Global oil consumption has started to recover as economies emerge from lockdown
24 Jun 2020 10:03 AM
Oil prices have also been supported by a recovery in fuel demand globally following a collapse in April-May during coronavirus shutdowns
22 Jun 2020 8:58 AM
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
OPEC panel will meet on Thursday to further discuss ways to strengthen and review compliance to curb oil production and support prices
17 Jun 2020 9:41 AM
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
At the same time, gasoline stockpiles grew more than expected to 258.7 million barrels
11 Jun 2020 8:48 AM
Distillate fuel stockpiles, rose by 4.3 million barrels, outpacing expectations for a 3 million barrel increase
10 Jun 2020 9:12 AM
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
Markets have been particularly encouraged by a May U.S. jobs report last week that showed a surprise fall in the unemployment rate
09 Jun 2020 9:24 AM
On Saturday OPEC+ agreed to extend the deal by a third month through end-July
08 Jun 2020 9:03 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
OPEC+ countries are set to meet again in early June to discuss maintaining their supply cuts to shore up prices
26 May 2020 8:42 AM
A bleak economic outlook from the U.S. Federal Reserve put downward pressure on oil prices
20 May 2020 9:16 AM
Oil prices jumped to their highest in over two months, as the easing of global lockdowns boosted
19 May 2020 9:15 AM
M&M was the top laggard in the Sensex pack, cracking over 3 per cent
15 May 2020 10:43 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
Tech Mahindra was the top laggard in the Sensex pack, cracking over 5 percent
14 May 2020 10:57 AM
ICICI Bank was the top gainer in the Sensex pack, surging around 7 per cent
13 May 2020 11:07 AM
Global oil demand has plummeted by about 30% as the coronavirus pandemic curtailed movement across the world
11 May 2020 9:11 AM
Oil markets were battered in April as the virus strangled demand owing to business closures and travel restrictions
08 May 2020 9:35 AM