Golden
Industry

Oil

Viscous liquid at ambient temperatures

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Timeline

July 1, 2019

Oil prices rose more than $1 a barrel.

March 12, 2019

Oil rose to around $67 a barrel supported by Saudi Arabia's plan for further voluntary supply curbs and by a cut in oil exports from Venezuela due to a power outage.

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News

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Reuters Editorial
March 26, 2020
IN
Goldman Sachs expects oil demand to fall by 10.5 million barrels per day (bpd) in March and possibly by as much as 18.7 million bpd in April, the Wall Street bank said in a note dated March 25.
Aaron Sheldrick
March 23, 2020
U.S.
Oil prices fell on Monday as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction.
Reuters Editorial
March 18, 2020
IN
An oil supply surge from the Organization of the Petroleum Exporting Countries and other producers could overwhelm global storage as the coronavirus squeezes demand, pushing prices below $20 a barrel, Bank of America Global Research said on Wednesday.
March 17, 2020
Moneycontrol
The most active shares included Reliance Industries, YES Bank, State Bank of India, ICICI Bank and HDFC Bank.
Bozorgmehr Sharafedin | Reuters
March 12, 2020
@bsindia
The slump in oil is being compounded by the threat of a flood of cheap supply after Saudi Arabia and the United Arab Emirates said they would raise output in a stand-off with Russia
AFP | PTI
March 10, 2020
@bsindia
The rush for safe investments had sent yields on US Treasuries to record lows on Monday
BBC News
March 9, 2020
BBC News
Failure of oil cartel Opec and ally Russia to agree to supply cuts has seen prices crash around 30%.
Aaron Sheldrick
March 9, 2020
U.S.
Oil fell by the most since 1991 on Monday after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak.
Bozorgmehr Sharafedin
March 5, 2020
U.S.
Oil fell on Thursday as worries intensified over the fast-spreading coronavirus outbreak and OPEC ministers met in Vienna to seek Russian backing for deeper output cuts to bolster prices.
March 2, 2020
The Economic Times
ICICI Bank, Reliance Industries, TCS and Infosys were among the top index contributors.
Associated Press
March 1, 2020
Boston Herald
With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further.
The Associated Press
February 29, 2020
CTVNews
With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further.
Brijesh Patel
February 28, 2020
IN
Oil prices will be pressured this year as the spread of coronavirus takes a toll on the global economy and demand, overshadowing OPEC's efforts to curb production to support the market, a Reuters poll showed on Friday.
Laila Kearney
February 26, 2020
U.S.
Oil prices fell 3% on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus would become a pandemic in the United States.
Jessica Jaganathan
February 24, 2020
U.S.
Oil prices tumbled nearly 3% towards a one-week low on Monday as the rapid spread of the coronavirus in several countries outside China left investors fretting about a hit to demand.
Press Trust of India
February 17, 2020
@bsindia
Read more about I believe SC's AGR ruling does not apply to non-telecom PSUs: Pradhan on Business Standard. Oil Minister Dharmendra Pradhan on Monday said he believes non-telecom PSUs are not covered by the Supreme Court order that asked telecom licence holders to pay statutory dues after including non-telecom revenues.Following the October 24 Supreme
SI Reporter
February 17, 2020
@bsindia
ONGCs standalone pre-tax profit (PBT) halved to Rs 5,999 crore in Q3FY20
Reuters Editorial
February 11, 2020
U.S.
Oil prices rose more than 1% on Tuesday as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China.
Noah Browning
February 10, 2020
U.S.
Oil prices slipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
Florence Tan
February 10, 2020
U.S.
Oil prices on Monday extended their decline from an early January peak above $70 as the specter of excess supplies loomed over the market after the spreading coronavirus outbreak hit demand in China, the world's largest oil importer.
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References