Page 10 - Oil Production

Oil slips towards $59 as investors weigh near-term demand outlook

Futures in New York lost 0.5 per cent on Monday after falling 3.5 per cent last week

Undiplomatic wrangling

India-Saudi relationship must survive oil price dispute

Oil settles up more than $2 despite OPEC+ production cuts

Brent crude settled up $2.12, or 3.4%, to $64.86 a barrel. US oil settled up $2.29, or 3.9%, at $61.45 a barrel.

China's mega-refineries throttling other Asia oil processors amid pandemic

A frenzy of refinery building in China is set to make the nation the world's largest crude processor this year

Explained: Why 'atmanirbharta' flows against oil security for India

Instead of relying on negligible domestic deposits, India should be securing steady supplies from abroad

Delhi HC sets aside order asking Govt to extend Vednata oil deal till 2030

The Delhi High Court set aside a single judge order directing the Centre to extend till 2030 its production sharing contract with Vedanta and ONGC to produce oil from the Barmer oil field in Rajasthan

Oil prices drop 2% as Covid-19 vaccine halt threatens demand

Brent was down $1.11 cents, or 1.6%, at $67.77 a barrel by 1325 GMT. U.S. crude fell $1.17, or 1.7%, at $64.22

Oil settles near $70 a barrel on hopes of recovering demand in second half

Benchmark Brent settled down 41 cents, or 0.6%, to $69.22 a barrel. U.S. West Texas Intermediate crude also ended down 41 cents to $65.61 a barrel.

Royal Dutch Shell's oil trading earnings double in 2020 to $2.6 billion

Shell's oil trading operations, known internally as Trading & Supply, accounted for 43% of the Oil Products division's total earnings of $5.995 billion in 2020

Chevron to slow carbon emissions, raise oil output with modest spending

Chevron outlined a plan to expand oil and gas production through 2025, but without spending significantly more, and pledged to limit the pace of growth of its carbon emissions

Rising crude prices could put OMC margins under pressure, hurt stock rally

While analysts expect excise duty cuts or price hikes to offset pressure on marketing margins, there is some uncertainty currently; Oil producers seen gaining

Oil prices hit almost 14-month high after OPEC+ extends output cuts

Brent crude futures were up $1.75, or 2.6%, at $68.49 a barrel by 1250 GMT and U.S. West Texas Intermediate (WTI) crude futures climbed $1.49, or 2.3%, to $65.32

India is saddened by Opec+ decision to continue cutting production: Pradhan

After the Opec decision, one million barrels per day of crude oil production from Saudi Arabia will remain in place at least through April.

OPEC+ are considering oil output roll over for April: Report

OPEC+ ministers hold a full meeting on Thursday

Oil falls to two-week lows as OPEC+ nations seen easing supply curbs

OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia

Oil slips on fears over higher OPEC supply, slower China demand

Brent crude dropped 14 cents or 0.2% to $63.55 a barrel by 1145 GMT, after losing 1.1% the previous day

Oil prices retreat from 1-year high alongside global market selloff

Futures in New York fell as much as 0.9 per cent on Thursday with US equities weakening amid concerns that markets could soon face accelerating inflation

Exxon Mobil's total reserves drop by a third after Covid-19 oil price drop

The reserves reductions were "a result of very low prices during 2020 and the effects of reductions in capital expenditures," the company said in a filing

OPEC+ to weigh modest oil output boost at meeting: Report

LONDON/MOSCOW (Reuters) - OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.

Oil gains as US production slowly returns after freeze slashed supply

Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents