London Brent crude for March delivery LCOc1 was yet to trade after settling up 43 cents at wheel unit bearings Manufacturers $56.69 a barrel by 0016 GMT, after closing up 50 cents on Thursday.1 million barrels.058 million bpd, fully implementing OPEC's agreement to slow production, according to a Gulf source familiar with Saudi oil policy.Saudi Arabia has been curbing oil output in January by at least 486,000 barrels per day (bpd) to 10. US crude stocks dropped sharply to end the year, the Energy Information Administration said, with a draw of 7.US crude stocks dropped sharply to end the year, the Energy Information Administration said, with a draw of 7.

Oil prices were little changed on Friday after gaining nearly 1 per cent the day before on news that Saudi Arabia had cut production to meet OPEC's agreement to reduce output.NYMEX crude for February delivery CLc1 was down 7 cents at $53..Saudi Arabia has been curbing oil output in January by at least 486,000 barrels per day (bpd) to 10. For the week, the contract is likely to be largely steady.Prices had fallen earlier on Thursday after data showed a surprisingly large increase in US gasoline and distillate inventories.1 million barrels, but stocks of gasoline and distillates surged as refiners ramped up production to reduce crude inventories, a year-end practice to avoid higher taxes.

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But doubts remain over whether OPEC will be able to comply with output cuts and whether those curbs will be enough to rebalance markets.US benchmark West Texas Intermediate crude oil prices gained 14 cents to $49.OPEC and non-OPEC oil producers will meet again this weekend in Austria&conical twin screw barrels Manufacturers39;s capital to discuss the details of last week's agreement, which aims at an overall reduction in output of around 1.16."Talk about OPEC compliance worries is a bit of a red herring."Oil markets might see a pick-up in volumes as we enter the European trading session," McCarthy added.Crude oil inventories in the United States dropped 2. What the crude rally really needs is new news to reinvigorate a speculative market already positioned long," said Jeffrey Halley, senior market analyst at OANDA brokerage in Singapore.04 a barrel.But stocks at the Cushing, Oklahoma, delivery hub for US crude futures, increased by a hefty 3.The US dollar index fell as Treasury bond yields eased and as investors eye next week's Fed meeting.04 a barrel at 0345 GMT after closing the previous session down 93 cents.Oil prices have rallied since the Organization of Petroleum Exporting Countries (OPEC) and Russia reached a landmark agreement last week to cut production to erode a global supply overhang and prop up prices.

OPEC and non-OPEC oil producers will meet again this weekend in Austria's capital to discuss the details of last week's agreement."Oil prices are being supported by a raft of factors including underlying strength in the US economy shown in better than expected factory and nonfarm payroll data and Chinese regulators' attempts to cut excess supply in steel and other industries," said Michael McCarthy, chief market strategist at Sydney's CMC Markets.8 million barrels last week, the most since 2009, according to data from the US Energy Information Administration on Wednesday.4 million barrels in the week that ended on December 2, compared with analyst expectations for a draw of 1 million barrels."A slightly weaker US dollar is also supportive of oil prices," McCarthy said.90 a barrel after ending down $1. A weak dollar makes dollar-denominated oil less expensive for importing countries."While OPEC's decision to curb output is grabbing the headlines traders feel this should be balanced against a lot of more positive economic data," he said.International Brent crude futures were trading up 4 cents at $53.International Brent crude futures were trading up 4 cents at $53. As in the past, OPEC compliance/non-compliance is a known unknown. Singapore: Oil prices # edged up in thin trading on Thursday after steep falls in the previous session, supported by a weaker dollar, positive economic data and a drawdown in US crude stocks.5 million barrels a day.

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Volumes from Iran are expected to surge from this month as Indian buyers three-dimensional printer screws Suppliers start receiving barrels snapped up from Tehran soon after economic sanctions were lifted. The daily rates from both were at their highest since at least 2001, according to data available on the Thomson Reuters Eikon terminal.In contrast, total imports from Latin America fell by a quarter in January from a year ago to 706,000 bpd, the data showed.Just behind was Iraq at 930,000 bpd, up 52 per cent from January levels last year."Basra Heavy is better priced compared to any other heavy crude. Indian refiners that have invested billions of dollars in upgrading their plants are scouting for cheaper heavy, sour grades such as those from Iraq and Iran to maximise gross refining margins. K "This is the most tragic moment in our history," said Roman Panchishak, who came from New York State.The White House issued a statement in remembrance of the Holodomor, saying that despite decades under totalitarian rule, Ukrainians "refused to abandon their drive for freedom and independence. Once again the threat of death is coming from the east," Poroshenko said.She recalled how her mother hid green beans in a barrel covered in snow, helping the family make it through winter.Memorial is located just steps from the grounds of US Capitol (Photo: AFP) Memorial is located just steps from the grounds of US Capitol Washington: A monument commemorating the millions of Ukrainians who died during a Soviet-era famine was unveiled in the US capital on Saturday, in a ceremony that brought back horrific memories for survivors..Gromow immigrated to the United States in 1951 and now lives in Utica, New York."Ukrainians have never been the same," added the 37-year-old, clutching a small Ukrainian flag."It's terrible, I will never forget," 90-year-old Alla Gromow, in a wheelchair, said as she recalled how neighbours engaged in cannibalism in a desperate bid to stay alive.Ukraine's first lady, Maryna Poroshenko, was among a throng of people of all ages who packed nearby Columbus Circle for the ceremony, many wrapped in or waving Ukrainian flags and wearing traditional attire.

The memorial, a bronze sculpture on a stone wall depicting stalks of wheat symbolising the seizure of grain by the Soviets is located just steps from the grounds of the US Capitol and Washington's bustling Union Station.The US Committee for Ukrainian Holodomor-Genocide Awareness 1932-1933, citing scholars, puts the number in the three million to five million range while noting that some journalists who were in Ukraine during the 1930s gave higher figures.Exactly how many people perished is unclear."The famine was an attempt to force the Ukrainian people to their knees, to deprive us of our dignity, to destroy our national identity and to kill our hope for the right to create our own destiny in our own land," Ukrainian President Petro Poroshenko told the crowd in a taped video address."I'm always crying," Gromow said, her eyes brimming with tears.Legislation adopted by Congress and signed into law in 2006 authorized the establishment of the memorial on federal land.""And as the Ukrainian people face new threats to their territory three-dimensional printer screws Factory and well-being, they have once again demonstrated their resolute commitment to human dignity," it said."This memorial is proof that neither hard times nor the criminal intent of our enemies will conquer our nation as it seeks truth, freedom, democracy and peace on its own soil and in its own country," he added, according to an English translation provided by organisers.Drizzle provided a somber backdrop for the ceremony, which drew droves from Ukraine's US diaspora."The Kremlin, once again, as in times of Holodomor, is trying to erase Ukraine from the map.The ceremony comes amid a conflict between Kiev and Moscow that erupted in the aftermath of 2014's pro-democracy revolt and has killed thousands.Ukrainians refer to the 1932-33 famine as Holodomor or "death by hunger" and blame the regime of dictator Joseph Stalin for the deliberate starvation of men, women and children S.606.The semblance of stability in oil combined with some solid company results to lift Wall Street.28 percent.00.0786 low hit at the start of the week.

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7 per cent to Rs 90,537 crore primarily on account of increase in prices and volumes of refining and petrochemical products, partially offset by lower prices and volumes from oil and gas exploration and production business. New Delhi: Oil-to-telecom conglomerate Reliance Industries Ltd today reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to June 30 on the back of higher petrochemical margins and one- time gain from sale of African asset.8 per share) was 28 per cent higher than Rs 7,113 crore (Rs China blown film extruders Factory 24.6 per cent increase to Rs 11,571 crore. Debt grew to Rs 200,674 crore as on June 30, as compared to Rs 196,601 crore as on March 31, while cash in hand fell to Rs 72,107 crore from Rs 77,226 crore.RIL however did not provide much details on its telecom venture Jio, which commenced operations in September last year and has been the cause of most of RIL's debt and drop in cashpile.Revenue grew 26.RIL, which owns and operates the world's largest refining complex at Jamnagar in Gujarat, earned a nine-year high margin of USD 11. Also, ramp-up of ethane import project has helped in diversifying feedstock sources and mitigating risks.8 per cent.RIL had a net profit of Rs 7,113 crore in April-June of the previous fiscal.The company had reported a gross refining margin of USD 11.More announcements on Jio are expected at the company's annual general meeting in Mumbai tomorrow. Petrochemicals EBIT margin were at all-time high of 15.Organised retail saw pre-tax profit almost doubling to Rs 292 crore.

Employee cost increased by 16.. RIL CMD Mukesh Ambani said: "Our industry leading portfolio of assets in the refining and petrochemicals business contributed to considerable improvement in our earnings for the quarter. RIL has over past 3-4 years made significant investments in new plants, creating organic growth platforms for its energy and materials businesses, he said.2 per cent to Rs 10,332 crore due to increase in power and fuel expenses.3 per cent at Rs 2,455 crore while other expenditure rose 20.4 per cent at Rs 7,476 crore while petrochemical saw a massive 43."Jio's innovative market approach backed by superior HD quality VoLTE voice and data strong network has unlocked latent demand for data and growth ahead of all industry estimates," it said. This digital services business has been built to address the entire value chain across the digital services domain with smart applications to make life simple, beautiful and secure," he said.7 per cent jump to Rs 4,031 crore."Exceptional item during the quarter was Rs 1,087 crore representing profit from divestment of stake in Gulf Africa Petroleum Corporation (GAPCO)," the statement said.Ambani said full commissioning of new PX facility at Jamnagar during the quarter will strengthen the integration within polyester chain.Revenue was also boosted by robust growth in retail business which recorded a 73.7 per cent to Rs 90,537 crore for the June quarter of 2017-18."Retail business, he said, witnessed accelerated growth momentum with 74 per cent revenue growth. Loss in oil and gas exploration and production business widened to Rs 373 crore from Rs 312 crore in Q1 of FY17. Companies revenue was up 26. "Strong refining and petrochemicals margin environment contributed to higher operating profits for the quarter," it said.Jio, it said, has become the fastest growing technology company in the world with more than 100 million subscribers in just 170 days, followed by the largest free-to-paid services migration.1 a share) in the same period of the last financial year, RIL said in a statement.9 on turning every barrel of crude oil into fuel during the quarter under review. Telecom arm "Jio has revolutionised the Indian telecom and data consumption landscape.5 per barrel in the same period of the previous fiscal.Pre-tax profit from refining business was up 13.Net profit in the April-June quarter of current fiscal at Rs 9,108 crore.

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The selling bias appears to have reemerged at the end of the week due to macro-economic concerns, a forex dealer said. Breaking an extreme bullish uptrend, the home currency retreated sharply to end at a fresh one-week low of 67.1 percent, at USD 76.This comes following an outflow of Rs 15,561 crore from the capital markets (equity and debt) in April.23 billion for the week ended Jun 1 on a dip in the gold assets, Reserve Bank said.Earlier, the forex market sentiment was buoyed by the Reserve Bank retaining growth forecast for the current fiscal at 7.35 earlier.84 before retreating sharply towards weekend.

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