The bank finds the pace of declines in U.S. crude inventories encouraging, with an acceleration in draw downs expected through the second quarter as OPEC
Oil prices were stable on Wednesday as OPEC said it was committed to draw down a global supply overhang that has dogged markets since 2014, although bloated US output and inventories still weighed on crude
Opec is finally making some headway in its race against the tide of surging US supplies, and speculators are giving the group greater credence
The green is edging out the black in India, courtesy the many wind turbines and solar panels dotting the country.
According to data released by the US Energy Information Administration (EIA), stockpiles swelled by a further 4.95 million barrels to 533.1 million barrels.
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output.
Following the intervention of the US and the World Bank, India and Pakistan will be returning to the negotiating table over the disputed hydropower projects in the Indus Valley in April.
The Street felt that India’s largest gas marketing company may suffer losses as the price of gas it sourced was linked to the US natural gas price
Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market.
India petroleum minister Dharmendra Pradhan and US energy secretary Rick Perry discussed growing cooperation between the two countries in the energy sector in the first minister-level interaction with the Trump administration on Wednesday.