Page 8 - Oil Production

Rising crude prices could put OMC margins under pressure, hurt stock rally

While analysts expect excise duty cuts or price hikes to offset pressure on marketing margins, there is some uncertainty currently; Oil producers seen gaining

Oil prices hit almost 14-month high after OPEC+ extends output cuts

Brent crude futures were up $1.75, or 2.6%, at $68.49 a barrel by 1250 GMT and U.S. West Texas Intermediate (WTI) crude futures climbed $1.49, or 2.3%, to $65.32

India is saddened by Opec+ decision to continue cutting production: Pradhan

After the Opec decision, one million barrels per day of crude oil production from Saudi Arabia will remain in place at least through April.

OPEC+ are considering oil output roll over for April: Report

OPEC+ ministers hold a full meeting on Thursday

Oil falls to two-week lows as OPEC+ nations seen easing supply curbs

OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia

Oil slips on fears over higher OPEC supply, slower China demand

Brent crude dropped 14 cents or 0.2% to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day

Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

Exxon Mobil's total reserves drop by a third after Covid-19 oil price drop

The reserves reductions were "a result of very low prices during 2020 and the effects of reductions in capital expenditures," the company said in a filing

OPEC+ to weigh modest oil output boost at meeting: Report

LONDON/MOSCOW (Reuters) - OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.

Oil gains as US production slowly returns after freeze slashed supply

Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents

Rising petrol prices a 'Dharma Sankat' situation for FM Nirmala Sitharaman

The Finance Minister said it is a matter for which the Centre and state governments need to work together and see whether there is a way to fix the issue

Oiling the recovery

Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India

Iraq says OPEC+ cuts unchanged in March meeting, but easing after

Iraqi Oil Minister Ihsan Abdul Jabbar said he anticipated an oil price of $58 to $63 in 2021. The minister spoke at a news briefing in Baghdad

Oil recovery too fast for its own good; crude prices testing $60 a barrel

Recent increases in crude prices and the rapid drawing down of visible stockpiles will undoubtedly lead to calls for a more rapid raising of prod­uc­tion targets than was envisaged in December

HOEC reports steep 84% decline in consolidated net profit to Rs 8.4 cr

Total income down 45 per cent to Rs 30.51 cr, firm says it has got permission to continue production in PY1 block till April 4

Oil refiners on the margin amid rising crude prices, muted demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices

Low production due to Covid-19 raising fuel prices: Dharmendra Pradhan

This lower production had caused an imbalance in demand and supply, the minister said

Trump admin pushes to sell Alaska oil leases before Biden can block it

The administration's announcement establishes a tight timeline for lease sales, with the earliest they could occur being on or about Jan. 17

OPEC+ compliance with oil production cuts in October seen at 101%

OPEC+ is due to meet next on Nov. 30 and Dec. 1, following a high-level ministerial meeting on Tuesday

Rollover on oil output curbs possible, says Russian Prez Vladimir Putin

Putin said on Thursday he had been in contact with Saudi Arabia, OPEC's top producer, as well as the United States