Daily price change: Petrol, diesel rates up 8% since mid-June
The rise in fuel rates can be attributed to a 14 percent increase in international petrol and diesel prices beside rise in commission paid to petrol pump dealers, the ratings agency said in a report
Sep 26, 2017, 17:14 PM IST
Markets end in red for sixth day as FPIs look the other way
Concerns over stretched valuations of several bluechips as well as midcap stocks too accelerated the selling pace.
Sep 26, 2017, 16:19 PM IST
Oil rises to 26-month high; Turkey threatens to cut Kurdistan oil pipeline
London Brent crude for November delivery was up 1 cent at USD 59.03 a barrel after settling up 3.8 percent on Monday. Earlier it rose to USD 59.49, the highest since July 10, 2015.
Sep 26, 2017, 13:54 PM IST
Oil set for strongest Q3 since 2004, Iraq hints at OPEC extension
Brent crude futures rose 29 cents to $55.43 a barrel by 0800 GMT, while US West Texas Intermediate (WTI) crude futures were up 42 cents at $49.90 a barrel.
Sep 20, 2017, 14:33 PM IST
Oil prices fall amid broader market selloff, despite tightening supplies
Oil traders said the crude falls came amid a selloff across many other markets, including US and Asian stocks, where investors voted with their feet amid growing scepticism US President Donald Trump, embroiled in controversy, would achieve his economic agenda.
Aug 18, 2017, 20:03 PM IST
Oil languishes near multi-month lows on glut fears
Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut a global output.
Jun 21, 2017, 13:01 PM IST
Oil sits near half-year lows as global supply overhang weighs
Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.
Jun 16, 2017, 10:38 AM IST
Oil hits 6-week low as OPEC fails to curb oversupply
Brent crude oil fell 30 cents to USD 46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little to trade around USD 46.90 by 0945 GMT.
Jun 15, 2017, 15:58 PM IST
Daily revision of petrol, diesel rates from today
After the successful pilot in five cities, state-owned oil companies will from June 16 revise rates on a daily basis across all the 58,000 petrol pumps in the country.
Jun 15, 2017, 09:18 AM IST
OPEC to extend output cuts, to set up OPEC-India Working Group
Even as the OPEC and non-OPEC producers agreed to extend until March 2018 their ongoing oil output cuts, India has reached an understanding with the global oil cartel to establish a joint working group to serve as a forum for "producer-consumer dialogue" to address mutual concerns.
May 26, 2017, 16:09 PM IST
World stocks hit record after Fed minutes, oil up as OPEC meets
World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signalled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.
May 25, 2017, 15:27 PM IST
OPEC set to prolong oil output cuts by nine months
OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
May 24, 2017, 11:07 AM IST
Sudan denies licence extension to OVL; seeks higher taxes
Sudan has denied India's ONGC Videsh Ltd an extension of licence to operate an oilfield as it sought higher royalties and taxes to make up for revenue lost due to drop in oil prices.
May 02, 2017, 15:14 PM IST
Oil prices claw back some losses, but oversupply still weighs
US gasoline stocks posted a counter-seasonal build of 1.5 million barrels, because of rising refining activity.
Apr 20, 2017, 11:03 AM IST
OPEC 'optimistic' oil output cuts leading to price recovery
OPEC members agreed in November to cut production by 1.2 million barrels per day for six months beginning from the start of the year.
Apr 19, 2017, 16:18 PM IST
Oil prices firm on strong demand, political uncertainty in Syria
US West Texas Intermediate (WTI) crude futures were up 10 cents at $52.34 a barrel.
Apr 10, 2017, 10:19 AM IST
Inflation to average at 5 % in FY'18: Crisil
CPI inflation is likely to average higher at 5 percent in the current fiscal on expectations of increasing pressure on food prices as well as uptick in global oil and commodity rates, says a Crisil report.
Apr 05, 2017, 18:35 PM IST
Oil hits 3-week highs as OPEC deal extension seen likely
Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply.
Mar 30, 2017, 23:44 PM IST
India comfortable with crude oil prices up to $65/barrel: CEA
Rising global oil prices will not pose a serious risk to the economy if they remain within the range of USD 55-65 a barrel, said chief economic adviser Arvind Subramanian.
Feb 22, 2017, 18:00 PM IST
Oil dips over doubts high OPEC compliance with agreed cuts will last
Oil prices dipped on Wednesday over concerns that OPEC producers would not be able to maintain their high compliance so far with output cuts aimed at reining in a global fuel supply overhang.
Feb 15, 2017, 12:24 PM IST
