Page 10 - Oil

US warns countries, including India, against buying Venezuelan oil

The US has slapped sweeping sanctions on PDVSA with a view to curb Venezuela's crude exports and put pressure on socialist President Maduro to step down

Oil exporters yet to recover from oil shock: IMF's Christine Lagarde

Among oil importers in the Middle East region, growth had picked up, but it was still below the level before the global financial crisis

Oil slips below $62 after report shows rise in US crude inventory

U.S. crude inventories rose by 2.5 million barrels last week and gasoline stocks also increased

Oil prices rise over 3% on strong US jobs data, Venezuela sanctions

Oil prices got a boost from Wall Street after surprisingly strong US job growth data fed demand for equities

Saudi and Canadian production cuts are making the world pay more for oil

More than half of the world's heavy crude is processed in the US

Oil prices rise more than 2%; lifted by OPEC cuts, steadying stock market

Oil futures have gained about 9 per cent since last Monday

Govt to launch delayed second round of oil block auctions on Monday

India had in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored area in the country under exploration

US gets fewest oil cargoes from Opec in 5 yrs as production decline begins

Saudi Arabia, the biggest producer in the Opec Countries, and several others curbed supplies in the face of rising US production and inventories

Oil prices up on last trading day, set for first annual decline since 2015

Crude prices have been closely tracking equity markets during volatile trading for both asset classes last week

Crude oil prices steady near year-and-a-half lows ahead of New Year

US West Texas Intermediate crude futures rose 72 cents to settle at $45.33 a barrel, after earlier reaching $46.22 a barrel

Oil prices plunge more than 6% as economic slowdown fears grip market

Brent fell 11% last week and hit its lowest level since September 2017

Electric vehicles will cut transportation demand for oil by 2040, says IEA

Oil demand is not expected to peak before 2040, the Paris-based IEA said in its 2018 World Energy Outlook

Oil poised for longest streak of losses since 2014 as supply fears ease

Supply concerns that drove crude to a four-year high last month faded on speculation the U.S. would give exemptions to Iranian oil buyers to lower costs at pumps

India hopes to invite bids to fill south oil storage with 19 mn barrels

Indian Strategic Petroleum Reserve Ltd will be inviting bids for crude for the Padur strategic petroleum reserve in Karnataka

India's oil demand to rise by 5.8 million bpd by 2040, says Opec

The global oil sector needed $11 trillion in investment to meet future demand by 2040

Crude oil imports may be cut as price forecast put at $100 a barrel

Benchmark Brent crude oil futures surged 2% on Monday to over $80 a barrel

Iran offers India insurance to continue oil supply as US sanctions loom

State-run insurers used to provide cover before. They relied on reinsurance from India's GIC, which in turn depends on companies in both Europe and the US to hedge its risk

US pips Saudi, may beat Russia to become world's top oil producer next year

The idea that the US could ever again become the world's top oil producer once seemed preposterous

Iran to Donald Trump: Oil will cost $100 per barrel, and it is your fault

Iran, OPEC's third-largest producer, is facing US sanctions on its oil exports that are prompting some buyers to cut purchases

Saudi Arabia plans to pump up to 11 million bpd in July, the highest ever

Opec agreed with Russia and other oil-producing allies on Saturday to raise output from July by about 1 million bpd