Search Results for: OPEC

US oil prices rise on start of summer driving season

Demand in North America is set to pick up along with the official start of the U.S. summer driving season this week.

May 31, 2016

Venezuela government, opposition meet with mediators in Dominican Republic

President Nicolas Maduro is locked in a standoff with the legislature after the opposition won a sweeping majority last year.

May 29, 2016

Opec meeting, Janet Yellen's comment on interest rate hike to influence Sensex, Nifty

Opec meeting and reaction to Janet Yellen's comment that interest rate hike is "probably appropriate" are key factors for Sensex,Nifty next week.

May 28, 2016

Oil slips for second day as $50 level sparks new output fears

A three-day weekend for the United States, owing to Monday's Memorial Day holiday, further discouraged investors from holding bullish bets.

May 28, 2016

Donald Trump vows to exit Paris climate agreement

The US Republican Presidential candidate promised to pull the US out of the UN global climate accord.

May 27, 2016

Asia stocks edge up after US data, dollar consolidates month's gains

Japan's Nikkei nudged up 0.4 percent, buoyed by prospects of Tokyo delaying a sales tax hike.

May 27, 2016

Oil prices dip on strong dollar, firm global supplies

Brent futures LCOc1 were down 14 cents at $48.58 a barrel as of 0154 GMT, after ending the previous session 9 cents down.

May 23, 2016

Japan leads Asia to modest gains; dollar steady

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent.

May 16, 2016

Oil prices rise on Nigeria, Venezuela disruptions

Analysts said that falling supplies from producers such as Nigeria, the Americas and China had pushed up prices.

May 16, 2016

60-day emergency declared in Venezuela

Venezuelan President Nicolas Maduro accused the U.S. and domestic elements of trying to demolish the government.

May 14, 2016

Saudi Aramco plans global expansion amid falling crude oil prices

The move is aimed at meeting global oil demand, notwithstanding challenging market conditions, state-run Saudi Aramco said.

May 10, 2016

Oil prices fall on rising OPEC crude production

Brent futures LCOc1 were trading at $47.05 per barrel at 0028 GMT on Monday, down 32 cents from their last settlement.

May 2, 2016

Oil ends steady near $50; best monthly gain in Brent in seven years

A weaker dollar and optimism that a global oil glut will ease have lifted crude futures by more than $20 a barrel since they plumbed 12-year lows below $30 in the first quarter.

Apr 30, 2016

Oil prices dip on looming OPEC production rise

U.S. West Texas Intermediate (WTI) crude futures were down 19 cents at 45.46 a barrel.

Apr 29, 2016

Essar Oil, Indian Oil, HPCL, BPCL expanded fuel retail network, Reliance added none in FY16

Essar Oil, Indian Oil, HPCL and BPCL together added 2,770 retail diesel, petrol stations in FY2016. Reliance Industries' network remained unchanged at 1,400 outlets.

Apr 25, 2016

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