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Oil

Oil prices to remain stable amid various crude supply options: Union Minister Hardeep Puri

Oil prices to remain stable amid various crude supply options: Union Minister Hardeep Puri

Tue, Nov 05, 2024

According to Puri, global oil supply continues to outpace demand, which should contribute to maintaining a stable market and prices in the foreseeable future.

Maharatna PSU Stocks to Buy: Check targets by brokerage firm HSBC

Maharatna PSU Stocks to Buy: Check targets by brokerage firm HSBC

Mon, Aug 26, 2024

PSU Stocks to Buy: These PSU stocks have given up to 130 per cent return in the last 1 year.

Will Palm Oil Prices Rise or Fall? Exclusive Interview with Dorab Mistry

Will Palm Oil Prices Rise or Fall? Exclusive Interview with Dorab Mistry

Wed, Aug 21, 2024

What is the latest outlook on palm oil? Know what will be the price of palm now? Will the prices of edible oil increase or decrease? How is the supply of oils compared to demand? What is the latest update on palm production? Watch Dorab Mistry's exclusive conversation with Mrituenjay Jha.

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Oil hits highest since late 2014 on U.S. crude inventory drop, weaker dollar

Oil hits highest since late 2014 on U.S. crude inventory drop, weaker dollar

Thu, Jan 25, 2018

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

Russia may back Aramco IPO, enhance OPEC ties

Russia may back Aramco IPO, enhance OPEC ties

Tue, Jan 23, 2018

Sources told Reuters last year Chinese state oil companies were willing to become cornerstone investors in the Aramco IPO which could become the world`s biggest, valuing the firm at up to $2 trillion and raising more than $100 billion.

India sees scope for more integration among state energy companies

India sees scope for more integration among state energy companies

Tue, Jan 23, 2018

ONGC`s purchase of a majority stake in HPCL is expected to close by the end of this month and Pradhan said there was a possibility to combine HPCL with ONGC`s petrochemical projects and its refining arm Mangalore Refinery and Petrochemicals Ltd.

India's oil ministry seeks cut in excise duty on petrol, diesel in budget

India's oil ministry seeks cut in excise duty on petrol, diesel in budget

Mon, Jan 22, 2018

India`s oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday.

Modi invites Israeli defence companies for co-production

Modi invites Israeli defence companies for co-production

Mon, Jan 15, 2018

The two countries also inked 9 pacts to boost cooperation in key areas such as cyber security and gas and oil

Oil near three-year highs on output cuts despite rising North American rig count

Oil near three-year highs on output cuts despite rising North American rig count

Mon, Jan 15, 2018

Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.

Oil dips away from levels last seen in late 2014, but analysts say market supported

Oil dips away from levels last seen in late 2014, but analysts say market supported

Fri, Jan 12, 2018

Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.

Global Markets: BoJ's tweak buoys yen, stocks rally rumbles on

Global Markets: BoJ's tweak buoys yen, stocks rally rumbles on

Tue, Jan 09, 2018

A tweak to the Bank of Japan’s bond-buying programme caused the yen to rise on Tuesday, while gains from commodity stocks as oil hit its highest since 2015 helped world shares maintain their flying start to the year.

Global Markets: Oil, metals rally supports Asian stocks, dollar steady

Global Markets: Oil, metals rally supports Asian stocks, dollar steady

Wed, Dec 27, 2017

A rally in commodities prices to multi-year peaks pushed resource-linked stocks and currencies higher in Asia on Wednesday, as bullish views on Chinese demand helped copper while supply concerns propped up oil.

Oil rises on UK pipeline outage but US supply caps gains

Oil rises on UK pipeline outage but US supply caps gains

Tue, Dec 19, 2017

Oil edged up towards $64 a barrel on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and jitters about threats to Middle East supplies after a missile was fired by a Yemeni group at the Saudi capital.

Oil gains on pipeline outage tempered by robust U.S. output

Oil gains on pipeline outage tempered by robust U.S. output

Mon, Dec 18, 2017

Oil prices edged higher on Monday, supported by a North Sea pipeline outage and a workers` strike in the Nigerian energy industry. Still, growth in U.S. crude output cast a shadow over the market and continued to cap gains.

Brent crude prices near 2015 high after North Sea pipeline disruption

Brent crude prices near 2015 high after North Sea pipeline disruption

Tue, Dec 12, 2017

Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC-led production cuts.

Oil edges higher, anticipating another drawdown in U.S. stocks

Oil edges higher, anticipating another drawdown in U.S. stocks

Tue, Dec 05, 2017

Oil edged higher on Tuesday, supported by strong demand, expectations of a drop in U.S. crude inventories and an OPEC-led deal to extend oil output cuts.

Oil prices fall after US drillers add rigs

Oil prices fall after US drillers add rigs

Mon, Dec 04, 2017

The latest agreement allows for producers to exit the deal early if the market overheats. Russian officials had expressed concern that extending the output cuts might encourage rival U.S. shale oil firms to pump more crude.

U.S. oil steady after OPEC extension of production cut

U.S. oil steady after OPEC extension of production cut

Fri, Dec 01, 2017

U.S. oil held steady on Friday after OPEC and other major producers agreed to extend production curbs in a widely expected move aimed at ending a persistent glut in global supplies.

Oil drops for third day, awaiting OPEC decision

Oil drops for third day, awaiting OPEC decision

Thu, Nov 30, 2017

Oil prices dipped on Wednesday in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC`s meeting in Vienna, as members debate the path for an extension of the group`s supply-cut agreement.

Oil prices fall on uncertainty over OPEC output cuts, pipeline restart

Oil prices fall on uncertainty over OPEC output cuts, pipeline restart

Tue, Nov 28, 2017

Oil prices slipped in early Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.

Oil prices firm on expected OPEC cut extension

Oil prices firm on expected OPEC cut extension

Wed, Nov 22, 2017

Oil prices firmed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led production cut aimed at tightening the market will be extended beyond March 2018.

Oil steady as expected output pact extension offsets US supply

Oil steady as expected output pact extension offsets US supply

Thu, Nov 16, 2017

Oil prices steadied on Thursday as traders looked ahead to the OPEC meeting at the end of this month, when producers are expected to extend output cuts, sheltering prices from the impact of rising U.S. crude production and inventories.

Global vehicle sales to fall by 2040, but oil demand to rise, study predicts

Global vehicle sales to fall by 2040, but oil demand to rise, study predicts

Tue, Nov 14, 2017

Global vehicle sales will decline over the next two decades as consumers embrace on-demand ride services like Uber, but demand for oil will keep rising, according to a study released Tuesday.

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