Crude Oil | The Asian Age

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Brent crude oil futures were at USD 67.03 per barrel at 0231 GMT, down 13 cents, or 0.2 per cent.

Oil slips on economic slowdown, but OPEC-led cuts still support

OPEC’s de-facto leader Saudi Arabia said on Sunday that balancing oil markets was far from done as inventories were still high.

18 Mar 2019 10:25 AM

The US still hopes that the issue can still be resolved before the election and certainly after the elections. (Representational Photo)

US says India welcome to bring in serious trade proposals for discussion

Observing that trade is an area of frustration, the US has said that the door is open if India is prepared to bring a serious proposal.

16 Mar 2019 12:04 PM

US likely renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers China and India.

US aims to cut Iran oil exports to under 1 mn bpd from May: sources

US officials were constantly assessing global oil markets to determine the way forward with Iran sanctions waivers.

14 Mar 2019 10:16 AM

Industry sources said Reliance had a contract to buy some 3 million barrels of crude oil from Venezuela a month.

Reliance halts oil exports to Venezuela in view of US sanctions

Reliance has investments in US shale gas projects and trades fuel in North America.

14 Mar 2019 9:14 AM

Airlines in the Asia/Pacific region posted a demand increase of 7.1 per cent in January, compared to the same month last year.

Asian jet fuel profit margins hit over eight-month low on weak demand

Jet fuel cracks have shed about 9 pc in the last 1 week, and are currently about 7 pc weaker than this time last year.

13 Mar 2019 2:16 PM

Traders also pointed to the political and economic crisis in OPEC-member Venezuela as a driver for oil prices.

Oil prices rise amid broad market rally, OPEC supply cuts

Brent crude futures were at USD 66.75 per barrel, up 17 cents, or 0.3 per cent.

12 Mar 2019 8:35 AM

US crude oil production has increased by more than 2 million bpd since early 2018, to an unprecedented 12.1 million bpd.

Oil prices slide on economic slowdown, surging US supply

WTI crude oil futures were at USD 56.32 per barrel, down 34 cents, or 0.6 per cent.

08 Mar 2019 10:42 AM

Brent crude futures were at USD 66.36 per barrel, up 37 cents, or 0.6 per cent.

Oil edges up on OPEC cuts, US sanctions against Venezuela and Iran

US crude oil production remained at a record 12.1 million bpd, an increase of more than 2 million bpd since early 2018.

07 Mar 2019 10:54 AM

US crude inventories rose by 7.3 million barrels in the week ending March 1 to 451.5 million.

Oil falls on rising US production, stockpile build

International Brent futures were down 55 cents, or 0.8 percent, at USD 65.31 a barrel.

06 Mar 2019 10:31 AM

US West Texas Intermediate (WTI) crude futures were at USD 56.07 per barrel, up 27 cents, or 0.5 per cent.

Oil rises on US, China trade deal hopes, OPEC's ongoing supply cuts

OPEC exports are off by over 1.5 million barrels per day (bpd) since November.

04 Mar 2019 12:19 PM

Oil rises on OPEC-led supply cuts, but economic weakness weighs

Traders said oil markets were currently tightening.

01 Mar 2019 12:36 PM

Traders said China’s weakening economy also weighed on oil prices.

Oil slides as US crude production hits record, Asia factory output weakens

WTI crude oil futures were at USD 56.92 per barrel, down 2 cents from their last settlement.

28 Feb 2019 10:23 AM

Oil advances as OPEC set to continue supply cuts despite US pressure to ease

International Brent crude futures were at USD 65.48 per barrel, up 27 cents, or 0.4 per cent from their last close.

27 Feb 2019 2:53 PM

Indonesia and Malaysia are the world’s biggest producers of palm oil and India, the world’s largest importer of edible oils, is an important market for both. (Photo: File)

Indonesia asks India to cut palm oil tariffs in exchange for sugar imports

Jakarta asked for a 5 percentage point cut in India’s import tax to match the tariff of 45 pc New Delhi charges on products from Malaysia.

23 Feb 2019 4:10 PM

International Brent crude futures were at USD 66.87 per barrel at 0326 GMT, down 20 cents, or 0.3 per cent, from their last close.

Oil prices fall as US crude output hits record 12 million bpd

WTI crude oil futures were at USD 56.84 per barrel, down 12 cents, or 0.2 per cent

22 Feb 2019 10:14 AM

US crude oil stocks rose by 1.3 million barrels to 448.5 million barrels in the week to Feb 15.

Oil hovers near 2019 highs amid OPEC cuts

Oil prices have been driven up this year by supply cuts led by the Organisation of the OPEC.

21 Feb 2019 4:34 PM

OPEC-member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia.

Oil near 2019 highs amid OPEC cuts, US sanctions

OPEC as well as some non-affiliated producers such as Russia agreed late last year to cut output by 1.2 mn barrels per day.

20 Feb 2019 11:00 AM

The requirement to import downstream petrochemicals and chemicals due to demand-supply gap has further increased India’s import dependency.

Oil & gas prospects looking up: Technip

According to Balvalli, the current major challenge the Modi government faces is to ensure internal energy security.

20 Feb 2019 2:43 AM

Traders said the slight downward correction was driven by concerns about the health of the global economy this year.

Brent oil eases from 2019 highs as markets await trade talks outcome

Brent crude oil futures were at USD 66.08 per barrel at 0220 GMT, down 42 cents, or 0.6 per cent from their last close.

19 Feb 2019 1:34 PM

The term contract follows IOC signing up to buy crude oil from the US through a term-tender deal in August last year.

IOC signs USD 1.5 billion deal to buy US crude oil

This is the first term contract finalised by any Indian PSU oil company for import of US origin crude oil grades.

18 Feb 2019 5:12 PM

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Sunil Gatade