SENSEX NIFTY

Opec

May 03, 2016 at 07:47 | Source: CNBC-TV18
Oil prices lost ground overnight, with Reuters reporting OPEC production was near all-time peaks.
May 02, 2016 at 10:46 | Source: Reuters
Brent was trading at USD 46.77 per barrel at 0440 GMT, down 60 cents, or 1.3 percent, from its last settlement. US crude was down 48 cents, or just over one percent, at USD 45.44 a barrel.
Apr 29, 2016 at 20:57 | Source: Reuters
Two European refiners are set to receive their first oil cargoes from Iran since international sanctions were lifted in January against the country, which is ramping up crude exports in a battle to take back market share.
Apr 29, 2016 at 08:12 | Source: Reuters
International benchmark Brent crude futures were trading at USD 47.69 per barrel at 0101 GMT, down almost half a dollar and a percentage point from their last close.
Apr 27, 2016 at 16:40 | Source: CNBC
Brent crude futures were up USD 1.02 at USD 46.76 a barrel by 6:56 am ET (1256 GMT), having earlier hit a 2016 high of USD 47.05. The international benchmark has risen nearly 20 percent in April for its largest one-month gain in a year.
Apr 26, 2016 at 07:56 | Source: PTI
Brent North Sea crude for June sagged 26 cents to USD 44.85 per barrel compared with Friday's close.
Apr 22, 2016 at 10:56 | Source: PTI
The exporting group's Secretary-General Abdalla El-Badri said it could revive the discussion among members and hold further talks with non-members. OPEC holds its next twice-yearly meeting on June 2.
Apr 22, 2016 at 08:24 | Source: Moneycontrol.com
Remain highly skeptical of this sanguine view on oil with the base case here that oil will re-visit the USD 20 level, sooner or later in the absence of an effective OPEC instigated production freeze, says Chris Wood of CLSA.
Apr 21, 2016 at 14:09 | Source: CNBC-TV18
David Lennox, Analyst at Fat Prophets, expects Brent to move towards USD 60 per barrel going ahead.
Apr 21, 2016 at 12:19 | Source: Reuters
The IEA's chief Fatih Birol said on Thursday that low oil prices had cut investment by about 40 percent in the past two years, with sharp falls in the United States, Canada, Latin America and Russia.
Messages on Opec »

Avinash.24

Gold Member

211 Followers

SpiceJet  

Unsatisfied With Oil Prices, Iraq Calls For New OPEC Meeting http://oilprice.com/Energy/Oil-Prices/Unsatisfied-With-Oil-Prices-Iraq-Calls-For-New-OPEC-Meeting.html

about 3 hrs 15 min 52 sec ago

Investor100
0

Platinum Member

681 Followers

Selan Explore  

I do not know whether 100 $ will cross or not. It is known to OPEC countries. What there plan? Whether 100 $ or 140$? However, it is clear that they will not sell at lower price. Oil discoveries and oil exploration are very difficult and costly. So why anybody will sell at lower price?

9.25 PM Feb 22nd

vinci270174

Gold Member

161 Followers

SpiceJet  

After the Feb series expiry, crude once again lower....All the bullish rhetoric of OPEC notwithstanding...

8.03 PM Feb 22nd

Investor100
0

Platinum Member

681 Followers

Selan Explore  

Crude oil price is at near 57 $. OPEC has further planned for other countries to join production cut. It is expected that due efforts by OPEC, crude oil price may cross 100 $. Even US will get benefit due to crude oil price rise. So US want crude oil price high. US can also participate

10.07 AM Feb 22nd

vinci270174

Gold Member

161 Followers

SpiceJet  

If you track oil in the last few weeks, it is struggling to go above 56 - 57 levels inspite of the extreme bullish rhetoric from OPEC....Every $ rise for oil is now becoming more and more difficult to sustain in the face of resurgent shale...So, it is a very slow grind higher (which I anyway doubt

8.58 PM Feb 21st

fibonachi13
5

New Member

70 Followers

SpiceJet  

crux of the matter is that 90 per cent opec compliance is being balanced by ever increasing us shale production...

5.22 PM Feb 20th

fibonachi13
5

New Member

70 Followers

SpiceJet  

The resurgence of U.S. shale will undermine the OPEC-fueled price rally, capping oil prices at roughly $50 per barrel through 2017. That is the conclusion from the EIA`s latest Short-Term Energy Outlook, which forecasts WTI to average $50.66 per barrel and Brent to average just $51.66 per barrel

2.21 PM Feb 20th

Psychology1
23

Silver Member

18 Followers

SpiceJet  

Yes looks pretty good for a breakout now. 3 month consolidation in the range 54-57$. Needs some trigger from OPEC or China demand, which are already giving good signs. Fwd looking contracts data in shipping/container suggests that demand is likely to go up strongly by June, more supply

12.34 PM Feb 20th

taxreport

Gold Member

35 Followers

SpiceJet  

for oil made U.S. oil companies better. The cost of producing shale has been cut in half in the last two years. Now, U.S. oil companies can offset nearly half of OPEC production cuts, and do so at a nice profit margin. Where three years ago, it cost ~$60 to produce a barrel of Bakken oil that would sell

12.06 PM Feb 20th

dangle

New Member

0 Follower

Jindal Drilling  

As crude prices are moving new high as per reports from opec some exploration companies can do better this quarter expectign hpcl and ioc can best buy for this quartere also bpcl and igl and pertonnet looks goods including guj gas

10.12 AM Feb 20th

News across the web »
Feb 22, 2017 at 06:45 | Source: FirstPost
Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.