Latest News on Oil Market
Showing of 0 - 10 from 7 results
Oil Market - Total results - 7
Feb 12, 2020
Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns; OPEC, allies recommend to increase output cutsThe US Energy Information Administration (EIA) on Tuesday cut its global oil demand growth forecast for this year by 310,000 bpd as the virus outbreak crimps oil consumption in China.
Nov 12, 2019
Oil rises further above $62 as trade hopes support; crude inventories decline US hubConcern about slower economic growth and oil demand due to the fallout from the 16-month US-China trade dispute sent prices lower on Monday.
Jul 23, 2019
Oil rises on Middle East tensions, glum demand outlook caps gains; IEA closely monitoring developments in the Strait of HormuzThe oil market is currently well supplied, with oil production exceeding demand in the first half of 2019, pushing up global stocks by 900,000 barrels per day, the IEA said in a statement.
Mar 13, 2019
IIP at 1.7%, CPI at 2.57% in January: Growth slowdown disappointing, but wasn't unexpected; MPC may have reason to rush for rate cutIndustrial growth is an important indicator of the real sector as most of the GDP growth we have seen so far is due to services where the government plays an important role
Sep 13, 2018
Rupee free fall: Merely blaming external factors for Indian currency depreciation won't do; govt should think out-of-the-boxThe US-Sino trade war has caught India in the crossfires just the US beef against Turkey damaged the Indian rupee a month ago.
May 18, 2018
A worried oil minister Dharmendra Pradhan wants Saudis to keep oil prices stable; says spike will hurt Indian economyWith global crude prices touching $80 a barrel, Oil Minister Dharmendra Pradhan has pressed OPEC kingpin Saudi Arabia to keep prices stable and moderate
Mar 20, 2012
Oil slips from 10-month high to below $108 ahead of US dataData on US housing and jobless claims later this week is likely to provide fresh cues for the oil market.