Crude oil eases off 4-month high as speculators doubt deal to cut output
Oil eased off four-month highs on Monday as doubts over oil producers reaching a meaningful output cut deal brought some speculators to unwind bullish bets.
Oct 10, 2016, 15:37 PM IST
US oil prices top $50 a barrel for 1st time since June
Oil prices in New York rose above $50 a barrel on Thursday for the first time since June, boosted by lower US petroleum inventories.
Oct 06, 2016, 19:23 PM IST
Crude falls in International Market with 0.5% surge in WTI, Brent crude
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Oct 06, 2016, 16:18 PM IST
MCX looks to launch options trading in Jan-Mar quarter
Leading commodity exchange MCX plans to launch options trading in the next quarter of this fiscal in a few commodities like bullion and crude oil following Sebi's decision to allow such trading on bourses.
Oct 03, 2016, 15:28 PM IST
Mandi live | Crude market on law in international market
Crude market on law in international market.Watch the full segment for more details.
Sep 30, 2016, 15:08 PM IST
OPEC supply cut deal to add as much as $10 to H1 2017 oil prices: Goldman
Goldman Sachs said the deal reached by OPEC crude producers on Wednesday to curb output should add $7 to $10 to oil prices in the first half of next year.
Sep 29, 2016, 11:58 AM IST
Saudi Arabia and Russia sign oil pact, could limit output
Saudi Arabia and Russia on Monday signed a deal to seek cooperation in the oil market, including on limiting output, sending oil prices sharply higher on hopes the two top producers would work together to tackle a global glut.
Sep 05, 2016, 18:05 PM IST
Oil prices rebound on weaker dollar despite bigger-than-expected US stock build
Oil prices rose in early Asian trade on Thursday, rebounding on a weaker U.S. dollar after falling around 3 percent or more in the previous session following a surprisingly large build in U.S. crude and distillate stocks last week.
Sep 01, 2016, 06:11 AM IST
July core sector growth at 3.2% vs 5.2% in June
Infrastructure sector grew at 3.2 percent in July mainly because of improvement in performance of energy sector, especially refinery output.
Aug 31, 2016, 18:42 PM IST
Oil falls amid supply glut, lower prospects of output freeze
Amid the recent fluctuation in global crude oil rates, prices fell on Friday, in a situation of supply glut following indications from Saudi Arabia that no output freeze was in the offing.
Aug 26, 2016, 18:30 PM IST
US crude down 3% after big stockpile build report
Oil prices tumbled on Wednesday, with U.S. crude falling more than 3 percent, after an unexpectedly large inventory build in the world`s biggest oil consumer renewed worries about oversupply.
Aug 24, 2016, 22:19 PM IST
Oil up, Brent over $50/bbl at 6-week high on OPEC freeze talk
Oil prices rose for a sixth straight day, with Brent crude touching a six-week high above $50 a barrel on Thursday as the world`s biggest producers prepared to discuss a possible freeze in production levels.
Aug 18, 2016, 22:51 PM IST
Oil prices extend gains on Saudi minister's comments
Oil prices climbed further on Friday as investors were digesting the latest remarks from Saudi Energy Minister.
Aug 13, 2016, 09:38 AM IST
Price of brent crude crosses 46$ / barrel
Price of brent crude crosses 46$ / barrel. Watch this special segment and get to know more here.
Aug 12, 2016, 16:05 PM IST
IEA cuts oil demand forecast on Brexit impact
The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.
Aug 11, 2016, 16:51 PM IST
Pradhan pitches for cut in oil cess
Petroleum Minister Dharmendra Pradhan has asked Finance Ministry to cut cess on domestically produced crude oil to 10-12 per cent from current 20 percent to provide relief to producers hit by slump in prices.
Aug 03, 2016, 17:02 PM IST
Iraq overtakes Saudi Arabia as India's top oil seller
Iraq has overtaken Saudi Arabia to become India's top crude oil supplier while Iran has grabbed the fourth biggest exporter slot post lifting of sanctions.
Jul 25, 2016, 16:28 PM IST
ONGC saddled with Rs 392 cr additional royalty, Rs 1,100 cr burden on Oil India
ONGC will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise.
Jul 22, 2016, 10:47 AM IST
Hike in crude prices after decline of US stocks
Hike in crude prices after the decline of US stocks. Watch this special segment and get to know more here.
Jul 20, 2016, 21:05 PM IST
Oil prices dip in Asia as oversupply worries return
Oil prices turned lower again in Asia on Wednesday after data indicated a rise in US stockpiles, reigniting concerns about a supply glut, while profit-takers stepped in after the previous day's surge.
Jul 13, 2016, 10:40 AM IST
