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Saudis order oil cuts to US, Europe before non-OPEC talks
Sat, Dec 10, 2016
Saudi Arabia has told its US and European customers it will reduce oil deliveries from January, as Russia said it was confident non-OPEC producers would fully join OPEC`s output limits on Saturday in the first such move since 2001.
OPEC debates oil cuts amid deep disagreement
Wed, Nov 30, 2016
OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action.
India's crude oil imports from Iran rise 336% in October
Wed, Nov 30, 2016
India's imports of crude oil from Iran have risen 336% in October this year as the producer continued to recoup market share lost under sanctions, Reuters reported on Wednesday citing a data released by the International Energy Agency (IEA).
Oil markets jittery ahead of OPEC meeting later in day
Wed, Nov 30, 2016
Oil markets were jittery on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.
Putin, Iran's Rouhani back OPEC bid to stabilise oil prices
Tue, Nov 29, 2016
Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani on Monday expressed support for OPEC`s plans to limit the cartel`s output ahead of a crucial meeting this week.
Oil prices fall further in Asia, yen gains hit Tokyo
Mon, Nov 28, 2016
Oil prices sank further in Asian trade on Monday on fears a planned cut in output will not be agreed by top producers this week, while the dollar retreated against most of its peers after its recent surge.
Oil may rise to $55 if all producers cooperate - Iran
Sat, Nov 19, 2016
"We are receiving positive signals that increase the likelihood of agreement at the meeting ... and I`m optimistic about the situation," Zanganeh told state television by telephone, after meeting OPEC Secretary-General Mohammed Barkindo in Tehran ahead of the Nov. 30 meeting.
Demonetisation decision will help fight economic terrorism:MEA
Thu, Nov 10, 2016
Welcoming the decision to demonetise Rs 500 and Rs 1000, a top External Affairs Ministry official on Thursday said it will go a long way in fighting "economic terrorism" by checking use of black money for funding "subversive activities".
Asia stocks wallow at six-week lows, China PMIs in focus; oil down
Tue, Nov 01, 2016
Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, while oil prices fell as markets doubted OPEC's ability to implement planned production cuts.
India's Sept Iran oil imports fall 4.1% on Aug, says shipping data
Wed, Oct 12, 2016
India's purchases of Iranian oil fell 4.1% in September, slipping from August when imports from Tehran hit their highest in at least 15 years, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.
Oil prices rise on report of US crude stock draw
Wed, Oct 05, 2016
Oil prices rose in early trading on Wednesday after a report that US fuel inventories may have fallen for a fifth straight week, but contracts remained near the $50 mark where many traders currently see fair value for crude.
Oil prices dip on surging Iran sales, but looming OPEC deal offers support
Tue, Oct 04, 2016
Oil prices dipped early on Tuesday, weighed down by a rise in Iranian exports that adds to a global supply overhang, although a planned OPEC-led supply cut later this year has lent crude some support.
Goldman says OPEC deal to add as much as $10 to H1 2017 oil prices
Thu, Sep 29, 2016
WTI was trading around $47 a barrel, after gaining more than 5 percent on Wednesday on OPEC`s planned output cut. [O/R]
Oil prices rise by 3% after surprise increase in US crude stocks draw
Wed, Sep 28, 2016
Crude futures fell about 3% on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply.
Indian Oil Corp raises oil import from Iran to 5 MT for FY17
Tue, Aug 30, 2016
Indian Oil Corporation (IOC), the nation's biggest oil firm, has raised crude oil import from Iran to four-fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
Oil prices fall on unexpected US crude stocks build; fears over China demand
Wed, Aug 24, 2016
Oil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry.
Oil prices fall over 1% as analysts say market still oversupplied
Tue, Aug 23, 2016
Oil prices fell over 1% on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.
Oil prices fall on doubts producers can agree output restraint
Wed, Aug 17, 2016
Oil prices fell away from five-week highs early on Wednesday, as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.
India continues to have one of the lowest female workforce participation
Tue, Aug 02, 2016
Female workforce participation rate in India is among the lowest in major countries of the world. Unfortunately, the rate has consistently fallen till last data available of 2012.
International oil markets to balance out by end of 2016: IEA
Tue, Jun 14, 2016
A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said on Tuesday, even as supply and demand move towards balance by the end of the year.