Need Affordable Oil Prices for Masses: Pradhan to Producers
Petroleum Minister Dharmendra Pradhan has asked oil producing nations to price crude oil at “reasonable” levels to ensure availability of fuel to Indians at affordable rates.
Oil Rises Slightly, But Growing Global Supply A Worry
Oil prices rose modestly on Monday, but rising drilling activity in the United States and uncertainty over Libyan and Nigerian production cuts clouded the future supply outlook.
Oil Edges Up But Market Still Under Pressure
Oil prices recovered some losses on Monday after a 3 percent fall in the previous session, but markets remain under pressure from high drilling activity in the United States and ample supplies from producer club OPEC.
Oil Recovers Some Losses But Market Still Under Pressure
Oil prices recovered some losses on Monday after a 3 percent fall in the previous session, but markets remain under pressure from high drilling activity in the United States and ample supplies from producer club OPEC.
Oil Prices Drop 3 Percent On Rising Global Supplies
Oil prices settled nearly 3 percent lower on Friday as rising U.S. production as OPEC exports hit a 2017 high cast doubt over efforts by producers to curb global oversupply.
Oil prices slip as physical excess overpowers OPEC
Oil slid back towards multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite OPEC-led efforts to balance the market.
Oil prices fall on further rise in US drilling, signs of slowing demand
Oil prices fell early on Monday, weighed down by high supplies despite an OPEC-led initiative to cut production to tighten the market.
Oil dives 5 pct on surprise build in U.S. crude, gasoline stocks
Oil prices slid 5 percent on Wednesday to a one-month low, after an unexpected increase in U.S. inventories of crude and gasoline fanned fears that output cuts by major world oil producers have not done much to drain a global glut.
Gas-rich Qatar’s Dispute With Arab States Pushes Up Oil Prices
Crude prices rose on Monday morning as Saudi Arabia and key allies on Monday cut ties with Qatar, the world’s top seller of liquefied natural gas (LNG), accusing it of supporting extremism and sending shockwaves through the energy industry.
Oil prices at 3-week low as rising output risks Opec-led output cuts
Oil prices fell to a three-week low on Wednesday with Brent set for its fifth monthly loss despite Opec-led output cuts to reduce a global glut to try shore up prices.
