Saudi, Russia outline record oil cut under US pressure as demand crashes
The planned output curbs by OPEC+ amount to 10 million barrels per day (bpd) or 10% of global supplies, with another 5 million bpd expected to come from other nations to help deal with the deepest oil crisis in decades.
Apr 10, 2020, 10:48 AM IST
Oil rises more than 1% ahead of OPEC meeting to discuss supply cuts
Oil prices rose more than 1% on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
Mar 05, 2020, 10:47 AM IST
India faces major economic jolt if Iran-USA war breaks out, oil prices may hit the sky
Tackling slowdown in the Indian economy will become very difficult if petrol and diesel prices move up due to a war between Iran and the US. The war will also hit the export of Indian basmati rice and tea to Iran.
Jan 09, 2020, 09:59 AM IST
Oil inches up as Iran and United States trade threats
Brent crude futures rose 22 cents to $68.82 a barrel by 12:19 p.m. EST (1719 GMT), after soaring to a high of $70.74 a barrel from Friday`s settlement. US West Texas Intermediate crude was up 7 cents at $63.12 a barrel after touching $64.72, its highest since April. Oil pared gains during the session.
Jan 06, 2020, 23:34 PM IST
Oil edges up on upbeat data, Middle East unrest
Investors remained cautious despite news of the US strikes in Iraq and Syria against an Iran-backed militia group, even as US officials warned "additional actions" may be taken. West Texas Intermediate (WTI) crude futures rose 4 cents to $61.76 a barrel by 0800 GMT. The US benchmark is up about 36% so far this year.
Dec 30, 2019, 14:34 PM IST
Petrol, diesel prices cut for 5th consecutive day
Petrol prices were cut by 13 paise per litre, while diesel prices were down by 12 paise per litre in Delhi, Kolkata, Mumbai and Chennai.
Oct 07, 2019, 11:15 AM IST
Petrol, diesel prices surge for 7th straight day
ICE November Brent futures were trading $0.51 higher at $64.93 per barrel in the international market.
Sep 23, 2019, 15:26 PM IST
Petrol, diesel prices may shoot up by Rs 5-6 a litre: Experts
A recent report by Kotak said that in light of the sharp rise in international crude oil prices, Indian oil marketing companies (OMCs) may increase the retail price of diesel and gasoline by Rs 5 to 6 per litre in the following fortnight.
Sep 17, 2019, 11:18 AM IST
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Jun 21, 2019, 19:56 PM IST
Deshhit: Will the price of Crude oil go up in India?
What will be the impact of the conflict between Iran and America in India? Will the price of oil go up in India?
May 14, 2019, 21:24 PM IST
Oil prices rise, but still set for weekly fall amid equities rout
Brent crude futures rose 33 cents, or 0.4 percent, to $80.59 a barrel by 0256 GMT.
Oct 12, 2018, 09:51 AM IST
Oil drops to around $83 on expectations Iran will maintain some exports
Two companies in India, a big buyer of Iranian oil, have ordered barrels in November, India`s oil minister said on Monday.
Oct 08, 2018, 15:58 PM IST
Govt raises ethanol price for blending in petrol by 25%
Also, OMCs will pay GST and transportation charges.
Sep 13, 2018, 11:44 AM IST
Oil prices reach highest since November 2014 on Venezuela, Iran worries
The concerns added to worries over a looming decision on whether the United States will walk away from a deal with Iran and instead re-imposes sanctions on Tehran, keeping international oil markets on edge.
May 07, 2018, 10:36 AM IST
How GST may impact petrol, diesel price – Check out tax chart
In a curious turn, taxes and duties seem to exceede the actual cost of production of petrol and diesel in the country.
Sep 19, 2017, 15:04 PM IST
Petroleum products under GST? Here's how it would benefit consumers
Market watchers are saying that if government goes ahead with Pradhan's suggestion and include fuel prices under the ambit of GST, there will be a steep downfall in the prices.
Sep 15, 2017, 14:15 PM IST
Spike in petrol, diesel price is due to Hurricane Irma, Harvey in US: Dharmendra Pradhan
The statement comes in the wake of hike in fuel prices.The petrol and diesel prices have gone through the roof ever since the central government announced daily revision of fuel prices.
Sep 13, 2017, 19:14 PM IST
Oil prices rise as market expects extended production cut
Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
May 24, 2017, 12:12 PM IST
Oil prices rise on expectation of output cut extension
Brent crude futures were at $49.82 per barrel at 0323 GMT on Monday, up 72 cents, or 1.47 percent, from their last close.
May 08, 2017, 10:38 AM IST
Oil hits one-month high near $55 on tighter supplies
Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield lent support.
Apr 05, 2017, 16:43 PM IST
