Oil Markets

OPEC+ confronts the next stage in battle for oil market share

Saudi Arabia and its partners have yet to decide how to proceed after completing the fast-tracked addition of 2.5 million barrels a day that was finalized at its previous gathering

US 10-year yield: Trump 2.0’s favourite metric – What it means for the markets

While lower treasury yields are positive for USD/INR & Indian equities, there is a risk that if trade/investment related uncertainty extends equity markets can be negatively impacted

Oil Markets: OPEC+ faces an internal foe in 2025 — Kazakhstan

The cartel will find one of its members chafing even more than usual against oil production quotas

Oil markets shrug off Russian political turmoil

Both Brent and WTI prices fell by about 3.6% last week on worries that further interest rate hikes by the U.S. Federal Reserve could sap oil demand at a time when China's economic recovery has also disappointed investors.

Russia Ukraine conflict: India must watch out for its own interests

Oil shocks, disruption in imports of weapons and technology and exports of tea and medicines, opportunistic neighbours, and other dangers to watch out for as the situation escalates over 4,000 km away.

Oil market 'responding positively' to output cut: OPEC president

OPEC and non-OPEC producers led by Russia agreed in December to cut output by nearly 1.8 million barrels per day, initially for six months, starting from the beginning of this year.

COMMENT: OPEC cuts add to India's economic stress after demonetisation

Rising oil inventory and stressed financials was the driving force that pushed the Organisation of Petroleum Exporting Countries (OPEC) to see reason in cutting production. The oil industry was literally running out of storage space and had to act fast on cutting production.

OPEC oil cut, if it comes, more face-saver than meaningful: Pros

The Organization of the Petroleum Exporting Countries said in September it hoped to cut oil output to 32.5-33.0 million barrels per day from a record 33.64 million bpd to reduce a global supply overhang and bolster prices.

As OPEC price hike looms, Asia's oil buyers may shop elsewhere

The Organization of Petroleum Exporting Countries (OPEC) meets on Wednesday to hammer out a deal to prop up prices that have halved since 2014. As they gather, tanker shipments to Asia from non-OPEC sources like Alaska, Azerbaijan, and the North Sea are growing, according to shipping data in Thomson Reuters Eikon.

Saudi Arabia, Russia sign oil pact, may limit output in future

The joint statement was signed by the country's energy ministers in China on the sidelines of a Group of 20 summit and followed a meeting between Russian President Vladimir Putin and Saudi Deputy Crown Prince Mohammed bin Salman.

Oil glut to ease by 2017, clean energy investment to rise

The head of the Paris-based agency also exchanged views on the direction of the world's energy markets in the wake of the renewed commitment to tackle climate change after last year's Paris climate talks with energy minister Joo Hyung-hwan, South Korea's Energy Ministry said in a statement on Thursday.

OPEC deal a tough task, as oil output freeze expectations rise

Riyadh sharply raised expectations for a global production deal between on Thursday when Energy Minister Khalid al-Falih said Saudi Arabia will work with OPEC and non-OPEC members to help stabilise oil markets.

IEA sees oil mkts slowly tightening after months of oversupply

The IEA, in its monthly report, forecast a healthy draw in global oil stocks in the next few months that would help ease a glut that has persisted since 2014 on the back of rising OPEC and non-OPEC supply.

IEA sees US oil output collapsing next year on low prices

The IEA, which advises the world's biggest economies on energy policy, said global oil demand was poised to climb to a five-year high this year thanks to lower prices.

Oil prices rise more than $1 as equities rally

World stock markets rallied on Thursday as Chinese shares recovered on hopes that government measures to stimulate the economy would pay off, while the dollar also rallied as risk aversion eased.

Brent, US oil mark fresh 6-1/2-yr lows on China, oversupply

Other commodities also hit fresh lows in early Asian trading as fears spread that a more severe slowdown in China would pull down other economies in the region, denting energy and raw material consumption.

Oil dips further after US stockpile, Saudi export rise

US West Texas Intermediate (WTI) crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.

Why oil may not get the cure it needs: Analyst

US production needs to fall by as much as 1 million barrels per day (bpd) for the US to balance markets, according to IHS. But such a move would require US crude to trade at or below USD 45 a barrel for two consecutive quarters, and Webster doesn't see that happening.

Brent inches up above $50 ahead of US oil stocks data

Oil markets paused for a breather after prices tumbled about 20 percent in July because of a supply glut.

Oil tumbles in Asia as Greek vote shakes world markets

Greek voters overwhelmingly rejected the bailout terms demanded by international creditors, with official figures from Sunday's referendum showing 61.31 percent voting "No" and 38.69 percent voting "Yes".

Europe shares set for worst week of 2015

The pan-European FTSEurofirst 300 index was down 0.7 percent in early trading as euro zone bond yields rose, especially on the bloc's periphery, and the euro consolidated a week of hefty gains.

Could OPEC be ready for a production hike?

The organization currently accounts for around 40 percent of global crude production and has a goal of producing 30 million barrels a day. Analysts are widely expecting no change to this target at tomorrow's OPEC meeting in Vienna but some ministers haven't ruled out an alternative scenario.