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OIL GLUT PREDICTIONS
Davos 2026: Aramco CEO says oil glut predictions are seriously exaggeratedAramco's chief Amin Nasser believes oil glut forecasts are overstated. He points to robust demand and falling global oil reserves. This con...- Oil steadies as market digests OPEC+ output plansOil prices saw little change as OPEC+ decided to pause output hikes in the first quarter, despite ongoing concerns about a potential supply...
- Oil gains despite OPEC+ planning to boost outputDespite OPEC+'s planned output hikes, oil prices remain surprisingly resilient, trading near $67 a barrel. Analysts attribute this to China...
- Weak fundamentals continue to put downside pressure on crude oil pricesThis move was in a view of limiting Russia’s fossil fuel earnings without hindering the global supply chain of the widely used fossil fuel....
- Fuel gets dearer by Rs 2 on global spikeThis is the first time that fuel prices reached Rs 70-mark in the year 2019.
- Oil rises to $51 after steep slide; growth fears weighBrent crude, the global benchmark, was up 60 cents at $51.07 at 1415 GMT.
- Fall in global crude price may ease India’s import bill and inflationFalling crude will reduce India’s import bill and inflation. It is also likely to cool local fuel prices.
- Gone and forgotten? Here's one sign that 'peak oil' is deadGoogle searches for "too much oil" recently outstripped searches for "Peak Oil." Prices per barrel are around $45. For oil markets, short-t...
- LNG price slump sends Indian Oil Corporation on buying bingeIndia is among buyers seeking more cargoes of the cleaner fuel as spot prices have fallen about 60% since October 2014 amid a supply glut.
- The glut strikes back as oil returns to brink of bear marketOil is poised for a drop of 20% since early June. While excess crude production is abating, inventories around the world are brimming.
- Robust demand in India may shrink global oil surplusThe diminished glut indicates that Opec’s policy, driven by de facto leader Saudi Arabia, to let lower crude prices re-balance world market...
- Dow Jones falls 400 points as global woes deepenTurmoil returned to global markets as oil plunged and the Dow Jones Industrial Average sank 400 points, fueling a rush into haven assets.
- Hedge fund warning: More pain ahead for commoditiesMoney managers increased their combined net-bearish position across 18 raw materials to the biggest ever, doubling the negative bets in jus...
- An oil bull market may be born from current crash scene, says Goldman SachsOil will turn into a new bull market before the year is out as the price rout shuts down sufficient production to erode the global glut.
- Crude oil futures climb Rs 56 per barrel on overseas cuesCrude oil for delivery in October shot up Rs 56, or 1.88 per cent, to Rs 3,042 per barrel, with a business turnover of 6,030 lots.
- OPEC sees pressures on oil prices easingMarket pressures that slashed the price of oil to below $50 per barrel appear to be easing, the OPEC oil cartel said Monday.
- Global Oil Demand to Rise in 2016: OPECOPEC on Monday revised upward its forecast for global crude oil de mand growth for this year and predicted a further increase for 2016.
- Once-bullish fund managers start to capitulate on oil pricesThe capitulation of fund managers comes at a time when retail and professional investors are diverging when it comes to predicting the pric...
- Commodities head for record losing run on oil, strong dollarEnergy prices retreated in 2014 as a jump in the US drilling sparked a surge in output and price war with OPEC, which chose to maintain sup...
- Crude oil may fall this week, says surveyCrude oil in New York declined, widening its discount to Brent crude, on speculation that the reversal of the Seaway pipeline won't be enou...
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