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Oil hits highest in nearly two weeks on Asian equity recovery
Mon, Feb 19, 2018
The US oil rig count, an indicator of future production, rose by seven to 798, its highest since April 2015, according to a weekly report from General Electric`s Baker Hughes unit.
Oil stable on weak dollar, economic growth, but pockets of oversupply linger
Wed, Feb 14, 2018
The Saudi energy ministry said on Wednesday that Saudi Aramco`s crude output in March will be 100,000 barrels per day (bpd) below its February level while exports would be kept below 7 million bpd.
Brent prices tick up, trade above $62 as global markets rebound
Tue, Feb 13, 2018
Oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week. US West Texas Intermediate (WTI) crude futures were at $59.44 a barrel at 0103 GMT. That was up 15 cents, or 0.25 per cent, from their last settlement.
Key developments to track today: SGX Nifty tanks 250 points and more
Fri, Feb 09, 2018
The domestic market is expected to open sharply lower, tracking a negative trend seen in global markets after Wall Street plummeted around 4 per cent overnight in yet another dramatic session, with the Dow Jones slipping below its 100-DMA.
Galaxy Surfactants listing, choppy trade in Asia among key things to track today
Thu, Feb 08, 2018
The domestic market look set to open higher, snapping its seven-session long losing streak, even as Asian markets were trading low. At 8:15 am, SGX Nifty was trading at 10,499, up 47 points or 0.45 per cent.
Oil nears one-month low, volatile equities keep investors jittery
Mon, Feb 05, 2018
Brent crude futures were down 70 cents at $67.88 a barrel by 1435 GMT, while US West Texas Intermediate crude fell 42 cents to $65.03
Brent holds above $70 on strong demand, OPEC-led supply restraint
Mon, Jan 29, 2018
Oil markets have been propped up by supply restraint lead by the Organization of the Petroleum Exporting Countries (OPEC) and Russia, which started in January last year and are scheduled to last through 2018.
Asia markets rise for 11th straight session, Trump helps dollar bounce
Fri, Jan 26, 2018
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.25 per cent for the day, led by gains in Chinese financial and property shares.
Oil hits highest since late 2014 on U.S. crude inventory drop, weaker dollar
Thu, Jan 25, 2018
Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.
Oil dips on higher US fuel stocks, but overall market remains supported
Wed, Jan 24, 2018
Oil prices fell on Wednesday, weighed down by data that showed an increase in US crude oil and gasoline inventories. Brent crude oil futures were at $69.83 a barrel at 0444 GMT, down 13 cents from their last close.
India's oil ministry seeks cut in excise duty on petrol, diesel in budget
Mon, Jan 22, 2018
India`s oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday.
Oil stable on threats of rebel attacks in Nigeria, falling US crude stocks
Thu, Jan 18, 2018
Oil prices were stable on Thursday, supported by tighter inventories of crude as well as rebel threats of an attack on Nigeria`s petroleum industry, but the market was weighed down by a reported rise in U.S. fuel stocks.
Oil near three-year highs on output cuts despite rising North American rig count
Mon, Jan 15, 2018
Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite a rise in U.S. and Canadian drilling activity that points to higher future output in North America.
As oil hits $70, warning lights flash up in Asia
Fri, Jan 12, 2018
Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year.
Oil prices edge up on lower US rig count, but below recent highs
Mon, Jan 08, 2018
U.S. West Texas Intermediate (WTI) crude futures were at $61.61 a barrel at 0209 GMT, 17 cents, or 0.3 percent, above their last settlement, and not far off the $62.21 May 2015 high reached last week.
Asia stocks advance toward historic highs, US earnings test
Mon, Jan 08, 2018
MSCI`s broadest index of Asia-Pacific shares outside Japan added 0.1 percent having climbed 3.1 percent last week, its strongest performance in six months.
Oil retreats after hitting 2015 highs
Sat, Jan 06, 2018
Oil prices have received general support from production cuts led by OPEC and Russia
Global stocks records tumble, oil at highest since 2015
Thu, Jan 04, 2018
Market bulls resumed their charge on Thursday as strong data from the world’s biggest economies sent stock index records tumbling and oil prices to their highest since mid-2015.
Oil dips from mid-2015 highs as higher output looms
Wed, Jan 03, 2018
Brent crude futures were at $66.74 a barrel, up 17 cents, still trailing yesterday`s high of $67.29
Crucial Kerala diaspora study begins, as Gulf no longer what it was
Wed, Jan 03, 2018
The study aims to not only analyse not the present trends in migration but also the medium and long-term consequences of important developments like the global financial crisis of 2009, the drop in oil prices and the stricter immigration policies increasingly followed by countries worldwide and its impact on Kerala`s economy.