Page 30 - Crude Oil

Amid falling global prices, US and Mexico agree to cut crude oil output

The OPEC nations have agreed to "a different limit reduction of about 23 per cent", said US President Donald Trump

A responsible consumer

Strategic oil reserve is an important tool during ongoing crisis

Back-to-back gains for global stocks; Brent climbs into positive territory

While most Asian markets surged, a second day of gains in European equities put the region's benchmarks from Italy to France and Germany on course to exit a bear market

Exhausting product tankage not a cause of concern yet, say oil executives

Most do not expect refinery shutdowns even if lockdown extends

BPCL makes faster, cheaper tech to test crude; in talks with MNCs for sale

BPCL has been developing the technology since FY16 and reached commercial production stage two years ago

Covid-19: Oil crash poses test for OPEC+ after Moscow, Riyadh miscalculate

An OPEC source briefed on Saudi oil policy said the scale of the fall in demand might require action beyond the scope OPEC+ could take alone

Reliance to sell some April-loading crude cargoes in a rare move: Report

Mukesh Ambani's Reliance has offered various grades of Middle East crude for sale in Asia's spot market, including grades such as Abu Dhabi's Murban crude and Qatar's al-Shaheen crude.

Fuel prices see minor changes, check petrol and diesel rates today

Petrol is being sold at a rate of Rs 69.63 per litre in Delhi

Crude oil, copper post sharp fall on MCX due to global uncertainty

Lead, nickel and zinc lose 3.5% each on expectations of uncertain demand; slight dip in bullion

Crude oil adds over 4%, gold and silver up as markets recover sharply

News of factories and showrooms in China reopening after several weeks of lockdown boosts sentiment

Oil to stay under pressure; eyes on fiscal measures to address coronavirus

On top of the virus-related demand concerns, oil markets are also contending with an imminent surge in supplies from Saudi Arabia and Russia as the two nations face off in a very public way

Barmer refinery will provide crude oil; import won't be needed: CM Gehlot

He held a detailed review of the refinery project and said that the work of various phases of the project should be completed on time

Oil extends losses as US Fed rate cut fails to soothe global markets

Oil prices have come under intense pressure on both demand and supply sides

Will the RBI cut rates today? Fiscal boost also needed to battle slowdown

The Reserve Bank of India is expected to hold a media interaction later in the day today. It is widely expected that the central bank will cut rates and announce measures to boost sentiment.

Oil falls for third straight day, Brent crude set for worst week since 1991

For the week, Brent is set to fall 28 per cent, the biggest weekly decline since the week of Jan. 18, 1991

Petrol, diesel prices reduced further for the fourth straight day

Petrol now costs Rs 70.14 per litre in Delhi, Rs 75.84 per litre in Mumbai, Rs 72.83 a litre in Kolkata and Rs 72.86 per litre in Chennai after the price cut

Coronavirus: Oil dips 6% after Trump announces travel ban on Europe

West Texas Intermediate slipped 6.2 per cent to $31 a barrel while Brent crude was off 5.8 per cent

Petrol and Diesel prices cut for third straight day even as brent recovers

Petrol in Delhi now costs Rs 70.29 per litre and diesel Rs 63.01 a litre

Oil firms promised billions to investors. Now what next after price crash?

Brent crude was trading at around $36 a barrel, down around 20 per cent by 16:45 GMT on Monday, when analysts lowered share price forecasts for top oil and gas producers

The oil crash

Govt should seize the opportunity to improve its finances