Page 33 - Opec
US oil fund had $726 million in unrealised losses before April: Report
The $3 billion exchange-traded product, known as USO, revealed on Tuesday that it had an unrealized loss of $726 million at the end of March
 "US oil fund had $726 million in unrealised losses before April: Report")
Trading opportunity in energy sector
Traders can benefit from price volatility in the months to come
When oil became waste: A week of turmoil for crude, and more pain to come
The magnitude of how damaged the energy industry is coming into full view on April 20 when the benchmark price of US oil futures plunged to a previously unthinkable minus $38 a barrel
 "When oil became waste: A week of turmoil for crude, and more pain to come")
Deep Dive with AKB - Oil's great slide: What this means for India
So what has happened lately to cause such a massive drop? How bad is the global outlook? And what does all this mean for India, which is a major importer of petroleum products? Let's take a Deep Dive
 "Deep Dive with AKB - Oil's great slide: What this means for India")
Deep Dive with AKB - Oil's great slide: What this means for India
The oil market recently saw something that it had never seen before. For the first time in history, the prices slid to less than zero on 20th April. What has happened lately to cause such a massive drop? How bad is the global outlook? And what does all this mean for India, which is a major importer of petroleum products? Let’s take a #DeepDiveWithAKB to understand.
 "Deep Dive with AKB - Oil's great slide: What this means for India")
Brent claws its way back from 20-year low; US crude up 20% in wild trade
Since the start of the year, Brent has fallen about 65 per cent , while WTI has dropped around 75 per cent
 "Brent claws its way back from 20-year low; US crude up 20% in wild trade")
US oil futures end in green territory; OPEC discusses 'dramatic situation'
Oil's chaotic collapse deepened, and stocks around the world dropped on Tuesday as the economic carnage caused by the coronavirus pandemic turns markets upside down
WTI crude oil trades in negative for first time at -$37.63 per barrel
In a first, MCX crude oil, too, expires below Rs 1,000
New multilateralism with old paradigms?
The biggest armies and the biggest economies failed against a microscopic virus - the weakest link undid decades of progress
From airline revenues to IPL 2020: The latest on coronavirus crisis
Airline passenger revenues are set to plunge by 55%, or $314 billion, in 2020 due to the coronavirus pandemic, IATA said
 "From airline revenues to IPL 2020: The latest on coronavirus crisis")
OPEC+ deal 'historic yet insufficient', oil prices to fall: Goldman Sachs
OPEC+ had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June to stem a slump in prices
Oil price war ends with historic OPEC+ deal to cut global crude output
The slash is about 10% of global supply
OPEC+ likely to cut oil production only if US joins efforts: Report
Worldwide oil demand has dropped by roughly 30%, or about 30 million barrels a day, at the same time that Saudi Arabia and Russia have been flooding markets with extra supply.
 "OPEC+ likely to cut oil production only if US joins efforts: Report")
Seeking to halt free fall, Saudi delays May prices, looks to OPEC meeting
On Friday, Brent crude futures settled at $34.11 a barrel; in early Asia trading, prices fell to $32 a barrel, while US WeWTI) crude CLc1 fell to $ 26.15 a barrel on Sunday.
OPEC+ debates biggest-ever oil cut as Covid-19 pandemic crushes demand
The oil market was dealt a heavy blow by the freefall in demand due to the coronavirus pandemic
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Coronavirus outbreak: India tally jumps to 2,547 with 478 new cases
The number of active cases stands at 2,322, while 162 people were either cured or discharged and one had migrated, the ministry stated.
 "Coronavirus outbreak: India tally jumps to 2,547 with 478 new cases")
Covid-19: Oil crash poses test for OPEC+ after Moscow, Riyadh miscalculate
An OPEC source briefed on Saudi oil policy said the scale of the fall in demand might require action beyond the scope OPEC+ could take alone
Brent tumbles to lowest since 2002, US crude dips below $20 per barrel
With Saudi Arabia and Russia set to flood the market with oil next month, producers and shippers have been scrambling to lock oil up in storage as demand falls.
India to top up strategic oil reserve with Rs 5,000 cr buy as prices drop
Global crude oil fell about 40% in March (to about $25 a barrel now) so far after talks of production cut between the OPEC and Russia failed.
Consumers need to wait 10 more days for bigger cut in retail fuel prices
Petrol is being retailed at Rs 70.29 a litre and diesel Rs 63.01 per litre in Delhi on Wednesday
 "Consumers need to wait 10 more days for bigger cut in retail fuel prices")