Oct 13, 2015 at 14:48 | Source: CNBC-TV18
Vandana Hari, Asia Editorial Director of Platts is not surprised at the IEA forecast of slower oil demand growth and says it was expected because the IEA usually goes by the forecast on economic outlook, which the IMF, ADB has lowered in the recent times.
Oct 13, 2015 at 14:23 | Source: Moneycontrol.com
Alphageo (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 13, 2015, has :
1. Approved the issue of 8,30,000 Warrants at a price not less than the price determined as per SEBI (ICDR) Regulations, 2009 to Promoters and Promoter Group on preferential basis.
Oct 13, 2015 at 14:02 | Source: Moneycontrol.com
Singh added that the airline company will be able to sustain high occupancy. However, lower crude price has aided the company which was struggling for existence in December last year.
Oct 13, 2015 at 14:01 | Source: CNBC
According to the IEA's latest monthly market report for October, global demand growth is expected to slow from its five-year high of 1.8 million barrels a day (mb/d) in 2015 to 1.2 mb/d in 2016 "closer towards its long-term trend as previous price support is likely to wane," the IEA said.
Oct 13, 2015 at 12:20 | Source: Moneycontrol.com
According to Sushil Finance, expect crude oil prices to trade negative on the back of profit booking after sharp rise in prices.
Oct 13, 2015 at 09:44 | Source: CNBC-TV18
Manish Sonthalia of Motilal Oswal Asset Management is bullish on oil marketing companies and rates BPCL and HPCL among his top picks. He says he is not bullish on upstream companies like ONGC as he feels crude prices will remain in a band between USD 40-70 for a considerable period of time.
Oct 13, 2015 at 08:16 | Source: Reuters
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.2 percent in early trade from their two-month high touched on Monday, though it was still up 8.6 percent so far this month. Japan's Nikkei fell 0.6 percent.
Oct 12, 2015 at 22:00 | Source: PTI
The state-run Kuwait News Agency also quoted al-Omair as saying Kuwait's production now stood at 3 million barrels of oil a day and that any US decision to export crude oil wouldn't have an impact on Kuwait.
Oct 12, 2015 at 10:41 | Source: PTI
Both main crude contracts have rallied since hitting six-year lows in late August, with last week seeing healthy rallies in line with global equities on easing expectations the US Federal Reserve will hike borrowing costs this year, pushing the dollar lower. A softer dollar makes dollar-priced oil cheaper, spurring demand.
Oct 12, 2015 at 07:56 | Source: Reuters
US drillers removed nine oil rigs in the week ended October 9, bringing the total rig count down to 605, oil services company Baker Hughes Inc said late on Friday.