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News
crude oil supply
Crude oil supply News
oil
29 Sep 2016
OPEC agrees modest oil output curbs in first deal since 2008
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group`s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Oil prices
10 Aug 2015
Oil prices fall further on oversupply fears
US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.
Oil markets
15 Apr 2015
Oil market jumps on hopes of easing global supply glut
World oil prices shot higher Wednesday on forecasts that US shale production would likely drop and help ease a global supply glut, analysts said.
OPEC
27 Nov 2014
OPEC move to keep oil output target sparks price slump
OPEC on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a five-dollar collapse in crude prices.
Global oil
14 Jun 2014
India watchful of Iraq crisis, no need to panic: Mayaram
The government is cautious about the crisis in Iraq, which is the second-largest oil supplier after Saudi Arabia.
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