Mandi Live: Crude Oil Updates
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US oil price gains amid falling output
US oil price advanced on Friday as data signaled that US crude output was contracting.
Oct 10, 2015, 07:17 AM IST
Rolls-Royce axes 400 more jobs
Rolls announced in a statement that it will reduce its number of employees by 400 by the end of next year, on top of 600 job cuts already unveiled in May.
Oct 05, 2015, 15:36 PM IST
Crude oil may slide to $20 a barrel, warns Goldman Sachs
Crude futures fell on Friday after Wall Street`s most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns about China`s economy.
Sep 11, 2015, 23:28 PM IST
Oil edges back up to $50 a barrel from six-month low
Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook.
Aug 04, 2015, 21:24 PM IST
Oil falls more than 3 after Greek ''No''
Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply.
Jul 06, 2015, 23:50 PM IST
Oil holds above $64 before US supply report, eyes on Iran
Oil held above $64 a barrel on Wednesday before a U.S. government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.
Jun 24, 2015, 18:27 PM IST
Oil falls on supply glut after earlier boost from Greece
Oil prices fell below $63 a barrel on Monday, weighed down by concerns of a growing supply glut, paring earlier gains spurred by hopes that Greece might avert a default.
Jun 22, 2015, 22:30 PM IST
World stocks, oil fall as Greek talks collapse
Stock markets around the world fell on Monday as they felt the ripple effects of the Greek crisis after the collapse of 11th-hour talks between the near-bankrupt country and its creditors.
Jun 15, 2015, 23:28 PM IST
Oil slips after OPEC keeps output high, China slowdown
Oil prices fell on Monday on news of a slide in China`s fuel imports and as markets digested OPEC`s decision to maintain its production target, which analysts said could prolong a supply glut for the rest of the year.
Jun 08, 2015, 20:10 PM IST
OPEC heads towards holding output; oil slips under $60
OPEC headed Thursday towards holding crude output levels on the eve of its production meeting, as oil prices slid back under $60 a barrel on concerns that the expected decision would further fuel oversupply.
Jun 04, 2015, 17:00 PM IST
OPEC to continue pumping oil at current rate
OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year`s shock market therapy has revived demand and knocked back growing competition.
Jun 03, 2015, 20:47 PM IST
Oil market `comfortable` with violence risk: Saudi
Recent unrest in the Middle East and North Africa has little impact on oil prices because the market has become "comfortable" with risk, Saudi Arabia`s Oil Minister said Wednesday.
Jun 03, 2015, 18:32 PM IST
Oil down 3% on dollar rally, ample supply worry
Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.
May 19, 2015, 23:27 PM IST
Goldman cuts crude outlook and oil company forecasts
Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand.
May 18, 2015, 18:34 PM IST
Oil market strikes 2015 highs on Libya tensions
Global oil prices hit 2015 peaks today as fresh tensions in oil producer Libya raised concerns about a supply disruption in the Middle East, analysts said.
May 06, 2015, 19:16 PM IST
Oil firms to $67, near 2015 high, as Libya output slows
Brent crude oil rose to $67 a barrel on Tuesday, just below its 2015 high, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports.
May 05, 2015, 16:52 PM IST
Barclays raises crude oil price forecasts
Barclays raised its 2015 and 2016 average crude price forecasts on Tuesday, citing geopolitical tensions, unplanned production outages and lower natural gas prices in the United States.
Apr 28, 2015, 12:06 PM IST
BofA raises oil price forecasts for 2016
Bank of America Merrill Lynch has revised upward its oil price forecasts for 2016, but said it remained bearish amid oversupply, weak demand from emerging markets, a return of US shale production and expectations of a deal on Iran.
Apr 27, 2015, 17:56 PM IST
Oil's 45%t rebound could be markets' next headache
Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.
Apr 27, 2015, 17:52 PM IST
