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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.

Crude oil to trade in 3439-3627 range: Achiievers Equities


According to Achiievers Equities, crude oil gained fueled by optimism about the prospect of a tightening market after OPEC members agreed to cut production last week.

Russia says OPEC, non-OPEC countries to discuss oil cuts

06-12-2016| Source:PTI

The ministry told AFP that Russian Energy Minister Alexander Novak would be taking part in the meeting, which comes after Moscow said it was ready to reduce crude output by 300,000 barrels a day

Expect Crude Palm Oil to trade sideways: Angel Commodities


Angel Commodities report on Crude Palm OilCPO Futures trade on positive note on Monday tracking international prices and increase in tariff value by the government. The most active CPO Dec’16

Oil dips as OPEC joins Russia in upping output

06-12-2016| Source:Reuters

International Brent crude oil futures were trading at USD 54.55 per barrel at 0128 GMT, down 39 cents, or 0.7 percent, from their last close.

India's high oil demand adds to its weight in global mkt: Yergin  

06-12-2016| Source:CNBC-TV18

Co-operation between the OPEC members is very important to balance out the excess supply of crude in the world, says Daniel Yergin, Co-founder and Chairman of Cambridge Energy Research Associates

HPCL's Barmer refinery project stares at cost overrun

06-12-2016| Source:PTI

HPCL, in March 2013, had signed an MoU with the Rajasthan government for setting up the refinery-cum-petrochemical complex in the Thar desert near the oil discoveries made by Cairn India.

Oil tops $55 for 1st time in 16 months as OPEC deal fuels buying

05-12-2016| Source:Reuters

LONDON (Reuters) - Brent crude oil prices rose above USD55 a barrel on Monday, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark

Crude prices may stay range-bound, upside capped: IOC Chief  

05-12-2016| Source:CNBC-TV18

B Ashok, Chairman of IOC, does not agree that oil production cuts will spike up prices. Prices will at best be range-bound around USD 50 per barrel, he says.

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