IEA takes oil market bulls to the slaughterhouse
Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, the IEA said Tuesday, noting OPEC is responsible for the latest glut of supplies on the market.
Feb 09, 2016, 19:36 PM IST
Russia's oil output hits record ahead of possible OPEC talks
Russia in January pumped a record amount of crude oil, the Russian energy ministry said Tuesday, as Moscow pushes for oil-producing states to coordinate production.
Feb 02, 2016, 23:04 PM IST
Core sector growth slows down to 0.9% in December
Growth of eight core sectors slowed down to 0.9 percent in December 2015 from 3.2 percent in the same month of previous year as production of crude oil, natural gas and steel sectors declined.
Feb 01, 2016, 17:54 PM IST
Boost to Indian economy from falling oil prices 'fading': DBS
The benefits to the Indian economy from fall in crude oil prices will be "limited" this year and domestic reforms and developments will gain focus, a report said.
Jan 28, 2016, 23:49 PM IST
HSBC revises 2016 crude price down again, sees at $45 a barrel
Even as many of its peers are betting crude as low as USD 10-20, British brokerage major HSBC sounded a tad optimistic but has pegged down the average Brent crude prices at USD 45 a barrel for 2016 from USD 60.
Jan 26, 2016, 18:57 PM IST
Oil prices fall 3% on swelling oversupply
Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last week.
Jan 25, 2016, 22:07 PM IST
Oil gains 8% but set for biggest Jan fall in 25 years
Oil extended its gains and soared about 8 percent on Friday, as a cold snap boosted demand for heating oil and investors took advantage of the lowest prices since 2003 to close out some of their more profitable bets on price declines.
Jan 22, 2016, 18:41 PM IST
Oil in unrelenting rout, dives to fresh 12-year low under $27 per barrel
Oil has fallen more than 25 percent so far this year, the steepest such slide since the financial crisis, piling more pain on oil drillers and producing nations alike.
Jan 21, 2016, 09:52 AM IST
Oil prices plunge and stocks hit lowest level since 2014
The price of US crude fell below USD 27 a barrel amid a global glut in oil supplies that seems to be getting worse.
Jan 21, 2016, 04:18 AM IST
Oil heads towards $27 per barrel as IEA warns market could 'drown in oil'
Prices have crashed about 75 percent since mid-2014, hit by a perfect storm of a supply glut, weak demand, a slowing global economy and a strong dollar.
Jan 20, 2016, 13:11 PM IST
Oil slides to lowest since 2003 as Iran sanctions are lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend.
Jan 18, 2016, 08:59 AM IST
Iran to boost oil exports by 500,000 bpd after sanctions: Shana
Iran is ready to increase its crude oil exports by 500,000 barrels a day, the deputy oil minister said on Sunday, hours after international sanctions on Tehran were lifted, removing an obstacle to exports.
Jan 17, 2016, 14:56 PM IST
Oil plummets to $29 per barrel, dragging world stocks lower
Oil prices plummeted to $29 a barrel on Friday on the impending resumption of Iranian oil exports into an already flooded market as international sanctions against the country are lifted, dragging equity indexes around the world sharply lower.
Jan 16, 2016, 12:32 PM IST
Know the revised prices of petrol and diesel in four metro cities
Know the revised prices of petrol and diesel in four metro cities.
Jan 15, 2016, 19:10 PM IST
Sensex plummets 318 points to fresh 19-month low, Nifty cracks below 7,500-level
For the week, the BSE Sensex and the NSE Nifty lost 479.29 points or 1.92 percent and 163.55 points or 2.15 percent, respectively.
Jan 15, 2016, 18:00 PM IST
Watch: Why rates of petrol and diesel may come down soon
Why rates of petrol and diesel may come down soon.
Jan 14, 2016, 16:25 PM IST
Brent falls to another 12-year low on oversupply gloom
It was the second time in two days for Brent, the global benchmark, to drop below $30 a barrel.
Jan 14, 2016, 10:09 AM IST
China December exports, imports fall much less than expected
China will release fourth-quarter and full-year 2015 economic growth data on January 19.
Jan 13, 2016, 15:57 PM IST
Oil plunges below $30 per barrel, first time since Dec 2003
Oil plunged below $30 per barrel on abundant crude supplies, as OPEC member Nigeria called for an emergency meeting to address collapsing prices that have ravaged revenues.
Jan 13, 2016, 00:01 AM IST
Oil tumbles nearly 5% to new lows; analysts warn of $20s
A brutal new year selloff in oil markets deepened on Monday, with prices plunging as much as 5 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude into the $20s.
Jan 11, 2016, 23:33 PM IST
