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Reuters

Dec 31, 2022, 5:15 PM

OPEC+ Meeting To Take Into Account Market Conditions: Report

OPEC+'s October decision to reduce production by two million barrels per day (bpd) had played an important role in stabilising global markets, Saadoun, who serves as Iraq's delegate to OPEC, said.

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  Reuters | Dec 31, 2022

  India Shares Defy Global Weakness, On Oil Slide To Close At New Record

  The NSE Nifty 50 index rose 0.27% to settle at 18,562.75, and the S&P BSE Sensex climbed 0.34% to end at 62,504.80, with both notching closing highs for the third straight session.

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  Reuters | Dec 31, 2022

  India To Receive First LNG Cargo From Indonesia's Tangguh LNG

  The LNG cargo is being transported by the BW Helios tanker, said Olumide Ajayi, senior LNG analyst at Refinitiv.

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  Reuters | Dec 31, 2022

  U.S. Crude Turns Positive, Brent Pares Losses On OPEC+ Cut Rumors

  Price action was volatile. U.S. West Texas Intermediate (WTI) crude settled up 96 cents, or 1.3%, at $77.24, after earlier touching its lowest since December 2021 at $73.60.

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  Reuters | Dec 31, 2022

  Wall St Falls As U.S. Crude Oil Shakes Off Losses

  While a surge in COVID cases and clashes between police and protesters across several major Chinese cities over the weekend helped push U.S. Treasury yields lower, that move had also reversed course in afternoon trading.

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  Reuters | Dec 31, 2022

  India Purchased 40% Of Seaborne Russian Urals Oil In November: Report

  Russian Urals oil shipments to India accounted for about 40% of the total sea exports of Urals in November, not including the transit of oil from Kazakhstan, which is sold as KEBCO, Reuters calculations showed.

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  Reuters | Dec 31, 2022

  Western Governments Struggle To Agree On Russian Oil Price Cap

  The plan is meant to punish Russia while at the same time keeping its vast petroleum exports flowing to energy-starved global markets to tamp down inflation.

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  Reuters | Dec 31, 2022

  EU Inches Towards Deal On Russian Oil Price Cap This Week

  The deadline for a deal is Dec. 5 because that is when the EU's own full embargo on purchases of Russian seaborne oil, agreed at the end of May, kicks in.

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  Reuters | Dec 31, 2022

  Oil Up On China COVID Hopes, But OPEC+ Output Concerns Offset Gains

  Oil rose on Tuesday on expectations for a loosening of China's strict COVID-19 controls, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited gains.

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