Supply Cut News

Markets

The impact of supply cuts extension by OPEC and friends

If demand slows down further over the medium term, prices could come under pressureInvestors are worried about the muted demand outlook this time around

1 min read3 Jul 2019
Markets

Oil set for best quarter in almost a decade on OPEC supply cuts

Oil has clawed back most of its losses in the final quarter of 2018 as Saudi Arabia led OPEC and its allies in squeezing suppliesBrent crude has risen 27% this quarter, also the most since June 2009

2 min read29 Mar 2019
Markets

Oil lingers slightly under 2019 highs on OPEC's supply cuts, US sanctions

Brent crude oil futures were at $67.92 per barrel, 6 cents above their last close. Brent hit a four-month high of $68.69 on ThursdayConcerns that an economic slowdown might soon impact fuel consumption are preventing crude prices from rising further

2 min read22 Mar 2019
Market

Oil rises 1% on OPEC cuts, hopes for easing China-US trade tensions

International Brent crude oil futures were up 54 cents, or 0.9%, at $61.72 per barrel

2 min read18 Jan 2019
Market

Oil prices rise 1% amid supply cuts

Brent crude oil futures were at $59.62 per barrel, up 63 cents, or 1.1%, from their last close OPEC-led cuts and declining US rig counts boosted market sentiment

2 min read15 Jan 2019
Industry

Oil prices on shaky ground amid global financial market worries

Crude prices dropped by 3% the session before amid ongoing weakness in global stock markets and concerns that slowing oil demand-growth could erode supply cuts announced last week by OPEC and some non-OPEC producers including Russia

1 min read11 Dec 2018
Industry

Oil prices surge 5% as OPEC agrees output cut

Benchmark Brent crude oil rose $3.26 a barrel to a high of $63.32

1 min read7 Dec 2018
Companies

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 2018
Industry

Oil prices fall as Russia floats gradual production increase

Oil prices fall as Russia hints it may gradually increase output, after having withheld supplies in concert with Opec since 2017

2 min read25 May 2018
Industry

Brent oil prices hit $71 for 1st time since 2014 as dollar drops, US stocks decline

Brent oil prices hit $71 per barrel as the dollar weakens and crude inventories in US fall for a 10th straight week amid ongoing supply cutbacks by Opec and Russia

2 min read25 Jan 2018
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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

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