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Global oil market News

06 Sep 2016

Iran supports 'any decision' to stabilise oil market: Minister

Tehran: Iran's oil minister said today that the Islamic republic supports "any decision" to stabilise the global oil market and that USD 50-60 per barrel is the desired price for most OPEC members.

Royal Dutch Shell

07 Jun 2016

Shell says could exit 10 countries

London: Energy giant Royal Dutch Shell on Tuesday said it could exit up to 10 countries under a previously announced plan to sell oil and gas assets over two years.

19 Feb 2016

Half of global oil glut may disappear if output deal works

Even if Iran did not agree to join the deal, which is being proposed by Saudi Arabia, Russia, Qatar and Venezuela, Texler said there would still be an effect on the market.

crude oil futures

01 Jun 2015

Crude oil futures down on weak Asian cues

The trading sentiment eased in futures trade after crude oil prices fell in Asian trade today following gains at the end of last week while there are still concerns about a global supply glut as OPEC prepares for a meeting where it is expected to maintain output, analysts said.

Crude oil prices

10 May 2015

'Govt needs contingency plan to tackle crude price volatility'

Oil prices rupee terms, prices have shot up by 11 percent from Rs 3,789.86 to Rs 4,203.94 per barrel.

Societe Generale

24 Apr 2015

SocGen raises oil price forecasts on pending US output decline

Societe Generale raised its price forecasts for crude on expectations of a rebalancing of the global oil market spurred by an imminent decline in U.S. production.

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