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LIBYAN DISPUTE
Oil prices fall as expectations of higher supplies hammer market sentimentOil prices have fallen for a third consecutive day, driven by expectations of increased supplies from Libya and the OPEC+ group. Brent crud...- OPEC+ agrees to delay October oil output hike for two months, say sourcesOPEC+ has agreed to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months, three ...
- OPEC+ agrees to delay October oil output hike for two monthsOPEC+ has decided to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months. The g...
- 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...
- Indigo Paints, Asian Paints rally up to 6% amid declining crude pricesShares of paint companies like Asian Paints and Indigo Paints saw gains of up to 6% on Wednesday due to a decline in crude oil prices. This...
- Oil extends losses on signs of end to Libyan dispute, demand concernsOil prices dropped further on Wednesday amid hopes of resolving Libya's political dispute that halted exports and concerns over global dema...
- 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...
- Oil steady as smaller-than-expected US stock draw counters Libya supply disruptionOil prices remained mostly steady, impacted by a smaller-than-expected draw in U.S. crude inventories and concerns over China demand amid s...
- Oil prices pause after surging on Libyan outages, Middle East tensionsOil prices saw a minor decline in Asian trading after rising over 7% due to supply concerns linked to Middle East tensions and Libyan oil f...
- Shootouts and blasts shake Libyan capitalThe Tripoli-based Government of National Unity (GNU) and a rival administration backed by the eastern-based parliament traded accusations o...
- Egypt, Turkey officials meet for talks to reset frayed tiesEgypt and Turkey have been at loggerheads since the Egyptian military's 2013 ouster of president from the Muslim Brotherhood group who enjo...
- 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 hits $68 on Libya force majeure despite pandemic surgeLibya declared force majeure on exports from the port of Hariga and said it could extend the measure to other facilities, citing a budget d...
- Will crude prices cool off now? Iran and Opec hold all the acesPrices show that the spread structure is back, which suggests the market is well supplied.
- Oil surge is still not done, discount it at your own perilVolatility will continue next week as supply and demand themes continue to play out.
- Commodity outlook: Gold, silver may trade in a range; crude likely to gainMCX Gold faces stiff resistance zone at Rs 30,800- Rs 30,900 levels.
- Rupee opens 5 paise lower at 68.18 against dollarThe simmering trade dispute between US and its major trading partners remains a critical issue for global markets.
- 11 dead in suicide attack on Libya's electoral commission headquartersSecurity forces engaged in a gun battle with the assailants as they tried to regain control of the offices, said electoral commission spoke...
- Fundamentals unsupportive, crude oil likely to fall furtherUS oil rig count increased for a 22nd straight week, rising by 6 to 747 and has doubled year-on-year.
- 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...
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