Tag: Brent

Oil row flares as UAE rejects ‘unjust’ OPEC+ output deal

The United Arab Emirates on Sunday criticised the current oil output deal among OPEC+ alliance members as unjust, escalating a row that could derail the...

Credit Suisse says Aramco may revive RIL deal if oil prices continue to rise

MUMBAI: Foreign brokerage firm Credit Suisse believes that global oil producer and refining giant Saudi Arabian Co, better known as Saudi Aramco, may revive its...

Reliance, BP commit to pay for any shortfall in KG-D6 production to buyers

New Delhi: Reliance Industries Ltd and its partner BP Plc of UK have committed to pay in cash for any natural gas volumes they are...

Oil prices outlook: Is the next big fall in oil coming soon?

By Prathamesh Mallya In the past three months (June to August), crude oil prices consolidated with the brent trading in the price range of $37...

Real oil market is sinking and Opec+ deal can’t rescue it

By Alex Longley and Andy Hoffman The physical oil market, where millions of barrels of real cargoes are traded each day, needed Opec+’s historic cuts...

Crude Oil Prices: Oil price war ends with historic Opec+ deal to cut production

By Javier Blas, Salma El Wardany and Grant Smith The world’s top oil producers pulled off a historic deal to cut global petroleum output by...

Fuel demand seen falling 40 pc in April amid lockdown due to coronavirus: Report

Mumbai: The fuel demand, which witnessed a fall by around 20 per cent in March amid the lockdown, likely to decline further to 40 per...