Crude oil may slide to $20 a barrel, warns Goldman Sachs
Crude futures fell on Friday after Wall Street`s most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns about China`s economy.
Sep 11, 2015, 23:28 PM IST
Oil falls more than 2 percent after Goldman cuts forecasts
Goldman cut its 2015 Brent price forecast to $53.70 a barrel from $58.20, and said it saw 2016 Brent prices at $49.50, down from its earlier $62 forecast.
Sep 11, 2015, 17:31 PM IST
Oil weakens as Saudi sees no need for oil summit to defend prices
The front-month October contract for Brent, the global oil benchmark, shed 5 cents to USD 48.84 a barrel after it settled up USD 1.31, or 2.8 percent, on Thursday at USD 48.89 a barrel.
Sep 11, 2015, 08:49 AM IST
China to launch new crude oil benchmark
China plans to launch a yuan- denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday.
Sep 10, 2015, 17:43 PM IST
Fall in crude prices responsible for dip in exports: Govt
As merchandise shipments continue to fall since last December, a top official in Commerce Ministry today attributed the declines to sharp fall in fuel prices overseas, which led to a dip in petroleum product exports.
Aug 25, 2015, 23:18 PM IST
US oil prices near six-year lows as China weighs
US oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world`s largest energy consumer, adding to worries about global fuel demand at a time of heavy oversupply.
Aug 18, 2015, 17:04 PM IST
Oil edges back up to $50 a barrel from six-month low
Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook.
Aug 04, 2015, 21:24 PM IST
Oil slips after OPEC keeps output high, China slowdown
Oil prices fell on Monday on news of a slide in China`s fuel imports and as markets digested OPEC`s decision to maintain its production target, which analysts said could prolong a supply glut for the rest of the year.
Jun 08, 2015, 20:10 PM IST
US crude rebounds towards $59 on crude stocks data
US crude futures rose on Wednesday after a more than three percent slide in the previous session, supported by a larger than expected drop in crude inventories, although a firmer dollar capped gains.
May 20, 2015, 08:48 AM IST
Oil prices higher on Middle East unrest
Oil prices rose on Monday as fresh tensions in Yemen and Iraq raised concerns about a supply disruption in the crude-rich Middle East, analysts said.
May 18, 2015, 19:16 PM IST
Goldman cuts crude outlook and oil company forecasts
Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand.
May 18, 2015, 18:34 PM IST
Oil up 3% in largest gain in three weeks; volatility threatens
Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.
May 13, 2015, 08:44 AM IST
Oil market strikes 2015 highs on Libya tensions
Global oil prices hit 2015 peaks today as fresh tensions in oil producer Libya raised concerns about a supply disruption in the Middle East, analysts said.
May 06, 2015, 19:16 PM IST
Oil prices down in Asian trade
Oil prices fell in Asia on Tuesday after a senior Saudi official signalled that the world's top crude exporter has no intention of cutting production despite a global supply glut, analysts said.
Apr 28, 2015, 10:17 AM IST
Oil hits 2015 high on Yemen worry; US gasoline at November peaks
Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.
Apr 24, 2015, 09:28 AM IST
Oil prices down in Asian trade
Oil prices fell in Asia today after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen and ahead of a key US supply report.
Apr 22, 2015, 09:34 AM IST
Oil above $58 on US shale output report, Mideast
Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tension in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war.
Apr 14, 2015, 17:35 PM IST
Brent nudges up to near $57, set for weekly gain
Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.
Apr 10, 2015, 13:03 PM IST
Oil prices edge back from 6% fall, but outlook weak
Oil prices rose in early trading on Thursday, clawing back a part of the 6 percent slump in the previous session after a shock jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish.
Apr 09, 2015, 09:19 AM IST
Oil rallies on US data, bullish EIA monthly report
Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil.
Apr 08, 2015, 08:49 AM IST
