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
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
The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week
07 Jul 2020 9:04 AM
On Saturday OPEC+ agreed to extend the deal by a third month through end-July
08 Jun 2020 9:03 AM
OPEC+ also demanded countries such as Nigeria and Iraq to compensate with extra cuts in July to September
07 Jun 2020 8:44 AM
OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output into July or August
03 Jun 2020 11:35 AM
Saudi Arabia is proposing to extend record cuts from May and June until the end of the year, but has yet to win support from Russia
01 Jun 2020 9:11 AM
Prices have been lifted by more signs that oil output is falling among OPEC and other major producers
15 May 2020 9:05 AM
ICICI Bank was the top gainer in the Sensex pack, surging around 7 per cent
13 May 2020 11:07 AM
The official start of output cuts agreed between Organization of Petroleum Exporting Countries (OPEC) and other major producers like Russia
01 May 2020 8:38 AM
Oil markets tracked a rise in Asian stock markets and on Wall Street overnight
17 Apr 2020 9:03 AM
The International Energy Agency said Wednesday that 2020 was likely to be "the worst year in the history" of the sector
16 Apr 2020 9:00 AM
United States is reducing output as well and other countries are taking estimated cut in production to about 19.5 million barrels per day
14 Apr 2020 11:27 AM
Oil benchmarks surged in early Asian trade, with WTI climbing nearly eight percent and Brent up five percent
13 Apr 2020 9:58 AM
In the compromise reached they agreed to a cut of 9.7 million barrels per day from May
13 Apr 2020 8:59 AM
The White House has yet to enforce secondary sanctions announced in August aimed at non-US companies buying Venezuelan oil.
07 Feb 2020 12:36 PM
Brent crude LCOc1 futures were up by 74 cents, or 1.1 per cent, to 65.59 by 0331 GMT, having earlier reached USD 66.00 a barrel.
20 Jan 2020 11:11 AM
Brent crude was down 13 cents, or 0.2 per cent, at USD 64.85 per barrel.
13 Jan 2020 11:48 AM
Prices were also supported by higher compliance among the OPEC on meeting production quota curbs aimed at reducing supply.
07 Jan 2020 10:04 AM
West Texas Intermediate was up 20 cents, or 0.3 per cent, at USD 61.31 a barrel.
26 Dec 2019 10:44 AM