Page 2 - Globlal Crude Oil Prices
Oil prices rise on North Sea pipeline outage, but rising US output looms
The ongoing outage of the Forties pipeline, which carries North Sea oil to Britain, was the main price driver, traders said
 "Oil prices rise on North Sea pipeline outage, but rising US output looms")
Crude oil prices to be under pressure in first half of 2018: S&P
S&P Global ratings says they are are likely to remain range-bound supported by Opec cuts and capped by US shale growth
 "Crude oil prices to be under pressure in first half of 2018: S&P")
Crude oil up to $65 a barrel not a worry
With crude oil crossing $64 a barrel on the developments in Saudi Arabia, this country's current account deficit (CAD) could see a little more pressure. However, the expectation is that this could be financed easily, as capital flows, particularly on the debt side, are robust and will not trigger huge withdrawal from the foreign exchange reserves. These had widened to a four-year high of 2.4 per cent of Gross Domestic Product (GDP) in the first quarter of the current financial year.There should not, say those in the know, be a problem up to a crude oil price of $65 a barrel. However, beyond this level, controlling the CAD could be a problem. Aditi Nayar, principal economist at ratings agency ICRA, says her baseline projection for the CAD is $35 billion (Rs 2.26 lakh crore) for 2017-18. It was $14.3 bn in the first quarter. "This assumes oil at $60 in November and December and between $55 and $58 from Jan to March. Even if we take crude to average $60 in the past three months, the ...
 "Crude oil up to $65 a barrel not a worry")
Big Oil turns to big data to save big money on drilling
Oil firms pooled data for wider operating efficiencies spurred by the 2-year downturn in prices
 "Big Oil turns to big data to save big money on drilling")
