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Indian Oil Cuts Crude Processing By 25-30% On Low Fuel Demand
Indian Oil Corp, the country's top refiner, has cut crude processing at its refineries by 25 per centto 30 per cent as local demand for refined fuel is hit following complete lockdown to curb spread of coronavirus, it said in a statement on Wednesday. India has imposed a sweeping lockdown of its 1.3 billion people on Wednesday for 21 days, and is o...
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Oil Hits One-Month Low on Unexpected US Demand Drop
Oil prices slipped to a one-month low on Tuesday after a surprise fall in gasoline demand in the United States, the world's largest oil consumer, and doubts whether oil producers can agree an output freeze to dampen a global supply glut.
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Oil Extends Rally on Prospects OPEC Could Act to Counter Low Prices
Oil prices rose on Monday, extending a rally triggered last week by speculation that OPEC (Organization of Petroleum Exporting Countries) might agree to cut production to reduce a supply glut that has pushed prices to the lowest in over a decade.
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Oil Falls Near 2003 Lows on Oversupply, Demand Worries
Oil prices fell on Thursday, dipping back towards 12-year lows on persistent concerns about a supply overhang and the outlook for demand.
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Oil Nears 11-Year Low on Big US Supply Build; Fed Awaited
Oil fell on Wednesday, snapping a two-day rebound and heading back toward 11-year lows after US government data showed a huge build in crude inventories, surprising market players who had expected a draw.
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Oil Steadies After Hitting 2009 Lows, More Pressure Seen
Oil prices steadied on Tuesday but not before plumbing new lows seen during the 2009 financial crisis as an intensifying supply glut sparked fears the world will run out of storage for crude.
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Government Plans Cheap Gas Import for Long Term: Power Minister
The government will approach global markets for long-term gas supply pacts in view of low prices of the fuel, Power Minister Piyush Goyal said on Tuesday.
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Oil Steadies After Strong Gains as Equities Rally
Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong US economic growth and news of low crude supplies from Nigeria.
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Oil Prices Rise After OPEC Keeps Low Output Target
Oil prices rose on Friday, breaking a two-day losing streak, after Organization of the Petroleum Exporting Countries (OPEC) ministers maintained their existing oil production target for another six months at a level below current output.
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Brent Crude Could Fall to $30s: Goldman
US bank Goldman Sachs slashed it oil forecasts on Monday, saying fuel prices needed to stay low for much longer in order to curb production and end a global supply glut.
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Oil Sinks to Four-Year Low Below $90 as OPEC Ups Supplies
Global oil prices sank below $90 a barrel on Friday to the lowest level in nearly four years, with US crude falling to a two-year low, as growing oil supply and weak economic signals fuelled what is now a near four-month price rout.
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Don't give incentives to Coal India if it supplies low quality coal: NTPC
State-owned Coal India Ltd (CIL) should not be given incentives that it gets for exceeding the minimum assured quantity in case it supplies inferior quality fuel to power plants, a top NTPC official said on Monday.
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Manipur blockade: Healthcare crisis
The highway blockade by Naga groups in Manipur continued on Tuesday with healthcare in the state completely paralysed. Hospitals are running out of oxygen, diesel and life saving drugs. Food supplies are scarce. Today the Indian Air force brought essential supplies to the state.The largest private hospital in...
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Indian Oil Cuts Crude Processing By 25-30% On Low Fuel Demand
Indian Oil Corp, the country's top refiner, has cut crude processing at its refineries by 25 per centto 30 per cent as local demand for refined fuel is hit following complete lockdown to curb spread of coronavirus, it said in a statement on Wednesday. India has imposed a sweeping lockdown of its 1.3 billion people on Wednesday for 21 days, and is o...
-
Oil Hits One-Month Low on Unexpected US Demand Drop
Oil prices slipped to a one-month low on Tuesday after a surprise fall in gasoline demand in the United States, the world's largest oil consumer, and doubts whether oil producers can agree an output freeze to dampen a global supply glut.
-
Oil Extends Rally on Prospects OPEC Could Act to Counter Low Prices
Oil prices rose on Monday, extending a rally triggered last week by speculation that OPEC (Organization of Petroleum Exporting Countries) might agree to cut production to reduce a supply glut that has pushed prices to the lowest in over a decade.
-
Oil Falls Near 2003 Lows on Oversupply, Demand Worries
Oil prices fell on Thursday, dipping back towards 12-year lows on persistent concerns about a supply overhang and the outlook for demand.
-
Oil Nears 11-Year Low on Big US Supply Build; Fed Awaited
Oil fell on Wednesday, snapping a two-day rebound and heading back toward 11-year lows after US government data showed a huge build in crude inventories, surprising market players who had expected a draw.
-
Oil Steadies After Hitting 2009 Lows, More Pressure Seen
Oil prices steadied on Tuesday but not before plumbing new lows seen during the 2009 financial crisis as an intensifying supply glut sparked fears the world will run out of storage for crude.
-
Government Plans Cheap Gas Import for Long Term: Power Minister
The government will approach global markets for long-term gas supply pacts in view of low prices of the fuel, Power Minister Piyush Goyal said on Tuesday.
-
Oil Steadies After Strong Gains as Equities Rally
Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong US economic growth and news of low crude supplies from Nigeria.
-
Oil Prices Rise After OPEC Keeps Low Output Target
Oil prices rose on Friday, breaking a two-day losing streak, after Organization of the Petroleum Exporting Countries (OPEC) ministers maintained their existing oil production target for another six months at a level below current output.
-
Brent Crude Could Fall to $30s: Goldman
US bank Goldman Sachs slashed it oil forecasts on Monday, saying fuel prices needed to stay low for much longer in order to curb production and end a global supply glut.
-
Oil Sinks to Four-Year Low Below $90 as OPEC Ups Supplies
Global oil prices sank below $90 a barrel on Friday to the lowest level in nearly four years, with US crude falling to a two-year low, as growing oil supply and weak economic signals fuelled what is now a near four-month price rout.
-
Don't give incentives to Coal India if it supplies low quality coal: NTPC
State-owned Coal India Ltd (CIL) should not be given incentives that it gets for exceeding the minimum assured quantity in case it supplies inferior quality fuel to power plants, a top NTPC official said on Monday.
-
Manipur blockade: Healthcare crisis
The highway blockade by Naga groups in Manipur continued on Tuesday with healthcare in the state completely paralysed. Hospitals are running out of oxygen, diesel and life saving drugs. Food supplies are scarce. Today the Indian Air force brought essential supplies to the state.The largest private hospital in...
