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LIBYAN OUTAGES
Why the market shrugs off the mother of all oil shocksOil prices have spiked due to the escalating conflict in the Middle East. However, the market's response is more muted compared to past cri...
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...
OPEC+ likely to proceed with planned output hike from October, sources sayOPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for o...
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...
Oil prices extend gains after US crude stocks drawBrent crude futures rose 29 cents, or 0.4%, to $77.88 a barrel at 0138 GMT, while U.S. West Texas Intermediate crude futures climbed 29 cen...
Oil prices firm on Middle East crisis and Libya outageOil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day's heavy losses.
Physical crude oil market steams ahead after Omicron blipFrantic oil buying driven by supply outages and signs the Omicron variant won't be as disruptive as feared has pushed some crude grades to ...
Crude outlook: Oil prices may hit 20-year lowThe oil market is now faced with two highly uncertain bearish shocks with the clear outcome of a sharp price sell-off.
Oil retreats in face of renewed coronavirus uncertaintyBrent crude was down $1.56, or 2.6%, at $57.75 a barrel by 1442 GMT, while U.S. crude dropped $1.25, or 2.3%, to $52.63.
Brent crude oil dips on rising Opec output; looming sanctions on Iran prevent bigger fallOutput was boosted by a recovery in Libyan production and as Iraq's southern exports hit a record.
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.
Market Movers: ATF under GST? Trade deficit at 5-year high; China Q2 growth & moreA lowdown on top macro triggers that may move market on Monday.
Crude oil is sizzling; WTI price may hit $78 in the short termThe medium to long term prospects for crude oil are very attractive and should be strong.
Commodities watch: Crude oil market tightens more, prices have upsidesIran’s seaborne crude exports fell to about 1.93 million bpd in June from 2.38 million bpd in May.
Oil prices rise on US to shut out Iran, supply disruptionsBeyond looming sanctions, other threats to supply are keeping markets on edge.
Crude oil set for further rally, but US shale may spoil partyThe coming year looks very interesting for crude, as it could throw up a lot of surprises.
What changed your market while you were sleepingThe index closed above the 9,700 level in what analysts called a decisive breakout.
Oil market rebalancing likely in 2017: Vandana Hari, Independent AnalystOnce the Fed rate has gone off the table, it is putting quite a bit of volatility in the US dollar. A weaker US dollar had propped up oil p...
- Libyan chaos stirs global panic over oil supplies
The chaos in Libya as it descends into virtual civil war has sent international oil prices skyrocketing despite a pledge from Saudi Arabia,...