8 core sectors register negative growth of 0.1% in March
Eight core sectors registered negative growth of 0.1 percent in March while production growth slowed down to 3.5 percent in 2014-15 against 4.2 previous in previous year, government data showed on Thursday.
Apr 30, 2015, 17:31 PM IST
Oil prices slip away from five-month highs as Japan's industry stutters
Japanese industrial output fell 0.3 percent in March adding to mounting evidence of an export-driven economy struggling to regain momentum amid slowing global growth.
Apr 30, 2015, 08:38 AM IST
Oil prices down in Asian trade
US benchmark West Texas Intermediate fell 18 cents to $56.88 while Brent crude slipped 16 cents to $64.48 in mid-morning trade.
Apr 29, 2015, 09:15 AM IST
BofA raises oil price forecasts for 2016
Bank of America Merrill Lynch has revised upward its oil price forecasts for 2016, but said it remained bearish amid oversupply, weak demand from emerging markets, a return of US shale production and expectations of a deal on Iran.
Apr 27, 2015, 17:56 PM IST
Oil's 45%t rebound could be markets' next headache
Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.
Apr 27, 2015, 17:52 PM IST
Oil prices mixed in Asian trade
US benchmark West Texas Intermediate for June delivery fell one cent to $57.14 while Brent crude gained one cent to $65.29 in late-morning trade.
Apr 27, 2015, 08:56 AM IST
Oil prices rise in Asian trade
US benchmark West Texas Intermediate for May delivery gained 78 cents to $56.52 while Brent crude for June gained 77 cents to $64.22 in late-morning trade.
Apr 20, 2015, 09:14 AM IST
Oil falls from 2015 peaks, Brent jumps 9.6% on the week
Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent`s 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices.
Apr 18, 2015, 02:43 AM IST
Oil slips below $64 as ample supplies weigh
Brent crude was still within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by conflict in Yemen and the prospect that lower prices are starting to curb U.S. shale output.
Apr 17, 2015, 15:39 PM IST
Pradhan wants ONGC to ramp up output
Petroleum Minister Dharmendra Pradhan Thursday asked state-owned Oil and Natural Gas Corp (ONGC) to step up crude output from its fields in Assam to help reduce India's import dependence.
Apr 16, 2015, 22:52 PM IST
OPEC oil output surge boosts surplus, despite higher demand
OPEC`s oil output has surged in March, the producer group said in a report, adding to excess supply in the market despite more evidence that its strategy of letting prices fall to hurt other producers is taking effect.
Apr 16, 2015, 19:38 PM IST
Oil prices close to 2015 highs but market remains oversupplied
Brent crude oil prices opened at their highest level since February and close to 2015 highs in early Asian trading on Thursday after a near 6 percent rally the previous session, but analysts warned that the market remains oversupplied.
Apr 16, 2015, 09:31 AM IST
Oil surges after lower than expected US inventory rise
Oil prices rallied and U.S. crude jumped nearly 6 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week.
Apr 16, 2015, 01:38 AM IST
Petrol price cut by Rs 0.80/litre, diesel by Rs 1.30/litre
Petrol price was Wednesday cut by 80 paise per litre and diesel by Rs 1.30 a litre on global cues, the second reduction in rates this month.
Apr 15, 2015, 20:37 PM IST
Oil market jumps on hopes of easing global supply glut
World oil prices shot higher Wednesday on forecasts that US shale production would likely drop and help ease a global supply glut, analysts said.
Apr 15, 2015, 19:05 PM IST
IEA says oil supply boost may defer market tightening
The agency raised its forecast for global oil demand growth in 2015 for a second consecutive month, citing strong pockets of consumption in Europe, India and the United States.
Apr 15, 2015, 16:04 PM IST
Oil extends rise in Asian trade
US benchmark West Texas Intermediate for May delivery gained 26 cents to $53.55 and Brent crude for May rose 43 cents to $58.86 in late-morning trade.
Apr 15, 2015, 09:06 AM IST
IMF slashes growth forecast for Mideast oil exporters
The International Monetary Fund slashed growth forecasts Tuesday for Middle East and North Africa (MENA) oil exporters over a steep drop in crude prices, raging conflicts and continued uncertainty.
Apr 14, 2015, 19:05 PM IST
Oil above $58 on US shale output report, Mideast
Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tension in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war.
Apr 14, 2015, 17:35 PM IST
Low oil price not to dent most global project finance ratings
The current low prices of crude oil and natural gas are unlikely to have a widespread impact on the credit quality of global project finance debt over the next year to 18 months, a report has said.
Apr 14, 2015, 15:41 PM IST
