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oil supply News
Oil prices under pressure amid global market unease, but Libyan disruption supports
Tue, Dec 11, 2018
International Brent crude oil futures were at $60 per barrel at 0746 GMT, up 3 cents from their last close.
'Even $1 rise in crude can inflate import bill by Rs 6,160 cr'
Sat, Nov 24, 2018
"This will increase India's import bill as it meets over 80 per cent of its demand through imports, and a change of even USD 1 per barrel will impact the country's import bill by Rs 6,160 crore," it said.
Oil prices firm on expected OPEC cut extension
Wed, Nov 22, 2017
Oil prices firmed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led production cut aimed at tightening the market will be extended beyond March 2018.
Oil prices steady near two-year high as supply cuts bite
Tue, Oct 31, 2017
Oil prices were steady to slightly firmer on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent crude to more than two-year highs above $60 per barrel.
Global oil supply may see potential shortage after 2020: IEA
Tue, Mar 07, 2017
Developing countries account for all of the growth and Asia dominates, with about seven out of every 10 extra barrels consumed globally.
OPEC could extend or deepen supply cut if oil glut persists: Sources
Fri, Feb 17, 2017
The organisation of petroleum exporting countries (OPEC) could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level.