Crude Oil

Growth in eight core infra industries rises by 3% in June

The eight sectors contribute 38 percent to the overall industrial production, a parameter that the RBI takes into account while framing its monetary policy.

Jul 31, 2015, 17:35 PM IST

Oil prices down in Asia

US benchmark West Texas Intermediate for September delivery fell 36 cents to $48.16 and Brent crude for September shed 29 cents to $53.02 a barrel in late-morning trade.

Jul 31, 2015, 09:20 AM IST

Oil prices extend rise in Asia

US benchmark West Texas Intermediate (WTI) for September delivery was up 13 cents at USD 48.92 and Brent crude gained 32 cents to USD 53.70 a barrel in late-morning trade.

Jul 30, 2015, 10:33 AM IST

Oil prices fall on oversupply concerns, weaker dollar support

Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in U.S. crude stocks and a weakening dollar.

Jul 29, 2015, 11:13 AM IST

Oil prices fall close to four-month lows on China, glut worries

Both the dollar and euro held steady in early Asian trade after the dollar index slipped 0.7 percent in the previous session. The euro surged to a two-week high overnight, which had helped to support oil prices.

Jul 28, 2015, 08:43 AM IST

Oil hits four-month low on China stocks tumble, supply worries

Crude oil futures hit four-month lows on Monday after a steep drop in China`s stock markets spread concerns about the economic health of the world`s biggest energy consumer, amid evidence of a growing crude glut.

Jul 28, 2015, 00:11 AM IST

Oil down in Asia, hurt by Chinese factory slump

A strong dollar and signs of increasing US oil production added pressure on oil prices, which have already been depressed by a global crude oversupply, analysts said.

Jul 27, 2015, 09:17 AM IST

Oil prices resume decline on supply glut concerns

Oil prices resumed their decline Wednesday following a US report showing that stockpiles surged last week, with analysts warning of further weakness ahead.

Jul 22, 2015, 21:38 PM IST

Oil prices resume decline on supply glut worries

Ahead of an official report, the industry-funded American Petroleum Institute (API) said stockpiles had increased by 2.3 million barrels last week.

Jul 22, 2015, 09:58 AM IST

Oil prices edge lower on stronger dollar, ample supply

U.S. August crude , set to expire on Tuesday, fell 12 cents to 50.03 a barrel by 0054 GMT. The front-month contract fell below $50 a barrel on Monday for the first time since April.

Jul 21, 2015, 08:51 AM IST

Oil edges lower as Saudi crude exports fall, US cuts drill rigs

Brent September crude was 12 cents lower at $56.98 a barrel by 0316 GMT. The benchmark had fallen nearly 3 percent last week and more than 10 percent for the month.

Jul 20, 2015, 09:37 AM IST

Oil prices down in Asia as Iran deal looms

A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market, analysts said.

Jul 13, 2015, 08:59 AM IST

Oil prices rise in Asia but China, Greece cap gains

Robust commercial crude inventories in the United States added to the pressure in the face of a supply glut, they said.

Jul 09, 2015, 08:54 AM IST

Oil rebounds in Asia

US benchmark West Texas Intermediate for August delivery advanced 47 cents to $53.00 in late-morning Asian trade after plummeting nearly 8.0 percent, or $4.43, in US closing deals Monday.

Jul 07, 2015, 09:17 AM IST

Oil prices rise as Iran nuclear talks extended

Oil prices rebounded Tuesday as Iran and six major powers extended a deadline for reaching a nuclear deal that could add Iranian oil to an oversupplied global market.

Jul 01, 2015, 02:25 AM IST

Oil holds below three-week lows as Greek enters 2nd day of bank shutdown

Oil futures hovered below three-week lows on Tuesday as investors waited for developments in Greece following a bank shutdown, keeping them away from riskier assets and putting Brent crude on course for a second month of declines.

Jun 30, 2015, 13:48 PM IST

Greek worries push oil below $62 to three-week low

Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

Jun 29, 2015, 15:37 PM IST

Essar Oil UK posts $70 million profit in FY15

Essar Oil UK, which owns and operates UK's Stanlow refinery, Friday reported a net profit of USD 70 million for the year ended March 31 compared with a loss of USD 121 million in the previous fiscal.

Jun 26, 2015, 13:43 PM IST

Oil prices mixed with focus on Greece

US benchmark West Texas Intermediate for August delivery fell eight cents to USD 59.62 while Brent crude for August gained 20 cents to USD 63.40 in mid-morning trade.

Jun 26, 2015, 09:26 AM IST