Fall in crude prices responsible for dip in exports: Govt
As merchandise shipments continue to fall since last December, a top official in Commerce Ministry today attributed the declines to sharp fall in fuel prices overseas, which led to a dip in petroleum product exports.
Aug 25, 2015, 23:18 PM IST
Oil rebounds but still near 6-1/2-year lows
Futures of U.S. crude and Brent, the global oil benchmark, are both down more than 16 percent on the month.
Aug 25, 2015, 22:29 PM IST
Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years
US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.
Aug 21, 2015, 21:59 PM IST
Iran asks India to clear $6.5-billion oil dues in 2 months
Iran has asked India to pay within two months USD 6.5 billion in past oil dues, partly in rupees and rest in dollars or euros, a top official said.
Aug 20, 2015, 16:24 PM IST
Five key reasons behind falling oil prices
Here are the 5 key reasons of oil price decline.
Aug 20, 2015, 10:59 AM IST
US crude down 4% to hit 6-1/2-year low on surprise stock build
US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.
Aug 20, 2015, 08:59 AM IST
Oil prices fall ahead of US stocks data
US benchmark West Texas Intermediate for September delivery fell 17 cents to USD 42.45 a barrel and Brent crude for October dipped 23 cents to USD 48.58 a barrel in late-morning Asian trade.
Aug 19, 2015, 09:22 AM IST
Oil prices fall again as US and Asian demand looks to weaken
Both crude oil benchmarks are now almost a third below their last peak from May, and analysts say more falls could lie ahead.
Aug 18, 2015, 08:40 AM IST
Oil prices slide further in Asia
Oil prices resumed their decline in Asia on Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said.
Aug 17, 2015, 09:07 AM IST
Cairn seeks oil swaps to get higher margins
Sources close to the company said Cairn India has sought government approval for a tripartite agreement wherein Barmer crude oil will go to the international market where it will get better price than the ones realised locally.
Aug 16, 2015, 11:55 AM IST
Crude oil sinks again amid global supply glut
Crude oil prices fell again Friday as the main US futures contract concluded its sixth straight week of losses, in a market awash with worry about the global oversupply.
Aug 08, 2015, 02:55 AM IST
Oil falls below $45 per barrel, inches closer to 6-year low
Oil prices fell again Thursday in a glum market as the global oversupply of crude oil looked entrenched and demand prospects weak.
Aug 07, 2015, 01:41 AM IST
Oil trades close to multi-month lows, Brent below $50
"We`re talking about September crude runs now and that`s pretty much past summer," said Tony Nunan, a risk manager at Mitsubishi Corp.
Aug 06, 2015, 13:04 PM IST
Oil prices rebound ahead of US energy, employment data
Oil prices rose modestly Tuesday, snapping a three-day skid as traders awaited key data on US petroleum supplies and employment levels.
Aug 05, 2015, 01:33 AM IST
Rajan says crude, commodity fall best chance to curb inflation
A continuing plunge in crude oil and other commodity prices in global markets offers one of the best and the lowest-cost means to choke the inflation fangs sustainably and India must take advantage of this scenario, RBI Governor Raghuram Rajan said Tuesday.
Aug 04, 2015, 21:09 PM IST
Oil dives 5% to six-month low under $50 on China worry
Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout.
Aug 04, 2015, 04:47 AM IST
Oil suffers second day of steep sell-offs
Oil prices dived Monday, with Brent crude tumbling about five percent, after new data showed weakening US and Chinese manufacturing and amid worries about the global supply glut.
Aug 04, 2015, 02:01 AM IST
Oil prices languish as supply concerns linger
US benchmark West Texas Intermediate for September fell 36 cents to $46.76 while Brent crude for September eased 42 cents to $51.79 in morning trade.
Aug 03, 2015, 08:27 AM IST
Oil prices extend decline
Oil prices extended their decline on Friday with no sign of an end to a global supply glut.
Jul 31, 2015, 20:33 PM IST
Infra sector growth slows down to 3% in June
The sharp decline in the pace of growth during June follows a six-month high rate of 4.4 percent in May this year.
Jul 31, 2015, 18:30 PM IST
