Global crude oil price of Indian basket falls to $72.51/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 72.51 per barrel on Thursday, compared to USD 76 per barrel on the previous publishing day.
Nov 29, 2014, 08:23 AM IST
Oil hits new four-year low post OPEC as glut looms
The sell-off continued on Friday with Brent reaching a low of $71.12, its weakest since July 2010. By 0945 GMT, Brent had recovered a little to trade around $71.90, down 68 cents.
Nov 28, 2014, 16:13 PM IST
OPEC move to keep oil output target sparks price slump
OPEC on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a five-dollar collapse in crude prices.
Nov 28, 2014, 00:01 AM IST
OPEC holds oil output level, triggering price collapse
OPEC on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a fresh collapse in crude prices.
Nov 27, 2014, 22:21 PM IST
Gulf states seek to block OPEC oil output cut
Gulf oil producers led by Saudi Arabia looked set on Thursday to block any cut in OPEC output, ignoring calls from poorer members of the exporters` group for action to halt a slide in crude prices.
Nov 27, 2014, 20:10 PM IST
Saudi, UAE signal no push for OPEC oil cut
OPEC leader Saudi Arabia and fellow member the United Arab Emirates signalled on Wednesday they were unlikely to push for a major change in oil output at the group`s meeting this week to prop up prices that have collapsed by a third since June.
Nov 26, 2014, 21:17 PM IST
Russia loses $140 bn from sanctions, oil price
Energy minister Alexander Novak said on Friday that Russia was considering cutting its oil production in a bid to shore up prices.
Nov 24, 2014, 22:56 PM IST
'Russia considers cutting oil production to support price'
"There is no final decision," Novak said. "We are discussing the question. We are working inside the government on the expediency of such methods."
Nov 22, 2014, 00:16 AM IST
Oil nears $80 on possible OPEC cut, strong US data
Brent was up 30 cents at $79.63 a barrel by 0850 GMT after jumping $1.23 in the previous session. The benchmark could snap an eight-week slide if the gains are sustained on Friday.
Nov 21, 2014, 16:46 PM IST
Oil nears $80 on possible OPEC cut, strong US data
Brent was up 30 cents at $79.63 a barrel by 0850 GMT after jumping $1.23 in the previous session. The benchmark could snap an eight-week slide if the gains are sustained on Friday.
Nov 21, 2014, 16:46 PM IST
Oil prices rise on fresh hopes of OPEC output trim
US benchmark West Texas Intermediate for January delivery climbed 48 cents to USD 76.33 on the contract's first day of trading.
Nov 21, 2014, 10:41 AM IST
Oil prices rise in Asian trade
Analysts say the stance of Gulf nations within the OPEC will be crucial for a positive decision on reducing supplies to boost prices, which have fallen around 30 percent since June.
Nov 20, 2014, 11:16 AM IST
Global crude oil price of Indian basket rises to $76.32/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, rose to USD 76.32 per barrel on Tuesday, compared to 75.52 per barrel on the previous publishing day.
Nov 19, 2014, 15:11 PM IST
Oil prices down in Asian trade
Singapore`s United Overseas Bank (UOB) said expectations are for the recent price plunge to "force OPEC to cut production".
Nov 17, 2014, 08:45 AM IST
Brent oil hits four-year low below $80, awaits OPEC
Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world`s biggest energy consumer and Saudi Arabia remained silent about a possible cut in production.
Nov 13, 2014, 19:04 PM IST
Brent oil slips towards $81/barrel, near four-year low
Brent crude slipped near $81 a barrel on Wednesday, hovering just above a four-year low as the growing oil glut created by the US shale boom continued to outweigh concerns about supplies from Libya.
Nov 12, 2014, 18:01 PM IST
Global crude oil price of Indian basket falls below $80 per barrel
The international crude oil price of Indian Basket as computed today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell to USD 79.11 per barrel on Tuesday.
Nov 12, 2014, 13:35 PM IST
Oil prices climb after rough week of steep losses
Oil prices climbed Friday as the market took a breather after a turbulent week that saw sharp sell-offs and a mixed US jobs report.
Nov 08, 2014, 03:52 AM IST
Saudi reliance on oil `dangerous`, says billionaire prince
The fall of crude oil prices below $80 a barrel proves Saudi Arabia`s reliance on petroleum revenue is "dangerous", billionaire Prince Alwaleed bin Talal said on Tuesday.
Nov 04, 2014, 23:49 PM IST
Petrol, diesel prices likely to be cut by Rs 2.50/ltr from Friday midnight
Prices of petrol and diesel are likely to be cut by upto Rs 2.50 per litre from Friday midnight due to fall in international brent crude oil prices.
Oct 30, 2014, 10:30 AM IST
