Global Oil-supply

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Global Oil-supply - Total results - 4
Record oil output cuts fail to make waves as coronavirus shreds demand, sends stockpiles soaring
Business

Record oil output cuts fail to make waves as coronavirus shreds demand, sends stockpiles soaring

The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance

US-Iran tensions: All you need to know about Gulf of Oman, shipping route for oil producing countries in Persian Gulf
World

US-Iran tensions: All you need to know about Gulf of Oman, shipping route for oil producing countries in Persian Gulf

Post an attack on two oil tankers in the Gulf of Oman on 13 June 2019, serious concerns about the global oil supply have come to the fore.

Petrol, diesel prices become slightly cheaper after remaining unchanged for six days; crude rises on Venezuela crisis
Business

Petrol, diesel prices become slightly cheaper after remaining unchanged for six days; crude rises on Venezuela crisis

This month, the state-run oil marketing companies reduced petrol and diesel prices just three times due to the rise in crude oil rates in the international market and a weak rupee.

Oil hits 2018 lows on emerging supply glut; Saudi Arabia pushes OPEC to cut sale to prevent surplus
Business

Oil hits 2018 lows on emerging supply glut; Saudi Arabia pushes OPEC to cut sale to prevent surplus

Even an expectation that the OPEC producer group will start withholding supply in 2019 to rein in any glut provided little support, traders said.