Page 27 - Crude Oil

India signs MoU to develop strategic petroleum reserve in America

The two countries are in advanced stage of discussion to store crude oil in America to increase India's stockpile

Outlook & trading strategies for Nickel, crude oil by Tradebulls Securities

There is a negative divergence in RSI_14 on Crude oil's daily scale

OPEC chief sees oil market moving closer to balance ahead of key meeting

After July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken

Reliance to load Venezuelan oil cargo under fuel swap deal: Report

Washington has exempted some Venezuelan oil trade from sanctions, when transactions are in exchange for fuel and food or to repay debts rather than for cash

Oil slips 2% as resurgent Covid-19 makes investors worry about US demand

Brent crude futures fell 85 cents, or 2 per cent, to $42.44 a barrel by 12:58 p.m

Oil steady as coronavirus lockdown fears offset gasoline recovery signs

Brent crude futures edged up 2 cents, or 0.05%, to $43.31, after gaining 0.5% on Wednesday

Crude oil price drops as US inventory build-up stokes supply fears

Oil prices eased in early trade on Wednesday as industry data showed a build in US crude stockpiles and a forecast for US crude output to fall less than anticipated in 2020

Covid-19 drives oil companies to raise record debt to boost cash reserves

Benchmark Brent crude averaged below $30 a barrel in the second quarter when it hit the lowest in two decades

Oil prices inch higher on output cut support, but US virus spike caps gains

US West Texas Intermediate (WTI) crude futures climbed 13 cents, or 0.3%, to $40.76 a barrel at 0103 GMT, recouping a 2 cent loss from Monday

Oil falls below $43 a bbl on Covid-19 surge but headed for a weekly gain

OPEC oil production fell to its lowest in decades in June and Russian production dropped to near its OPEC+ target

Crude oil can hit $50/bbl in 2021; gas demand to pick up in India: Analysts

Currently, Brent prices are hovering around the $42/barrel mark

ONGC, Oil India stocks rise: Post rally investors need to exercise caution

With the muted outlook for crude oil realisations and volumes, FY21 earnings may take a hit

Oil rises on positive US economic data; Covid-19 concerns limit gains

New Covid-19 cases in the United States rose by nearly 50,000 on Wednesday

Goldman Sachs sees oil demand returning to pre-coronavirus levels by 2022

Demand is expected to fall by 8% this year, before rebounding 6% in 2021, the bank said

Oil rises 2% on US crude stockpile draw, global manufacturing activity

Brent crude rose 80 cents, or 1.9 per cent

Crude oil price slide on sharp uptick in coronavirus cases globally

Brent crude dropped 84 cents, or 2%, to $40.18 a barrel by 0833 GMT, and U.S. crude fell 72 cents, or 1.8%, to $37.77

Oil falls in second straight session as virus lockdown cools demand

Brent crude is set to end June with three consecutive monthly gains as OPEC+ supply cuts and as oil demand improved after countries across the globe eased lockdown measures

Mukesh Ambani pushes for clean, affordable energy; tech to decarbonise

"It's not only imperative for us to be net carbon zero but I think that we should opt to recycle carbon," Ambani said.

Oil down $2 as US crude inventories swell, Covid-19 resurgence feared

Brent crude was down $2.04, or 4.8 per cent , to $40.59 a barrel by 11:03 a.m. EDT (1503 GMT), a day after hitting its highest since prices started plunging in March

Is the spot market mechanism the panacaea for the slack in energy sector?

While benefits in supply and pricing are likely to accrue to the consumer with the activation of energy exchanges, certain grey areas need to be addressed