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US Oil News

India's oil import from US

10 Jul 2017

India buys first ever US crude oil, to step up purchases

The purchase comes after Indian Prime Minister Narendra Modi`s visit to the US in June when President Donald Trump said his country looked forward to exporting more energy products to India.

22 Jun 2016

Oil prices above $50, buoyed by US stock draw

Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks.

20 Jan 2016

Oil heads towards $27 per barrel as IEA warns market could 'drown in oil'

Prices have crashed about 75 percent since mid-2014, hit by a perfect storm of a supply glut, weak demand, a slowing global economy and a strong dollar.

19 Dec 2015

India to benefit as US lifts 40-year-old ban on oil export

The United States on Friday lifted a 40-year-old ban on export of oil, thus paving the way for energy deficient countries like India to open up another frontier to import oil from a distant friendly nation.

19 Dec 2015

Now, India can import oil from US: Know why

The United States on Saturday lifted a 40-year-old ban on export of oil.

24 Aug 2015

Brent and US oil mark fresh 6-1/2-year lows on China and oversupply

US October crude also had dropped 60 cents to $39.85 a barrel, after hitting $39.71 a barrel or the lowest since $39.44 in March of 2009.

16 Mar 2015

US oil price hits six-year low

New York oil prices sank to a six-year low on Monday, falling below $44 per barrel as the market was plagued by plentiful supplies and the strong dollar.

04 Mar 2015

ExxonMobil cuts capital spending on falling oil prices

US oil giant ExxonMobil said Wednesday it would reduce investment spending by nearly 12 percent this year in response to lower crude-oil prices.

06 Jan 2015

US oil price drops below $50 a barrel

Near 1630 GMT, US benchmark West Texas Intermediate for delivery in February briefly dipped to USD 49.95 a barrel, before rallying somewhat to USD 50.20 a barrel.

15 Oct 2014

US bid for oil supremacy shakes crude market

Propelled by surging shale output, the United States is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.

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