Page 20 - Oil

The rise and fall of oil in popular culture

Energy from petroleum connects us to rest of the world, whether through fuel-thirsty jet engines or by keeping an uninterrupted power supply

Oil exploration shares gain; ONGC hits 52-week high

Oil Country Tubular, GOL Offshore, Jindal Drilling, Aban Offshore and Hindustan Oil Exploration were up 5% to 15% on the BSE.

Oil prices surge 10% after OPEC agrees to cut output for first time since 2008

The cut of 1.2 million barrels per day (bpd) was at the upper end of expectations (0.7-1.2 million bpd)

Govt to invest $20 billion in gas fields in next 5-7 yearrs: Dharmendra Pradhan

This is to develop natural gas discoveries by state-owned ONGC and Reliance Industries-BP joint venture off the east coast

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 & 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

Obama administration bars new oil exploration in Arctic waters

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

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 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 extends losses after report shows surprise US stocks build

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

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 rises above $50 on OPEC cut comments

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

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 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 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 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

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 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 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 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