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Iran's Rouhani says OPEC cooperation key to stabilising oil

09-12-2016| Source:Reuters

Oil rebounded from the week's lows and hovered above USD50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non-OPEC producers that may result in an agreement to cut

Oil extends gains on hopes for non-OPEC output cuts

09-12-2016| Source:Reuters

NYMEX crude for January delivery was up 17 cents at USD 51.01 a barrel by 0039 GMT, after closing up USD 1.07 on Thursday. However, the contract is set for a weekly decline of around 1 percent.

Crude oil to trade in 3304-3528 range: Achiievers Equities


According to Achiievers Equities, Crude oil dropped on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang.

Oil prices rise on US crude stock decline, weaker dollar

08-12-2016| Source:Reuters

International Brent crude futures were trading up 4 cents at USD 53.04 a barrel at 0345 GMT after closing the previous session down 93 cents.

Crude oil to trade in 3341-3579 range: Achiievers Equities


According to Achiievers Equities, crude oil dropped as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production.

Outages brighten European refineries' year-end profit prospects

07-12-2016| Source:Reuters

Refining was a lifeline for energy companies when oil prices started falling sharply in the second-half of 2014. Cheap crude spurred record demand growth for motor fuels, which refineries worldwide

In mammoth task, BP sends almost 3 mn barrels of US oil to Asia

07-12-2016| Source:Reuters

BP's efforts, involving one of the world's longest sea routes, seven tankers and a series of ship-to-ship transfers, underscore a desire among oil traders to develop new routes to sell swelling

Petrol, diesel prices may jump 5-8% next quarter on Opec cuts

06-12-2016| Source:PTI

A Crisil report said the price of petrol may rise 5-8 percent and that of diesel by 6-8 percent over the next 3-4 months following the production cut and the resultant spike in crude prices.

Oil dips as OPEC, Russian output rises ahead of production cut

06-12-2016| Source:Reuters

International Brent crude oil futures were trading at USD 54.64 per barrel at 0935 GMT, down 30 cents from Monday's close. US West Texas Intermediate crude was at USD 51.39 a barrel, down 40 cents.

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