Oil prices drop as IEA predicts demand slowdown
US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.
Jun 11, 2015, 19:39 PM IST
OPEC agrees to keep pumping as oil glut fears persist
Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.
Jun 05, 2015, 19:13 PM IST
Oil ends down despite U.S. crude draw; stockpiles still hefty
The CBOE crude oil volatility index, meanwhile, hit a six-month low, signaling that U.S. shale drillers were hedging oil output.
May 14, 2015, 10:26 AM IST
OPEC expects oil prices to be about $76 a barrel in 2025
OPEC decided against cutting output in November, despite a huge oversupply in world markets.
May 11, 2015, 20:00 PM IST
Oil prices down in Asian trade
Prices have come off because markets had been anticipating that US production numbers would have come down lower.
May 07, 2015, 09:24 AM IST
Oil prices lower after rally
"It`s likely that the gains that we`ve seen might be getting close to an end point. Oil will probably find it difficult to sustain values much beyond the mid $60s."
May 01, 2015, 10:52 AM IST
