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
Oil options lurch closer to $20 per barrel Goldman doomsday forecast
When US investment bank Goldman Sachs said last year that oil could fall as low as $20 per barrel, it assigned a fairly low probability to that scenario.
Jan 11, 2016, 23:24 PM IST
Oil down again to 12-year low; $30 handle looks more likely
Brent settled down 48 cents at $33.75, after sliding to a low of $32.16, a level last seen in April 2004.
Jan 08, 2016, 09:17 AM IST
Oil extends losses, nears $33 a barrel
Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.
Jan 07, 2016, 11:56 AM IST
Asia subdued as crude oil flounders, global woes support dollar and yen
dollar and yen drew support from anxiety over global growth and geopolitical risk stemming from Iran-Saudi tensions.
Jan 06, 2016, 06:24 AM IST
Oil prices rise after Saudi Arabia cuts ties with Iran
Oil prices rose in Asia Monday after crude kingpin Saudi Arabia cut diplomatic ties with Iran following a row over Tehran`s execution of a Shiite cleric.
Jan 04, 2016, 08:39 AM IST
Excise duty hike on petrol, diesel: All you need to know
There will be no increase in retail selling price of petrol and diesel as state-owned oil firms had not passed on the full benefit of a reduction in international oil prices to consumers on January 1.
Jan 02, 2016, 17:51 PM IST
Oil prices subdued in Asia
Oil prices remained weak in Asia on Tuesday on tepid economic data from Japan and indications that major crude exporter Saudi Arabia's 2016 budget is based on prices staying low.
Dec 29, 2015, 11:28 AM IST
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Dec 29, 2015, 10:14 AM IST
Oil falls to $37, near 11-year low, as excess supply weighs
Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.
Dec 28, 2015, 21:26 PM IST
Oil rises, WTI and Brent at parity ahead of US supply report
Oil prices rose in Asian trading hours on Wednesday after the US benchmark WTI overtook its European counterpart Brent in reaction to the lifting of a 40-year US crude exports ban.
Dec 23, 2015, 11:19 AM IST
Oil hits 11-year low on glut worries
European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.
Dec 21, 2015, 13:36 PM IST
US Congress decides to lift 40-year ban on oil export
The US is set to lift a four-decade ban on export of oil, a move that may benefit countries like India by giving them an option to purchase crude from non-Middle Eastern nations.
Dec 17, 2015, 11:37 AM IST
US crude resumes decline as oversupply concerns return
US crude oil prices fell in early Asian trade, resuming their decline after strong gains on Monday snapped a six-day losing streak, on concerns about a global glut and mild winter demand.
Dec 15, 2015, 06:45 AM IST
US stocks gain as oil steadies; European markets fall
European stocks suffered another round of losses Monday, while US equities finished higher following a late-session rally in oil prices.
Dec 15, 2015, 05:14 AM IST
Know how low oil prices affect Indian economy
Know how low oil prices will create favourable environment for the Indian economy...
Dec 15, 2015, 03:52 AM IST
Govt to auction 28 oil, gas blocks off Mumbai; 14 in KG basin
As many as 28 oil and gas fields out of the 69 small and marginal fields of state-owned firms that the government plans to auction to private players are in Mumbai offshore, Oil Minister Dharmendra Pradhan said on Monday.
Dec 14, 2015, 19:51 PM IST
