Page 6 - Oil Market

Oil steady as US producers, refiners avoid worst of Hurricane Laura

Brent crude futures for October, set to expire on Friday, rose 2 cents to $45.11 a barrel, heading for a 1.7% weekly gain

Oil rises on China's plan to boost US crude imports, OPEC+ compliance

Firmer stock markets and a weaker dollar were also lending support, said Commerzbank analyst Eugen Weinberg

Oil prices climb over China's plans to ship in large volumes of US crude

Brent crude rose 21 cents, or 0.5 per cent, to $45.01 a barrel by 0023 GMT while US West Texas Intermediate crude was up 27 cents, or 0.6 per cent, to $42.28 a barrel

BP poised to sell 'stranded assets' even if oil prices rally: Report

Major oil companies typically hold assets for the long term, even when crude prices plunge, with a view to start bringing more marginal production online when market conditions improve

India's June crude oil imports lowest in over five years; exports also drop

Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes

Oil edges higher on weaker dollar, but demand threats from US China tension

Brent crude rose by 6 cents, or 0.1 per cent, to $43.37 a barrel by 0634 GMT, and US West Texas Intermediate (WTI) crude rose by 1 cent to $41.08

Crude oil prices ease after Opec+ agrees to relax output curbs next month

Futures in New York dropped below $41 a barrel, though the more global Brent benchmark's structure firmed on signs of tightness in physical markets.

OPEC chief sees oil market moving closer to balance ahead of key meeting

After July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken

Oil prices steady as economic data overshadows coronavirus worries

Brent crude futures settled at $43.08 a barrel, down 2 cents in the session. US West Texas Intermediate settled down 1 cent at $40.62 a barrel.

Traders thought Apple had 'holy grail' of oil data, but the quest continues

On-the-spot gasoline consumption figures would change the way oil markets trade, because it is "the holy grail of metrics," said Patrick DeHaan, head of petroleum analysis at GasBuddy

Oil falls in second straight session as virus lockdown cools demand

Brent crude is set to end June with three consecutive monthly gains as OPEC+ supply cuts and as oil demand improved after countries across the globe eased lockdown measures

GAIL, Adani, Petronet LNG join IGX; gas price of $4.07 per unit discovered

Launched on Monday, the platform - set up by the Indian Energy Exchange - has so far traded 100 mmBtu gas.

Brent is likely to find support in June in the range of $35-40/barrel

The speed at which the oil market rebounded to $40 per barrel has certainly grabbed attention, but it needs to walk before it can run

Essar Oil & Gas eyes new consumers for its CNG business in Unlock 1.0

Currently, the company has around 20 consumers, based in and around Durgapur in West Bengal

MCX prepares for negative trading in all commodities after crude oil row

After crude oil last month, market fears natural gas may also see negative price trading: exchange announces special auction window for exit opportunity

Rethinking gas

India must rebalance its energy expectations away from coal

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

Most do not expect refinery shutdowns even if lockdown extends

OPEC+ debates biggest-ever oil cut as Covid-19 pandemic crushes demand

The oil market was dealt a heavy blow by the freefall in demand due to the coronavirus pandemic

Oil market shock to affect global supply chains, energy sector: IEA

Oil prices crumbled as the pandemic slashed global fuel consumption, with further pressure from a supply shock due to the end of production cuts from OPEC producers and Russia.

Margin calls triggered in crude oil led to across-the-board selling

The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%