E-PaperUs Shale News
Saudis say Opec+ oil cuts on ‘right track’ to balance the market
Opec will start to trim oil production by 1.2 million barrels/day this month to stabilize the market. They already reduced output by 600,000 barrels a day in December
3 min read14 Jan 2019OPEC+ oil cuts on ‘right track’ to balance the market, says Saudi Arabia’s energy minister
The Organization of Petroleum Exporting Countries, led by Saudi Arabia, agreed to cut oil output this year to support prices.
2 min read14 Jan 2019Oil prices dip in volatile trade, Saudi oil cuts limit losses
Crude futures mirrored volatility in other markets after Apple cut its sales forecast, citing a slowdown in China. The news rattled US markets and weighed on oil prices
2 min read3 Jan 2019Oil prices sink to year’s low as equity slump adds to supply fear
Crude prices are mired in a bear market amid growing skepticism that Opec and its allies' production cuts will be deep enough to prevent a surplus in 2019
2 min read18 Dec 2018Oil prices rise as US China trade war shows signs of easing
Brent crude oil prices rose 0.4% to $60.36 from their last close, US WTI crude futures were at $51.25 per barrel, up 0.2%
2 min read13 Dec 2018Opec seen delaying oil cut as Russia plays tough
Opec and its allies are working towards a deal to reduce oil production by at least 1.3 million barrels per day, but Russia's resistance was so far the major roadblock
1 min read4 Dec 2018Are oil prices on the boil again?
For oil prices to increase consistently hereon, the market needs substantial production cuts, andin that sensethe 6-7 December Opec meeting is crucial
2 min read4 Dec 2018Oil gives up ground as Saudis say OPEC+ cut still up in the air
The Organization of the Petroleum Exporting Countries (Opec) will meet on 6 December meet at its headquarters in Vienna, Austria, to agree a joint output policy
2 min read4 Dec 2018Oil prices slide below $50 for first time in a year on Russia stance
Russia signalled little urgency to commit to oil cuts, even as production from Saudi Arabia and US shale mean inventories are starting to rise again
2 min read29 Nov 2018Oil price breaks above $60, but doubts about cut gains
All eyes are on this week's G20 summit in Argentina to be attended by Saudi Arabia and Russia, and an Opec meeting in Vienna thereafter to consider oil production cuts
2 min read27 Nov 2018Popular 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