Page 21 - Oil

Oil prices ease over uncertain supply picture

Saudi Arabia and Russia, the world's two largest oil exporters, along with Qatar, Venezuela have proposed major producers freeze output at January levels

Oil prices fall as oversupply lingers, economic slowdown looms

OPEC said it pumped 32.28 million bpd in Feb, down about 175,000 bpd from Jan due to outages in Iraq, Nigeria

Govt to pass on benefit to consumers if oil prices rise

Petroleum Minister said they have passed 50% revenue to consumers, saving remaining to balance fiscal deficit and for welfare schemes of the country

Oil back below $40 as Iran dashes hopes for quick deal on output

Iran oil minister said OPEC member would discus only when its output reached 4 mn bpd; currently its 2 mn bpd

Oil edges lower after Kuwait dents hopes for output freeze

Kuwait's oil minister said their participation would require all major oil producers, including Iran, to be on board

Oil rallies to three-month high; analysts warn of glut

The gains were driven partly by a rally that took Asian equities to two-month highs

Iran central banker visiting India over 6$ billion of oil dues

With lifting of sanctions, some Indian oil companies want to clear the unpaid bill at the exchange rate 3 years back

Oil likely to recover to $55 in 12 months: Report

The oil market is still oversupplied in the first half of 2016 after supply expanded 2.7% in 2015.

OPEC watching Iran, Russia, unlikely to cut output in June

The only time Russia agreed to cooperate with OPEC was in 2001 but it never delivered on its pledge and raised exports instead

Oil rises on positive US data

Strengthened growth in top consumer the US will soak up a global supply glut that has weighed on markets

Don't reimpose customs duty on crude: Oil firms

Govt may, in the Budget next week, look at re-imposing 5% customs duty on crude oil imports

Oil prices fall as Saudi Arabia rules out Opec output cut

Brent traded down 15 cents at $33.12 a barrel after Saudi Arabia, Iran ruled out production cuts

Asia's oil markets in upheaval as China, India change the game

China and India's combined share of world's oil consumption has tripled since 1990, making them the main center of global demand

Oil prices stabilise on lower US rig count, but global glut still weighs

Brent was trading up 34 cents at $33.35 a barrel, while WTI traded at $29.90 a barrel

Oil story: there's a new world order to talk about at the Davos of energy

The Saudis may go public, OPEC's in disarray, the US is suddenly a global exporter, and shale drillers are seeking lifelines from investors as banks abandon them.Welcome to oil's new world order, full of stresses, strains and fractures. For leaders gathering in Houston next week at the IHS CERA Week conference - often dubbed the Davos of the energy industry - a key question is: what will break first? Will it be the balance sheets of big US shale companies? The treasuries of Venezuela and Nigeria? The resolve of Saudi Arabia, whose recent deal with Russia to freeze output levels offered the first hint of a rethink?After watching prices crash through floor after floor in the worst slump for a generation, the industry is eager for answers. Insiders say it's not too hard to visualise what markets might look like after the storm - say five years down the line, when today's cost-cutting creates a supply vacuum that will push up prices. But it's what happens in the meantime that's got them sc

Saudi, Iraq sell more oil to India, elbow out Latin America crudes

Competitive prices and shorter shipping distances are giving the Middle East members of the OPEC the upper hand in India

Oil extends rally towards $35 after Iran welcomes output freeze

Brent soars 38 cents to $34.88 a barrel; gain added to a more than 7% surge in the previous session

Oil & Gas shares gain; Cairn, ONGC up 5%

Cairn India, ONGC and Oil India were up 3%-6% on the BSE.