Fuel prices head north as global crude jumps 2%
Rates of petrol and diesel, already at a 13-month high, are poised to rise further.
Monday mayhem: Rs 3,00,000 cr gone, thanks to Trump’s muscle flexing
Financial stocks took a hard knock in Monday's trade. As many as 37 of 4...
Soleimani’s killing and its impact: HPCL Chairman sees crude cooling down if Iran doesn’t strike big
Increased risk perception, efforts at sh...
US shale producers to tap brakes in 2020 after years of rapid growth
Some analyst forecasts for next year call for growth to slow, potentially to a rate of just 100,000 new bpd.
Opec’s output cut to have muted impact
A $10 increase in global crude oil prices shaves off India's GDP by up to 30 bps.
Opec+ deal isn't worth the paper it's written on
Opec cut their output target by a further 500,000 barrels a day for the first quarter of 2020.
OPEC countries, Russia to cut oil output, pushing up prices
The group decided to cut output by an extra 500,000 barrels a day as they try to support the price of energy and bolster their revenues. But the decision was not easy: they do not want to hand over too much business to the United States, which keeps pumping more oil and flooding the market.
20% of oil supply to be disrupted if Iran closes Straits of Hormuz: Mriganka Jaipuriyar, S&P Global Platts
If Iran does take the conflict to the next level, there would be attacks on tankers. The Saudi attack depends on the extent to which Iran retaliates and the steps that Iran will take. Shutting down the Strait of Hormuz is an extreme situation. But 20 million barrels per day of disruption would not be easy to replace at all.
View: Opec+ is on track to hibernate
Opec+ will risk a period of price weakness that they believe will be short-lived.
Trade deal boost tapering off for crude oil market
Rig count is the US increased by 18, first double-digit increase in eight months.
OPEC’s oil surprise came as skeptics were doubting price rise
Money managers “didn’t know that this OPEC decision was coming,” Rob Haworth, who helps oversee about $150 billion at U.S. Bank Wealth Management in Seattle, said Friday. “They have yet to price in the OPEC+ decision today.”
Oil ends week steady as China growth offsets trade deal optimism
Brent crude futures were up 44 cents at $65.06 by 1014 GMT.
Saudis offer carrot and stick to get Opec to defend oil prices
The potential reward for complying: Riyadh will lead the way in deepening curbs.
Oil companies' shares fall on OPEC output cut buzz
Shares of Indian Oil Corporation were down by 0.23 per cent to Rs 125.70 apiece.
Oil rises after US-China deal, IEA forcast limits gains
US crude was up by 22 cents, or 0.4 per cent, at $58.03 a barrel.
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