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A year into OPEC's production cuts, Asia's oil markets have tightened
Thu, Feb 15, 2018
The main impact of OPEC withholding supplies has been to change the structure of the oil price curve.
Oil hits $71 for first time since 2014 on tighter supply and weak dollar
Thu, Jan 25, 2018
The Organization of the Petroleum Exporting Countries and allies including Russia began to curb supplies in 2017.
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.
Oil dips away from levels last seen in late 2014, but analysts say market supported
Fri, Jan 12, 2018
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day.
India's medium-term growth potential highest among emerging markets: Fitch
Thu, Jan 04, 2018
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
Oil prices close to mid-2015 highs, but doubts over further rises loom
Wed, Jan 03, 2018
Brent crude futures - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.
Gold hovers below 3 week high amid firm dollar
Wed, Dec 27, 2017
Gold prices slipped on Wednesday, after hitting a more than three-week high in the previous session, amid a firmer dollar.
Oil near June 2015 high as production cuts tighten market
Tue, Dec 26, 2017
U.S. West Texas Intermediate (WTI) crude futures were at $58.50 a barrel at 0141 GMT, up 3 cents from their last settlement.
India to leapfrog UK and France in 2018, Britain's Cebr predicts
Tue, Dec 26, 2017
India looks set to leapfrog Britain and France next year to become the world`s fifth-largest economy in dollar terms, a report showed on Tuesday.
Oil market capped as US output fast approaches 10 million bpd
Thu, Dec 21, 2017
Oil prices were stable on Thursday, supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day, a level only surpassed by Saudi Arabia and Russia.
Russian oil firm Tatneft ran Crimea fuel station, despite sanctions risk
Wed, Dec 20, 2017
Most big Russian oil firms pulled out of Crimea after Washington imposed sanctions over Moscow`s annexation of the region from Ukraine in 2014 and threatened to put any company operating on the peninsula on its list of sanctioned entities.
Some WTO members to push for e-commerce rules as broader deal fails
Thu, Dec 14, 2017
A group of 70 World Trade Organization countries pledged on Wednesday to work toward new electronic commerce trade rules that promote open and predictable regulations, joining the initiative as a broader WTO agreement failed.
Russia urges India to line up behind China's Belt and Road initiative
Mon, Dec 11, 2017
India is strongly opposed to an economic corridor that China is building in Pakistan that runs through disputed Kashmir as part of the Belt and Road initiative. Russian Foreign Minister Sergei Lavrov, however, said New Delhi should not let political problems deter it from joining the project, involving billions of dollars of investment, and benefiting from it.
OPEC, allies set to agree oil cut extension to end of 2018
Thu, Nov 30, 2017
As the 14-country OPEC`s meeting started in Vienna, Saudi Energy Minister Khalid al-Falih said he favoured extending cuts by nine months until the end of 2018. He said it was premature to talk about exiting the cuts at least for couple of quarters and added that OPEC would examine progress at its next meeting in June.
Oil falls on doubts over extending output cuts, surprise rise in US crude stocks
Wed, Nov 29, 2017
Oil prices fell on Wednesday on doubts OPEC and Russia will agree on extending a crude production cut that the market has already priced in, and after a report of an unexpected rise in U.S. crude oil inventories.
US oil dips on increased drilling, but OPEC cuts support global markets
Mon, Nov 27, 2017
US oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended.
Oil prices dips on record US exports, but OPEC-led supply cuts lend support
Thu, Oct 05, 2017
The declines came after the Energy Information Administration (EIA) said late on Wednesday that US crude oil exports jumped to 1.98 million barrels per day (bpd) last week.
Despite high fuel costs, car sales in India top emerging markets charts
Wed, Sep 20, 2017
Going ahead Moody's expects India’s automobile sales in 2017 to touch the 3.6 million units mark.