Page 5 - Oil Prices Slip

Oil dips after OPEC warns of downside risks to demand in first half of 2021

Oil prices dipped on Monday, the first day of 2021 trading, ahead of an OPEC meeting to discuss output levels for February with fears for first-half demand seeping into the market as pandemic lingers

Oil set for 20% drop in 2020 as coronavirus lockdowns weigh on economy

Global crude oil markets have lost about a fifth of their value in 2020 as strict coronavirus lockdowns paralysed much of the global economy

Oil prices slip amid worries over fast-spreading new coronavirus strain

Oil prices slid as a new coronavirus strain in the UK raised concerns that tighter restrictions there and in other European nations could stall recovery in global economy and its need for fuel

Oil prices slip on surprise gain in US inventory, demand squeeze worries

Oil prices dropped on a surprise gain in crude oil inventories in the US and as investors continued to worry about demand for fuel being squeezed amid Covid-19 lockdowns

Oil prices dip as tighter Covid lockdowns in Europe cast shadow on demand

Oil prices dipped in early trade, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East

Oil prices slip as OPEC+ resume negotiations on output cut extension

Oil prices fell as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic

Oil prices slip on surprise US stock build, delay in OPEC+ output meeting

Oil prices extended losses, hit by a surprise build in oil inventories in the US and as OPEC and allies left markets in limbo by delaying a meeting to decide whether to increase output in January

Oil prices slide after OPEC+ talks delays escalate supply concerns

Oil prices slipped amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the Covid pandemic continues to sap fuel demand

Top headlines: US court asks Isro arm to pay, Apple clocks record sales

From Apple selling record iPhones in Sept quarter in India to govt making first set of draft rules under labour code public, Business Standard brings you top news of the evening

World Coronavirus Dispatch: 85,000 cases on Friday mark third surge in US

UK considers shorter self-isolation period, crude oil Oilon surge in cases, why 2020 is different for student loan payments, and other pandemic-related news across the globe

Oil falls as Covid-19 cases surge; investors cautious ahead of US polls

More than one million people have died of Covid-19 worldwide as of Tuesday

Oil-related stocks in focus as crude oil prices tumble; ONGC declines 4%

Oil futures fell sharply on Tuesday, with Brent tumbling below $40 a barrel for the first time since June.

Oil prices slide as surge in Covid-19 cases weighs on demand outlook

US West Texas Intermediate crude futures were down 70 cents, or 1.7 per cent, at $40.57 a barrel

Oil prices slip as worsening Covid-19 threatens recovery in fuel demand

More than 14 million people have been infected by the novel coronavirus globally and nearly 602,000 have died, according to a Reuters tally

Oil slips in Asian market as traders eye easing in supply cut at OPEC meet

Brent crude fell 27 cents to $42.97 a barrel by 0114 GMT while US West Texas Intermediate crude was at $40.27 a barrel, down 28 cents

Oil slips as traders eye Opec-plus meeting to extend production cuts

Brent crude fell 34 cents to $37.50 a barrel, in the first day of trading in the contract with August as the front month

HPCL, BPCL, Indian Oil poised for gains with oil prices at 18-year low

HPCL, with higher proportion of retail sales, may benefit more from improvement in marketing margins

Sovereign wealth funds may cut down India play as oil prices drop

Foreign outflows could accelerate further if oil prices stay low

Oil prices slide for second straight day as US-China tariff deadline looms

Data released on Sunday showed exports from China in November fell 1.1% from a year earlier, confounding expectations for a 1% rise in a Reuters poll.

Oil prices set for weekly gain as Opec, allies agree to extend output cuts

OPEC is likely to shoulder 340,000 bpd in fresh cuts and non-OPEC producers an extra 160,000 bpd, one source said on Friday