Page 12 - Oil

Oil slides as US climate withdrawal compounds glut concerns

US West Texas Intermediate crude futures fell $1.45 cents to $46.91 per barrel

Oil rises to $52 as Saudi Arabia, Russia back longer supply cuts

Oil jumped more than 2% to its highest in more than three weeks on Monday

India's oil boom stalls

Gasoline consumption growth has been slowing since the middle of 2016

Oil curbs could extend beyond 2017, says Saudi Arabia

Surging US production raised concern Opec nations and partners are failing to reduce an oversupply

Brent crude falls to 5-month low, erases gains since Opec agreed to cuts

Opec's compliance with the output cuts fell to 90% in April from a revised 92% in March

Oil off on supply fears; stocks slip before French election

US crude futures fell below $50 a barrel for the first time in more than 2 weeks on renewed fears

Opec recommends 6-month extension of oil output cuts

Producers had agreed to cut production by 1.8 mn bpd for six months from Jan 1 to support market

Big oil finding money for biggest projects

$36.8-bn project agreed by Chevron, Exxon and partners suggests oil's deep freeze may be thawing

Oil slides as US pumps more, but Opec and North Korea loom

Benchmark Brent crude futures were down 50 cents at $55.39

Oil set for longest gain since 2012

Oil advanced for an eighth day on speculation Saudi Arabia will support an extension to output cuts

Oil rises further above $55 on Libyan field shutdown

It heightened tension over Syria following the US missile strike

Major oil marketing companies mull daily fuel price change

This will help India move to an international standard of fuel pricing

Oil rises to near one-month high on supply tightening

According to oil analysis firm Vortexa, shipped oil supplies have fallen by as much as 17% this year

Halfway into 2017's oil supply cut, Asia remains awash with fuel

Yet almost three months into the announced cuts, oil flows to Asia have risen to near record highs

Vertical integration will boost oil firms, says OIL chief Bora

Bora refrained from giving any further details on the nature, scope and timeline of such a merger

India going big on refining capacity; may overtake Russia in capacity

India's oil-refining capacity is currently the fourth-largest in the world and the country has a robust expansion plan for each of its three oil-marketing companies.The capacity expansion will take place over the next few years. In spite of the slowing global oil demand, India's demand may prompt refiners to continue adding capacity, experts say. By 2022, India will have added significantly more to its 230-million-tonne capacity. Indian Oil Corporation looks to take its refining capacity to more than 100 million tonnes by 2022 from the current 80.7 million tonnes, and Bharat Petroleum Corporation Ltd (BPCL) will increase its capacity to 50 million tonnes by 2021. Hindustan Petroleum Corporation Ltd (HPCL), on the other hand, is likely to increase its current 24.8-million-tonne capacity to 60 million tonnes by 2030.British energy giant BP's 2017 energy outlook said for 20 years, oil demand would continue to increase although the pace of growth was likely to slow with vehicles becoming .

India gives out new hydrocarbon licensing policy to explore oil, gas means

The new policy is part of the strategy to make India a business and investor friendly destination

Oil rebounds from recent weakness, still rangebound

Global benchmark Brent settled up 82 cents, or 1.5%, to $55.90 a barrel

Crude oil falls for third consecutive day as US inventories hit record high

Oil is within tight trading range as Opec compliance with output cuts offset rising US oil reserves

Oil prices rise after report shows drop in US stocks

Benchmark Brent crude oil was up 70 cents a barrel at $56.54