Oil up more than 1% after US inventory drop
Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.
May 30, 2015, 10:13 AM IST
Oil prices edge up after two days of steep falls
Crude oil prices recovered on Thursday after a two-day slide, although high U.S. stocks and strong global production, along with a firm dollar, were keeping markets under pressure.
May 28, 2015, 08:21 AM IST
Oil recovers from drop of over 2%, US crude stocks in focus
Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week.
May 27, 2015, 08:30 AM IST
Oil prices mixed in Asian trade
US benchmark West Texas Intermediate for July delivery gained 12 cents to $59.84 while Brent crude for July fell one cent to $65.51 in late-morning trade.
May 26, 2015, 09:33 AM IST
Oil prices up in Asian trade
US benchmark West Texas Intermediate for July delivery climbed 14 cents to USD 59.86 a barrel and Brent crude for July added eight cents to USD 65.45 in late-morning trade.
May 25, 2015, 09:56 AM IST
Oil down 3% on dollar rally, ample supply worry
Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.
May 19, 2015, 23:27 PM IST
Oil prices higher on Middle East unrest
Oil prices rose on Monday as fresh tensions in Yemen and Iraq raised concerns about a supply disruption in the crude-rich Middle East, analysts said.
May 18, 2015, 19:16 PM IST
Goldman cuts crude outlook and oil company forecasts
Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand.
May 18, 2015, 18:34 PM IST
Cairn seeks revision in Rajasthan block's pricing formula
Cairn India has demanded a change in the pricing formula for crude oil from its prolific Rajasthan block saying the current pricing mechanism does not capture the full value of oil.
May 18, 2015, 16:22 PM IST
Iran deputy oil min says OPEC unlikely to cut output
The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday.
May 18, 2015, 10:22 AM IST
Petrol price hiked by Rs 3.13 per litre, diesel by Rs 2.71
The hike, which comes on the back of Rs 3.96 per litre increase in petrol and Rs 2.37 a litre raise in diesel from May 1, will be effective from midnight tonight.
May 15, 2015, 19:52 PM IST
Petrol price hiked by Rs 3.13, diesel by Rs 2.71 per litre
Prices of petrol in Delhi will be Rs 66.29 a litre as against the current Rs 63.16; while diesel will cost Rs 52.28 per litre as against Rs 49.57.
May 15, 2015, 18:34 PM IST
Bipartisan bill introduced to end ban on crude oil export
An influential group of Senators from both the Republican and Democratic parties have introduced a legislation in US Senate to end the 1975 ban on crude oil export, which could benefit gas and oil deficient countries like India.
May 14, 2015, 21:30 PM IST
Oil prices down in Asian trade
US benchmark West Texas Intermediate for June delivery fell eight cents to USD 59.17 while Brent crude for June eased 16 cents to USD 64.75 in late-morning trade.
May 12, 2015, 09:12 AM IST
Oil prices tread water in Asian trade
US benchmark West Texas Intermediate for June delivery eased eight cents to USD 59.31 while Brent crude for June rose two cents to USD 65.41 in late-morning trade.
May 11, 2015, 09:25 AM IST
Oil prices at 2015 highs
US benchmark West Texas Intermediate for June delivery gained 87 cents to $61.27, while Brent crude for June rose 63 cents to $68.15 in afternoon trade.
May 06, 2015, 08:15 AM IST
Oil firms to $67, near 2015 high, as Libya output slows
Brent crude oil rose to $67 a barrel on Tuesday, just below its 2015 high, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports.
May 05, 2015, 16:52 PM IST
Oil prices down in Asian trade
US benchmark West Texas Intermediate fell seven cents to $58.86 while Brent crude eased ten cents to $66.35 in mid-morning trade.
May 05, 2015, 08:54 AM IST
Oil prices down in Asian trade
US benchmark West Texas Intermediate fell 27 cents to $58.88 while Brent eased 13 cents to $66.33 in mid-morning trade.
May 04, 2015, 08:59 AM IST
Infra sector growth at 17-month low of (-)0.1% in March
The previous low logged by the core industries was in October 2013 at (-) 0.6 percent.
Apr 30, 2015, 18:53 PM IST
