Saturday, Nov 27, 2021 | Last Update : 07:10 AM IST

oil market

Oil prices inch higher after sharp drop in US crude inventories

Inventories of crude oil in the US dropped by 6.8 million barrels last week to 531 million barrels

29 Jul 2020 9:12 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 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 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

OPEC, Russia extend record oil cuts to end of July

OPEC+ also demanded countries such as Nigeria and Iraq to compensate with extra cuts in July to September

07 Jun 2020 8:44 AM

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Oil falls amid concerns about second wave of virus, rise in inventories

Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump

13 May 2020 8:29 AM

Oil jumps after Trump lays out plan for reopening of virus-hit US

Oil markets tracked a rise in Asian stock markets and on Wall Street overnight

17 Apr 2020 9:03 AM

When Iran exports fall after US sanctions, Saudi to open its oil tap

Saudi is only producer with significant spare capacity of around 2 million bpd that can be tapped to compensate loss of Iranian supplies.

04 Nov 2018 1:37 PM

Oil market is balanced, says Qatar energy minister

Oil prices have been rising as US sanctions against Iran’s crude exports are set to start next month.

08 Oct 2018 10:54 AM

LPG price up Rs 2 per cylinder, jet fuel hiked by steep 7 per cent

A household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year.

01 Jun 2018 3:48 PM

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Aviation, OMC stocks surge as crude oil weakens

The BSE benchmark Sensex surged 240.61 points to end at 35,165.48.

28 May 2018 7:51 PM

Saudi Arabia happy with oil market, won't let another glut form

The world’s biggest exporter of oil will not sit by and let another supply glut surface.

11 Apr 2018 2:49 PM

Vladimir Putin wants oil output cut to continue

Participants are showing confidence about glut erosion.

05 Oct 2017 3:58 AM

Poor demand in China, India hurts oil market

Japan recorded a dip in demand for oil due to an ageing population.

24 Jun 2017 4:00 AM

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