Oil prices drop as US stocked more crude than forecast
Crude prices fell Thursday as the US government said the country's commercial crude stockpiles rose faster than market expectations, adding to concerns about a supply glut.
Oct 16, 2015, 00:16 AM IST
Cairn India seeks cut in cess on crude as oil prices halve
Cairn India has asked government to cut the cess levied on crude oil produced from its Rajasthan fields as the levy was taking away nearly a fifth of revenue at a time when oil prices have halved.
Oct 07, 2015, 17:20 PM IST
Oil higher in Asia ahead of US jobs report, hurricane threat
Oil prices climbed in Asia Friday ahead of the release of a US jobs report and as a hurricane threatened refineries on the US east coast.
Oct 02, 2015, 11:04 AM IST
Oil prices fluctuate amid mixed data
Oil prices wavered as US crude data came in mixed.
Oct 01, 2015, 08:34 AM IST
Oil companies seek cut in cess on crude
State-owned oil producers ONGC and Oil India as well as private sector Cairn India have asked the government to cut cess on crude oil they have to pay in view of slump in prices.
Sep 21, 2015, 14:25 PM IST
Oil prices edge up after sharp falls in previous session
Crude prices fell on Monday with the onset of lower demand autumn trading and as weak economic data out of China and soft gasoline prices pressured the market.
Sep 15, 2015, 08:28 AM IST
Oil prices edge up after US drilling cut but oversupply still weighs
US crude futures were trading at $44.86 per barrel at 0215 GMT, up 23 cents from their last settlement, pushed by a slight fall in drilling activity.
Sep 14, 2015, 09:37 AM IST
Crude oil may slide to $20 a barrel, warns Goldman Sachs
Crude futures fell on Friday after Wall Street`s most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns about China`s economy.
Sep 11, 2015, 23:28 PM IST
China to launch new crude oil benchmark
China plans to launch a yuan- denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday.
Sep 10, 2015, 17:43 PM IST
Oil dips in Asia after mixed US report
US benchmark West Texas Intermediate for October delivery fell 45 cents to USD 45.80 while Brent crude for October slipped 38 cents to USD 50.12 in late-morning trade.
Sep 03, 2015, 10:09 AM IST
US lowers estimate of domestic crude oil output
The US government cut its estimate of domestic oil production on Monday, helping send crude prices sharply higher.
Aug 31, 2015, 23:18 PM IST
Oil falls back below $49 as glut, China concerns weigh
International benchmark Brent crude climbed 10 percent last week but was still heading for its fourth straight monthly decline and has risen in only two of the past 14 months.
Aug 31, 2015, 14:32 PM IST
Oil prices dip in Asia after huge rally
US benchmark West Texas Intermediate for October delivery eased 79 cents to USD 44.43 while Brent crude for October fell USD 1.00 to USD 49.05 in late-morning trade.
Aug 31, 2015, 11:05 AM IST
Oil prices fall on profit taking, rate hike uncertainty
That came after Brent climbed 10 percent last week, while US crude finished the week up 12 percent.
Aug 31, 2015, 08:52 AM IST
US oil rallies second day; WTI up 6.3%
US crude-oil prices surged higher for a second straight day Friday, as investors appeared to view the recent nose-dive as overdone.
Aug 29, 2015, 00:46 AM IST
Oil markets catch breath after biggest gains in six years
Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.
Aug 28, 2015, 08:27 AM IST
Watch: Should there be a cut in petrol and diesel prices?
Brent on Wednesday was up 30 cents at $43.51 a barrel by 1300 GMT, and US crude was up 10 cents at $39.41 a barrel.
Aug 26, 2015, 22:58 PM IST
Govt nods royalty payment to states on crude oil production
The government Wednesday agreed to pay states like Gujarat and Assam, from its annual budget, the difference between royalty paid by operators of some oil fields as per their contract and actual prevailing rate.
Aug 26, 2015, 21:35 PM IST
Cairn to invest Rs 1,400 crore to raise oil, gas carrying capacity
Cairn India is set to expand its crude oil and natural gas carrying capacity by laying a new gas pipeline from its Barmer (Rajasthan) field with an investment outlay of Rs 1,400 crore.
Aug 26, 2015, 16:03 PM IST
Oil price near 6.5-year low as China economy fears linger
Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.
Aug 26, 2015, 08:56 AM IST
