Two of India’s leading public sector banks – State Bank of India and Bank of Baroda – reportedly informed Indian refiners they will not handle payments for oil bought above the limit
Brent
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Oil prices soar almost 6% after OPEC+ output cut
Major oil producers including Saudi Arabia and the UAE announced a surprise production cut of more than one million barrels per day on Sunday
Brent
Oil rises as supply risks ripple through Middle East, Great Plains
Brent for July settlement closed at $70.11 on the ICE Futures Europe exchange
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Saudis raised Aramco royalties with switch to Brent oil
According to the Saudi Aramco prospectus, the oil sector accounted for more than 60% of the Saudi government revenue in 2017
Al Rajhi Bank
Saudi bank stocks dip after Islamic levy settlement
Stocks of all but one of the members of the Tadawul Banks Index fell
Brent
Oil rally falters after price hits $75 for first time since 2014
US President Donald Trump – facing high retail gasoline prices ahead of midterm elections – is pushing Saudi Arabia to boost output
Brent
Oil slumps as Saudis and Russia say reviving output on the table
Saudi Arabia and Russia signalled they’ll restore some of the output they halted as part of a deal between OPEC and its allies that went into effect in January last year
Brent
Saudi’s $80 oil goal is eating into Modi’s budget ahead of polls
Modi’s government made the most of cheap oil by substituting any fall in prices with taxes that kept retail fuel rates unchanged for consumers and boosted the federal revenue
Brent
Oil prices fall on strong dollar, Brent near one-month low
Brent was down 68 cents, or 1 percent, at $67.91 a barrel
Brent
Oil extends gains on robust OPEC compliance
US crude oil production in November surpassed 10 million barrels per day for the first time since 1970
Brent
Oil prices fall for 3rd day as inventory build-up weighs
Brent, WTI prices down around 1 percent
Brent
More than just OPEC underpins 49% surge in crude oil pricing
An array of international events in the Middle East and elsewhere contributed to the price rise as the year rolled to an end