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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.

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

06-12-2016| Source:Moneycontrol.com

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

06-12-2016| Source:Moneycontrol.com

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

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