Fri, Sep 01, 2023
Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations of the OPEC+ group of oil producers extending output cuts to the end of the year.
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Wed, Jun 29, 2022
OPEC and OPEC+, which includes allies such as Russia, began a series of two-day meetings on Wednesday with sources saying chances of a big policy change look unlikely this month.
Fri, Jan 12, 2018
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.
Wed, Jan 10, 2018
Given the negative balance on Petro account, CARE stated that higher prices of crude oil will increase the trade deficit and put pressure on the rupee.
Sat, Jan 06, 2018
Oil prices have received general support from production cuts led by OPEC and Russia
Wed, Nov 29, 2017
Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the market has already priced in, and after a report of an unexpected rise in U.S. crude oil inventories.
Mon, Mar 20, 2017
US oil output has risen to over 9.1 million bpd from below 8.5 million bpd in June last year.
Thu, Mar 16, 2017
Prices surged on Wednesday after a slew of market reports and official data offered some hope that a near three-year global glut in oil is coming to an end, albeit more slowly than many anticipated.
Thu, Oct 20, 2016
The Energy Information Administration (EIA) said in its weekly report that US crude inventories dropped by 5.2 million barrels to a total of 468.7 million barrels in the week through October 14, Xinhua news agency reported.
Mon, Oct 17, 2016
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand.
Fri, Oct 14, 2016
"Oil prices rose overnight despite rising stockpiles in the U.S., as fuel supplies in the U.S. fell to the lowest level this year," ANZ bank said in a morning note on Friday.
Wed, Sep 28, 2016
Crude futures fell about 3% on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply.
Wed, Sep 21, 2016
Traders said that the main WTI price driver had been American Petroleum Institute data showing a 7.5-million barrel draw to 507.2 million barrels in U.S. crude inventories, the third weekly stock draw.
Mon, Aug 15, 2016
On Monday, Russian Energy Minister Alexander Novak bolstered hopes that oil producing nations could take action to stabilise prices, telling a Saudi newspaper that his country was consulting with Saudi Arabia and other producers to achieve market stability.
Thu, Jun 30, 2016
Oil prices fell in early trade on Thursday, with Brent futures struggling to defend $50.1 per barrel as fears over strike outages in Norway faded and as Nigeria`s production improved.
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