Page 26 - Oil

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

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