Concerns of oil traders and analysts have shifted from under-supply to over-supply, the futures contract structure…
Tag: crude oil news
Oil pares gains as rate hike fears offset US crude inventory drop; check prices
Oil gave up most of its earlier gains on June 28 as worries over further interest…
Saudi cut, rate hikes & more: Key factors driving crude oil markets next week
In a second straight day of losses, Brent crude closed down 29 cents, or 0.4 per…
Domestic crude oil production at 2.5 MMT in May, imports increase 2%: PPAC
India produced a total of 2.5 million metric tonnes (MMT) of crude oil in May 2023,…
BoE rate hike, China data: Key factors driving crude oil markets next week
Oil prices edged higher in the last session and posted a weekly gain, as higher demand…
Oil falls over 2% over global growth fears after Saudi output cut led one-day
Oil prices declined more than $1 per barrel on June 5, after a strong rally in…
Russia extends oil output cut of 0.5 mln bpd until end of 2024: Deputy PM
Russia will extend its voluntary oil production cut of 500,000 barrels per day until the end…
OPEC+ to lower production targets from 2024 by 1.4 million bpd; details here
The Organization of the Petroleum Exporting Countries and its allies led by Russia, or OPEC+ reached…
OPEC+ meets to debate global supply; weighs fresh output cuts to boost oil price
The Organization of the Petroleum Exporting Countries and its allies, or OPEC+ met in Vienna on…
Oil edged higher on US debt deal after week-long variability; all eyes on OPEC+
Oil prices rose over two per cent on Friday after the US Congress passed a debt…