Page 14 - Oil

Venezuela says to cut 95,000 bpd crude output in OPEC deal

Brent rose 94 cents, or 1.7 percent, to $56.10 a barrel

Oil prices edge up on softer dollar, Opec cut expectations

Weaker dollar makes greenback-denominated commodities cheaper for holders of other currencies

Oil prices rise in anticipation of tighter market in 2017

The Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia have announced cutbacks of almost 1.8 million barrels per day (bpd) in oil production from January 2017 in an effort to bolster prices to reduce rampant global overproduction which has seen output outstrip consumption for over two years.

India sees oil touching $60 a barrel before retreating

The rise not only threatens fiscal maths of a nation that is 80% dependent on imports to meet its oil needs but may also spur inflation

Oil prices jump more than 5% as non-OPEC, OPEC producers agree on output cuts

Commodity currencies and energy shares were also pulled higher, adding to bullish sentiment after another day of strong gains on Wall Street on Friday

Oil tops $55 first time in 16 months as Opec deal fuels buying

Brent crude oil futures, the global benchmark used to trade oil, soared to their highest since July 2015 to $55.33 a barrel

Abhishek Deshpande: Bullish trajectory for crude oil in 2017

Deshpande says with an Opec cut, he expects market to be balanced as early as the end of the first quarter of 2017

The rise and fall of oil in popular culture

Energy from petroleum connects us to rest of the world, whether through fuel-thirsty jet engines or by keeping an uninterrupted power supply

Oil exploration shares gain; ONGC hits 52-week high

Oil Country Tubular, GOL Offshore, Jindal Drilling, Aban Offshore and Hindustan Oil Exploration were up 5% to 15% on the BSE.

Oil prices surge 10% after OPEC agrees to cut output for first time since 2008

The cut of 1.2 million barrels per day (bpd) was at the upper end of expectations (0.7-1.2 million bpd)

Govt to invest $20 billion in gas fields in next 5-7 yearrs: Dharmendra Pradhan

This is to develop natural gas discoveries by state-owned ONGC and Reliance Industries-BP joint venture off the east coast

Oil market would balance even without output cuts, says Saudi's energy minister

OPEC wants non-OPEC producers such as Russia to support the intervention by curbing their output

Oil & gas bids lose steam as big firms like RIL, BP fight shy

Major players such as ONGC, Oil India, Reliance Industries, and BP skip the auction

Obama administration bars new oil exploration in Arctic waters

A win for environmental groups that had fought development of the ecologically fragile region

Oil tumbles as Trump leads US election in potential Brexit deja vu

The falls in oil came as prices for gold jumped, while dollar fell sharply against a basket of other leading currencies

Oil set for sixth straight day of declines

Analysts said markets were also weighed down by traders pulling out money from futures ahead of US elections

Oil extends losses after report shows surprise US stocks build

Indications of higher-than-expected US stockpiles is also dragging on sentiment

Oil prices set for weekly drop on doubts OPEC can coordinate output cut

Brent crude futures were at $50.54 per barrel at 0241 GMT, up 7 cents from Thursday

Oil rises above $50 on OPEC cut comments

Doubts about OPEC's supply cut deal have been weighing on market this week

Oil prices mixed on OPEC squabbles ahead of planned production cut

US crude inventory data is closely watched to gauge supply and demand in the world's biggest crude consumer