Page 21 - Oil

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 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.

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 rebound's dirty little secret threatens US gas bulls

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

India receives its first oil parcel from Iran

India will receive 6 million barrels from Iran, while approaching UAE and Saudi Arabia for meeting the remaining demand

Oil edges up on record Indian imports, hopes of producer cut

India's oil imports rose 4.4 per cent in September from the previous month to a record high 4.47 million barrels per day

India's September Iran oil imports fall 4.1% on August

Average imports over the period were at their highest in at least 15 years

Oil edges up before producer talks on output curbs

Brent crude was up 9 cents at $52.50 a barrel

Oil off the boil, shares toil, sterling in trouble

Sterling was back under $1.23 and 90 pence per euro while the dollar muscled its way to an 11-week high

Oil prices dip on surging Iran sales, but looming OPEC deal offers support

US West Texas Intermediate crude was down 25 cents at $48.56 a barrel

Oil prices fall on high production despite planned OPEC output cut

US West Texas Intermediate futures were down 26 cents, or 0.5 per cent, at $47.98 a barrel

Oil slumps as Iran-Saudi discord dims freeze prospects

US benchmark West Texas Intermediate for delivery in November fell 3.5 per cent to $44.31 a barrel in New York trade on Tuesday

Oil steady as market awaits Algiers meeting; funds cut bullish bets

Brent crude futures were down 2 cents on the day at $45.87

Oil prices rebound after Algeria says all options open at OPEC meeting

Brent crude futures climbed 39 cents to $46.28 a barrel and US WTI crude futures rose 32 cents to $44.80 a barrel

Oil prices rebound after Algeria says all options open at OPEC meeting

Brent crude futures advanced 42 cents to $46.31 after settling down $1.76

Oil climbs 1% after surprise US crude stock draw

International benchmark Brent crude futures were also up, gaining 48 cents, or 1%, from their last close to $47.31 per barrel

Govt set to buy Iran oil for emergency reserves: Sources

The step comes as Iran's daily crude exports to India surged to the highest level in 15 years in August

Oil climbs as Venezuela sees output deal, Libya suffers clashes

Venezuelan President Nicolas Maduro has said that a deal could be announced this month to stabilise oil markets

Oil prices down as Libya, Nigeria set to raise output

A persistent crude supply glut has hammered prices for more than two years as rival producers maintain high output levels in their fight for market share

Oil rises on draw in US crude stocks, but supply worries remain

Crude prices have fallen by around eight per cent in the last five trading sessions