Page 25 - Opec

Market Ahead, June 8: Top factors that could guide markets this week

The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues

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.

Opec, Russia meet to extend record oil supply cuts, push for compliance

An extension to cuts was contingent on high compliance, three Opec sources told Reuters

OPEC+ to meet Saturday on extending cuts, push Iraq and Nigeria to comply

The producers known as OPEC+ previously agreed to cut supply by 9.7 million barrels per day (bpd) during May and June to prop up prices which collapsed due to the coronavirus crisis

OPEC+ to discuss output cut on Saturday as oil dips over uncertainty

Brent crude futures were down 8 cents, or 0.2%, at $39.91 a barrel as of 0106 GMT and US WTI crude futures fell 15 cents, or 0.4%, to $37.26 a barrel

Oil hits $40, cools off as doubts emerge over next step on Opec cuts

Saudi Arabia and Russia have a deal to extend the cuts by a month, but a policy meeting on Thursday rather than later in June is unlikely

Oil prices hit nearly three-month high over hopes for output cuts by OPEC+

US West Texas Intermediate crude (WTI) gained 33 cents, or 0.9%, at $37.14, also the highest since March 6

ATF price follows global trend; up 56.5% to Rs 33,575 for June first half

14.2-kg LPG cylinder costlier by Rs 11.5; while ATF prices are revised once in 15 days, LPG prices change on a monthly basis

Oil slides as US crude, gasoline, oil inventories rise more than expected

The decline extended losses from Wednesday on uncertainty about Russia's commitment to deep oil production cuts in the lead-up to a June 9 meeting of OPEC+

Oil at highest since March on lower US inventories, recovering demand

Crude prices have slumped in 2020, with Brent hitting a 21-year low below $16 a barrel in April as demand collapsed

Saudi Aramco plans $75-billion dividend even as profit plunges 25%

Saudi Aramco, the world's most valuable listed company, will pay a dividend of $18.75 billion for the first three months of 2020.

Coronavirus crisis: Texas regulators do not mandate oil production cuts

Global energy demand has tumbled amid coronavirus-related travel and business restrictions and a glut of oil from shale. U.S. crude collapsed to minus $37 a barrel on April 20

US oil fund had $726 million in unrealised losses before April: Report

The $3 billion exchange-traded product, known as USO, revealed on Tuesday that it had an unrealized loss of $726 million at the end of March

Trading opportunity in energy sector

Traders can benefit from price volatility in the months to come

When oil became waste: A week of turmoil for crude, and more pain to come

The magnitude of how damaged the energy industry is coming into full view on April 20 when the benchmark price of US oil futures plunged to a previously unthinkable minus $38 a barrel

Deep Dive with AKB - Oil's great slide: What this means for India

So what has happened lately to cause such a massive drop? How bad is the global outlook? And what does all this mean for India, which is a major importer of petroleum products? Let's take a Deep Dive

Deep Dive with AKB - Oil's great slide: What this means for India

Brent claws its way back from 20-year low; US crude up 20% in wild trade

Since the start of the year, Brent has fallen about 65 per cent , while WTI has dropped around 75 per cent

US oil futures end in green territory; OPEC discusses 'dramatic situation'

Oil's chaotic collapse deepened, and stocks around the world dropped on Tuesday as the economic carnage caused by the coronavirus pandemic turns markets upside down

WTI crude oil trades in negative for first time at -$37.63 per barrel

In a first, MCX crude oil, too, expires below Rs 1,000