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www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Oil prices  edged down on Thursday morning in Asia, as U.S. crude inventories surged for the sixth straight week. OPEC also boosted oil production in October to its highest level since 2016. Crude Oil WTI Futures  for December delivery fell 0.31% to $65.12 per barrel at 10:45PM ET (02:45 GMT) on the New York Mercantile Exchange, while London’s  Intercontinental Exchange  showed that  Brent Oil Futures  for January 2019 delivery also dropped 0.29% to $74.82 a barrel. The two oils had the worst monthly performance since July 2016 in the previous session, with Brent falling by 8.8% and Crude tumbling 10.9%. U.S. Energy Information Administration data showed that crude stocks rose for the sixth straight week, reaching 1.08 million barrels per day (bpd) in the week to Oct. 26. (Source) U.S. crude production stood at 11.3 million barrels per day in August, up 3.8% compared t...

www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Oil prices rose more than 1 percent on Wednesday as markets braced for the imposition of U.S. sanctions on Iran next week and as stock markets clawed back some of their recent losses. Benchmark Brent crude oil ( LCOc1 ) was up 80 cents at $76.71 a barrel by 0840 GMT. The contract fell 1.8 percent on Tuesday, at one point touching its lowest since Aug. 24 at $75.09. U.S. light crude ( CLc1 ) was up 60 cents at $66.78. It hit a two-month low of $65.33 a barrel on Tuesday. New U.S. sanctions on Iran begin on Nov. 4 and Washington has made it clear to Tehran's customers that it expects them to stop buying any Iranian crude oil from that date. Imports of Iranian crude by major buyers in Asia hit a 32-month low in September, as China, South Korea and Japan sharply cut their purchases ahead of the sanctions on Tehran, government and ship-tracking data showed. Oil market sentiment also received so...

www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market. Brent crude  futures had gained 52 cents, or 0.7 percent, to $76.43 a barrel by 0310 GMT. They fell 1.8 percent on Tuesday, at one point touching their lowest since Aug. 24 at$75.09 a barrel. U.S. West Texas Intermediate (WTI) crude futures advanced 29 cents, or 0.4 percent, to $66.47 a barrel on Wednesday. They dropped 1.3 percent the day before, after hitting their weakest since Aug. 17 at $65.33 a barrel. Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October, and are on track to post their worst monthly performance since July 2016. Oil has been caught in the global financial market slump this month, with equities under pressure from the trade scrap betwee...

© Reuters. Next-wave LNG race hits hurdles in U.S.-China trade war www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) The delay of a U.S. Gulf Coast liquefied   natural gas   (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds. The United States is positioning itself as the dominant provider of the supercooled fuel as Asian nations shift away from dirtier power sources like coal, and this month's approval of a giant Canadian project led by Royal Dutch Shell (LON: RDSa ) bolstered enthusiasm for the sector overall in North America. That optimism took a hit on Monday, when Australia's LNG Ltd delayed until next year a planned decision on whether to build its Louisiana-based Magnolia LNG plant due to problems lining up Chinese customers. And it comes when bankers and analysts in the sector had already questioned whether ...

© Reuters. FILE PHOTO - An employee holds a gas pump to refill a car at a petrol station in central Seoul www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Oil prices slipped on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran. Benchmark  Brent crude oil  was down 15 cents a barrel at $77.19 by 0835 GMT. U.S. light crude was unchanged at $67.04. Both contracts have recovered ground over the last week but are around $10 a barrel below four-year highs reached in the first week of October. Oil has been caught in the global financial market slump this month, with equities under pressure from the trade war between the world's two largest economies. Financial markets found some support on Tuesday from reports that U.S. President Donald Trump thinks "a great deal" with China is possible on trade.

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© Reuters. U.S. government official says country to become key source of global energy supplies www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production in the next decade, the country's top energy diplomat said. "In the next 5-10 years, we expect to see improved recovery rates and even a doubling in some of our most prolific (gas) basins," said Frank Fannon, assistant secretary in the energy bureau of the U.S. state department. "What this means in the near-term is that the United States may double production, double export capacity and introduce new market innovation," he said at an industry conference in Singapore.

© Reuters. Oil prices dropped on Tuesday morning in Asia Experts says that oil prices dropped on Tuesday morning in Asia as Saudi Arabia and Russia vowed to raise crude output, slashing market concerns over looming sanctions on Iran that kick off in November. Crude Oil WTI Futures  for December delivery inched down 0.01% to $67.02 per barrel by 11:56 PM ET (03:56 GMT) on the New York Mercantile Exchange, while  Brent Oil Futures  for January 2019 delivery also fell 0.44% to $77.06 a barrel on London’s Intercontinental Exchange. Saudi Arabia pledged earlier in the month to raise oil output to offset the fall from Iranian exports expected to be caused by the U.S. sanctions. The sanctions are set to take effect on Nov. 4. Saudi Arabia will play a “constructive and responsible” role in world energy markets, despite recent criticism and isolation of the Kingdom following its role in the death of journalist Jamal Khashoggi.

  © Reuters. Oil prices inched down on Monday morning in Asia experts says that  Oil prices inched down on Monday morning in Asia, despite a bounce in the region’s stock markets. Investors remained cautious after a sell-off last week that could indicate a global economic slowdown. Crude Oil WTI Futures  for December delivery edged down 0.01% to $67.59 a barrel at 11:59 PM ET (03:59 GMT) on New York’s Mercantile Exchange, while   Brent Oil Futures   for January 2019 delivery dropped 0.17% to $77.63 per barrel on London’s Intercontinental Exchange . Hong Kong’s  Hang Seng Index  was up 0.24%, while Japan’s  Nikkei 225  edged up 0.29%. Despite the uptick, the market is still rattled by global losses last week. Oil is facing “downward pressure from lower growth forecasts around the globe,” Alfonso Esparza, senior market analyst with futures brokerage Oanda, told Reuters. On the supply side, U.S. production is also exp...

Oil prices fell on Friday as China ordered at least two state-owned oil companies to stop buying Iranian oil. Crude Oil WTI Futures  for December delivery fell 0.8% to $66.77 per barrel by 12:13 AM ET (04:13 GMT) on the New York Mercantile Exchange .  Brent Oil Futures  for December delivery traded 0.6% lower to $76.47 a barrel on London’s Intercontinental Exchange. www.expertcommodity.com Call-9759717061

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* Iran exports avg 1.33 mln bpd of crude in first two weeks of Oct * Trump sends Pompeo to Saudi Arabia over missing Saudi journalist * U.S. crude inventory likely to increase - Reuters poll (Adds comments, updates prices) www.expertcommodity.com 9759717061(Ankita Sharma)

Rajkot Oilseed Complex Open- October 15 * Edible oil prices were steady to firm in the early trades. * Groundnut oil prices firmed up due to restricted selling from oil mills. * Cottonseed oil moved up due to retail demand. * Palm olien improved due to thin supply. www.expertcommodity.com ‎‎9627214242 (Mr. Abhishek) ‎‎9759717061 (Miss Ankita www.expertcommodity.com

Malaysian palm oil futures were slightly higher at the midday break on Wednesday on a technical gain after sharp losses earlier in the week, but trading was range-bound ahead of an official data release from the Malaysian Palm Oil Board. www.expertcommodity.com Call 9759717061

* Higher retail fuel prices pose a challenge, said India's Oil Minister Dharmendra Pradhan * He said he spoke to Saudi Arabia's Oil Minister two days ago to discuss high oil prices www.expertcommodity.com Call 9759717061

 India will buy 9 million barrels of Iranian oil in November, two industry sources said, indicating the world's third -biggest oil importer will continue purchasing crude from the Islamic republic despite U.S. sanctions coming into force on Nov. 4. www.expertcommodity.com  Call :9759717061

  Oil prices rose on Friday as traders anticipated a tighter market due to U.S. sanctions against Iran's crude exports , which are set to start next month.

Brent crude oil prices rose to their highest since November 2014 on Monday ahead of U.S. sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), that kick in next month. Benchmark Brent crude oil futures ( LCOc1 ) rose to as much as $83.32 a barrel on Wednesday and were at $83.09 at 0335 GMT, still 36 cents, or 0.4 percent above their last close. U.S. West Texas Intermediate (WTI) crude futures ( CLc1 ) were up 19 cents, or 0.3 percent, at $73.44 a barrel. www.expertcommodity.com 9759995554 9759717061 WTI prices were supported by a report on Friday of a stagnant rig count in the United States, which points to a slowdown in U.S. crude production  , which now rivals top producers Russia and Saudi Arabia. Brent was pushed up by looming sanctions against Iran, which will start targeting its oil sector from Nov. 4. ANZ bank said on Monday that "the market is eyeing oil prices at $100 per barrel". In a sign ...