Page 35 - Opec

Crude oil shock: MCX raises margin to 60% to prevent client defaults

Exchange says it covered price volatility risk adequately with no default occurring during the price decline; brokers, however, says some margin calls were triggered

Goldman Sachs cuts Brent forecasts to $30 on price war, Coronavirus impact

Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia

As Saudi Arabia blows up crude oil market, stand by for fallout: Analyst

The Saudi move was no shot across the bows aimed at Russia's reluctance to extend and boost a deal to curb production.

Oil crashes on Saudi's biggest price war in 20 yrs; Brent drops to $33/bbl

A meeting of main producers was expected to agree to deeper cuts to counter the impact of the new coronavirus -- but Moscow refused to tighten supply

'Crazy' Saudi oil price cuts seen reigniting market share war with Russia

Deal between Russia and OPEC shook on Friday when OPEC, led by Saudi Arabia, failed to reach agreement with the world's No. 2 oil producer Russia to deepen production cuts aimed at shoring up prices.

Aramco trades below IPO price for first time, after OPEC pact unravels

Aramco's record IPO in December had valued the firm at $1.7 trillion, making it the world's most valuable company

'Crazy' Saudi oil price cuts seen reigniting market share war with Russia

The battle ended when the Organization of the Petroleum Exporting Countries (OPEC) and Russia struck a deal to cut production

Oil plunges to lowest since 2017 after Russia rejects steep OPEC cut

An OPEC+ delegate said there were "positive signs" after a separate, earlier OPEC+ meeting had finished.

Will OPEC and allies be able to convince Russia for biggest oil cut?

According to the plan drawn up by OPEC, allies in the so-called OPEC+ grouping -- Russia foremost among them -- would take on 500,000 barrels of the cuts

As prices dip, OPEC backs biggest oil cut since 2008 financial crisis

Oil demand growth forecasts for 2020 have been slashed because of global measures to halt the spread of the virus

Coronavirus scare: OPEC backs biggest oil production cut since 2008 crisis

Russia and Kazakhstan, both members of the broader and informal group known as OPEC+, said they had not yet agreed to a deeper cut

Oil rises more than 1% on smaller-than-expected rise in crude stocks

Brent crude rose by 78 cents, or 1.5%, to $51.91 per barrel by 0202 GMT

Opec divided on how to combat coronavirus fallout, ministers to meet today

The splits on the way forward even within OPEC were on display on Wednesday as delegations arrived

OPEC struggles to get Russian backing for oil cut amid coronavirus crisis

A panel of several ministers from OPEC, Russia and other producers failed to clinch a preliminary agreement for additional cuts, OPEC sources said

Iran's oil and gas production not affected by Coronavirus, says official

Iran's crude oil exports were slashed by more than 80% after U.S. President Donald Trump withdrew from a multilateral nuclear deal with the Islamic Republic in 2018 and reimposed sanctions

Virus scare: Oil lower despite Fed rate cut and hopes for OPEC+ output cut

Brent crude lost 17 cents to trade at $51.73 a barrel by 1:28 p.m. EST (1628 GMT). U.S. crude traded 1 cent lower at $46.74 a barrel

OPEC to try to stem global oil price plunge amid Coronavirus slowdown

Prices were already under pressure at that point from abundant reserves and weak global growth

Oil bounces from multi-year lows as hopes of OPEC+ cut offset virus impact

US West Texas Intermediate crude hit a 14-month low of $43.32 a barrel, before recovering to $45.23, up 47 cents, or 1.1%

Market Ahead, March 2: Top factors that could guide markets this week

In the primary market, the initial public offer of SBI Cards and Payment Services will open today. The company expects to raise around Rs 10,341 crore from the IPO

Oil slumps over 4% as traders fret over Coronavirus impact on crude demand

US crude oil stockpiles increased by 452,000 barrels to 443.3 million barrels