Tagged: Oil Prices

Oil Prices May Drop To $25/barrel: Moody’s

Oil Prices May Drop To $25/barrel: Moody’s

Global oil and gas prices are likely to remain at current lows for several years, with oil dropping to USD 25 per barrel if Iranian production more than offsets supply cuts elsewhere, Moody’s Investors Service said today. “Oil prices continue the...

Indian OIl Prices Slip www.purnartha.com

Oil Down 8% On Gloomy US, Global Demand Outlooks

Oil prices slid for a fourth straight session on Tuesday and teetered close to 12-1/2-year lows hit last month, after weak demand forecasts from the US government and the western world’s energy watchdog, while weak equities also pressured prices. “The longs...

Oil Prices on Tailspin www.purnartha.com

World Bank Cuts 2016 Oil Forecast

With global crude oil prices in free fall through most of 2015, the World Bank has sharply revised downwards its forecast for oil price in 2016, at an average of $37 a barrel from $51 predicted in October, in the context...

Oil Prices on Tailspin www.purnartha.com

Oil Prices on Tailspin

A brutal New Year selloff in oil markets quickened with prices plunging 6% to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel. Amid an accelerating tailspin that shows...