Output Cut News

Markets

Oil prices ease as demand worries counter supply cuts

Brent crude futures for September delivery were trading down 15 cents, or 0.2%, at $64.91 a barrelUS crude futures for August were down 25 cents, or 0.4%, at $58.84 a barrel

2 min read2 Jul 2019
Markets

Oil rises on stronger financial markets, expectations of extended supply cuts

Russia signals it may support continued supply cuts with OPECEconomic downturn is starting to dent fuel demand growth

1 min read11 Jun 2019
Markets

OPEC risks gambling away success again as $80 oil looms

Coordinated production curbs by OPEC and its allies helped oil rally the most in a decade in Q1, restoring prices to over $70 a barrelIf OPEC continues with cutbacks, global oil inventories will contract by 1 million barrels a day in Q3, the steepest drop in two years

3 min read17 Apr 2019
Market

Oil prices slip as US crude output rises

Brent crude oil futures were down 37 cents, or 0.6%, at $60.95 per barrel

2 min read17 Jan 2019
Market

Two big producers just called the bottom on oil: $60 a barrel

Crude oil prices are up more than 20% since hitting an almost two-year low in December

1 min read12 Jan 2019
Companies

Petrol prices hiked, diesel prices slashed. Check today’s rates

Petrol now costs ₹70.34 per litre in Delhi, ₹75.96 in Mumbai, ₹72.99 in Chennai and ₹72.43 in Kolkata

1 min read15 Dec 2018
Market

OPEC gets Iran green light to cut crude output by 0.8 million bpd; oil prices rise 5%

OPEC will later ask non-OPEC producers to contribute an additional 0.4 million million barrels per day to the cuts

3 min read7 Dec 2018
Market

Iran threatens to cut off Gulf oil

America is not capable of preventing the export of Iran's oil. If it ever tries to do so, no oil will be exported from the Persian Gulf: Iran President Hassan Rouhani

1 min read5 Dec 2018
Market

As oil hovers at $50 a barrel, Trump tries to push the price lower

US President Donald Trump is expected to discuss oil prices with the crown prince of Saudi Arabia at the G20 summit at the end of the week. A few days later, OPEC is expected to set production targets

5 min read30 Nov 2018
Market

Oil plunges more than 6% despite potential OPEC cut

Brent crude oil fell $3.81, or 6.1%, to $58.79 a barrel by 10:50 am EST, after earlier touching $58.57, its lowest since October 2017

3 min read23 Nov 2018
Load More

Popular 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

25 Articles

ICICI Bank

Shares of ICICI Bank had a drop of -0.45% to Rs. 852.05 at closing today.

2 Articles