Tag Archives: Crude

‘Crude prices to hold firm in future as supply tightens’

Crude-oil prices have been rising sharply in international markets as OPEC is committed to rebalancing the crude oil market. The latest update shows that OPEC’s crude-oil production in March further declined to 30.02 million barrels a day, from 30.56 million b/d the previous month. A steep decline in production from Saudi Arabia, Venezuela and Iraq led to rise. Saudi Arabia ... Read More »

Petrol prices in India slide further as crude gets into $50 range

Petrol prices have slid globally amidst the upheaval in the oil market following the sanctions on Iran and increased output from OPEC as well as America. With the prices for Brent crude hitting the $50 range after peaking at about $74 about a couple of months ago, the prices in India have also reduced from the all-time high they had ... Read More »

US Crude Climbs Further on Iran Support for Oil Output Cap

Singapore: U.S. crude futures rose as much as 3 percent in early Asian trade on Thursday after Iran backed plans by Russia and Saudi Arabia to cap crude oil production at January levels, extending steep gains in the previous session. U.S. crude jumped $1.06 shortly after Asian markets opened, and was trading up 77 cents at $31.43 a barrel as ... Read More »