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LIBYAN CRUDE OIL
From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...- Goldman Sachs picks 12 alpha stocks amid record $22 billion FII exodusGoldman Sachs has identified 12 Indian stocks as medium-term alpha bets despite warning that the record $22 billion FII selloff in 2026 may...
- Indian Oil, BPCL said to buy 22 million barrels of non-Russian crude for Sept-Oct deliveryIndian Oil Corporation and Bharat Petroleum Corporation have purchased a significant amount of non-Russian crude oil. The state refiners ac...
- Oil prices drop over 2% to $70/bbl as prospects of additional supply offset Mideast fearsA panel of top ministers from the OPEC+ producer group meets on Oct. 2 to review the market, with no policy changes expected. OPEC+, compri...
- OMCs drop up to 5% as crude prices plummetONGC declined to the day’s low of Rs 309.2, with a fall of 4.2%. Chennai Petroleum Corporation shares dropped 5% to a low of Rs 933.3. GAIL...
- Brent crude tumbles below $75/bbl on reports of potential end to Libya disputeOil prices dropped more than 3% on Tuesday after Bloomberg News reported that a deal was imminent to resolve a dispute that has halted Liby...
- Govt slashes windfall tax on petroleum crude to Rs 1,850/tonneAfter the recent cut this month, the goverment on Friday reduced windfall gains tax on petroleum products to Rs 1,850/tonne from Rs 2,100/t...
- Oil falls on India's COVID surge, supply increase"The market is tending to focus more on the bad news from India and Japan at present, where the number of new coronavirus cases has risen s...
- Oil falls for second day as worsening pandemic threatens demand dropBrent crude was down 36 cents, or 0.9%, at $40.57 a barrel at 0055 GMT, after falling more than 3% on Thursday. U.S. oil was also 36 cents,...
- Oil steady as market eyes coronavirus hit to demand"The prospect of the return of Libyan barrels to the market is adding to the bearish sentiment," RBC Capital Markets said in a note. "Howev...
- Oil flat as Libya developments counter OPEC+ boostBrent fell 15 cents to settle at $43.15 a barrel, but rose 8.3% for the week. U.S. oil futures rose 14 cents to settle at $41.11 a barrel, ...
- Crude oil prices drop on prospect of returning Libyan suppliesUS crude was down 27 cents, or 0.7 per cent, at $39.43 a barrel.
- US helps India remove ship from UN's Libya sanctions listThe UNSC's decision to remove from a sanctions list an Indian ship is being talked about as the latest byword for global India-US strategic...
- UN blacklists Indian-flagged cargo vessel carrying Libyan oilThe vessel, whose flag state is India, "may have been sold recently to an unknown buyer and the vessel's name may have changed to Kassos," ...
- Crude oil futures down on weak Asian cuesThe trading sentiment turned weak in futures trade following fall in crude oil prices in Asian trade as dealers await the resumption of dis...
- US crude, Brent rise on Ukraine risk, new EU sanctionsAny sign of progress towards a final resolution to the West's dispute with Tehran would pressure oil prices on anticipation of a ramp-up in...
- ONGC and Mubadala of UAE to jointly invest in oil explorationState-run oil company ONGC and United Arab Emirates’ investment firm Mubadala may jointly invest in upstream projects in third countries.
- Libya jets hit rebel town, crimes against humanity probedGovernment jets pounded the rebel-held town of Brega on Thursday sparking fears of a fresh onslaught by loyalist soldiers as a world court ...
- Oil rises toward $98 as traders eye Libyan exportsIn an effort to compensate for the loss of Libyan crude, Saudi Arabia has boosted its oil output - a move which soon could be replicated by...
- Libyan chaos stirs global panic over oil suppliesThe chaos in Libya as it descends into virtual civil war has sent international oil prices skyrocketing despite a pledge from Saudi Arabia,...
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