Page 9 - Oil

OPEC+ trims 2022 oil market surplus forecast in latest data: Report

OPEC+ revised down its forecast for an oil market surplus this year by about 200,000 barrels per day to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters

Top headlines: Ukraine president pleads for peace, oil shock may sting

Mutual funds are keeping their powder dry to invest in LIC's IPO that is expected to hit the market next month

World's most-important oil price tops $100, signals more to come

It also shows that the rally in futures prices - they passed $96 at one point on Wednesday - is in part being driven by what's happening in the real world

A plunge into a unique world of divers maintaining oil rigs and pipelines

Where would you least expect a Punjabi or a Haryanvi or a Rajasthani lad? And making big bucks, too? Read on to find out

OPEC sees upside to 2022 oil demand forecast on strong pandemic recovery

OPEC leaves 2022 oil demand growth forecast steady, keeps Q3 demand forecast at 100 mln bpd

Costlier oil and subsidy fall likely to hit consumption in FY23

A cut in subsidy in FY23 comes on the back of an equally sharp cut in FY22

Oil little changed despite talk of possible OPEC+ supply boost

The Organization of the Petroleum Exporting Countries and allies, together known as OPEC+, has been expected to decide at a monthly meeting on Wednesday to keep gradually increasing production

Uganda, investors commit $10 billion to pump nation's oil deposits

Uganda and a group of investors announced their decision to finally proceed with oil production following years of setbacks

Conflicting trends for energy stocks: State polls only add to uncertainty

Petrochemicals producers may have seen declines in bottom lines

Oil steadies near 7-year high as Biden vows to curb inflation

Futures in New York traded near $87 a barrel after advancing almost 6% over the past three sessions

One of the world's wealthiest oil exporting nations is becoming unliveable

Parts of Kuwait could get as much as 4.5C hotter from 2071 to 2100 compared with the historical average

China agrees with US to release oil reserves near Lunar New Year

China agreed in late 2021 to release an unspecified amount of oil depending on price levels, sources said

Oil prices edge lower on profit-taking, interest rate hike worries

Oil prices typically move inversely to the U.S. dollar, with a stronger greenback making commodities more expensive for those holding other currencies

Shrink to fit: The year Europe's Big Oil starts to become Small Oil

Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies

Oil starts 2022 with rally towards $79 as Omicron impact concerns ease

Brent crude rose 95 cents, or 1.2per cent, to US$78.73 a barrel as of 0923 GMT. U.S. West Texas Intermediate (WTI) crude added US$1.03 or 1.4per cent, to US$76.24

As global economy recovers, oil heads for biggest annual gains since 2009

Brent crude futures fell 3 cents to $79.50 a barrel at 0718 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 10 cents, or 0.1%, to $76.89 a barrel.

Oil mixed as halted flights weigh and optimism over Omicron impact supports

More than 1,300 flights were cancelled by US airlines on Sunday as Covid-19 reduced the number of available crews

Fighting gas prices, US decides to release 50 million barrels of oil

The government will begin to move barrels into the market in mid- to late-December

A better balance sheet, green plans behind RIL's change of tack for oil biz

RIL and Saudi Aramco signed a non-binding letter of intent in August 2019 for a potential 20 per cent stake acquisition by Saudi Aramco in the O2C business of Reliance.

Oil near six-week low as China readies crude reserve release

Brent crude was up 21 cents, or 0.3%, at $80.49 a barrel at 1511 GMT