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Nov 28, 2014 at 14:37 | Source: Reuters
Oil hit four-year lows around USD 70 a barrel, as OPEC resisted the temptation to cut back production following a more than 30 percent plunge in prices since June.
Nov 28, 2014 at 09:05 | Source: Reuters
By sticking to its output target of 30 million barrels per day, "OPEC is clearly signaling that it will no longer bear the burden of market adjustment alone and this decision puts the onus on other producers, especially US tight oil to adjust as well," Barclays analysts said in a note.
Nov 27, 2014 at 21:29 | Source: CNBC
Brent crude oil fell more than $3 to under $75 a barrel - a fresh four-year low - on news. Global oil prices have plunged since peaking in June, and Brent crude has lost around a third of its price from $115 a barrel.
Nov 27, 2014 at 20:32 | Source: Reuters
With markets sensing OPEC will keep its production unchanged despite huge global oversupply, the price of benchmark Brent crude oil fell USD 2 to a 50-month low under USD 76 a barrel.
Nov 24, 2014 at 13:00 | Source: Moneycontrol.com
Brent crude futures rose above USD 80.50 a barrel ahead of a meeting of the producer group OPEC at which an output cut will be discussed, while China's move to lower interest rates late last week also underpinned prices.
Nov 17, 2014 at 19:13 | Source: Reuters
BNP Paribas estimates that if oil stays around USD 80 a barrel for the next few years, producers in the Gulf, Russia, Latin American and Africa could see their ratings cut by between half a notch and two notches - far more if it sinks to USD 60.
Nov 17, 2014 at 08:26 | Source: CNBC
On Thursday, in its weekly inventory report, the US Department of Energy reported that oil production in the United States rose to its highest level in 29 years to just over 9 million barrels per day.
Nov 14, 2014 at 16:12 | Source: Reuters
The International Energy Agency, which typically refrains from predicting oil prices, said in its monthly report that prices could fall further in 2015 after declining to their lowest levels since 2010 below USD 80 per barrel.
Nov 14, 2014 at 11:00 | Source: Moneycontrol.com
Brent crude edged above USD 78 a barrel but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel OPEC would cut production at a meeting in two weeks.
Nov 13, 2014 at 12:47 | Source: Reuters
Global demand for oil from OPEC will drop to 29.20 million barrels per day (bpd) next year, almost 1 million bpd less than it currently produces, the cartel said in its monthly report.
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Libyan rebels agreed to open two of its ports for oil exports last week. The Es Sider and Ras Lanuf terminals have a capacity to export up to 560,000 barrels of oil a day, nearly half of the country`s oil exports.

3.54 PM Jul 8th

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Elsewhere, on the ICE Futures Exchange in London, Brent oil for August delivery shed 0.48%, or 53 cents, to trade at $109.71 a barrel, the lowest since June 11, as worries over potential supply disruptions in the Middle East continued to subside.

3.54 PM Jul 8th

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The American Petroleum Institute will release its inventories report later in the day, while Wednesday’s government report could show crude stockpiles fell by 2.7 million barrels in the week ended July 4.

3.53 PM Jul 8th

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New York-traded oil futures were likely to find support at $103.12 a barrel, the low from June 10 and resistance at $105.53 a barrel, the high from July 2.

3.53 PM Jul 8th

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On the New York Mercantile Exchange, crude oil for delivery in August dipped 0.11%, or 12 cents, to trade at $103.42 a barrel during European morning hours. Futures held in a range between $103.35 and $103.57 a barrel.

3.53 PM Jul 8th

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Source:NDTV Profit - Singapore: Brent crude slipped below $110 a barrel on Tuesday, trading close to its lowest in nearly a month, as fears of supply disruption in Iraq eased and prospects for a rise in Libyan exports improved. The benchmark is headed for a seventh

12.27 PM Jul 8th

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Modernisation of defense !!!! He can begin with rifling the barrel of the Revolver (.22) sold by Jabalpur Gun Factory. Antique technology - non effective at 30 feet.

1.32 PM Jul 7th

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Source:NDTV Profit - New Delhi: Essar Oil is operating its 400,000 barrels per day (bpd) refinery at Vadinar at half of its capacity due to repair works at a pipeline linked to its crude unit, a company spokesman said. The reduced throughput took place on Saturday and the

12.06 PM Jul 7th

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energy conference. Mr. Tanti estimates that wind will remain competitive as long as the price of crude oil remains above $40 a barrel. To remain competitive at prices below $40 a barrel, wind energy may require subsidies or carbon taxes on oil and other fossil fuels. Given current trends in energy

7.21 PM Jul 6th

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Crude Oil was down $0.71 to $103.77 per barrel. Natural Gas was up $0.01 to $4.36 per 1 million BTU. Gold was down $10.50 to $1,320.10 an ounce while Silver was down $0.13 to $21.17 an ounce. Copper was up $0.01 to $3.28 per pound.

7.24 PM Jul 4th

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