Saturday, Jan 22, 2022 | Last Update : 06:14 PM IST

OPEC Page-2

Oil rises, supported by trade deal, OPEC cuts

West Texas Intermediate was up 20 cents, or 0.3 per cent, at USD 61.31 a barrel.

26 Dec 2019 10:44 AM

Oil drops as market awaits ratification of OPEC+ supply cut

The group has been withholding 1.2 million bpd and the increased amount represents about 1.7 per cent of global oil output.

06 Dec 2019 9:56 AM

Oil rises amid optimism over OPEC supply cuts, hopes on US-China trade

OPEC+ on Jan 1 this year cut output by 1.2 million barrels per day (bpd), and in July, renewed the pact until March 2020.

15 Nov 2019 3:41 PM

Oil gains on US crude stocks fall, OPEC comments on slower US shale growth

Brent futures LCOc1 rose 39 cents, or 0.6 per cent, to USD 62.76 per barrel.

14 Nov 2019 12:56 PM

Oil slips as US-China trade deal hopes dwindle

A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.

13 Nov 2019 10:54 AM

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Oil unchanged after overnight losses amid caution over trade talks

US crude exports fell nearly 1 million barrels last week to 2.4 million barrels per day.

07 Nov 2019 8:42 AM

Oil edges down; eyes on data amid trade deal hopes

Traders may be taking profits on oil ahead of uncertainty around macro-economic data and US oil inventory reports.

04 Nov 2019 9:46 AM

Oil prices edge higher as OPEC hints at deeper output cuts

US West Texas Intermediate (WTI) crude CLc1 had gained 16 cents or 0.3 per cent to USD 52.97 a barrel.

16 Oct 2019 12:13 PM

Oil prices extend losses as weak China data compounds US-China trade deal doubts

Brent crude futures LCOc1 fell 30 cents, or 0.5 per cent, to USD 59.067 barrel.

15 Oct 2019 9:29 AM

Saudi oil prices for Asia expected to jump in November after attack

Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.

03 Oct 2019 10:54 AM

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Oil prices climb as positive China factory data eases demand concerns

World’s top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day.

30 Sep 2019 9:26 AM

Oil falls more than 1 pc as market awaits response to Saudi oil attacks

The company has not given a specific timeline for the resumption of full output.

17 Sep 2019 10:33 AM

Oil prices gain after bigger-than-expected fall in US stockpiles

Iran’s oil exports were slashed by more than 80 per cent due to re-imposed sanctions by the United States.

11 Sep 2019 10:37 AM

Oil hits six-week high on hopes of extended OPEC output cuts

In the United States, crude stockpiles are likely to have fallen for a fourth consecutive week last week.

10 Sep 2019 10:48 AM

Oil prices fall as market eyes trade war, awaits stocks data

US crude was down 26 cents, or 0.5 per cent, at USD 54.84 a barrel by 0644 GMT, while Brent was down 6 cents at USD 58.60 a barrel.

03 Sep 2019 1:19 PM

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Oil set for biggest weekly gain since July on trade dispute hopes

WTI futures, slumped last week by nearly 2 million barrels to their lowest since December.

30 Aug 2019 11:09 AM

Oil gains, led by US crude, as recession worries ease

Crude oil prices have fallen about 20 per cent from 2019 highs reached in April.

28 Aug 2019 11:54 AM

Why the CIA doesn't spy on the UAE

The CIA’s failure to adapt to the UAE’s growing military and political ambitions amounts to 'dereliction of duty,' said former CIA official.

27 Aug 2019 10:22 AM

Oil prices edge down as traders weigh slowing demand against supply curbs

Brent crude futures LCOc1 were down 11 cents or 0.2 per cent, from the previous settlement.

13 Aug 2019 8:37 AM

Trump freezes all Venezuelan govt assets in bid to pressure Prez Maduro

Russian and Chinese companies are among those still doing significant business in the South American OPEC nation.

07 Aug 2019 3:38 PM

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