Friday, Apr 26, 2024 | Last Update : 02:24 AM IST
oil supply
Oil falls as worsening pandemic threatens recovery
In the US, energy drillers cut the number of oil and natural gas rigs operating to a record for an 11th week in a row
20 Jul 2020 8:05 AM
Oil prices slip after OPEC, allies agree to loosen supply curbs
OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the coronavirus pandemic
16 Jul 2020 8:53 AM
Oil prices drop on demand recovery fears, OPEC+ easing expectations
The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend next level of cuts
14 Jul 2020 11:34 AM
Oil slips as traders eye supply cut easing at OPEC meeting
Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three months since May
13 Jul 2020 9:02 AM
Oil falls in second straight session as virus cools demand
Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to record low last week
29 Jun 2020 8:50 AM
Oil prices slides as US crude stockpile growth heightens oversupply fears
Global oil consumption has started to recover as economies emerge from lockdown
24 Jun 2020 10:03 AM
Oil prices drop on demand worries as coronavirus cases rise
A rise in US crude stockpiles to a record high for a second week in a row also weighed on sentiment
18 Jun 2020 9:27 AM
Oil prices drop as coronavirus infections rise
Production from seven major U.S. shale formations is likely to drop to close to a two-year low of 7.63 million barrels per day by July
16 Jun 2020 9:02 AM
Oil drops after jump in US crude stockpiles, renews oversupply concerns
Distillate fuel stockpiles, rose by 4.3 million barrels, outpacing expectations for a 3 million barrel increase
10 Jun 2020 9:12 AM
Oil prices rise as easing of lockdown spurs fuel demand
U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels respectively in a week
09 Jun 2020 11:37 AM
Oil prices inch higher after OPEC+ extends output cuts to end-July
On Saturday OPEC+ agreed to extend the deal by a third month through end-July
08 Jun 2020 9:03 AM
Saudi seeks oil supply protection as US and Iran face off
Thursday’s tanker attacks in the Gulf of Oman exacerbated the antagonistic fallout from similar blasts in May that crippled four vessels.
17 Jun 2019 8:19 AM
Oil plunges nearly 8 per cent despite talk of output cut
Brent fell 11.3 per cent and WTI posted a 10.8 per cent decline, the largest one-week drop since January 2016.
24 Nov 2018 10:16 AM
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