CRUDE SUPPLIES
World oil prices soar on sudden OPEC+ output cut
The surprise production cut by OPEC+ will eliminate the current supply surplus and push world oil markets into a deeper deficit later this year.Before the intervention, global oil supply was set to exceed demand by about 500,000 barrels a day from April to June, before flipping into a deficit in the s...
Brent crude crosses $90-mark for the first time in 2023 as Saudi, Russia extend production cut
Oil traded near nine-month highs as investors digested a decision by OPEC+ leaders Saudi Arabia and Russia to extend supply curbs through the end of the year. The strategy from Riyadh and Moscow aims to drain inventories further and was felt across the ent...
Oil drops as Russian price cap proposal eases concerns about tight supply
Russian crude is available at a discounted of more than $20/barrel as the G7 nations are seeking a price cap on Russian oil in the range of $65-70/barrel. ET NOW's Soumeet Sarkar is here to explain all the details.Oil drops as Russian price cap proposal eases concerns about ti...
Oil supply is not a worry because there are multiple sources: MK Surana, HPCL
As far as India is concerned, the increase in crude prices as well as exchange rates will matter, says MK Surana, CMD, HPCL. Excerpts from an interview with ETNOW.Oil supply is not a worry because there are multiple sources: MK Surana, HPCL
India-China buyers club: How two biggest importers are manoeuvring to cut OPEC to size
The old power structure of world oil markets could be on the verge of a potentially far-reaching shift. India and China, the two biggest importers of crude oil, have neared a deal to set up a buyers' bloc that may tilt bargaining power in importers' favour. Ankit ...
Crude oil prices hit 14-month low amid supply and growth concerns
Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in the United States stoked worries about oversupply. Concerns over future oil demand amid weakening global economic growth and doubts over the ef...
Will start supplying gas in Assam by March 2017: HOEC
In a chat with ET Now, P Elango, MD, HOEC shares his views on surge in crude oil price post OPEC deal and company's expansion plans in Assam.Will start supplying gas in Assam by March 2017: HOEC
Will start supplying gas in Assam by March 2017: HOEC
In a chat with ET Now, P Elango, MD, HOEC shares his views on surge in crude oil price post OPEC deal and company's expansion plans in Assam.Will start supplying gas in Assam by March 2017: HOEC
'Too much supply-demand imbalance in crude market'
Experts at ET Now share their global market views.'Too much supply-demand imbalance in crude market'
Steady trade for gold, crude falls further
Ole Hansen, Head of commodity strategy at Saxo Bank, gives updates on commodities. It was reported a steady trade for gold, while the market was battling the crude crisis.Steady trade for gold, crude falls further
Crude rises, but IEA sees more downsides
The International Energy Agency says oil prices will see further softening as the world markets remain over-supplied.Crude rises, but IEA sees more downsides
US crude oil slumps below $28 on supply glut worries
Crude futures slumped again in Asian trade, with US oil dropping more than 3 per cent towards $27 a barrel and its lowest since 2003, on worries about global oversupply.US crude oil slumps below $28 on supply glut worries
Gold edges higher, crude falls on supply glut
Gold prices edged higher to cross the $1,170 per ounce mark. However, experts point out that long term recovery in gold prices may not be on the anvil, with the world's largest economy US well on its path of growth. Crude prices, on the other hand, slid lower with Brent quoting just below $60 per barrel
‘Supply-demand balance is needed to prevent crude fall’
Arvind Sanger, managing partner of Geosphere Capital Management says that crude prices may not be affected by the trends of the market. In fact the crude is following its own trajectory and a balance in demand-supply is required to prevent further slide.‘Supply-demand balance is needed to preve
Oil futures down as investors worry about supply glut
Oil prices edged lower in Europe trade, after weekly stockpile data showed that U.S. oil inventories rose to an all-time high last week, underlining concerns over ample supplies.Oil futures down as investors worry about supply glut
Crude prices crack, brent falls below $54 per barrel
Crude oil hit its four-month lows on July 27, 2015 amid a steep drop in Chinese stock markets and more evidence emerged of a global supply glut.Crude prices crack, brent falls below $54 per barrel
Oil hits fresh 13-yr low as US oil inventory sharply up
Crude oil prices slump to a record 13 year low as the US oil inventory sharply up and bearish demand-supply.Oil hits fresh 13-yr low as US oil inventory sharply up
Oil falls on China economic woes, rising OPEC supply
Oil prices fell for a second session in Asian trade as worries about top energy consumer China and rising oil supply weighed on markets, although possible talks between OPEC and Russia on output cuts offered some support.Oil falls on China economic woes, rising OPEC supply
'Low oil prices are causing less supply in mkts'
In a interview with ET Now, Jonathan Barratt of Ayers Alliance shared his overview on crude oil, natural gas.'Low oil prices are causing less supply in mkts'
Brent crude dips below $58 on strong dollar and supply
The US dollar hit a near 12-year peak against the euro and an eight-year high against the yen, hurting commodities priced in dollars by making them more expensive for holders of other currencies. Watch the video for experts' views on how crude oil, gold, silver and agri commodities will behave i
Oil nears 11-year low on oversupply, strong dollar
Oil slipped towards an 11-year low, denting further by a seemingly relentless build in oversupply, and as the dollar strengthened after the U.S. Federal Reserve raised interest rates for the first time in nearly a decade.Oil nears 11-year low on oversupply, strong dollar
FX volatility in 2016 may weigh on all asset classes: Rabobank
In an interaction with ET NOW, Michael Every, Head - Financial Markets Research at Rabobank, says, we will also have political volatility to match the FX volatility. According to him, it is going to be an extremely violent rollercoaster ride for all economies.FX volatility in 2016 may we
Oil surges to 1-month high as output drop seen balancing market
Oil climbed to the highest level in a month amid speculation that falling crude production will ease the global supply glut. Crude has held near $45 a barrel for more than four weeks after plunging to a six-year low in August amid speculation oversupplies will be prolonged.Oil surges to
'Market is neither bad nor good'
Kenichi Ayukawa, MD of Maruti Suzuki spoke on the company's outlook for FY16. He asserted that there are lot of possibility to supply to global market our product and component. Check out the video to know more on that.'Market is neither bad nor good'
Oil slips under $57 on supply glut concerns
Brent crude was down 62 cents at $56.46 while US crude was down 81 cents at $46.24. The downward pressure on prices came after the International Energy Agency said a global oil glut was building as the United States may soon run out of empty tanks to store crude. Watch the video for experts' views on how t
Oil drops below $61 on supply glut, strong dollar
Brent oil fell by more than $1 towards $60 per barrel, weighed down by strong supply in the United States and a rising dollar. US crude fell $1.02 to $56.12 a barrel, after closing $1.86 higher in the previous session.Oil drops below $61 on supply glut, strong dollar
V Pershad on OPEC's assurance on crude supply
V Pershad on OPEC's assurance on crude supply
Crude at 5-week-high, supply disruptions in Syria, Sudan
Crude at 5-week-high, supply disruptions in Syria, Sudan
India seeks increase in crude oil supply from Saudi Arabia
India seeks increase in crude oil supply from Saudi Arabia
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