Page 2 - Globlal Crude Oil Prices

Covid-19 impact: India crude oil production plummets 5.5% in March

The cumulative crude oil production during 2019-20 was 32.1 million tonne, 5.95 per cent lower than production of 34.2 mt during the corresponding period of last year

Demand recovery, storage facility ramp up key for sanity in crude oil price

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Markets set for a choppy ride amid coronavirus spread; Asia closes in green

Asia closes in green, but America and Europe were volatile amid uncertainty over stimulus

Global oil demand could nearly halve if coronavirus threat escalates

The outbreak comes at a time when geopolitical risks to oil supply are likely to remain elevated in 2020, as both the US and Iran continue their maximum pressure campaigns

Oil prices set for weekly gain as Opec, allies agree to extend output cuts

OPEC is likely to shoulder 340,000 bpd in fresh cuts and non-OPEC producers an extra 160,000 bpd, one source said on Friday

Oil prices rise on North Sea pipeline outage, but rising US output looms

The ongoing outage of the Forties pipeline, which carries North Sea oil to Britain, was the main price driver, traders said

Crude oil prices to be under pressure in first half of 2018: S&P

S&P Global ratings says they are are likely to remain range-bound supported by Opec cuts and capped by US shale growth

Crude oil up to $65 a barrel not a worry

With crude oil crossing $64 a barrel on the developments in Saudi Arabia, this country's current account deficit (CAD) could see a little more pressure. However, the expectation is that this could be financed easily, as capital flows, particularly on the debt side, are robust and will not trigger huge withdrawal from the foreign exchange reserves. These had widened to a four-year high of 2.4 per cent of Gross Domestic Product (GDP) in the first quarter of the current financial year.There should not, say those in the know, be a problem up to a crude oil price of $65 a barrel. However, beyond this level, controlling the CAD could be a problem. Aditi Nayar, principal economist at ratings agency ICRA, says her baseline projection for the CAD is $35 billion (Rs 2.26 lakh crore) for 2017-18. It was $14.3 bn in the first quarter. "This assumes oil at $60 in November and December and between $55 and $58 from Jan to March. Even if we take crude to average $60 in the past three months, the ...

Big Oil turns to big data to save big money on drilling

Oil firms pooled data for wider operating efficiencies spurred by the 2-year downturn in prices