Page 23 - Crude Oil
Oil prices slip for fifth consecutive day lower after US stockpile build
Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in US crude and fuel inventories, while the ever-present pandemic clouded the demand outlook
 "Oil prices slip for fifth consecutive day lower after US stockpile build")
Oil climbs as drop in US crude stocks outweighs European vaccine woes
Brent crude futures rose 35 cents, or 0.5%, to $68.74 a barrel, after initially falling as much as 27 cents
 "Oil climbs as drop in US crude stocks outweighs European vaccine woes")
Crude oil coming out of ground in few villages in Meghalaya: Congress MLA
A Congress MLA on Wednesday told the Meghalaya Assembly that some people in his constituency are claiming that crude oil is coming out of the ground in a few villages
 "Crude oil coming out of ground in few villages in Meghalaya: Congress MLA")
Oil slips to $68 as rally fizzles out before US supply report
NEW YORK (Reuters) - Oil fell to around $68 a barrel on Tuesday in a choppy session, as easing concerns of a supply disruption in Saudi Arabia and U.S. dollar strength countered the prospects for tighter supply due to OPEC+ output curbs.
Oil surges after OPEC+ decide not to increase supply, strong US jobs growth
Brent futures rose $2.62, or 3.9%, to settle at $69.36 a barrel. The session high for the global benchmark was its highest since January 2020
OPEC+ are considering oil output roll over for April: Report
OPEC+ ministers hold a full meeting on Thursday
In oil-rich Iraq, a few women buck norms, don hard hats at rig sites
The women, both 24, are among just a handful who have eschewed the dreary office jobs typically handed to female petroleum engineers in Iraq
 "In oil-rich Iraq, a few women buck norms, don hard hats at rig sites")
Oil holds near year-long highs as Covid-19 lockdowns seen easing
NEW YORK (Reuters) - Oil prices were steady on Tuesday, trading close to more than year-long highs on signs that global coronavirus restrictions were being eased although concerns about the pace of a U.S. economic recovery and the return of Texas oil production kept gains in check.
How an Arctic blast in Texas is fast becoming a global oil market crisis
More than 4 million barrels a day of output -- almost 40 per cent of the nation's crude production -- is now offline
 "How an Arctic blast in Texas is fast becoming a global oil market crisis")
Oil jumps $1/bbl as Texas freeze shut production, prompts US output drop
Oil has been supported by OPEC+ supply curbs, Saudi Arabia's additional cuts and hopes of a demand rebound due to COVID-19 vaccinations
Don't regulate crude oil production and raise prices, Pradhan urges OPEC
Petrol crosses Rs 100 a litre in Rajasthan's Sriganganagar
 "Don't regulate crude oil production and raise prices, Pradhan urges OPEC")
Oil prices rise on fears of heightened tensions between Saudi Arabia, Yemen
Hopes for more U.S. stimulus and an easing of coronavirus lockdowns helped support the rally, after prices gained around 5% last week
Asian fuel oil margin hits a year high, supply tightness to persist in 2021
The front-month VLSFO margin was at $15 per barrel above Dubai crude on Tuesday, its highest since Feb. 20 and up from $11.75 a barrel at the start of the year, according to Refinitiv data in Eikon
 "Asian fuel oil margin hits a year high, supply tightness to persist in 2021")
Oil drops after strong rally, demand hopes, vaccine roollout limit losses
Crude stocks last week fell for a third straight week, dropping 6.6 million barrels to 469 million barrels, their lowest since March
Despite surge, India face no change in crude prices from Saudi Arabia
The oil diplomacy by India has paid dividend with world's largest oil producer Saudi Arabia deciding against raising crude supplies for March delivery to Asian consumers
Oil prices reach highest in a year on US growth optimism, supply restraint
Brent crude futures climbed 45 cents, or 0.8%, to $59.28 a barrel, after hitting a high of $59.32, its highest since Feb. 20 last year. Brent is on track to rise 6% this week
Bulls lift indices to new closing peak; Sensex up 458 pts; pharma stks gain
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
 "Bulls lift indices to new closing peak; Sensex up 458 pts; pharma stks gain")
Hit by Covid-19 pandemic, oil giants Exxon, BP post huge 2020 losses
Exxon Mobil Corp. reported the largest losses in its history nearly $20.1 billion for the fourth quarter, including more than $19 billion to write down the value of company assets
 "Hit by Covid-19 pandemic, oil giants Exxon, BP post huge 2020 losses")
IOC to monetise pipeline assets, says many investors interested
The firm is likely to sell stakes in one or two of its vast network of crude oil and petroleum product pipelines in the country, its Director (Finance) Sandeep Kumar Gupta said
 "IOC to monetise pipeline assets, says many investors interested")
Indian Oil board gives nod for subsidiary to set up Rs 29,000 cr refinery
The 9 MMTPA (Million Metric Tonne Per Annum) refinery will be built at Nagappattinam, with a Polypropylene unit to start with and facility to process crude oil
 "Indian Oil board gives nod for subsidiary to set up Rs 29,000 cr refinery")
