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Did OPEC Just Issue A Warning For Oil Prices In 2017?

OPEC upgraded on Wednesday its 2016 projections for world oil demand growth to 1.22 million barrels a day (mb/d), up by 30,000 b/d from its previous estimate, but warned that there were “lingering concerns” that…


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Crude oil futures up on positive Asian cues

Crude oil rose by Rs 10 to Rs 2,841 per barrel in futures market today as speculators indulged in creating speculative positions, taking positive cues from Asian markets. At the Multi Commodity Exchange, crude oil…





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Venezuela’s 2015 oil revenues plunge 40 percent

Venezuela’s oil revenues plummeted 40.7 percent in 2015 due to sinking global oil prices, the country’s state-owned PDVSA said in its annual report released Sunday. PDVSA — the world’s fifth-largest oil company — earned $72.2…




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Oil prices near $50 per barrel

Oil prices edged closer to the $50 mark Wednesday as U.S. motorists and other users continued to slurp through the glut, lowering inventories. The price of West Texas Intermediate oil, the U.S. benchmark crude, rose 94…


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Will oil at $50/barrel worry India?

While oil that plunged below $30 a few months ago helped India contain inflation and shrink its trade deficit, a rebound to $50 has other advantages for the world’s fastest-growing importer of crude. More cash…