Saudi Arabia may be sowing seeds of an oil crash

Saudi Arabia may be sowing seeds of an oil crash

Saudi Arabia is rumoured to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials want more revenues for their budget and a higher oil price to bolster the valuation of the Aramco IPO. But that shortterm thinking could spell trouble not just for them, but also for oil prices, and ultimately for longevity of oil demand.

First growth in India’s natural gas production in six years

First growth in India’s natural gas production in six years

India’s natural gas production grew for the first time in six years in 2017-18. Gas output grew 2.35 per cent to 32,649 Million Standard Cubic Meter (MMSCM) primarily due to production from onshore blocks offsetting a decline in production from offshore blocks, an ETEnergyWorld analysis of fresh data from the oil ministry shows.

Will higher diesel prices hit consumption?

Will higher diesel prices hit consumption?

Diesel prices are at an all-time high. Will skyrocketing prices hit demand for the fuel? That is a possibility, but the impact owing to prices is unlikely to be much. For one, with the economy picking up steam, the demand outlook for diesel is robust. Secondly, demand for the auto fuel is typically inelastic.

1 2 3 34