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Commodities Live: Important Meeting Of OPEC+ On December 4; Will There Be A Decision On Reducing Oil Production?
Fri, Dec 02, 2022
There will be an important meeting of OPEC+ countries on December 4. What will happen in OPEC+ meeting? Will there be a decision on reducing oil production? How much price will be fixed for Russian oil? Why world's eyes on this meeting? Watch Commodities Live to know experts opinion.
Saudi Arabia defends output cut, says OPEC+ doing right job for stable market
Sat, Oct 22, 2022
OPEC+ alliance "is doing the right job", said Saudi Energy Minister Abdulaziz bin Salman here. The minister is on a day-long visit to prepare the ground for Saudi Prime Minister and Crown Prince Mohammed bin Salman's trip to India next month.
India will buy oil from wherever it wants, no one has told us not to buy from Russia: Petroleum minister Hardeep Singh Puri
Sat, Oct 08, 2022
Oil price rise in India is way below global price hikes, said Union Minister of Petroleum and Natural Gas Hardeep Singh Puri, asserting that no country has told India to stop buying oil from Russia.
Power Breakfast: Break On 2 Days US Market Rally, Twitter Stocks Sluggish After Jumping 22%, Crude Rises After OPEC+ Meeting
Thu, Oct 06, 2022
The global markets traded mixed, as the US indices pause two days gaining streak to end negative on Wednesday. Dow Jones fell 40 points, Nasdaq, S&P 500 also fell. Twitter shares were sluggish yesterday after jumping 22 per cent on Tuesday on the back of Elon Musk’s claim to buy the social media platform at the previous price. Crude Oil picks up after OPEC+ meeting.
OPEC+ to cut oil output by 2 million barrels from November
Thu, Oct 06, 2022
OPEC+`s meeting on Wednesday marked the group`s first in-person gathering at the ministerial level since March 2020, when Covid-19 restrictions moved the meeting online.
OPEC oil cartel, allies to consider biggest cut in oil production since pandemic
Tue, Oct 04, 2022
As recently as this summer, Western states were imploring Arab oil producers to raise output due to high oil prices, calls that were largely rebuffed.
Commodities Live: Oil Jumps as OPEC+ Mulls Biggest Production Cut Since Pandemic
Mon, Oct 03, 2022
Brent Crude has jumped more than 4% to reach near $89 and WTI Crude has reached nearly $83. The price of crude oil in the domestic market has reached nearly Rs 6,800. OPEC + countries are meeting on October 5 in which a decision can be taken to cut oil production by 5-10 lakh barrels per day.
Commodities Live: Oil Prices Lose Over 3% On Global Demand Concerns
Tue, Sep 06, 2022
In MCX, Crude fell by 3% to Rs 6,900. Brent Crude fell below $ 93 per barrel and WTI crude fell below $ 86.65 per barrel. Why did crude oil prices fall sharply? What are 7 key points about the OPEC+ decision? Watch Commodities Live to know the expert's opinion.
Power Breakfast: Slight Gains In Asian Markets, Crude Oil Jumps On OPEC+'s Decision
Tue, Sep 06, 2022
Today there is a slight gains in the Asian market. SGX Nifty is seen trading above 17,700 with gains. China has taken steps to increase Forex Liquidity. Euro, Britain's pound are under pressure. OPEC+'s decision to cut production by 1 lakh barrels per day from October has led to a jump in Crude Oil. Brent Crude is close to $ 95 a barrel and WTI is close to $ 90 a barrel.
Power Breakfast: Despite Strong Jobs Data US Market Fell Sharply, All Eyes On OPEC Meeting, US Market Will Remain Closed Today
Mon, Sep 05, 2022
US markets will remain closed today. Dow Jones dropped 340 points on Friday, Whereas, the Nifty closed down 1.3 percent. The unemployment rate rose from 3.5% to 3.7% in August. Europe markets are up by 2-3%. SGX Nifty is trading with a fall of 50 points. Today there is meeting of OPEC. Before the OPEC meeting, buying in crude oil was seen from the lower level. Brent rose 1.5% to close at $95 a barrel.
Commodities Live: Oil Prices Rise As Saudi Arabia Hints At Possible Output Cut; Will The Price Of Crude Increase Further?
Tue, Aug 23, 2022
Crude oil prices reached 1- week high as Saudi Arabia has warned of cutting crude oil production, which has spurred the crude oil prices again. In the international market, Brent crude rose 97.45 dollar per barrel in early trade, while WTI crude was down by 90.23 dollar per barrel. Will the price of crude oil increase further? Watch Commodities Live to know expert's opinion.
OPEC sees lower 2022 oil demand as economic growth slows
Fri, Aug 12, 2022
The Organisation of the Petroleum Exporting Countries (OPEC) has further revised down its forecasts for this year's global economic growth and oil demand, following a previous downward revision in May.
Oil falls to nearly 6-month lows after surprise US crude, gasoline stockpiles
Thu, Aug 04, 2022
Brent crude futures settled down $3.76, or 3.7%, at $96.78 a barrel.
Power Breakfast: Strong Rebound In US Market; OPEC+ Agrees To A Small Production Increase For September
Thu, Aug 04, 2022
On Thursday (August 4, 2022), the fourth trading day of the week, there are good signs from the global market. A spectacular rebound was seen in the US markets on Wednesday. Dow Jones closed with a gain of 400 points. While the Nasdaq closed up 2.6%. Crude oil price falls to nearly 6-month low. Brent crude fell 4% to $ 97 a barrel. OPEC+ has agreed to increase oil by 1 lakh barrels per day from September.
OPEC+ boosts oil output by slower pace than previous months
Wed, Aug 03, 2022
OPEC, led by Saudi Arabia, and its allies, led by Russia, curtailed production during the pandemic as oil prices and demand plummeted, and those cuts are due to expire in September
Oil prices rise on tight supply, OPEC+ meeting on August 3
Fri, Jul 29, 2022
Brent is on course to climb nearly 5% for the week in its second straight weekly gain, while WTI is on track for a nearly 3% rise for the week, recouping the previous week`s losses
Editors Take: What's Happening In Commodities & Crude Oil? Joe Biden's Saudi Arabia Trip Impact On Market?
Mon, Jul 18, 2022
What is happening in commodities and crude oil? What happened during Joe Biden's visit to Saudi Arabia? How much fall in crude oil will provide relief?️ What are good signs for the market? Know from Anil Singhvi.
Oil rises 2% as no immediate Saudi output boost expected
Sat, Jul 16, 2022
The comment during US President Joe Biden`s Middle East visit comes at a time when spare capacity at members of the Organization of the Petroleum Exporting Countries (OPEC) is running low.
Oil prices bounce back from Tuesday tumble as supply concerns return
Wed, Jul 06, 2022
Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.
Crude oil rises despite OPEC+ output hike plan; supply still tight
Sat, Jun 04, 2022
Brent crude rose $1.76, or 1.5%, to $119.37 a barrel by 1338 GMT. U.S. West Texas Intermediate (WTI) crude advanced $1.70, or 1.3%, to $118.57.