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Reuters reported that oil prices stabilised on Thursday, reversing earlier declines, but market sentiment remained cautious over concerns that a supply glut may emerge amid a glum economic outlook.

Posted By : Joykumar Irom 2 days 20 hours 20 minutes ago
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Reuters reported that OPEC and its partners are discussing a proposal to cut oil output by 1.4 million barrels per day (bpd), three sources familiar with the issue said, although Russia may not be on board for such a...

Posted By : Joykumar Irom 2 days 20 hours 24 minutes ago
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ONGC Videsh Ltd (OVL), the overseas arm of state-owned petroleum explorer Oil and Natural Gas Corporation (ONGC), announced its consolidated net profit for the first half of the current financial year (Apr-September...

Posted By : Joykumar Irom 2 days 20 hours 28 minutes ago
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Reuters reported that Global oil prices are already adjusting after being hit by uncertainty about Iran's production, the head of Russia's No.1 oil firm Rosneft said, when asked about the need to cut output.

Posted By : Joykumar Irom 2 days 20 hours 31 minutes ago
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Reuters reported that India's oil imports from Africa in October rose to their highest level since August 2015, after a fall in Brent's premium to Dubai swaps made African crude more attractive, tanker arrival data from...

Posted By : Joykumar Irom 2 days 20 hours 35 minutes ago
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Reuters quoted the Abu Dhabi National Oil Company (ADNOC) as saying that it has agreed, in principle, to extend gas supplies to ADNOC LNG to 2040.

Posted By : Joykumar Irom 2 days 20 hours 40 minutes ago
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ETEnergyWorld reported that India’s total fuel demand in the month of October increased 3.97 per cent to 17,992 tonne, as compared to 17,304 tonne reported in the corresponding month a year ago, on the back of...

Posted By : Joykumar Irom 2 days 20 hours 43 minutes ago
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Reuters cited Russian Energy Minister Mr Alexander Novak as saying that long-term oil prices should be taken into consideration when any decision is taken by oil-producing countries and no emergency action to stem a...

Posted By : Joykumar Irom 2 days 20 hours 50 minutes ago
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Reuters quoted the International Energy Agency as saying that global oil supply will outpace demand throughout 2019, as a "relentless" rise in output is swamps growth in consumption that is at risk from a slowing...

Posted By : Joykumar Irom 2 days 20 hours 54 minutes ago
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PJSC LUKOIL said that it has completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.

Posted By : Joykumar Irom 2 days 20 hours 57 minutes ago
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