India should use oil it purchased last year at cheaper rates: Saudi Arabia
Responding to a question on India's pleas, Saudi energy minister Prince Abdulaziz bin Salman at a press conference after the OPEC+ decision on Thursday (March 5) said New Delhi should take some of the crude out of storage that they had purchased at very cheap rates last year.
Mar 06, 2021, 13:06 PM IST
Oil drops 1%, set for biggest monthly fall since November as trade wars spreads
Front-month Brent crude futures, the international benchmark for oil prices, were at $65.97 at 0639 GMT, down by 90 cents, or 1.4%, from last session`s close.
May 31, 2019, 14:00 PM IST
Oil hits highest since Nov 2014 as Brent edges closer to $80
They earlier touched their highest in more than 3-1/2 years at $79.49 a barrel.
May 17, 2018, 12:59 PM IST
Oil glut to last until mid-2017 unless OPEC cuts output: IEA
A massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output, the International Energy Agency (IEA) said today.
Oct 11, 2016, 17:48 PM IST
Oil rockets from 12-year low on renewed talk of OPEC cut
Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.
Feb 13, 2016, 00:55 AM IST
Oil prices rebound after falling below $30 per barrel
Oil prices rebounded in Asia Wednesday, halting a plunge that saw crude fall below $30 a barrel for the first time in more than 12 years, but analysts warned of further pressure on the commodity.
Jan 13, 2016, 12:59 PM IST
India to benefit from oil price fall post-Iran deal: Pradhan
International oil prices will come down with the imminent lifting of sanctions against Iran and benefit India, Petroleum Minister Dharmendra Pradhan said Wednesday.
Jul 15, 2015, 14:14 PM IST
'Govt needs contingency plan to tackle crude price volatility'
Oil prices rupee terms, prices have shot up by 11 percent from Rs 3,789.86 to Rs 4,203.94 per barrel.
May 10, 2015, 12:36 PM IST
Oil giant PetroChina Q1 net profit plunges 82%
Chinese energy giant PetroChina said its net profit plunged 82 percent year-on-year in the first three months of the year, blaming the plunge in international oil prices.
Apr 28, 2015, 13:05 PM IST
US consumer prices post sharpest monthly fall in 6 years
Falling oil prices pushed US consumer prices into their sharpest monthly drop in six years in December, according to government data released Friday.
Jan 16, 2015, 21:34 PM IST
Will pass on benefit of dip in world oil prices to consumer: Jaitley
Union Finance Minister Arun Jaitley on Friday asserted that the government will pass on the benefit of dip in international oil prices to the consumer, while he defended imposition of excise duty saying that funds for social spending also has to be raised.
Dec 19, 2014, 23:36 PM IST
LPG rate cut by Rs 113, jet fuel prices by 4.1%
A 14.2-kg cylinder of non-subsidised LPG will now cost Rs 752, down from Rs 865 previously, in Delhi, oil companies announced on Monday.
Dec 01, 2014, 15:28 PM IST
Petrol, diesel rates likely to be cut by Re 1
Petrol and diesel prices are likely to be cut by close to Re 1 per litre this weekend on sliding global oil rates.
Nov 12, 2014, 15:45 PM IST
Jet fuel prices slashed by 7.3%
The price of aviation turbine fuel (ATF), or jet fuel, at Delhi was cut by Rs 4,987.7 per kilolitre, or 7.3 per cent, to Rs 62,537.93 per kl, oil companies announced today.
Nov 01, 2014, 17:48 PM IST
Cut in diesel prices by Rs 3.56 per litre in offing
A Rs 3.56 per litre cut in diesel prices is in the offing as slump in international oil prices have helped nearly doubling of profit on India's most consumed fuel.
Oct 16, 2014, 17:09 PM IST
Profit on sale of diesel rises to Rs 3.56 per litre
With international oil prices continuing to slide, the over-recovery or profit on diesel sales, which was Rs 1.90 per litre in the first half of October, climbed to Rs 3.56 per litre.
Oct 16, 2014, 13:15 PM IST
Govt oil subsidy bill to be cut by over 60% in FY15
With international oil prices dropping to multi-year lows, government's oil subsidy bill is likely to be slashed by over 60 percent in the current fiscal.
Oct 15, 2014, 17:40 PM IST
Profit on diesel swells to Rs 1.90 a litre
Profit on sale of diesel swelled to Rs 1.90 per litre as oil ministry awaits return of Prime Minister Narendra Modi to cut rates.
Oct 01, 2014, 17:40 PM IST
Profit on diesel swells to Rs 1.90 a litre
Profit on sale of diesel swelled to Rs 1.90 per litre as oil ministry awaits return of Prime Minister Narendra Modi to cut rates.
Oct 01, 2014, 17:29 PM IST
Non-subsidised LPG cylinder price cut by Rs 21; ATF 3%
Price of non-subsidised cooking gas (LPG) was Tuesday cut by Rs 21 per cylinder and that of jet fuel (ATF) by a steep 3 percent on the back of falling international oil rates.
Sep 30, 2014, 20:27 PM IST
