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Oil slips $1 on concerns U.S. production is rising

Oil slips $1 on concerns U.S. production is rising

Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.

Oil hits 18-month high as markets eye output cuts

Oil hits 18-month high as markets eye output cuts

Benchmark Brent crude jumped more than 2 percent to a high of $58.37, up $1.55 a barrel and its highest since July 2015.

FPI bearish stand continues; foreign investors pull out over Rs 19,500 crore

FPI bearish stand continues; foreign investors pull out over Rs 19,500 crore

Over Rs 19,500 crore have been pulled out from capital market this month so far by the foreign investors amid policy rate hike by the US Federal Reserve and increases oil prices.

 Petrol, diesel prices likely to be hiked by up to Rs 7 per litre as global crude prices soar

Petrol, diesel prices likely to be hiked by up to Rs 7 per litre as global crude prices soar

With oil prices at the international market hitting $55 a barrel, oil companies in India are likely to hike the prices of petrol and diesel on Thursday.

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.

Petrol price likely to touch Rs 80 per litre, diesel Rs 68/litre

Petrol price likely to touch Rs 80 per litre, diesel Rs 68/litre

The price of petrol is seen touching Rs 80 and diesel Rs 68 per litre if global oil prices cross $60 a barrel.

OPEC move to cut production may adversely affect India

Amit Kapoor and Sankalp Sharma/IANS

'Petrol, diesel prices likely to rise in the nex 3-4 months'

'Petrol, diesel prices likely to rise in the nex 3-4 months'

With the Organisation of Petroleum Exporting Countries (Opec) cutring production of crude oil by 1.2 million barrels per day (mpbd) for the first time since 2008, fuel prices in India are likely to rise in the next 3-4 months.

Big News : OPEC decides to reduce its oil production

OPEC decides to reduce its oil production. Watch complete news story of News 360 for getting detailed updates!

OPEC agrees to reduce oil production, first since 2008

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Oil prices jump 8% as OPEC agrees first production cut since 2008

Oil prices jump 8% as OPEC agrees first production cut since 2008

Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world`s largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices.

Kuwait cabinet submitted resignation after Parliament polls

Kuwait cabinet submitted resignation after Parliament polls

The move falls in line with the emirate`s constitution which requires the cabinet to step down after polls.
 

Russia set to gain from oil production freeze

Russia set to gain from oil production freeze

With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from agreeing a deal with the OPEC cartel on limiting production.

Nasdaq hits record intraday high as Wall Street soars with oil prices

Nasdaq hits record intraday high as Wall Street soars with oil prices

Wall Street rose on Monday morning, with the Nasdaq hitting a record intraday high, helped by a jump in technology shares and as higher oil prices boosted energy stocks.

Weak US dollar pushes oil at three-week high ahead of OPEC meeting

Weak US dollar pushes oil at three-week high ahead of OPEC meeting

Oil prices rose on Monday to their highest in three weeks, catching a lift from a weaker U.S. dollar and from cautious money managers, as OPEC appeared to be moving closer to agreeing an output cut when it meets next week.

Iran oil exports hit 2.44 million barrels per day

Iran oil exports hit 2.44 million barrels per day

Iran boosted its oil exports to 2.44 million barrels per day in late October as it regains market share lost during years of international sanctions, its oil minister said Wednesday.

Oil climbs above $52 per barrel on support from US fuel stocks

 Supported by drop in US fuel inventories, oil price climbed above $52 per barrel on Friday. It comes at a time when OPEC is mulling over a plan to reduce oil production.  

Russia to drive non-OPEC output rise in 2017: Cartel

Russia to drive non-OPEC output rise in 2017: Cartel

OPEC said Wednesday that new projects in Russia were set to drive oil production by countries outside the exporters' cartel slightly higher next year than first expected.

Crude oil down on OPEC doubts as it floats 6-month output cap plan

Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut.

Oil glut to last until mid-2017 unless OPEC cuts output: IEA

Oil glut to last until mid-2017 unless OPEC cuts output: IEA

A massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output, the International Energy Agency (IEA) said today.