Stockpiles News

To be sure, stronger-than-expected demand growth helped producers to drain excess stockpiles in 2017, and Opec is forecasting a similar increase in the world's oil use this year

Oil in New York has traded above $60 a barrel and the international benchmark Brent has held above $66 since December as the Opec and allied suppliers capped output

Oil traded near $50 a barrel as investors tempered their disappointment over an agreement by Opec and its allies to extend production cuts without deepening them

Coal India's October production of 43.51 million metric metric tons was 84% of its target for the month, while shipments at 43.04 million tons were 90% of the goal

The one-day strike scheduled for 2 September may cut output by about 1.5 million metric tons from Coal India, which produced 536 million tons of coal in the year ended 31 March

Coal India , the world's largest producer, is exploring options to export the fuel amid rising production and mounting stockpiles

A weaker dollar makes oil cheaper for anyone using other currencies

Oil futures jumped 31% this year, climbing above $50 a barrel last week, as US crude stockpiles declined, trimming a glut

Oil prices have advanced more than 80% from a 12-year low earlier this year on signs the global glut will ease as US production declines

Brent for June settlement lost as much as 89 cents, or 2%, to $43.29 a barrel on the London-based ICE Futures Europe exchange