E-PaperOil Supply Cut News
Aramco eyes bigger market share in Asia ahead of possible Opec cut, says CEO
Aramco will expand its market share in Asia despite likely Opec limits on output next year, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals
3 min read26 Nov 2018Opec, allies to announce exit strategy from oil cuts in June: UAE
The UAE said that Opec and non-Opec oil producers plan to announce in June an exit strategy from global supply cuts, but that does not mean the pact will end by then
1 min read11 Dec 2017Oil traders, investors wary despite Opec’s assurances
The oil prices have fallen below $50 a barrel for the first time in 4 weeks despite pledges from Saudi energy minister that Opec will do whatever it takes to arrest the price slide
3 min read2 Jun 2017US stock rally falters, dollar gains as oil dips
US stocks stumbled after a six-day rally took them to all-time highs while the dollar fluctuated with oil as fresh data showed the US economy on firm footing
1 min read26 May 2017Oil rises to one-month high as Saudi Arabia sees output curbs into 2018
Oil has climbed as Saudi Arabia and non-Opec member Russia rally support for a nine-month extension to the deal to curb output by Opec and its allies
2 min read22 May 2017Oil prices rise above $52 as Saudi Arabia and Russia back longer supply cut
Saudi Arabia and Russia said that supply cuts need to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than first agreed
1 min read15 May 2017Oil prices edge off three-month low
Brent futures rose 35 cents to $51.70 a barrel by 4.22pm after sliding on Monday to $50.85, their lowest level since 1 December
1 min read14 Mar 2017Oil prices decline on selling spree by traders
Brent crude futures were trading at $53.82 per barrel at 3.57 pm . The prices remained close to 14-month highs as producers showed signs of adhering to a global supply cut
1 min read16 Dec 2016Oil prices steady after Fed’s rate hike
North Sea Brent crude oil prices were up 30 cents at $54.20 a barrel by 2.10pm . US light crude oil was up 10 cents at $51.14 a barrel
1 min read15 Dec 2016Oil climbs to 17-month high on Saudi pledge, non-Opec output cut
West Texas Intermediate for January delivery rose $1.33 to settle at $52.83 a barrel at on the New York Mercantile Exchange
3 min read13 Dec 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared