Page 38 - Crude Oil

Oil pares gains after Saudi, Russia sign pact

Brent crude futures for November delivery were up 44 cents per barrel at $47.27 a barrel

Crude edges down on firm dollar, glut worries

London Brent crude for November delivery was down 37 cents at $46.46 a barrel

India to be hit by eco crisis if oil price crosses $60: Swamy

US benchmark West Texas Intermediate is trading around $47 per barrel while Brent is at $49 currently

Crude oil: Light at end of tunnel

Crude oil prices crashed during 2015 and made lows of $26 a barrel for the WTI crude and $29 a barrel for Brent crude, mainly due to the glut in supply. The Organization of the Petroleum Exporting Countries (Opec) meeting changed the oil markets, both dramatically and structurally. It began with Saudi Arabia relinquishing its supply management role and leaving the market to rebalance itself through prices. I have always believed the main reason for the sharp fall in prices was because it hovered between $90 and $110 for too long during 2012-2014, even as US crude oil production was moving up sharply.Oil prices should have gradually declined during 2012-2014 but did not. So, during 2015, the fall was exceptional. During 2015, the global oil market was in surplus, which was as high as 1.8 million barrels per day (mbpd), though during 2013 this surplus was 0.52 mbpd. This surplus resulted in capitulation in crude oil prices at the end of 2015.US crude oil production, which peaked in 2015,

Oil prices fall as analysts say market still oversupplied

Analysts said the falls were a result of an overdone price rally this month

Crude slump sees oil giants' debt burden double to $138 bn

The debt, which has grown tenfold since 2008, is likely to increase further in the third and fourth quarters

Crude oil up on positive Asian cues

Oil for delivery in far-month September gained Rs 6, to Rs 2,903 per barrel in 173 lots

Crude oil futures climb Rs 25 per barrel on Asian cues

Oil for delivery in August also rose Rs 25, or 0.75%

Crude oil up 1.5% on Asian cues

Oil for delivery in far-month August gained Rs 49 or 1.44%

Crude oil rises for first time in seven days

As markets took a breather from concerns about the impact of Britain's possible exit from the EU

Crude oil futures fall 1.55%, hurt by weak global cues

Also, oil prices for July delivery was trading lower by Rs 49 or 1.46% at Rs 3,307 per barrel

Oil price of up to $60 will not hurt fiscal maths: Sinha

Slump in oil price is one of the factors that has helped Indian economy notch up big gains by cutting its import bill and reining in inflation

Oil falls from 10-month high as dollar strength halts rally

Crude oil has surged about 90% from a 12-year low in February, amid unexpected disruptions and a slide in US output

Crude oil rises to 7-month high

Brent oil rose as much as 2.4% to $50.83 a barrel, the highest intra-day level since November 4, amid signs the market is rebalancing

Modi govt's crude oil party finally over?

Petrol, diesel prices near pre-crash levels

Oil mixed as traders await China data, Opec meeting

China is the world's largest energy consumer so any indication of how its economy is performing acts as a key driver for oil prices

Supply worries wane, but for how long?

The rebound in near-term prices has driven hedging activity that has suppressed the prices of later-dated contracts

Crude oil futures surge 1.13% on upbeat Asian cues

Oil prices pushed towards $50 a barrel in Asian markets on Tuesday

Crude prices up on Canada fires, Saudi oil minister replacement

However, price rises were tempered by data showing another fall in Chinese exports and imports last month

Crude oil imports from West Asia on the rise: Pradhan

According to data shared by Oil Minister, share of ten West Asian nations in India's crude oil imports rose marginally to 59.2% in 2015-16