Oil prices edge up on hopes for US-China trade breakthrough

Oil prices edge up on hopes for US-China trade breakthrough

Oil prices inched up on Thursday, buoyed by hopes that potential progress in the latest Sino-US tariff talks would improve the global economic outlook. US West Texas Intermediate (WTI) crude futures were at $53.76 per barrel at 2338 GMT

US NSA tweets warning to India against buying Venezuelan oil

US NSA tweets warning to India against buying Venezuelan oil

The hardline US National Security Adviser John Bolton has issued a warning to India against buying Venezuelan oil, saying it “will not be forgotten” and that Venezuela’s Foreign Minister Jorge Alberto Arreaza has countered that it was an attempt to impose Washington’s global “dictatorship”.

Gail India sells U.S. LNG cargoes

Gail India sells U.S. LNG cargoes

India’s state-owned gas distribution company Gail has flooded the liquefied natural gas (LNG) market this month with offers to sell cargoes from the U.S. Gulf due to a shortage of tankers available to ferry to fuel to India.

Indian Oil Looking For Annual Deal To Buy Oil From US

Indian Oil Looking For Annual Deal To Buy Oil From US

Indian Oil Corp, the country’s top refiner, is looking for an annual deal to buy US crude as it seeks to broaden its oil purchasing options, its chairman said on Wednesday, amid uncertainties over imports from Iran.

Oil prices fall on rising US rig count, economic slowdown

Oil prices fall on rising US rig count, economic slowdown

Oil prices fell on Monday after U.S. energy firms added rigs for the first time this year in a sign that crude production there will rise further. U.S. spot crude oil futures were at $53.37 per barrel at 0027 GMT, down 32 cents, or 0.6 percent, from their last settlement.

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