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But gains were checked by concerns that a prolonged trade war between Washington and Beijing could lead to a global economic slowdown.4 per cent, from their last close.A meeting has been scheduled for June 25-26 to discuss the policy, but the group is now considering moving the event to July 3-4, according to OPEC sources on Monday, with its de-facto leader Saudi Arabia signaling a willingness to continue withholding output.

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Official numbers from the US Energy Information Administration EIA are due out later on Wednesday.Russia’s average daily oil output has nonetheless dropped to a three year-low after contaminated crude clogged its main export route.S.Brent futures were down 27 cents, or 0.1 per cent on Tuesday after a near 13 per cent fall in the previous four sessions. The US benchmark closed 0.“It was a very bearish number and if confirmed by the EIA it will hammer prices,” said Stephen Innes, managing partner at SPI Asset Management in Bangkok.To prevent oversupply and prop up the market, the China foaming barrel screws Suppliers Organization of the Petroleum Exporting Countries OPEC, together with allies including Russia, has been withholding production since the start of the year.

But on Tuesday, the head of oil giant Rosneft, Igor Sechin, said Russia should pump at will and he would seek compensation from the government if cuts were extended.The group plans to decide later this month or in early July whether to continue the supply curbs.US West Texas Intermediate WTI crude was down by 32 cents, or 0. Tokyo: Oil prices resumed their slide on Wednesday, dragged down by a surpise gain in US inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies.

Average gross refining margins improved to .Analysts on average expected March-quarter net profit of 37.06 billion rupees a year earlier. Indian Oil Corp said on Thursday net profit rose 85 per cent in the fourth quarter, in line with analysts&China wheel unit bearings Manufacturers39; expectations, as revenue from operations grew.95 billion rupees, Thomson Reuters data showed.22 trillion rupees.

NSEI that was 1.21 billion rupees (6..India's top refiner # said profit came in at 37.06 per barrel in the 2015-16 period.2 per cent as of 0926 GMT, in a broader market.3 per cent higher.Revenue from operations jumped 24 per cent to 1.India's top refiner said profit came in at 37.IOC shares were were up 0.22 trillion rupees.21 billion rupees (6. Revenue from operations jumped 24 per cent to 1.45 million) in the quarter ended March 31, compared with 20.45 million) in the quarter ended March 31.77 per barrel in the financial year ended March, compared with.

Himachal Pradesh75353 Chhatisgarh66560 Puducherry1690 Goa1570 Meghalaya13111 Manipur320 Mizoram110 Arunachal Pradesh110 Business, Market Oil advances as OPEC set to China screw barrel of injection moulding machines Manufacturers continue supply cuts despite US pressure to ease REUTERS Published: Feb 27, 2019, 2:53 pm IST Updated: Feb 27, 2019, 2:53 pm IST International Brent crude futures were at USD 65.Oil markets have generally received support this year from supply curbs by the Organization of the Petroleum Exporting Countries OPEC, which together with some non-affiliated producers like Russia, known as OPEC+, agreed late last year to cut output by 1.Trump tweeted on Monday that oil prices were getting too high for the global economy, asking OPEC to relax its supply cuts.International Brent crude futures were at USD 65.

File Singapore: Oil prices rose on Wednesday after a report of declining US crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from US President Donald Trump.US West Texas Intermediate WTI crude oil futures were at USD 55.Crude oil.Financial markets on Wednesday also became cautious after Pakistan said it had shot down two Indian jets in its territory, sending investors out of riskier markets and into more conservative choices such as the yen.US crude oil inventories fell by 4.Official data will be released by the US Energy Information Administration EIA after 1800 GMT on Wednesday.89 per barrel at 0755 GMT, up 39 cents, or 0.48 per barrel, up 27 cents, or 0.7 per cent, from their last settlement.2 million barrels in the week to Feb 22, to 444.4 per cent from their last close.Despite the OPEC-led curbs, oil remains in ample supply as US crude production has risen by more than 2 million bpd over the past year, to a record 12 million bpd, and because demand growth is low due to a global economic slowdown and improving energy efficiency across industries.