Page 26 - Crude Oil

India's August crude processing drops as raging virus cases dim demand

(Reuters) - Crude oil processed by Indian refiners slipped 26.4% from a year ago in August, the most in four months, as fuel demand remained subdued on skyrocketing coronavirus cases that hindered industrial and transport activity.

Crude steady as rising European Covid-19 cases offset US oil stock draw

NEW YORK (Reuters) - Oil prices held steady on Thursday as a new wave of coronavirus cases in Europe led several countries to reimpose travel restrictions, offsetting a bullish drop in U.S. crude and fuel inventories.

India tops up strategic reserves with cheaper crude, saves over $685 mn

The state-funded reserves are meant to tide over short-term supply disruptions and will take care of India's oil needs for 9.5 days

Trading strategies for copper and lead by Tradebulls Securities

Negative divergence (RSI_14) on daily scale is being seen in Copper since July-end

India's oil import bill dips by two-third on fall in global prices: Pradhan

India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates nosedived on demand evaporating, Petroleum Minister Dharmendra Pradhan said

Bringing US economy to its knees, to being a friend: Opec turns 60

Founded in Baghdad on September 14, 1960 to counter the power of seven US and British oil companies, Opec has repeatedly yielded to pressure from Washington

Oil prices slip as growing stockpiles signal bumpy fuel demand recovery

US West Texas Intermediate crude futures fell 20 cents, or 0.5%, to $37.85 a barrel at 0056 GMT, after climbing 3.5% on Wednesday

Oil glut trade on brink of a return; Brent crude falls below $40

Crude futures in London, on Tuesday, fell below $40 a barrel for the first time since June 25

Oil prices sink below $40 on stock losses and dollar strengthening

Crude is off to weak start in September as Covid-19 flare ups in various parts of the world threaten a sustained rebound in oil consumption

Trading strategies for crude oil and zinc by Tradebulls Securities

Crude oil has breached its range of 3,130-3,230 with volumes

One of the world's richest petrostates, Kuwait is running out of cash

Slow to adjust big-spending habits as oil revenues fall, the Gulf states are hurtling toward a moment of economic reckoning, prompting renewed debate over the future of nations

Trading strategies for Lead and Natural Gas by Tradebulls Securities

Lead has made narrow-bodied candles around 158-159 zone

Iraq pledges to deepen oil output cuts in Aug, Sept by 400,000 barrels/day

Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.

Oil climbs for third straight week, buoyed by producers holding back output

Brent crude futures rose 16 cents, or 0.4%, to $44.07, heading for a weekly rise around 0.5%

Oil prices climb over China's plans to ship in large volumes of US crude

Brent crude rose 21 cents, or 0.5 per cent, to $45.01 a barrel by 0023 GMT while US West Texas Intermediate crude was up 27 cents, or 0.6 per cent, to $42.28 a barrel

Abu Dhabi to merge oil services firms into $2.4-billion national champion

NMDC shares rose 14 per cent in Abu Dhabi on Sunday to 5 dirhams, their highest since March 2017, after NPCC's shareholders proposed the deal

Trading strategies for Copper and Natural Gas by Tradebulls Securities

Copper has made 'harami' candlestick pattern on daily scale which is a sign of reversal

OPEC trims oil demand in 2020; recovery doubtful in 2021 on Covid-19

World oil demand will fall by 9.06 million barrels per day (bpd) this year, the Organization of the Petroleum Exporting Countries said in a monthly report

India's June crude oil imports lowest in over five years; exports also drop

Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes

Outlook on Crude oil, natural gas by Bhavik Patel of Tradebulls Securities

Crude oil bulls look exhausted