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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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India to fill Mangalore strategic reserve with United Arab Emirates oil

India to fill Mangalore strategic reserve with United Arab Emirates oil

Wed, Jan 25, 2017

India signed a deal with the United Arab Emirates (UAE) on Wednesday that allows the Gulf nation to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi`s strategic reserve system.

MobiKwik registers 10 times growth in oil, gas sector

MobiKwik registers 10 times growth in oil, gas sector

Tue, Jan 17, 2017

Domestic mobile wallet major MobiKwik on Tuesday announced that it registered 10 times growth within the past week in transactions from the oil and gas sector.

India's 2016 Iran oil imports hit record-high trade

India's 2016 Iran oil imports hit record-high trade

Fri, Jan 13, 2017

India`s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.

Oil prices edge up despite unexpected U.S. crude inventory build

Oil prices edge up despite unexpected U.S. crude inventory build

Fri, Dec 30, 2016

Oil prices rose in early Asian trade on Friday shrugging off a second consecutive week of U.S. crude oil inventory builds, with a U.S. Energy Information Administration (EIA) report late on Thursday indicating an unexpected rise in crude stocks.

Oil prices fall on surprise build in U.S. crude stocks

Oil prices fall on surprise build in U.S. crude stocks

Thu, Dec 29, 2016

U.S. oil prices fell on Thursday following a surprise build in the country`s crude stocks shown in data published by the American Petroleum Institute (API) late on Wednesday.

Oil prices fall on rising U.S. crude stocks, OPEC output concerns

Oil prices fall on rising U.S. crude stocks, OPEC output concerns

Wed, Dec 14, 2016

Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.

Oil surges as non-OPEC, OPEC producers agree on output cuts; dollar strong

Oil surges as non-OPEC, OPEC producers agree on output cuts; dollar strong

Mon, Dec 12, 2016

Oil prices jumped more than 5% on Monday after OPEC and non-OPEC producers agreed to curb oil output and ease a global glut, while the US dollar extended gains ahead of an expected rate hike this week.

Oil markets jittery ahead of OPEC meeting later in day

Oil markets jittery ahead of OPEC meeting later in day

Wed, Nov 30, 2016

Oil markets were jittery on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.

Saudi oil minister says OPEC production cut 'imperative'

Saudi oil minister says OPEC production cut 'imperative'

Sun, Nov 13, 2016

"In this period marked by unstable oil prices it is imperative to reach a consensus between OPEC nations and to agree on an effective mechanism and precise figures to activate the historic Algiers accord," Faleh was quoted as saying by Algeria`s APS news agency.

Kuwait launches foreign bond sale to finance deficit

Kuwait launches foreign bond sale to finance deficit

Sun, Nov 06, 2016

Oil income contributed around 95 percent of public revenues in those years. During the past two years, oil has lost around 60 percent of its value.

Oil rises on reported US crude inventory draw, expected OPEC cut

Oil rises on reported US crude inventory draw, expected OPEC cut

Wed, Oct 19, 2016

Oil prices rose over 1% on Wednesday, lifted by a report of falling US crude inventories and an OPEC statement saying a planned production cut was achievable, but analysts warned that Chinese economic data could erode bullish momentum.

Oil edges up as analysts say market could be closer to balance than expected

Oil edges up as analysts say market could be closer to balance than expected

Tue, Oct 18, 2016

Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.

Oil prices dip but stay near 1-year highs on expected output cut

Oil prices dip but stay near 1-year highs on expected output cut

Tue, Oct 11, 2016

Oil prices jumped as much as 3 percent on Monday, with Brent hitting a one-year peak, after Russia and Saudi Arabia both said a deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members like Russia in curbing crude output was possible.

ONGC, Oil India making losses on natural gas production

ONGC, Oil India making losses on natural gas production

Sun, Oct 02, 2016

State-owned ONGC and Oil India are making losses on natural gas production after government cut rates for the fourth consecutive time to bring down selling price to below the cost of production.

Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices

Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices

Thu, Sep 29, 2016

WTI was trading around $47 a barrel, after gaining more than 5 percent on Wednesday on OPEC`s planned output cut. [O/R]

Global oil glut set to last at least until mid-2017: IEA

Global oil glut set to last at least until mid-2017: IEA

Tue, Sep 13, 2016

A global oil glut that has hurt producers but means cheaper pump prices for consumers looks set to go on at least six months longer than previously thought, the International Energy Agency said Tuesday.

Asian stocks at one-year high as soft US macro data quells Fed hike talk

Asian stocks at one-year high as soft US macro data quells Fed hike talk

Wed, Sep 07, 2016

The euro rose 0.96% against the dollar, the biggest daily gain in three months on Tuesday and last stood at $1.1247.

Trade deficit narrows to $7.7 billion despite nearly 7% decline in exports

Trade deficit narrows to $7.7 billion despite nearly 7% decline in exports

Fri, Aug 12, 2016

Exports in July 2016 declined by 6.84% to $21.6 billion (Rs 1.45 lakh crore) from $23.2 billion (Rs 1.48 lakh crore) in the same month a year ago.

IEA cuts oil demand forecast on Brexit impact

IEA cuts oil demand forecast on Brexit impact

Thu, Aug 11, 2016

The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.

Oil falls on oversupply as calls for producer talks draw scepticism

Oil falls on oversupply as calls for producer talks draw scepticism

Wed, Aug 10, 2016

"Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors," ANZ Bank said.

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