Page 39 - Crude Oil

Why no deal in Doha is bad news for equity markets

If oil prices start falling, equity markets will feel the pressure again as oil producing countries will again dip into their savings to fund their deficits

Failure to agree oil freeze deal may have 'most unpredictable' outcome: Gazprom

'Everyone is pursuing their own selfish goals, and this may lead to the most unpredictable scenarios'

Where are crude oil prices headed?

Despite the recovery to above $40 levels after hitting $28-29 in Jan, worries of over-supply in the face of weak demand remain

Oil rallies on reports of output freeze pact

Russia's Interfax news agency quoted a diplomatic source in Doha saying Russia and Saudi Arabia reached consensus about an oil output freeze

Oil down as Saudi comments cast doubt on output freeze

Hopes for a deal at the April 17 gathering in Doha led by Russia and Saudi Arabia had been a major driver of a rally in prices

India in final stage of talks with UAE for strategic crude oil storage tie-up

Around two-thirds of the storage will be available to India for free for strategic use

Indian refiners to import Iranian crude oil at lower prices

This means means that the buyer, instead of the seller, will have to lift the crude and pay for the cost of shipping the crude to its destination

Cheap credit and rising incomes fire fuel demand in India

Hundreds of thousands of Indians are buying cars each month to free themselves from creaky, unreliable public transport

S&P 500, US crude prices end at 2016 highs

Partly offsetting the bullish comments, Goldman Sachs lowered its crude oil price forecasts for this year and next year

Oil price could fall by $10 if output freeze fails: DNB Markets

North Sea crude currently trades at just over $40 per barrel, a rise of almost 50 percent from a 12-year-low seen in January

Crude prices subdued in Asia on weak Chinese trade data

Chinese exports saw their heaviest fall in nearly seven years, stoking further worries about the world economy and a supply glut

Crude oil may drop to $25/bbl: Moody's

Moody's estimated oil prices to be around $33 per barrel in 2016, which will rise to $38 a barrel in the next and to $43 in 2018

Oil prices climb after US oil output falls for sixth week

Brent nudged up t o$37.10 a barrel, while US crude was trading at $34.70

Crude oil futures down Rs 54 a barrel on weak Asian trend

Crude oil futures fell by Rs 54 to Rs 2,275 per barrel today as speculators cut down their bets positions amid a weakening trend in Asian markets. In futures trading at Multi Commodity Exchange, crude oil for delivery in March was trading Rs 54, or 2.32 per cent lower, at Rs 2,275 per barrel in 10,934 lots. Oil for far-month April delivery also moved down by Rs 38, or 1.55 per cent, to Rs 2,411 per barrel in business volume of 518 lots. The trading sentiments dampened in futures trade as oil prices dipped in Asia today after mounting a strong rally the day before as traders remain doubtful that talks on an output freeze among key crude producers will lead to an agreement, analysts said. Meanwhile, West Texas Intermediate (WTI) crude for April delivery, a new contract, was down 41 cents, or 1.23 per cent to USD 32.98, while Brent crude for April eased 43 cents, or 1.24 per cent, to USD 34.26 a barrel on the New York Mercantile Exchange. US crude rose back above USD 30 a barrel and

Iran's return to oil markets could be stymied by output hurdles: Moody's

Russia, Saudi Arabia agreed Feb 16 to freeze their oil output in an attempt to stabilise prices