Opec Supply Cut

ONGC, Oil India surge up to 6% as oil prices rise post OPEC+ output cut

Sustained higher crude oil prices and gas realisations can result in better profitability for upstream oil and gas companies, analysts said

India to soon sign long-term deal to export oil from Namibia: Report

Recently, IOC signed a deal to procure oil from Colombia's Ecopetrol SA and Brazil's Petroleo Brasileiro SA (Petrobras)

Oil prices edge up ahead of OPEC+ meeting to discuss supply cuts

U.S. crude futures rose 46 cents, or 0.6%, to $84.09 a barrel, having gained more than 5% in the previous session.

TMS Ep254: India-Bangladesh ties, Hindi films, OPEC output cut, NAFIS

Do India-Bangladesh ties still lack depth? Why are Hindi films struggling at the box office? With OPEC cutting output, should investors brace for tough days? What is NAFIS? All answers here

OPEC+ cuts oil output, gas prices soar: What's next for investors?

OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India

Oil prices slide as demand fears return after OPEC-led rally on output cut

Oil fell after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+'s first output target cut since 2020

OPEC-plus agrees to make token supply cut for Oct to steady oil market

The group will reduce production by 100,000 barrels a day next month, taking supplies back to August levels, it said in a statement

Oil prices jump nearly 4% on Tuesday on OPEC+ supply tightening fears

Underlining tight supply, the latest U.S. inventories weekly reports are expected to show crude stocks declining 900,000 barrels last week

Sensex slumps 765pts, Nifty ends below 17,200; Reliance, FMCG, banks weigh

The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent

Oil prices slump 4% on concerns over demand and OPEC supply boost

NEW YORK (Reuters) -Oil prices tumbled about 4% on Monday as weak economic data from China and the United States, the world's top oil consumers, and higher crude output from OPEC producers stoked fears of weakness in oil demand and oversupply.

Oil hits 11-month high near $57 a barrel on tight supply expectations

Saudi Arabia plans to cut output by an extra 1 million barrels per day (bpd) in February and March to keep inventories in check

Oil prices move up towards $50/bbl after OPEC+ supply compromise

OPEC+ had been expected to continue existing cuts until at least March, after backing down from plans to raise output by 2 million bpd.

Oil steadies as demand fears due to Covid-19 offset high OPEC compliance

Brent crude futures rose 9 cents to settle at $45.46 a barrel. US West Texas Intermediate (WTI) crude futures ended unchanged at $42.89 a barrel

Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut

West Texas Intermediate crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel

Oil prices fall on US inventory build, increasing coronavirus fears

Industry group American Petroleum Institute (API) reported US crude inventories rose last week by 7.5 million barrels compared with expectations for a draw of 2.1 million

Oil prices rise after sharp drop in US crude stock, focus on OPEC meeting

Brent crude futures were up 10 cents, or 0.2%, at $43 a barrel as of 0049 GMT, and US West Texas Intermediate (WTI) crudefutures rose 14 cents, or 0.4%, to $40.43 a barrel

Oil slips in Asian market as traders eye easing in supply cut at OPEC meet

Brent crude fell 27 cents to $42.97 a barrel by 0114 GMT while US West Texas Intermediate crude was at $40.27 a barrel, down 28 cents

OPEC, Russia to extend record oil cuts until end of July: Draft deal

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis.

Brent hits 1-month high, US crude tops $31 on output cuts, easing curbs

US West Texas Intermediate (WTI) crude was up $2.46 or 8.4% at $31.89 per barrel, its highest since mid-March

OPEC+ debates biggest-ever oil cut as Covid-19 pandemic crushes demand

The oil market was dealt a heavy blow by the freefall in demand due to the coronavirus pandemic