Page 24 - Oil

The global oil deal that never came to be

Iran has long said it wanted to regain market share following the lifting of sanctions in January and assumed that Venezuela and Russia -- the two proponents of the freeze deal -- had managed to persuade the Saudis the plan was worth signing even without Tehran's involvement

Oil prices rise as Kuwait oil strike diminishes supply

Once Kuwait's exports fully resume, traders said the market would again focus on a global glut that sees 1 million to 2 million barrels of crude pumped every day in excess of demand

Kuwaiti oil workers begin open-ended strike

The strike, which could slash production if prolonged, comes as world oil producers gather in Qatar to negotiate an output freeze

Doha oil freeze talks face last-minute trouble

Saudi Arabia has taken a tough stance on Iran, the only major OPEC producer to have refused to participate in the freeze

Sushma Swaraj in Iran eyes oil imports, meets Indians

Besides oil, India has vital stakes in connectivity projects in Iran, like the Chabahar port that will open up the country's trade and commercial connectivity with Central Asia and Afghanistan

Saudi remarks on oil surge test prospects for output freeze

Saudi Arabia's top oil official said that the kingdom will only restrain its output if all other major producers agree to freeze their production

Oil falls on low expectations for Doha meeting

It would be the first joint action by major OPEC and non-OPEC producers in 15 years although Iran has refused to participate, saying it wants to rebuild its output to pre-sanctions levels

Oil trades cautiously ahead of crunch producers' summit

Trading sentiment was also weighed by a report on Wednesday showing a sharper-than-expected rise in US commercial crude inventories

Oil glut set to ease this year: IEA

Prices are now over $40 a barrel after plummeting below $30 early in the year. They are nevertheless far below $100-a-barrel mark of mid-2014

India offers stakes to UAE in petro projects

Addressing industry captains in Dubai, Oil Minister Dharmendra Pradhan showcased investment opportunities for UAE

Oil hits 2016 high above $43 on producer meeting hopes

Dollar fell to its lowest in nearly 8 months against a basket of currencies, supporting commodities

Oil dips after Goldman pours cold water on output freeze prospects

Goldman Sachs cautioned results of meeting, planned in Qatar for April 17, may end up being bearish for market

India's thirst for oil is overtaking China's

India's rise dovetails with a reopening by Iran, once the second-biggest producer in Opec until sanctions choked output and investments

Goldman says oil at $35 is 'Goldilocks' ideal for US explorers

Oil at $35 a barrel is neither too high nor too low but just right to make shares of the US explorers worth buying, according to Goldman Sachs Group Inc. While prices of crude at that level are above cash costs of production, they will deter a rebound in shale output from occurring too early, the bank's New York-based analysts, including Brian Singer said in a report dated April 6. Oil at $30-35 a barrel should keep the behaviour of US companies unchanged and help lift West Texas Intermediate (WTI) to $55-60 a barrel in 2017, according to Goldman."We view our second-quarter 2016 oil outlook as an idealistic Goldilocks scenario," the analysts wrote in the report. "We would use volatility to add to positions of shale productivity winners and the next rung down."Goldman said it favours US producers EOG Resources, Diamondback Energy and PDC Energy as well as stocks in "the next rung down" - Hess Corp, Cenovus Energy, Anadarko Petroleum Corp, Encana Corp, Continental Resources and Whiting P

Exceedingly high oil prices can create problem: Arun Jaitley

On GDP growth, Jaitley said, global conditions are not supporting India's growth now but once it turn favourable it will push up further

Oil steady as Iraqi exports up, offsetting US inventories drop

US crude inventories fell 4.9 million barrels in the week to April

India's Iran oil imports set to surge to 7-year high in 2016/17 , says sources

Iran was India's second biggest oil supplier - a position now belonging to Iraq - before economic sanctions aimed at Iran's nuclear programme hampered its trade relations

Oil falls as investors turn cool on output freeze deal

Oil prices have fallen more than 65% since mid-2014, when booming US shale oil output and supply from within and outside OPEC created one of the largest global surpluses of crude in modern times

Oil tumbles 4%; Saudi Arabia cools on output freeze

Oil had rallied for the past six weeks after major producers within and outside the OPEC floated the idea of freezing output at January's highs

Oil prices fall as concerns rise over rally petering out

OPEC along with other major suppliers including Russia will meet next month to discuss an output freeze to support prices