Half of global oil glut may disappear if output deal works
Even if Iran did not agree to join the deal, which is being proposed by Saudi Arabia, Russia, Qatar and Venezuela, Texler said there would still be an effect on the market.
Feb 19, 2016, 18:00 PM IST
Oil falls below $45 per barrel, inches closer to 6-year low
Oil prices fell again Thursday in a glum market as the global oversupply of crude oil looked entrenched and demand prospects weak.
Aug 07, 2015, 01:41 AM IST
Oil prices recover amid Greece, supply worries
In mid-afternoon Asian trade, US benchmark West Texas Intermediate for July was up 64 cents at $60.16 while Brent futures for August, a new contract, were up 35 cents at $64.30.
Jun 16, 2015, 13:47 PM IST
Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm
"Fundamental data indicates that the oil market is oversupplied by over 2 million barrels per day," the bank said. But it added that due to a recent rally in prices it had lifted its average 2015 Brent and WTI price forecasts to $60 and $55.10 per barrel respectively, up from $52.50 and $48.60 a barrel previously.
Jun 15, 2015, 12:44 PM IST
Oil prices rise on hopes for China stimulus
Front month U.S. crude climbed 24 cents to $58.38 a barrel by 0320 GMT, after ending the previous session down 99 cents. Brent for June delivery rose 19 cents to $62.88 a barrel, having settled down 62 cents in the previous session.
Jun 09, 2015, 10:15 AM IST
Oil prices rise ahead of OPEC output meeting
"We expect payroll numbers to go up, and this will in turn firm up the dollar and subsequently make dollar-priced crude more expensive," said Teo.
Jun 05, 2015, 10:19 AM IST
OPEC expected to keep status quo on oil output
However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.
Jun 05, 2015, 10:09 AM IST
Oil prices down in Asian trade
WTI jumped USD 1.06 and Brent rose 61 cents yesterday after a sharp fall in the US dollar, which made dollar-priced crude cheaper for buyers using weaker currencies.
Jun 03, 2015, 10:28 AM IST
Crude oil futures down on weak Asian cues
The trading sentiment eased in futures trade after crude oil prices fell in Asian trade today following gains at the end of last week while there are still concerns about a global supply glut as OPEC prepares for a meeting where it is expected to maintain output, analysts said.
Jun 01, 2015, 10:54 AM IST
Crude oil futures surges by Rs 65 on Asian cues
Crude oil for delivery in June was trading notably higher by Rs 65, or 1.77 percent to Rs 3,733 per barrel, with a business turnover of 4,545 lots in futures trading at the Multi Commodity Exchange.
May 29, 2015, 12:20 PM IST
Oil prices higher in Asian trade
Analysts expect inventories fell for a fourth consecutive week, by 2.0 million barrels, according to a survey by Bloomberg News.
May 28, 2015, 12:14 PM IST
Oil prices mixed in Asian trade
Oil is on an uptrend but neither is it on a steady fall. Oil has stabilised at current prices, and in dicates both the WTI and Brent to remain in this USD 60-USD 70 range.
May 26, 2015, 11:05 AM IST
Oil prices mixed in Asian trade
Global oversupply with weak demand, continue to put a cap on prices despite geopolitical unrest.
May 19, 2015, 11:06 AM IST
