Oil hits 3-1/2-year high after US quits Iran deal
Brent crude oil touched its highest since November 2014 at $77.20 a barrel.
May 09, 2018, 17:30 PM IST
Donald Trump to announce decision on Iran nuclear deal; we are prepared, says Tehran
The Iran deal, negotiated during the administration of Barack Obama, eased economic sanctions on Iran in exchange for Tehran limiting its nuclear program.
May 08, 2018, 18:13 PM IST
MCX to launch options trading in crude oil on May 15
Significantly, this is India's first crude oil options contract and on its expiry, the open position will devolve into the respective underlying futures position.
May 08, 2018, 17:42 PM IST
China rebuffs US criticism of relations with oil-rich Venezuela
China`s support for Venezuela has benefited ordinary people and been broadly welcomed, the foreign ministry said on Monday after the U.S. Treasury accused China of aiding Venezuelan President Nicolas Maduro`s government with murky oil-for-loan investments.
Feb 05, 2018, 16:36 PM IST
Brent oil hits $71 for 1st time since 2014 as dollar drops, US stocks decline
Analysts said that rising oil prices would likely start to have an inflationary effect.
Jan 25, 2018, 11:26 AM IST
India's 2017 oil demand growth posts lowest gain since 2013
The low growth also coincided with another year of weak, albeit improving, new vehicle sales.
Jan 11, 2018, 11:17 AM IST
Oil hits highest since mid-2015, then dips
It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel, buoyed by large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.
Jan 03, 2018, 00:04 AM IST
Oil eases as traders, investors grow edgy ahead of OPEC
Oil has been under pressure for the last two weeks since peaking in early November.
Nov 21, 2017, 09:43 AM IST
Petrol, diesel prices to cost more as crude oil hits 28-month high
Globally, oil prices rose 3.5 percent on Monday, hitting the highest since early July 2015, as Saudi Arabia's crown prince cemented his power with an anti-corruption crackdown, while the US rig count fell and markets continued to tighten.
Nov 07, 2017, 12:07 PM IST
Oil prices dip on record US exports, but OPEC-led supply cuts lend support
The declines came after the Energy Information Administration (EIA) said late on Wednesday that US crude oil exports jumped to 1.98 million barrels per day (bpd) last week, surpassing the 1.5 million bpd record set the previous week.
Oct 05, 2017, 11:01 AM IST
US oil dips below $50 per barrel over doubts recent rally will last
Traders said the drops came over concerns that a third-quarter market rally that had lifted Brent to mid-2015 highs by late September had been overdone.
Oct 04, 2017, 10:52 AM IST
Oil rises to 26-month high; Turkey threatens to cut Kurdistan oil pipeline
London Brent crude for November delivery was up 1 cent at USD 59.03 a barrel after settling up 3.8 percent on Monday. Earlier it rose to USD 59.49, the highest since July 10, 2015.
Sep 26, 2017, 13:54 PM IST
Eight core sectors growth slips to 2.4% in July
The growth of eight core sectors slowed to 2.4 percent in July due to contraction in output of crude oil, refinery products, fertiliser and cement.
Aug 31, 2017, 19:29 PM IST
IOC to make first ever crude oil purchase from US this year
The official said IOC had last month sealed a deal to import 1.6 million barrels of crude from the US for delivery in the first week of October at its Paradip refinery in Odisha -- the first ever such purchase of US crude by an Indian state-run refiner.
Aug 10, 2017, 14:35 PM IST
HPCL Q1 net profit dips 56% on lower margins
The company earned USD 5.86 on turning every barrel of crude oil into fuel during April-June, 2017-18 as compared to a gross refining margin of USD 6.83 per barrel in the same period of 2016-17, he said.
Aug 04, 2017, 17:49 PM IST
31 held as syndicate that stole oil worth crores from Cairn India's oildfield busted
The Rajasthan police have claimed to have busted an inter-state syndicate that allegedly stole crude oil worth crores of rupees from Cairn India's oilfield.
Jul 23, 2017, 23:11 PM IST
India buys first ever US crude oil, to step up purchases
The purchase comes after Indian Prime Minister Narendra Modi`s visit to the US in June when President Donald Trump said his country looked forward to exporting more energy products to India.
Jul 10, 2017, 12:32 PM IST
Oil languishes near multi-month lows on glut fears
Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut a global output.
Jun 21, 2017, 13:01 PM IST
OPEC set to prolong oil output cuts by nine months
OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
May 24, 2017, 11:07 AM IST
China's April trade growth slows as commodities, electronics demand cools
China`s April imports rose 11.9 percent, cooling from March`s 20.3 percent rise, official data showed on Monday, and missing analysts` expectations for an 18 percent rise.
May 08, 2017, 14:30 PM IST
