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Oil markets
Oil markets News
Gulf OPEC members
01 Jun 2016
Gulf OPEC members seek to revive global oil output deal
Vienna: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact.
oil
08 Sep 2015
Weak economic outlook and oversupply weigh on oil markets
Japan`s economy shrank an annualised 1.2 percent in April-June, revised GDP data showed on Tuesday, despite ongoing government and central bank measures to support growth.
Oil markets
28 Aug 2015
Oil markets catch breath after biggest gains in six years
Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.
Crude Oil
26 Aug 2015
Oil price near 6.5-year low as China economy fears linger
Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.
OPEC
25 Aug 2015
Without Saudi support, talk of OPEC emergency meeting is just noise
Once upon a time, talk of an emergency OPEC meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.
Crude Oil
21 Aug 2015
Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years
US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.
Oil prices
20 Aug 2015
Five key reasons behind falling oil prices
Here are the 5 key reasons of oil price decline.
Crude Oil
27 Jul 2015
Oil hits four-month low on China stocks tumble, supply worries
Crude oil futures hit four-month lows on Monday after a steep drop in China`s stock markets spread concerns about the economic health of the world`s biggest energy consumer, amid evidence of a growing crude glut.
Crude Oil
30 May 2015
Oil up more than 1% after US inventory drop
Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.
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.
IEA
15 Apr 2015
IEA says oil supply boost may defer market tightening
The agency raised its forecast for global oil demand growth in 2015 for a second consecutive month, citing strong pockets of consumption in Europe, India and the United States.
oil
22 Dec 2014
Oil markets face uncertain future as OPEC targets competitors
A supply glut, lower demand and the stronger US dollar have all contributed to pushing down oil prices, which have dropped nearly 50 percent since June to around $60 a barrel.
Saudi
11 Dec 2014
Brent edges up toward $65, but Saudi stance on output curbs gains
Brent crude ticked higher on Thursday but remained below $65 per barrel, and not far above five-year lows hit in the previous session, with the market`s bearish tone largely intact.
Diesel
01 Jul 2014
Losses on diesel more than double to Rs 3.40 a litre
With escalating violence in Iraq spooking international oil markets, losses on the sale of diesel have more than doubled to Rs 3.40 a litre even after monthly price increases.
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