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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 markets cautious as OPEC cuts are met by rising U.S. output

Oil markets cautious as OPEC cuts are met by rising U.S. output

Tue, Nov 14, 2017

Oil markets were treading water on Tuesday, continuing the cautious trading seen over the last week as bullish factors such as ongoing OPEC-led production cuts and Middle East tensions are countered by rising U.S. output.

Oil prices steady near two-year high as supply cuts bite

Oil prices steady near two-year high as supply cuts bite

Tue, Oct 31, 2017

Oil prices were steady to slightly firmer on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent crude to more than two-year highs above $60 per barrel.

Oil prices fall on concerns of oversupply, low investment

Oil prices fall on concerns of oversupply, low investment

Wed, Aug 23, 2017

Oil prices fell early on Wednesday, squeezed between concerns of oversupply, sparked by rising Libya output, and fears of reduced future investment in the industry.

Oil could hit $60 before year-end -Barron's, citing Citi analyst

Oil could hit $60 before year-end -Barron's, citing Citi analyst

Mon, Jul 10, 2017

Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (OPEC) could push crude prices up to $60 a barrel before the end of the year, according to a report from Barron`s.

Crude oil prices firm, set for biggest weekly gain since mid-May

Crude oil prices firm, set for biggest weekly gain since mid-May

Fri, Jun 30, 2017

Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output.

Oil edges up, but set for worst H1 performance in 20 years

Oil edges up, but set for worst H1 performance in 20 years

Fri, Jun 23, 2017

Oil edged up on Friday, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts. Brent crude futures were at $45.31 per barrel at 0222 GMT, up 9 cents, or 0.2 percent, from their last close.

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices struggle on doubts OPEC can rein in oversupply

Thu, Jun 15, 2017

"Production growth in Libya and Nigeria and continued rig additions in U.S. are complicating the picture, raising doubts on OPEC`s strategy. For OECD inventories to return to the normalized levels, OPEC needs to drain by 34 million barrels a month or 1 million barrels for the next 10 months. This looks challenging," AB Bernstein said.

Oil falls as rising Libyan, U.S. output undermines cuts

Oil falls as rising Libyan, U.S. output undermines cuts

Wed, May 31, 2017

Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC-led production cuts aimed at tightening the market.

Strong start to summer driving season pushes U.S. oil towards $50

Strong start to summer driving season pushes U.S. oil towards $50

Tue, May 30, 2017

U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.

Oil falls as U.S. drilling undermines drive to tighten markets

Oil falls as U.S. drilling undermines drive to tighten markets

Mon, May 29, 2017

Brent crude futures were trading down 15 cents, or 0.3 percent, at $52.00 per barrel at 0253 GMT.

India could invest in Aramco IPO to strengthen ties

India could invest in Aramco IPO to strengthen ties

Tue, May 23, 2017

"I`m expecting Aramco to be a supplier for a very long time... We discussed the idea with (Saudi energy) minister (Khalid al) Falih in Houston this year. They (Aramco) are interested in the joint venture," Pradhan said in an interview.

GST: A complete guide on products and services getting cheaper or expensive from July 1

GST: A complete guide on products and services getting cheaper or expensive from July 1

Fri, May 19, 2017

In the 14th GST Council meet held at Srinagar, Jammu & Kashmir on May 18, 2017, the Council decided the tax rates for 1,211 items. Majority of the essential goods such as food grains and personal care products have been brought into a lower tax slab under GST.

Oil rebounds, as OPEC talks up cutting supply into 2018

Oil rebounds, as OPEC talks up cutting supply into 2018

Tue, May 09, 2017

Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.

Oil prices pinned near five-month low as supply glut weighs

Oil prices pinned near five-month low as supply glut weighs

Fri, May 05, 2017

"So far OPEC`s strategy to draw down inventories has not worked ... It seems obvious to us that OPEC will need to keep the cuts in place for longer than the next 6 months if their strategy is to have any chance of success," Neil Beveridge, senior oil and gas analyst at AB Bernstein in Hong Kong said in a note to clients on Friday.

India, Indonesia agree to oil, coal sectors cooperation

India, Indonesia agree to oil, coal sectors cooperation

Sat, Apr 22, 2017

Goyal and Indonesian Energy and Mineral Minister Ignasius Jonan met on April 20 during the first 'India Indonesia Energy Forum' held in Jakarta.

Crude oil eases for second day on rising U.S. inventories

Crude oil eases for second day on rising U.S. inventories

Thu, Apr 13, 2017

Crude oil futures slid for a second session on Thursday, moving away from a one-month high touched in the last session as rising U.S. inventories stoked worries about global oversupply.

Dollar extends gains after strong US data, Asia stocks subdued

Dollar extends gains after strong US data, Asia stocks subdued

Fri, Mar 31, 2017

Japan`s Nikkei jumped 0.5% after Japanese core consumer prices rose 0.2% in February.

India could join Asian nations in procuring LNG : Oil minister

India could join Asian nations in procuring LNG : Oil minister

Fri, Mar 24, 2017

India does not rule out the possibility of joining China, Japan and Korea to jointly buy liquefied natural gas (LNG) as part of efforts to extract better deals, Oil Minister Dharmendra Pradhan said on Friday. Pradhan said the market was gradually becoming more consumer-centric.

RIL's KG-D6 gas output drops to 9% of target: Pradhan

RIL's KG-D6 gas output drops to 9% of target: Pradhan

Mon, Mar 20, 2017

Reliance Industries' flagging KG basin D6 block has seen natural gas output slip further, leading the government to disallow USD 2.756 billion in cost, Oil Minister Dharmendra Pradhan said today.

Global oil supply may see potential shortage after 2020: IEA

Global oil supply may see potential shortage after 2020: IEA

Tue, Mar 07, 2017

Developing countries account for all of the growth and Asia dominates, with about seven out of every 10 extra barrels consumed globally.

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