Oil prices dip further in Asian trade
US benchmark West Texas Intermediate (WTI) for February delivery was down 34 cents at $45.55 a barrel in late morning trade and Brent crude for February dropped 43 cents to $46.16.
Jan 14, 2015, 09:23 AM IST
OPEC cannot protect oil price: UAE
OPEC cannot protect world oil prices which have plunged since June, the United Arab Emirates said on Tuesday, arguing that rising North American shale oil output needed to be curbed.
Jan 13, 2015, 13:25 PM IST
Oil dives close to six-year lows; European stocks rise
Crude sank again Monday after Wall Street investment titan Goldman Sachs slashed its price outlook for the commodity, adding to anxiety about a global oversupply, weak demand and soft growth in the key Chinese and European markets.
Jan 13, 2015, 09:21 AM IST
Global crude oil price of Indian basket falls to $47.36/barrel
The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 47.36 per barrel on Friday, compared to USD 47.95 per barrel on the previous publishing day.
Jan 12, 2015, 16:21 PM IST
India's sovereign rating upgrade likely in 2015: Report
Improving external balances and government actions may drive a sovereign rating upgrade for the country during the current calendar year, according to a report by Deutsche Bank (DB).
Jan 09, 2015, 00:43 AM IST
Price fall to push oil industry into sharp recession: Report
The oil price plunge means energy companies will slash capital spending in North America. Europe and Asia in 2015, investment bank Evercore IS said Tuesday.
Jan 07, 2015, 00:16 AM IST
Oil hits fresh 5-1/2-year lows; Brent below $53
West Texas Intermediate (WTI) for February, the US benchmark, rose 24 cents to USD 50.28 in late-morning trade. Brent crude rose for February rose 39 cents to USD 53.50.
Jan 06, 2015, 09:50 AM IST
US oil climbs above $55 a barrel on renewed Libyan tensions
US crude briefly touched $55.74, up $1.01, after closing $1.11 down in thin trade on Friday. It was at $55.35 a barrel as of 0048 GMT.
Dec 29, 2014, 09:05 AM IST
Oil declines in light trading, extending losses on weak US data
Oil traded declined slightly Friday, after paring gains from early in the session, as a supply glut in top consumer the United States trumped worries about falling production from Libya.
Dec 26, 2014, 21:24 PM IST
Brent holds above $60, but heads for 5th weekly drop
Brent is down more than a percent for the week, while U.S. crude was heading for a smaller 0.7 percent drop.
Dec 26, 2014, 10:21 AM IST
OPEC won`t cut output even at $20 a barrel: Saudi Arabia
OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not, Saudi Arabia said.
Dec 23, 2014, 16:09 PM IST
Oil prices likely to rebound in second half of 2015: Poll
Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC`s decision not to cut output, a Reuters monthly survey showed.
Dec 22, 2014, 21:35 PM IST
'Irresponsible' non-OPEC output behind oil price plunge: UAE
"Irresponsible" levels of output by producers from outside the OPEC oil cartel is among the main causes of the slump in prices, the United Arab Emirates energy minister charged Sunday.
Dec 21, 2014, 17:37 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
Saudi to continue 'massive' spending despite oil price fall
Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil which provides the bulk of the kingdom's revenue, the finance minister said Wednesday.
Dec 17, 2014, 18:42 PM IST
OPEC chief says no target price, but oil slide beyond fundamentals
The head of OPEC said on Sunday the group had no target price for oil, signalling no change to a policy to maintain production levels which has contributed to sharp falls in the price of crude, unnerving global markets.
Dec 14, 2014, 19:05 PM IST
Market fundamentals don't justify oil price freefall: OPEC
The rise in oil supplies on global markets does not justify the sharp drop in crude prices, a top OPEC official said Sunday, arguing speculation might be a contributor.
Dec 14, 2014, 18:30 PM IST
Oil price fall a "golden" chance to shift to clean energy: IEA
World leaders have a "golden opportunity" with plunging oil prices to put a price on carbon emissions since cheaper fuel makes the move less risky politically, the International Energy Agency (IEA) said on Tuesday.
Dec 10, 2014, 10:04 AM IST
Oil price slide tests unconventional oil producers - IEA
Falling crude prices are an unprecedented test for producers of unconventional oil and a golden opportunity for governments to phase out costly subsidies, the head of the International Energy Agency (IEA) said on Monday.
Dec 01, 2014, 21:09 PM IST
Oil hits five-year lows in longest losing streak since 2008 crisis
Both US crude and Brent have fallen for five straight months, oil`s longest losing streak since the 2008 financial crisis.
Dec 01, 2014, 08:09 AM IST
