Page 18 - Crude Oil Prices
Bracing against Brent
It is time for India to be imaginative about its energy strategy
 "Bracing against Brent")
Global oil mkt well supplied, crude price to remain at $60/bbl: IEA chief
"Oil prices rising to triple digits, as some are people saying, is not something that I believe in," says International Energy Agency's Fatih Birol
 "Global oil mkt well supplied, crude price to remain at $60/bbl: IEA chief")
Oil prices ease as focus shifts from Iran tensions to US crude build
JPMorgan analysts maintained their forecast for Brent to average $64.50 a barrel this year
 "Oil prices ease as focus shifts from Iran tensions to US crude build")
Budget maths won't be hit if oil is below $70 a barrel, say analysts
Oil sank to the lowest level in a month after shedding all of its gains from the US-Iran clash
 "Budget maths won't be hit if oil is below $70 a barrel, say analysts")
On hopes of US-Iran de-escalation, Sensex soars 634 points, oil cools off
Standard gold falls over 2.4% to Rs 39,772, biggest drop since Oct 2016
 "On hopes of US-Iran de-escalation, Sensex soars 634 points, oil cools off")
US-Iran crisis: Petrol prices up 15 paise, diesel by 17 paise; crude at $70
US President Donald Trump on Sunday warned of a "major retaliation" against Tehran after it threatened revenge for the killing
 "US-Iran crisis: Petrol prices up 15 paise, diesel by 17 paise; crude at $70")
US attack on Qassem Soleimani to hit India's economic recovery, say experts
Brent Crude Futures surged over 3 per cent to trade at $68.25 per barrel-mark. The West Texas Intermediate, too, gained 2.71 per cent to $62.84 per barrel.
 "US attack on Qassem Soleimani to hit India's economic recovery, say experts")
Oil slumps 2.5% on oversupply fears, US-China trade talk concerns
OPEC and its allies will consider whether to deepen cuts to crude supply when they next meet in December
 "Oil slumps 2.5% on oversupply fears, US-China trade talk concerns")
Crude oil prices may rise further in 2018, remain above $75 a barrel: IEA
This comes at a time when international benchmark Brent crude price was seen at $77.38 a barrel on Thursday
 "Crude oil prices may rise further in 2018, remain above $75 a barrel: IEA")
Crude reality for Indian investors
Primary producers like ONGC and OIL are not allowed to maximise profits when prices are high. Downstream, refiners and marketers are not allowed to maximise profits when prices are low
Shortfall in crude supply may lead to oil crossing $150 a barrel: Experts
Exxon Mobil Corp was punished by shareholders earlier this year after compounding disappointing results with a massive spending plan and a lack of buybacks
 "Shortfall in crude supply may lead to oil crossing $150 a barrel: Experts")
Oil dips on fresh US crude output record, lower China refining activity
US crude output has risen by almost 30 percent in the last two years, and it is now close to top global producer Russia
Crude oil prices dip due to record rise in US output, higher OPEC supplies
Saudi Arabia, effective leader of the OPEC and Russia have discussed boosting output to compensate for supply losses from Venezuela
 "Crude oil prices dip due to record rise in US output, higher OPEC supplies")
Why India is more vulnerable than other nations to global crude movements
Weakness in rupee and India's heavy dependence on oil import are seen as key reasons for the unabated price hikes at home
Indian fuel prices fourth highest among top 10 crude oil consuming nations
All countries have access to the same global price for crude oil, but retail prices in each depend on taxes
 "Indian fuel prices fourth highest among top 10 crude oil consuming nations")
Dependence on crude oil import rises under four years of Modi govt
This comes at a time when the government is reportedly planning a 'windfall tax' on oil producers
 "Dependence on crude oil import rises under four years of Modi govt")
Crude oil price rise could moderate later, suggests Spanish survey
Prices could average $66.5 a barrel in Oct-Dec
 "Crude oil price rise could moderate later, suggests Spanish survey")
Statsguru: Global crude oil prices rise as tension in West Asia escalates
World oil demand is expected to rise by 1.63 million barrels per day (mb/d), reaching 98.7 mb/d in 2018
 "Statsguru: Global crude oil prices rise as tension in West Asia escalates")
A suitable price for crude is $60 to $65 a barrel, says Iran's oil minister
Brent crude futures surged to almost $75 a barrel on Friday as traders braced for the possible re-imposition of US restrictions on Iran
 "A suitable price for crude is $60 to $65 a barrel, says Iran's oil minister")
Crude oil holds the key
If prices mitigate, oil marketing companies might become investment-worthy again
