oil market


OPEC chief expects 2018 oil market balance

Feb 27 2018

OPEC chief Suhail al-Mazrouei said he expected the global oil market to be balanced this year, as producers continue to trim production following a 2014 market crash.

OPEC's Barkindo says has Putin's word Russia won't flood oil market

Feb 13 2018

OPEC Secretary-General Mohammad Barkindo told CNBC on Tuesday he has President Vladimir Putin’s word that Russia will not flood the oil markets.

Rising US output to push global oil market into H1 2018 surplus

Dec 14 2017

The global oil market will likely show a surplus, as rising US supply offsets OPEC’s discipline in maintaining its production cuts for the whole of next year.

IEA chief sees oil markets tightening towards second half of 2018

Nov 28 2017

IEA chief said the global oil market could tighten towards the second half of 2018 if demand remains robust and key producers continue their current policies.

Saudi Aramco IPO never been linked to oil market: CEO tells TV

Oct 24 2017

Saudi Aramco have never been linked to developments in the oil market, its chief executive told Al Arabiya television.

Saudi Arabia says oil market improving, agrees with Iraq

Oct 21 2017

Saudi Oil Minister Khalid al-Falih said in Baghdad that the global oil market is improving and stabilising.

Oil rises as fighting escalates in Iraq's oil-rich Kirkuk

Oct 16 2017

Oil markets jumped as Iraqi forced entered Kirkuk, taking territory from Kurdish fighters and raising concerns over OPEC’s second-largest producer.

'Global oil mkt seen balanced in 2018, even with rising output'

Oct 12 2017

Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel.

Oil prices rise amid OPEC monthly report on oil market

Oct 12 2017

Oil prices rallied for a third straight session as the Organization of the Petroleum Exporting Countries (OPEC) said the oil market showed signs of rebalancing.

Petrol pump dealers defer protest against daily price revision

Jul 10 2017

Petrol pump dealers have deferred till month-end their planned 'no-purchase, no-sale' agitation against daily revision in fuel prices.

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Stocks In News



Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric

Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years

Group is entering into a management contract with The Park Hotels



Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh


Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr

Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders

Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils

The govt announced in the budget a hike in import duty to 30-35%

Businessline Reports


TPG Cap and Manipal Health are eyeing controlling stake in the co

Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors

Will have to buy at least 26% stake through Voluntary open offer as part of takeover code

A 26% shareholding will automatically trigger the mandatory open offer for additional 20%

Business Standard Reports


TRAI issues show-cause notice to co

Seeks details of non-transparent, discriminatory tariffs to consumers

Have to respond till Mar 25

Action to depend on if tariff reported to regulator or not

Notice first one after TRAI issued tariff order on predatory pricing

Economic Times Reports

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