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Oil prices rise as market expects extended production cut

Oil prices rise as market expects extended production cut

Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.

Oil prices rise on expectation of output cut extension

Oil prices rise on expectation of output cut extension

Brent crude futures were at $49.82 per barrel at 0323 GMT on Monday, up 72 cents, or 1.47 percent, from their last close.

Oil hits one-month high near $55 on tighter supplies

Oil hits one-month high near $55 on tighter supplies

Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield lent support.

OPEC move to cut production may adversely affect India

Amit Kapoor and Sankalp Sharma/IANS

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!

Petrol price hiked by 13 paise a litre, diesel cut by 12 paise

Petrol price hiked by 13 paise a litre, diesel cut by 12 paise

Petrol price was on Wednesday hiked by 13 paise a litre, but that of diesel was cut by 12 paise per litre in line with international trends.

Mandi Live : Crude prices fall below $48/barrel in International market

Crude prices fall below $48/barrel in International market. Watch complete news story of Mandi Live and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

`Worse than hell`: Indian migrants recall Saudi nightmare

The workers from India, Pakistan, Bangladesh and the Philippines were left destitute, without enough money to get home or even to buy food after losing their jobs.
 

Mandi live | Crude market on law in international market

Crude market on law in international market.Watch the full segment for more details.

Oversupply in crude may lead to pressure on its price

Oversupply in crude may lead to pressure on its price. Watch this special segment and get to know more here.

Saudi Arabia and Russia sign oil pact, could limit output

Saudi Arabia and Russia sign oil pact, could limit output

Saudi Arabia and Russia on Monday signed a deal to seek cooperation in the oil market, including on limiting output, sending oil prices sharply higher on hopes the two top producers would work together to tackle a global glut.

Price of brent crude crosses 46$ / barrel

Price of brent crude crosses 46$ / barrel. Watch this special segment and get to know more here.

Oil dives 2%, heads for weekly loss as US rigs rise

Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows.

ONGC saddled with Rs 392 cr additional royalty, Rs 1,100 cr burden on Oil India

ONGC saddled with Rs 392 cr additional royalty, Rs 1,100 cr burden on Oil India

ONGC will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise.

Brent oil pushes above $50 for first time in nearly seven months

Brent oil pushes above $50 for first time in nearly seven months

Brent had climbed 34 cents to $50.08 a barrel by 0520 GMT, its highest since Nov. 4. It ended the previous session up $1.13, or 2.3 percent.

India ready to clear $6.5 billion of Iran's oil dues ahead of Modi's visit

India ready to clear $6.5 billion of Iran's oil dues ahead of Modi's visit

Keen to step up engagement in hydrocarbon sector with Iran, India has conveyed to the Persian Gulf nation that it was ready to clear nearly $6.5 billion of the dues for oil import from that country at the earliest, provided there was clarity on payment channel.

 IEA says oil price rout may finally be over

IEA says oil price rout may finally be over

The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks

Oil prices dip on continued oversupply, despite news of meeting to freeze output

Crude oil prices dipped in early trading on Friday as reports of a meeting by oil producers to freeze output failed to convince traders that enough effort was being made to rein in ballooning global oversupply.

Oil slumps again; US crude at 2003 low

Without any particular market-moving news but a persistent global crude oil glut, the oil market slid again Thursday, dragging US crude to its lowest price in nearly 13 years.

US crude oil prices fall as inventories hit record high

US crude prices dipped in early Asian trading on Thursday as oil storage levels hit record highs, and Goldman Sachs said prices would remain low and volatile until the second half of the year.