Jan 20, 2017 at 08:30 | Source: PTI
Speaking at the World Economic Forum at the Swiss ski resort of Davos, Khalid al-Falih said producers have gone "extra miles" and the majority have exceeded their agreed cuts.
Jan 19, 2017 at 18:13 | Source: Moneycontrol.com
Countries complying with the Opec and Non-Opec countries' agreement is also going to decide crude prices. He says most countries have cut output by around 2.5-4 percent, but only time will tell if they continue to do so over a long period of time.
Jan 19, 2017 at 12:51 | Source: Reuters
Since late November, major oil companies have announced 11 deals worth more than USD 500 million each with a combined value of USD 31 billion, the clearest sign yet that oil executives are more confident a recovery is underway.
Jan 19, 2017 at 08:26 | Source: Reuters
Sentiment in oil markets has been torn between expectations of a rebound in US shale production and hopes that oversupply may be curbed by output cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and others.
Jan 17, 2017 at 16:12 | Source: Reuters
The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers began to implement their agreed production cuts from January to reduce global oversupply.
Jan 17, 2017 at 08:53 | Source: CNBC
China, Indonesia, Malaysia and Thailand are among the biggest producers in Asia but the near having of crude oil prices since 2014 has hit the industry and resulted in an annual average base decline rate of around 7 percent within existing oil fields, Rodger pointed out.
Jan 14, 2017 at 12:32 | Source: Reuters
Under the accord, the Organization of the Petroleum Exporting Countries and Russia and other non-members of the producer group will curtail oil output by nearly 1.8 million bpd, initially for six months.
Jan 13, 2017 at 12:59 | Source: Reuters
The Organization of the Petroleum Exporting Countries is planning to cut its output by 1.2 million barrels per day to 32.50 million bpd from Jan. 1. Russia and other non-members are planning to cut about half as much.
Jan 12, 2017 at 11:19 | Source: Moneycontrol.com
Oil Country Tubular Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 09, 2017, to consider and take on record the Unaudited Financial Results of the Company for the 3rd Quarter ended December 31, 2016.
Jan 12, 2017 at 08:01 | Source: CNBC-TV18
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