Tuesday, September 10, 2019, 7:59 AM
Crude-oil-prices ended higher last week as easing in tensions between US and China bought back enthusiasm in the market and a third-weekly decline in the number of active US rigs drilling further boosted-prices. China's commerce-ministry said Beijing and Washington agreed to hold high-level trade talks in early October. The news was a combination of both bullish and bearish events with the bullish-news having a-slight-edge.
Tuesday, August 20, 2019, 8:19 AM
An Iranian tanker at the center of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Washington called the release unfortunate and warned Greece and Mediterranean ports against helping the vessel. Gibraltar said on Sunday it could not comply with that request because it was bound by EU law.
Friday, August 9, 2019, 8:31 PM
Concerns over the health of the global-economy, marked by the US-China trade dispute, forced the International Energy Agency to lower its growth forecast for oil demand for 2019 and 2020. "There have been concerns about the health of the global-economy expressed in recent editions of this report and shown by reduced expectations for oil demand growth," the Paris-based agency said in its monthly report.
Thursday, August 8, 2019, 8:11 AM
Crude oil futures dropped by Rs 55 to Rs 3,803 per barrel on August 7 as speculators cut bets amid weak global cues. On Multi Commodity Exchange, crude for delivery in August contracts dropped by Rs 55, or 1.43 percent, to Rs 3,803 per barrel in 21,894 lots. Marketmen said investor sentiment in crude futures market dampened after oil prices fell in global markets.
Tuesday, August 6, 2019, 5:46 PM
Crude oil futures on Tuesday fell 0.03 per cent to Rs 3,902 per barrel after participants tightened their bets tracking a muted trend in domestic markets. On the Multi Commodity Exchange, crude oil for delivery in August contracts was trading lower by Re 1, or 0.03 per cent, to Rs 3,902 per barrel with a business turnover of 36,836 lots.
Thursday, July 25, 2019, 8:00 PM
Oil rose $1 on July-25 amid Middle-East-tensions and a-big-fall in US crude-stocks, but prices faced downward pressure from weak manufacturing data in Western-nations indicating slowing economic growth that could reduce fuel demand. Brent crude futures gained $1.03 to $64.21 a barrel by 1244 GMT, after dropping 1% on Wednesday. US West-Texas Intermediate-crude was up $1 at $56.88 a barrel, having dropped 1.6% the previous-session.
Thursday, July 18, 2019, 8:13 AM
Crude oil-prices continued to trade on a muted note as the concerns of weakening global economy remained an overhang. Prices got some support after more-than-expected drop of US crude stockpile and concerns over potential disruptions to oil and gas production caused by a-tropical-storm in the Gulf of Mexico. Tropical Storm Barry boosted crude futures as oil companies in the Gulf of Mexico sliced production.
Tuesday, June 25, 2019, 8:34 AM
A surge in India's oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, according to tanker arrival data obtained from sources. India's oil imports from Mexico rose by about 13% in the November 2018-May 2019 period from a year earlier to 268,000 bpd, the data showed.
Sunday, June 16, 2019, 11:32 AM
India is unable to secure insurance cover for about 5 million tonnes of crude oil reserves kept in caverns for any exigency, which also include supplies from sanctions-hit Iran. Global reinsurers are unwilling to provide cover fearing adverse action against them for the breach of US sanctions, two persons with direct knowledge of the matter said requesting anonymity.
Saturday, May 18, 2019, 8:00 AM
Crude oil-prices traded flat with some volatility within a-broad-range after a surprise drawdown in US crude stockpiles, but an escalating US-Chinese trade fights limited oil's gains as investors were worried about the global outlook for energy demand. WTI and Brent were set for weekly-loss after US escalated its tariff war with China by increasing levies to 25% for $200 billion worth of Chinese goods.
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