Oil losses deepen on doubts over output freeze deal
World oil prices fell further today on doubts over a consensus between producer nations to limit output in an oversupplied market, dealers said.
Mar 15, 2016, 01:09 AM IST
Oil prices rise on talk of Russia, OPEC coordination
Oil prices were lifted Tuesday by talk of possible coordination between Saudi Arabia and Russia to cut petroleum output.
Jan 27, 2016, 02:25 AM IST
Oil prices sink on US energy report
In London late afternoon trade, Brent North Sea crude for December slid USD 1.59 to stand at USD 48.95 per barrel.
Nov 05, 2015, 05:17 AM IST
Global oil prices shoot higher
Global oil prices rebounded sharply on Tuesday on the falling greenback, which makes dollar-priced crude cheaper for buyers using stronger currencies.
May 13, 2015, 01:06 AM IST
Iraq predicts oil will rise to $64-65 per barrel
Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year low in January, to continue recovering to reach USD 64 or USD 65 per barrel.
Mar 01, 2015, 23:47 PM IST
Oil market tumbles after OPEC boosts output
The oil market tumbled Thursday after OPEC said it produced more oil in December than its limit, despite sharply falling prices, and lowered its global demand outlook for its crude.
Jan 16, 2015, 05:10 AM IST
Oil market slips as US crude reserves rebound
Oil slid Wednesday on news of soaring crude inventories in the United States, and after major producers stressed they will maintain output levels despite global oversupply.
Jan 15, 2015, 07:52 AM IST
Oil prices hold steady
Oil prices steadied Friday as dealers squared positions after the previous day's bumper gains which were stoked by indications the OPEC cartel will cut its production target next year.
Oct 17, 2014, 01:50 AM IST
Oil prices hit new depths on oversupply
Oil prices reached new multi-year low points Wednesday owing to a supply glut and weak global demand, before clawing back some ground as poor US retail data pressured the dollar.
Oct 16, 2014, 00:52 AM IST
