Page 5 - Crude Oil Supply

Oil hits 11-month high near $57 a barrel on tight supply expectations

Saudi Arabia plans to cut output by an extra 1 million barrels per day (bpd) in February and March to keep inventories in check

Delaying production? OPEC plots next move amid seismic oil market divide

The east-west divide is an added conundrum for OPEC+, which on Monday and Tuesday needs to decide whether to delay a production increase slated for January -- and if so, for how long

Opec, allies face seismic demand split; plan to extend output cuts

Bloc set to meet virtually to address key concerns on the back of a disastrous yr

Oil slips from 7-month high on signs of more supply, demand doubts

But Brent was down 81 cents, or 1.7%, at $47.80 a barrel by 1256 GMT on Thursday, having dropped as much as $1

Brazil soars to China's No. 3 crude oil supplier in Sept, overtakes Iraq

Saudi Arabia regained the top spot in China's oil purchases last month after losing that rank to Russia for the previous two months, data showed

Oil prices slip on rising coronavirus cases, oversupply and demand concerns

COVID-19 cases topped 40 million on Monday, according to a Reuters tally, with a growing second wave in Europe and North America sparking various degrees of lockdown measures

Oil drops second day as surging coronavirus cases prompt demand worries

CEOs of the world's biggest trading companies are forecasting a weak recovery for oil demand and little movement in prices

India's June crude oil imports lowest in over 5 yrs; exports fall

Fuel demand in India, the world's third-biggest oil importer and consumer, fell 7.8% in June

Oil pips $40 for first time since March on OPEC cuts, demand recovery seen

Brent has more than doubled after hitting a 21-year low below $16 in April, when U.S. crude went negative

Global oil prices fall to 2002 low; petrol, diesel rates unchanged in India

Petrol and diesel prices in India, however, remained on freeze for the 14th day in a row

Coronavirus impact: The world is running out of places to store its oil

This chaotic mismatch in supply and demand has benefited consumers, who have watched gasoline prices slide lower

Petrol, diesel consumption likely to burn out on coronavirus heat

Petrol, diesel consumption to drop, rise in stockpile likely

As coronavirus destroys fuel demand, global refiners consider cuts

Gasoline demand in the United States, the world's largest oil consumer, is plunging. International flights are being grounded worldwide, slamming jet fuel demand

Aramco to boost crude supply to 12.3 mn bpd, escalate price war with Russia

The world's biggest crude exporter has been pumping some 9.8 million bpd which means it will be adding at least 2.5 million bpd from April

Many (new) avatars of energy (in)security

On all four dimensions, there are either new complications for old concerns or emerging anxieties in an energy transition.

Global oil market well supplied; see no reason for spike in prices: IEA

Oil prices in 2019 remained around $60 per barrel despite attack on Saudi Aramco's oil facilities, Iran oil going out of market and collapse of major oil producer Venezuela

The brave new world of ample oil

The shift from scarcity to abundance has been brought about in an astonishingly short time by America's "fracking" revolution, leading to massive benefits for consuming countries

Saudis defer LPG flow: India scrambles to meet peak festive season demand

India, the world's second-largest LPG importer, gets about half of its requirements from foreign suppliers

Saudi oil attacks: Logistics cost a concern as India looks to Russia, US

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's Chief Executive Office Igor Sechin and discussed raising crude imports from that country

Letter to BS: Oil supply, price after Aramco attack a cause for concern

Impact might be felt across the economy starting with agriculture, small, medium and village industry, and retail trade adversely impacting the gross domestic product