Oil prices drop ahead of OPEC meeting
Oil prices dipped Monday as the dollar strengthened and the market looked ahead to an OPEC meeting expected to keep output high.
Jun 02, 2015, 07:08 AM IST
Oil up more than 1% after US inventory drop
Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.
May 30, 2015, 10:13 AM IST
Sour is the new sweet: OPEC's view of oil quality dilemma
The US shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC.
May 28, 2015, 12:10 PM IST
Iran deputy oil min says OPEC unlikely to cut output
The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday.
May 18, 2015, 10:22 AM IST
Oil glut worsens as OPEC market-share battle just beginning - IEA
Global oil production exceeds demand by around 2 million barrels per day, or over 2%.
May 13, 2015, 13:55 PM IST
OPEC expects oil prices to be about $76 a barrel in 2025
OPEC decided against cutting output in November, despite a huge oversupply in world markets.
May 11, 2015, 20:00 PM IST
Brent inches towards $67, despite weak China factory activity
A stronger dollar makes dollar denominated commodities, including oil, more expensive.
May 04, 2015, 13:41 PM IST
Oil has best monthly gain in six years but rally may hit ''speed bumps''
Oil rounded out its best monthly gain in six years on Thursday, with the two global benchmarks for crude rising between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease.
May 01, 2015, 03:09 AM IST
Oil slips below $64 as ample supplies weigh
Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions.
Apr 17, 2015, 17:13 PM IST
Brent crude oil prices fall as OPEC production soars
The Organization of the Petroleum Exporting Countries (OPEC) said that its March production jumped 810,000 barrels per day (bpd) to 30.79 million bpd, which is equivalent to a third of global supply.
Apr 17, 2015, 13:47 PM IST
Oil prices retreat on profit-taking
US benchmark West Texas Intermediate (WTI) for May delivery dipped 43 cents to $56.28 and Brent crude for June eased 48 cents to $63.50 in late-morning trade.
Apr 17, 2015, 09:24 AM IST
OPEC oil output surge boosts surplus, despite higher demand
OPEC`s oil output has surged in March, the producer group said in a report, adding to excess supply in the market despite more evidence that its strategy of letting prices fall to hurt other producers is taking effect.
Apr 16, 2015, 19:38 PM IST
Oil surges after lower than expected US inventory rise
Oil prices rallied and U.S. crude jumped nearly 6 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week.
Apr 16, 2015, 01:38 AM IST
Look out OPEC! Oil ETF investors head for exit, risking new slump
Oil investors who amassed a $6 billion long position in exchange traded funds, occupying as much as a third of the US futures market, are now racing for the exit at a near record pace.
Apr 14, 2015, 12:21 PM IST
Brent falls over 1% after Goldman forecasts lower prices
Brent crude fell more than 1 percent on Tuesday, paring overnight gains of nearly 6 percent, after Goldman Sachs said prices needed to remain low for months to achieve a slowdown in U.S. output growth.
Apr 07, 2015, 12:01 PM IST
Oil falls more than $1 as Middle East supply fears ease
Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.
Mar 27, 2015, 16:53 PM IST
Oil prices edge higher
Oil prices edged higher Tuesday as a weaker dollar offset disappointing manufacturing data out of top energy consumer China, traders said.
Mar 24, 2015, 19:12 PM IST
OPEC must work with other producers to boost oil prices: Saudi
Oil producers outside OPEC must cooperate to boost falling crude prices as the cartel refuses to take responsibility alone, the Saudi oil minister has said.
Mar 23, 2015, 11:27 AM IST
Brent falls towards $54, heads for third weekly loss
Brent crude fell towards $54 a barrel on Friday and was on track for its third weekly loss, hurt by oversupply worries after Kuwait said OPEC had no choice but to maintain output levels.
Mar 20, 2015, 12:37 PM IST
Brent climbs towards $55 on weaker dollar; supply concerns limit gains
Brent prices rebounded towards $55 a barrel on Friday as the dollar weakened slightly, but gains were limited by supply concerns after Kuwait said OPEC had no choice but to maintain output levels.
Mar 20, 2015, 10:26 AM IST
