Page 9 - Oil

French oil group Total signs marine fuel deal with China's Zhejiang Energy

Total China Investment (TCI) will hold a 49 per cent share in the new joint venture company

Deter Iran, or oil prices can spike unimaginably: Saudi crown prince

The right of Saudi Arabia and the UAE to defend their interests after the attacks on oil pumping stations in the kingdom and tankers off the UAE were supported in a Gulf Arab statement

Oil may touch $100/barrel if Saudi fails to resume oil supply: Analysts

Industry sources have said it may take weeks to bring production fully online

Which country can boost crude supply to offset the attack on Saudi Arabia?

The attacks cut Saudi production by 5.7 million barrels a day and officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery

Iran was behind Saudi oil attack. Will there be more? Will Trump negotiate?

Yes, Iran Was Behind the Saudi Oil Attack. Now What?

India to discuss an alternative maritime route for oil from Russia

With the tension between Iran and the US impacting movement of oil cargo, India is looking at an alternative maritime route via Vladivostok port in Russia's far eastern region, through the South China sea and Malacca. The issue will be discussed during Prime Minister Narendra Modi's visit to Russia starting September 4. Modi will be attending the Eastern Economic Forum in Vladivostok from September 4 to 6.This comes amid high tension between Iran and European countries in the Strait of Homuz last month. Iran even deployed two warships in the region. The new route is likely to make investment by companies like ONGC Videsh (OVL) viable in Russia. It will also reduce the time in bringing liquefied natural gas (LNG) and crude oil to India. "It makes sense to diversify ourselves (India), not just in terms of finding alternate sea trade routes but also ports. A dual sea trade route will surely help India in the long run," said Hitesh Avchat, senior manager, CARE Ratings.The proposed route .

Saudi Aramco defends hold on coveted Indian oil market with Reliance tie-up

Aramco's plan to buy 20% of the oil-to-chemicals business of Reliance comes with an assurance to buy half a million barrels a day of the kingdom's crude on a long-term basis

Oil falls 3% to below $58 a barrel as recession worries weigh on prices

Global benchmark Brent crude fell as much as $1.81, or 3%, to $57.67 a barrel and by 1117 GMT was down $1.57 at $57.91. U.S. crude fell $1.03 to $54.20

Oil demand growing at slowest pace since 2008 financial crisis: IEA

From January to May, oil demand increased by 520,000 bpd, marking the lowest rise for that period since 2008

Global natural gas prices drop, but policy blocking India from making gain

One of the first things the new government should do now is revisit the five-year-old formula determining the price of domestic natural gas

US-Iran tensions, Opec's indication of continuing cuts lead to oil surge

Opec+, an alliance of Opec and some non-member nations, had in January announced to cut output for six months to prevent a decline in prices

At $44 bn foreign interest, oil could be India's next geopolitical currency

In any war-like situation with Pakistan, both Saudi and UAE will be induced to pressurise Islamabad because of their high stakes in India's oil sector

How US ending Iran waivers may affect India and other oil markets

Among the buyers, India, South Korea, China, and Japan are likely to be hit the hardest

India delays May order for Iran oil, awaits clarity on US sanctions: Report

Washington had given a six-month waiver to eight nations including India, allowing them to import some Iranian oil until early May

Oil at 5-month high amid OPEC-led supply cuts, US sanctions, jobs data

International benchmark Brent futures were at $70.72 per barrel at 0225 GMT on Monday, up 38 cents, or 0.5 percent from their last close.

Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

For the two benchmarks, the first quarter was the best-performing quarter since 2009, when both gained close to 40 per cent

Far from reducing imports, India's oil and gas production has slumped

The country's dependence on imports has increased over the past four years and domestic production has fallen

Govt asks ONGC, OIL to sell out 66 fields to pvt firms to cut imports

ONGC and OIL, who are battling stagnation in output from largely ageing fields, have a total of 184 fields

India becomes top buyer of Venezuelan crude in February, imports jump 66%

Venezuelan crude exports have plunged since US President Donald Trump ratcheted up sanctions against the country's oil company

Oil at new high in CY19 on US-China trade optimism, Opec output cuts

Crude has gained 20% this year amid prospects of cut in supply