Oil supply

Oil rises to 26-month high; Turkey threatens to cut Kurdistan oil pipeline

Oil rises to 26-month high; Turkey threatens to cut Kurdistan oil pipeline

London Brent crude for November delivery was up 1 cent at USD 59.03 a barrel after settling up 3.8 percent on Monday. Earlier it rose to USD 59.49, the highest since July 10, 2015.

Sep 26, 2017, 13:54 PM IST
Oil off on supply fears; stocks slip before French election

Oil off on supply fears; stocks slip before French election

Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks slipped ahead of the first round of the French presidential election on Sunday.

Apr 22, 2017, 15:24 PM IST
OPEC supply cut deal to add as much as $10 to H1 2017 oil prices: Goldman

OPEC supply cut deal to add as much as $10 to H1 2017 oil prices: Goldman

Goldman Sachs said the deal reached by OPEC crude producers on Wednesday to curb output should add $7 to $10 to oil prices in the first half of next year.

 

Sep 29, 2016, 11:58 AM IST
India set to buy Iran oil for emergency reserves

India set to buy Iran oil for emergency reserves

India is set to buy 6 million barrels of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates` national oil company for supplies are stuck over commercial terms, industry sources said.

Sep 20, 2016, 13:07 PM IST
Oil prices dip in Asia as oversupply worries return

Oil prices dip in Asia as oversupply worries return

Oil prices turned lower again in Asia on Wednesday after data indicated a rise in US stockpiles, reigniting concerns about a supply glut, while profit-takers stepped in after the previous day's surge.

Jul 13, 2016, 10:40 AM IST