Page 2 - Crude Oil Output

Margin calls triggered in crude oil led to across-the-board selling

The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%

Oil futures skid to 12-year low as Russia-OPEC fail to reach deal in Vienna

The potential collapse of the group led by Saudi Arabia and Russia is the latest blow to a market that was already dragged down by fears over the economic damage from the spread of the coronavirus

As demand grows, Russia, allies back Opec pledge to boost oil output

Iran, bracing for the impact of fresh US sanctions on its oil exports, fiercely objected to raising output targets

Opec meets Russia, other allies today for new deal to raise oil output

Saudi Arabia said the move would translate into a nominal output rise of around 1 million barrels per day (bpd), or 1 per cent of global supply, for OPEC and non-OPEC producers

ONGC, OIL push crude oil output up by 0.24%, natural gas by 4%

However, private sector's contribution to both the outputs was very poor