Page 24 - Crude Oil

Oil industry seeks alliance with Farm Belt to fight Biden's EV agenda

While the oil industry and biofuels producers are natural competitors for space in America's gas tanks, they share a desire to ensure a future for internal combustion engines.

Oil rises as US oil stockpiles drop as Covid-19 cases decline in China

U.S. West Texas Intermediate (WTI) crude futures rose 10 cents, or 0.2%, to $52.71 a barrel at 0229 GMT, reversing some of Tuesday's loss

Oil slips on surprise rise in US crude stocks, fuel fears of demand fall

U.S. West Texas Intermediate (WTI) crude futures fell 27 cents, or 0.5%, to $53.04 a barrel at 0147

Near-term gains in gold, silver limited amid dollar strength: Bhavik Patel

Gold will trade in range until market gets more clarity on the new Joe Biden-administration's policies

Oil rise on hopes of US Covid-19 stimulus and crude stocks drawdown

U.S. West Texas Intermediate (WTI) crude futures climbed 37 cents, or 0.7%, to $53.35 a barrel at 0427 GMT, building on a 1.2% rise on Tuesday

Brent crude edges up as optimism over economy trumps demand concerns

Brent crude futures for March rose 17 cents, or 0.3%, to $54.92 a barrel by 0150 GMT after slipping 35 cents in the previous session

Oil prices drops 1% as rising coronavirus cases end supply-led rally

US oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session

ONGC, OIL not expecting year-end windfall with recovery in crude oil prices

Price movement nudges governments to scale back tax hikes

Weak retail data, Covid-19 lockdowns weigh on stocks and oil; dollar rises

U.S. bond yields and stocks had risen recently partly on expectations about the rollout of coronavirus vaccines and on a massive stimulus plan

China's 2020 total crude oil imports jump 7.3% to record on low prices

China's total crude oil imports surged 7.3% in 2020 despite the coronavirus, with record arrivals in the second and third quarter amid plunging oil prices and expanding refineries, data showed

Saudi Aramco cuts February crude supply to some Asian refiners, sources say

Saudi Arabia has cut supplies of February-loading crude by 10% for at least two Asian buyers while meeting requirements of at least three others, several refinery and trade sources said

Strong recovery in oil and gas volumes likely in fiscal 2022: Icra

The domestic demand for petroleum products is expected to increase at a healthy rate of 8 to 10 per cent in FY22 on a year-on-year basis, ratings agency Icra said

Oil hits 11-month highs on Saudi output cut pledge, equities rally

The move caps a stellar few months for the oil market, with crude emerging as a favored play to bet on coronavirus vaccines and global reflation

BP gives Caribbean refinery more time to hit operating targets: Report

BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, sources said

Traders accelerate oil sales from floating storage to meet Asia demand

Traders have accelerated crude oil sales from floating storage in December to meet higher demand in Asia as the region's refineries throttled up for peak winter consumption, trade sources said

OPEC+ resumes debate after talks stumble over February oil output

An internal OPEC document, suggested a 0.5 million bpd cut in February as part of several scenarios considered for 2021

India's crude oil production tapers, delaying cut in import dependence

India produced around 2.5-2.6 million tonnes (mt) of crude oil per month in 2020

Trading strategies for Natural Gas and Aluminum by Tradebulls Securities

After taking support at 200 DMA, natural gas made bullish candle indicating bulls trying to stage comeback

India's crude oil production slips 5% in November: Government data

This was primarily due to a sharp drop in output at Rajasthan oilfields operated by private sector Cairn Vedanta

Oil tumbles as new Covid-19 virus strain revives demand worries

More countries closed their borders to Britain on Monday, causing travel chaos and raising the prospect of UK food shortages