles is also dragging on sentiment

Oil extends losses after report shows surprise US stocks build
Updated On : 02 Nov 2016 | 10:32 AM IST

Oil prices set for weekly drop on doubts OPEC can coordinate output cut

Brent crude futures were at $50.54 per barrel at 0241 GMT, up 7 cents from Thursday

Oil prices set for weekly drop on doubts OPEC can coordinate output cut
Updated On : 28 Oct 2016 | 10:49 AM IST

Oil rises above $50 on OPEC cut comments

Doubts about OPEC's supply cut deal have been weighing on market this week

Oil rises above $50 on OPEC cut comments
Updated On : 27 Oct 2016 | 9:41 PM IST

Oil prices mixed on OPEC squabbles ahead of planned production cut

US crude inventory data is closely watched to gauge supply and demand in the world's biggest crude consumer

Oil prices mixed on OPEC squabbles ahead of planned production cut
Updated On : 25 Oct 2016 | 1:23 PM IST

Oil prices dip on OPEC squabbles ahead of planned production cut

US crude inventory data is closely watched as a means to estimate the country's supply overhang

Oil prices dip on OPEC squabbles ahead of planned production cut
Updated On : 25 Oct 2016 | 8:42 AM IST

Oil dips on Buzzard restart, Iraq; US crude tests below $50

OPEC hopes to remove about 700,000 bpd from an estimated global supply of 1.0-1.5 million bpd

Oil dips on Buzzard restart, Iraq; US crude tests below $50
Updated On : 25 Oct 2016 | 4:53 AM IST

Oil halts rally above $50 as Iraq signals break from Opec cuts

Prices slid as much as 0.9 per cent in New York after rising 0.4 per cent on Friday

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Updated On : 25 Oct 2016 | 12:54 AM IST

Oil's down cycle is coming to an end, says Saudi oil minister

"Market fundamentals, in terms of supply and demand, have begun to improve," Falih said.

Oil's down cycle is coming to an end, says Saudi oil minister
Updated On : 23 Oct 2016 | 6:32 PM IST

Oil down 2%, strong dollar knocks US crude off 15-month highs

Dollar hit 7 month highs against basket of currencies and a 3 month peak versus the euro after the ECB kept interest rates unchanged

Oil down 2%, strong dollar knocks US crude off 15-month highs
Updated On : 21 Oct 2016 | 3:24 AM IST

Oil rises on US crude inventory draw, falling Chinese output

International Brent crude futures were at $52.14 a barrel, up 46 cents, or 0.89 per cent

Oil rises on US crude inventory draw, falling Chinese output
Updated On : 19 Oct 2016 | 10:05 AM IST

Oil rises on reported US crude inventory draw, expected OPEC cut

International Brent crude futures were at $52.27 a barrel, up 59 cents, or 1.14 per cent

Oil rises on reported US crude inventory draw, expected OPEC cut
Updated On : 19 Oct 2016 | 8:57 AM IST

Oil rises on dollar and market balance expectations

Traders said a drop in the dollar away from seven-month highs the previous day supported crude

Oil rises on dollar and market balance expectations
Updated On : 18 Oct 2016 | 3:17 PM IST

Oil declines as Opec members boost output

Oil declined as Opec members added supply and US producers increased drilling, threatening to compound a global surplus.Futures fell by as much as 1.8 per cent. Libyan output expanded to 560,000 barrels a day, according to the National Oil Corp, up from 540,000 last week. Iran repeated plans to boost production to 4 million barrels a day. Nigeria aims to raise output by 400,000 barrels a day to 2.2 million, Oil Minister Emmanuel Ibe Kachikwu said in New Delhi. Rigs targeting crude in the US rose for a seventh week to the highest since February, Baker Hughes said.Oil has fluctuated near $50 a barrel amid uncertainty about whether the Organization of Petroleum Exporting Countries will implement an agreement to reduce supply. An Opec committee will meet later this month to try and resolve differences over how much individual members should pump. The details of how supply will be reduced needs to be finalised by the group's next meeting in Vienna on November 30.

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Updated On : 18 Oct 2016 | 1:02 AM IST

Oil majors experiment with technology to weather crisis

Crude prices have more than halved since mid-2014, forcing companies to cut billions of dollars in costs

Oil majors experiment with technology to weather crisis
Updated On : 16 Oct 2016 | 4:58 PM IST

Oil rebound's dirty little secret threatens US gas bulls

Apache's discovery in the southern reaches of the Permian underscores the potential

Oil rebound's dirty little secret threatens US gas bulls
Updated On : 15 Oct 2016 | 10:49 PM IST