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India scrambles to reduce oil bill inflated by sinking rupee

The oil minister is grasping at desperate measures to cut the country's oil costs by nearly $20 billion after the rupee's slide to record lows has left India facing an oil bill potentially 50......

Iran crude exports rise to highest since EU sanctions

Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet......
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Oil Advances To 16-Month High As Focus Shifts To Non-OPEC Cuts

(Bloomberg) -- Oil traded at a 16-month high as OPEC prepared to meet non-members in an effort to secure additional output cuts following last... ...

http://www.bloombergquint.com/markets/2016/12/05/oil-slips-from-16-month-high-as-u-s-boosts-rigs-after-opec-pact
Withdrawal of currency notes seen hitting India's oil demand

Diesel and petrol use, which account for more than half of India's oil demand, will slow or contract this month and possibly early next year due to... ...

http://www.livemint.com/Industry/sXachZ2h4MmqsXIAXILoIN/Withdrawal-of-currency-notes-seen-hitting-Indias-oil-demand.html
Oil at $40 as Bad as It May Get in Long Run With OPEC Tumult

(Bloomberg) -- A failure by OPEC to trim output may push crude below $40 a barrel. It's unlikely to stay down there for long. Prices will... ...

http://www.bloombergquint.com/markets/2016/11/30/oil-at-40-seen-as-bad-as-it-gets-in-long-run-with-opec-discord
Will See a Half-Baked OPEC Deal

Iran has written to the Organization of the Petroleum Exporting Countries saying Saudi Arabia needs to cut oil output to 9.5 million barrels per... ...

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