Dec 09, 2016 at 12:42 | Source: Moneycontrol.com
According to Achiievers Equities, Crude oil gained on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production.
Dec 09, 2016 at 08:18 | Source: Reuters
The note adds that cuts will be to varying degrees, but is likely to be larger to North America due to lower margins.
Dec 09, 2016 at 08:17 | 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 crude output further.
Dec 09, 2016 at 08:14 | 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.
Dec 08, 2016 at 13:52 | Source: Moneycontrol.com
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.
Dec 08, 2016 at 09:58 | 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.
Dec 07, 2016 at 15:07 | Source: Moneycontrol.com
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.
Dec 07, 2016 at 12:55 | 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 scrambled to produce.
Dec 07, 2016 at 12:02 | 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 supplies of cheap US shale oil to Asia, the world's biggest consumer region.
Dec 06, 2016 at 15:54 | 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.