Thursday, Jan 20, 2022 | Last Update : 07:55 AM IST

OPEC Page-5

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

Oil prices firm as supply deficit emerges amid disruptions

OPEC+ will meet in Baku, Azerbaijan, over the weekend to review its output policy, although most expect the cuts to continue for now.

15 Mar 2019 10:49 AM

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

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

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

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With new trade tensions with US looming, India looks to extend Iran loan-waiver

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day.

08 Mar 2019 1:06 PM

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

India wants to keep Iran oil purchases at 300,000 bpd in extended waiver: sources

India has reduced its purchases of Iranian oil but has been in talks on extending its sanctions waiver.

07 Mar 2019 4:13 PM

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

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

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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 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

Oil prices firm on hopes for US, China trade deal

WTI crude futures were at USD 57.38 per barrel, up 11 cents, or 0.2 per cent, from their last settlement.

25 Feb 2019 10:20 AM

Oil hits 2019 highs on US-China trade hopes, but US output weighs

The global benchmark fell 5 cents to settle at USD 67.12 a barrel.

23 Feb 2019 12:30 PM

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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

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

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

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

Brent crude oil slips away from 2019 high after China reports car sales drop

At least partly offsetting the supply cuts has been a surge in US crude oil production by more than 2 million bpd in 2018.

18 Feb 2019 10:21 AM

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