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Oil sits near half-year lows as global supply overhang weighs

Oil sits near half-year lows as global supply overhang weighs

Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.

Oil hits 3-week highs as OPEC deal extension seen likely

Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply.

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.

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.

Crude oil eases off 4-month high as speculators doubt deal to cut output

Crude oil eases off 4-month high as speculators doubt deal to cut output

 Oil eased off four-month highs on Monday as doubts over oil producers reaching a meaningful output cut deal brought some speculators to unwind bullish bets.

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.

 

Oil prices fall as Brexit lingers, refined products glut looms

Oil prices fall as Brexit lingers, refined products glut looms

Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.

Moody's ups oil price forecast to $40 per barrel for 2016

Moody's ups oil price forecast to $40 per barrel for 2016

Moody's Investors Service on Friday revised upwards its price forecast for oil this year on the back of recent uptick in rates.

No final decision taken on crude extraction by OPEC group

No final decision taken on crude extraction by OPEC group. 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!

Oil prices may drop to $25/barrel: Moody's

Oil prices may drop to $25/barrel: Moody's

Global oil and gas prices are likely to remain at current lows for several years, with oil dropping to USD 25 per barrel if Iranian production more than offsets supply cuts elsewhere, Moody's Investors Service said Tuesday.

 

World Bank cuts 2016 oil forecast, Indian basket at 14-year low

World Bank cuts 2016 oil forecast, Indian basket at 14-year low

World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections.

Oil plunges below $30 per barrel, first time since Dec 2003

Oil plunges below $30 per barrel, first time since Dec 2003

Oil plunged below $30 per barrel on abundant crude supplies, as OPEC member Nigeria called for an emergency meeting to address collapsing prices that have ravaged revenues.

Oil options lurch closer to $20 per barrel Goldman doomsday forecast

When US investment bank Goldman Sachs said last year that oil could fall as low as $20 per barrel, it assigned a fairly low probability to that scenario.

 

Oil slides below $33 to near 12-year low as China turmoil rattles investors

Oil slides below $33 to near 12-year low as China turmoil rattles investors

Oil fell below $33 a barrel on Thursday for the first time since April 2004 as a fall in Chinese shares rattled investors already concerned by near-record production and massive stockpiles of unwanted crude and refined products.

 

Oil falls to $37, near 11-year low, as excess supply weighs

Oil falls to $37, near 11-year low, as excess supply weighs

Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.

Oil hits 11-year low on glut worries

Oil hits 11-year low on glut worries

European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.

 

Global crude oil price of Indian basket falls to $34.20/barrel

The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 34.20 per barrel on Wednesday, compared to USD 34.25 per barrel on the previous publishing day.

US crude resumes decline as oversupply concerns return

US crude oil prices fell in early Asian trade, resuming their decline after strong gains on Monday snapped a six-day losing streak, on concerns about a global glut and mild winter demand.

Know how low oil prices affect Indian economy

Know how low oil prices affect Indian economy

Know how low oil prices will create favourable environment for the Indian economy...

 

Know why petrol price in India is so high despite oil in international market at 11-year low

Know why petrol price in India is so high despite oil in international market at 11-year low

Despite deregulation, prices of petrol and diesel in India are very high than that of international crude oil.