Oil prices claw back some losses, but oversupply still weighs
US gasoline stocks posted a counter-seasonal build of 1.5 million barrels, because of rising refining activity.
Apr 20, 2017, 11:03 AM IST
Core sector growth slows down to 1% in February
The growth of eight core sectors slowed down to 1 percent in February mainly due to contraction in output of crude oil, natural gas, refinery products, fertiliser and cement.
Mar 31, 2017, 17:39 PM IST
Oil slips towards $50 on doubts over duration of output cut
Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.
Mar 27, 2017, 17:30 PM IST
ONGC takes $239 million hit from royalty payments
Oil and Natural Gas Corp will take a 16 billion rupee ($239 million) hit to its quarterly earnings to account for previous royalty payments to two states.
Feb 21, 2017, 23:13 PM IST
Iran becomes 3rd largest oil supplier for India
Iran has zipped past the likes of Venezuela and Nigeria to become India's third largest oil supplier as easing western sanctions enabled Indian companies to increase purchases from that country.
Feb 15, 2017, 19:15 PM IST
Oil dips over doubts high OPEC compliance with agreed cuts will last
Oil prices dipped on Wednesday over concerns that OPEC producers would not be able to maintain their high compliance so far with output cuts aimed at reining in a global fuel supply overhang.
Feb 15, 2017, 12:24 PM IST
OPEC countries complying with agreed output cuts: IEA
OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil demand was likely to be more vigorous than anticipated this year.
Feb 10, 2017, 19:24 PM IST
Iraq has cut 180,000 bpd as part of OPEC oil deal: Minister
Iraq has reduced its oil production by around 180,000 barrels per day and plans to cut a further 30,000 bpd before the end of the month, the OPEC member`s oil minister said on Monday.
Jan 23, 2017, 18:16 PM IST
Oil hits 18-month high as markets eye output cuts
Benchmark Brent crude jumped more than 2 percent to a high of $58.37, up $1.55 a barrel and its highest since July 2015.
Jan 03, 2017, 15:35 PM IST
Petrol price hiked by Rs 2.21 per litre, diesel by Rs 1.79 a litre
Petrol price was on Friday hiked by Rs 2.21 per litre and diesel by Rs 1.79 a litre in line with global trends.
Dec 16, 2016, 20:48 PM IST
Big News : OPEC decides to reduce its oil production
OPEC decides to reduce its oil production. Watch complete news story of News 360 for getting detailed updates!
Dec 01, 2016, 13:15 PM IST
Oil prices jump 8% as OPEC agrees first production cut since 2008
Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world`s largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices.
Nov 30, 2016, 19:03 PM IST
Oil prices decline on US inventory surge
Oil prices declined on Wednesday in volatile trading as the US reported a 7.7-per cent increase of crude oil inventories.
Nov 17, 2016, 02:52 AM IST
Iran oil exports hit 2.44 million barrels per day
Iran boosted its oil exports to 2.44 million barrels per day in late October as it regains market share lost during years of international sanctions, its oil minister said Wednesday.
Nov 02, 2016, 17:22 PM IST
Angolan state oil company mirrors nation's troubles
Angolan state-owned oil company Sonangol rode the commodities boom that drove the country`s extraordinary growth after civil war ended in 2002, but today it symbolises a national economic crisis.
Oct 30, 2016, 12:16 PM IST
Delhi HC dismisses Cairn India's plea for export of excess crude
Delhi High Court on Tuesday dismissed a plea filed by UK-based Vedanta group company, Cairn India Ltd, seeking permission to export excess crude from its Barmer oil field in Rajasthan.
Oct 18, 2016, 11:29 AM IST
Diesel price hike: Know how much it costs in your city now
Prices of non-branded Diesel in metro-cities
Oct 15, 2016, 19:54 PM IST
Petrol price hiked by Rs 1.34 per litre, diesel by Rs 2.37
Petrol price was on Saturday hiked by Rs 1.34 a litre, the fifth increase in two months, and diesel by Rs 2.37 a litre on back of spike in global rates.
Oct 15, 2016, 19:24 PM IST
Oil climbs above $52 per barrel on support from US fuel stocks
Supported by drop in US fuel inventories, oil price climbed above $52 per barrel on Friday. It comes at a time when OPEC is mulling over a plan to reduce oil production.
Oct 14, 2016, 20:20 PM IST
India's oil imports from Iran fall 4.1 percent in September
India`s purchases of Iranian oil fell 4.1 percent in September, slipping from August when imports from Tehran hit their highest in at least 15 years, according to ship tracking data.
Oct 12, 2016, 12:39 PM IST
