Page 25 - Oil

Oil prices rise in thin Asian trade; production freeze may occur

Prices have risen about 50% from multi-year lows hit in January on glut worries

West Asia to dominate oil imports into India: IEA

India used almost four million barrels per day of oil in 2015

Indian oil imports to drop 10% over next 6 years: Oil Minister

Import dependence has, however, risen since then to 78.5% in 2014-15 when India imported 189.4 million tonnes of crude oil for $112.7 billion

Oil futures extend gains on falling US crude stocks

Brent crude has risen more than 50% from 12-year lows in January

Oil sets new 2016 highs on production freeze

Brent crude was up 65 cents, or 1.5 per cent, at $42.19 a barrel by 10:44 am EDT (1444 GMT), after setting a 2016 high at $42.54

Oil prices extend recovery

Global slowdown, market turmoil sent dollar plunging, making oil cheaper for holders of rival currencies

Oil hits 2016 high on output-freeze hopes, set for longest winning streak for a year

Oil prices surged more than 50% from 12-year lows since OPEC floated idea of a production freeze, boosting Brent from about $27 and US crude from around $26

Oil investors see $7.4 bn vanish as dividends dip

It's another painful measure of the toll taken on the industry by the worst oil and gas price slump in decades

Oil prices could test $20 per barrel: Vandana Hari

Interview with Asia editorial director at Platts

Oil prices ease over uncertain supply picture

Saudi Arabia and Russia, the world's two largest oil exporters, along with Qatar, Venezuela have proposed major producers freeze output at January levels

Oil prices fall as oversupply lingers, economic slowdown looms

OPEC said it pumped 32.28 million bpd in Feb, down about 175,000 bpd from Jan due to outages in Iraq, Nigeria

Govt to pass on benefit to consumers if oil prices rise

Petroleum Minister said they have passed 50% revenue to consumers, saving remaining to balance fiscal deficit and for welfare schemes of the country

Oil back below $40 as Iran dashes hopes for quick deal on output

Iran oil minister said OPEC member would discus only when its output reached 4 mn bpd; currently its 2 mn bpd

Oil edges lower after Kuwait dents hopes for output freeze

Kuwait's oil minister said their participation would require all major oil producers, including Iran, to be on board

Oil rallies to three-month high; analysts warn of glut

The gains were driven partly by a rally that took Asian equities to two-month highs

Iran central banker visiting India over 6$ billion of oil dues

With lifting of sanctions, some Indian oil companies want to clear the unpaid bill at the exchange rate 3 years back

Oil likely to recover to $55 in 12 months: Report

The oil market is still oversupplied in the first half of 2016 after supply expanded 2.7% in 2015.

OPEC watching Iran, Russia, unlikely to cut output in June

The only time Russia agreed to cooperate with OPEC was in 2001 but it never delivered on its pledge and raised exports instead

Oil rises on positive US data

Strengthened growth in top consumer the US will soak up a global supply glut that has weighed on markets

Don't reimpose customs duty on crude: Oil firms

Govt may, in the Budget next week, look at re-imposing 5% customs duty on crude oil imports