Watch: How falling crude oil prices affect Indian economy
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Dec 14, 2015, 16:09 PM IST
IOC to invest Rs 1.75 lakhs crore in expansion projects
IOC, India's largest oil firm, will invest Rs 1.75 lakh crore over the next seven years on expanding refinery capacity, building petrochemical plants and laying pipelines, a company official said.
Dec 13, 2015, 18:26 PM IST
Cairn India on course to roll out enhanced oil recovery plan
Cairn India is set to launch the world's largest enhanced oil recovery programme, investing about US $760 million in the site where its first oil was discovered in the Thar desert of Rajasthan.
Dec 13, 2015, 15:22 PM IST
Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm
Brent`s session low was $37.36 - barely a dollar above the$36.20 hit during the financial crisis. If it falls through that, it will go to June 2004 lows, when it traded at around $34 a barrel.
Dec 12, 2015, 00:59 AM IST
US crude oil holds near 2009 lows as global glut persists
US crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite an existing global glut.
Dec 11, 2015, 11:25 AM IST
Asia stocks head for weekly loss, China yuan hits 4-1/2-year low
Asian shares slumped on Friday, on track for a weekly loss as plunging crude prices heightened fears about receding global growth, while China`s yuan hit its weakest level in more than four years.
Dec 11, 2015, 11:18 AM IST
Oil prices drop as OPEC output rises; Brent below $40 per barrel
European benchmark Brent oil for January delivery shed 38 cents to $39.73 a barrel in London. It was Brent`s first close below the $40 line since February 2009.
Dec 11, 2015, 02:33 AM IST
OPEC says cheap oil to hit rival supply harder in 2016
OPEC forecast on Thursday that oil supply from non-member countries will fall more sharply next year, a development that would suggest its strategy reaffirmed last week of defending market share not prices is working.
Dec 10, 2015, 18:18 PM IST
Oil prices rise but stay near multi-year lows
Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will continue past next year.
Dec 09, 2015, 19:11 PM IST
Oil rises as US crude inventories dip, Japan machinery orders bounce
Oil prices rose on Wednesday as U.S. crude stocks dipped, while Japan posted rising machinery orders, lending the market support amid an ongoing supply glut that could see the market run out of onshore crude storage sites in the first quarter of 2016.
Dec 09, 2015, 13:33 PM IST
Iran topples Kuwait to become India's 5th largest oil supplier
Iran, which was India's second biggest supplier of crude oil after Saudi Arabia till 2010-11, sold 6.53 million tons of oil to India in April-September as compared to 5.31 million tons crude coming from Kuwait, official sources said.
Dec 08, 2015, 17:50 PM IST
Oil prices edge up from near 7-year lows as China oil imports surprise
Crude prices edged away from nearly 7-year lows as China reported strong commodity imports despite economic weakness.
Dec 08, 2015, 13:29 PM IST
Iran insists on `right` to raise oil output: Minister
Iran will not bow to pressure to avoid increasing its oil output following the lifting of sanctions despite slumping crude prices, its oil minister insisted here on Thursday.
Dec 03, 2015, 18:08 PM IST
India's oil import bill likely to dip 35% in FY'16
India's crude oil import bill is likely to dip by 35 percent to USD 73 billion this fiscal as global energy prices slumped on weak demand.
Nov 25, 2015, 19:15 PM IST
Oil prices slightly up in Asia but gains limited
US benchmark West Texas Intermediate (WTI) for delivery in December was trading three cents higher at USD 40.57 a barrel on its last trading day, while Brent crude for January was up 11 cents to USD 44.29.
Nov 20, 2015, 11:24 AM IST
US oil price drops amid ample supplies
US oil price retreated on Thursday as US stockpiles added last week.
Nov 20, 2015, 03:49 AM IST
Low oil prices have created favourable environment for Indian economy: FM Jaitley
FM Arun Jaitley said that low oil prices also enabled the government to rationalise subsidies.
Nov 17, 2015, 09:02 AM IST
Oil prices resume decline in Asia
US benchmark West Texas Intermediate for delivery in December was trading 47 cents lower at USD 43.74 and Brent crude for December was down 26 cents at USD 47.18.
Nov 11, 2015, 11:03 AM IST
ONGC profit dips 11% on sharp fall in oil prices
Net profit in the July-September quarter at Rs 4,842.02 crore.
Nov 06, 2015, 18:35 PM IST
Oil & gas industry seeks slashing of cess on crude
The Association of Oil and Gas Operators, which is made up for over two-dozen members including Reliance Industries, ONGC, Cairn, BP, BG, BHP and Essar, has written to Oil Secretary, demanding ad-valorem rate of cess instead of current Rs 4,500 per tonne cess.
Oct 20, 2015, 19:48 PM IST
