Page 34 - Crude Oil

Russia's dirty crude oil clogs Europe's refineries; worsens fragile market

The situation is fragile enough, but the Russian problem blows it out of the water

Oil heads for longest weekly rally since 2015 as US ends Iran waiver

Oil's 43 per cent rally this year has been driven by the Organization of Petroleum Exporting Countries and its allies cutting output and disruptions from Venezuela to Libya

Fuel price control?

Govt should allow domestic prices to fluctuate

India's crude oil production drops 4.15% to 34.2 million tonne in FY19

India's import dependency out of the total crude oil consumption increased from 77 per cent in 2014-15 to 84.7 per cent in the last quarter of 2018-19

US ends Iran sanction waivers: What it means for oil and endgame explained

Trump and US Secretary of State Mike Pompeo both expressed confidence that Saudi Arabia, the UAE and OPEC in general will help offset the loss of Iranian barrels from next month

Crude price seen moderating despite end of US waiver on Iran oil imports

World Bank feels commodity will shed 3% on weaker outlook for global growth in 2019 and a larger-than-expected increase in US shale output

Achilles heel: High oil prices to complicate India's inflation, says report

For bond markets, the worry is two-pronged with the concern being that high oil prices might pose a fresh risk to the fiscal math

Elevated concerns for OMCs in the near term amid rising oil prices

Dividend payouts, buybacks will constrain credit profiles; margins under pressure

Oil prices set for biggest Q1 gain since 2009 on US sanctions, OPEC cuts

For both futures contracts, the first quarter 2019 is the best performing quarter since the second quarter of 2009 when both gained about 40 per cent

Shunned by world, US sanction-hit nations' cheap oil finds haven in China

China bought 2.03 million metric tons, or 531,000 barrels a day, of crude from Venezuela last month, 17 per cent more than January and the highest since December 2017

China can't get enough of the world's crude oil, courtesy teapot refineries

Teapots can largely explain the 50% growth of inbound shipments since 2014

India feasting on Venezuelan oil as United States bans its imports

While flows to the US came to a halt, India became the No. 1 buyer of Venezuelan crude in the first half of February

Global oil supply to swamp demand in 2019 despite output cuts: IEA

The IEA left its demand growth forecast for 2019 unchanged from its last report in January at 1.4 million barrels per day

India-US talks on February 14: Crude oil imports to dominate agenda

Last year, both countries had given a wide berth to contentious trade issues in the 2+2 dialogue, instead focus on defence and foreign affairs

Oil hovers near $52 as slowing global growth outweighs Venezuela sanctions

Oil has rallied this year as the OPEC+ coalition started a fresh round of output cuts to ease a glut, with Saudi Arabia pledging to pump below the limit it agreed in December

How India, China can gain from Trump's move to hurt Venezuelan oil industry

US sanctions may mean more supply becomes available for the OPEC producer's other big customers: China and India

Oil inches up on China plans to raise spending to stem economic slowdown

A widespread economic slowdown is expected to dent growth in demand for fuel, weighing on energy prices

Oil dips to $52 as US production surge stokes fears of global glut

Brent for March settlement advanced 2 cents to $60.66 a barrel on the London-based ICE Futures Europe exchange after falling 1 percent

Oil falls to $60 as China's trade data raises fears of demand slowdown

Brent crude, the international benchmark, fell 46 cents to $60.02 a barrel by 1431 GMT, trading as low as $59.27 intraday. US crude slipped 52 cents to $51.07

Oil watchers see $70 a barrel in 2019 as fears of recession prove misplaced

Oil's fortunes have increasingly been driven by moves in financial assets and concerns about the global economy