Oil slips $1 on concerns U.S. production is rising
Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
Jan 09, 2017, 16:36 PM IST
Oil hits 18-month high as markets eye output cuts
Benchmark Brent crude jumped more than 2 percent to a high of $58.37, up $1.55 a barrel and its highest since July 2015.
Jan 03, 2017, 15:35 PM IST
Sensex falls for 4th straight day, closes at 2-week low
The 50-issue NSE Nifty tumbled 35.10 points, or 0.43 percent, to close 8,104.35 after cracking the key 8,100-mark and touching a low of 8,094.85.
Dec 19, 2016, 19:01 PM IST
Coal imports likely to decline in December on notes ban, firm prices
Coal imports are likley to decline this month as well due to note ban and soaring oil prices in international market. The imports have already dropped by 16 per cent to 14 million tonnes (MT) in November.
Dec 18, 2016, 11:43 AM IST
FPI bearish stand continues; foreign investors pull out over Rs 19,500 crore
Over Rs 19,500 crore have been pulled out from capital market this month so far by the foreign investors amid policy rate hike by the US Federal Reserve and increases oil prices.
Dec 18, 2016, 11:16 AM IST
Oil hits highest since mid-2015 as OPEC and rivals agree historic deal
Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.
Dec 12, 2016, 16:44 PM IST
'Petrol, diesel prices likely to rise in the nex 3-4 months'
With the Organisation of Petroleum Exporting Countries (Opec) cutring production of crude oil by 1.2 million barrels per day (mpbd) for the first time since 2008, fuel prices in India are likely to rise in the next 3-4 months.
Dec 06, 2016, 19:51 PM IST
OPEC production cut: Higher oil prices a risk to India's growth trajectory, says Pradhan
With oil cartel OPEC cutting production for the first time since 2008 leading to a surge in oil prices, India on Monday said higher rates will risk the country's growth trajectory and pitched for striking a balance between interests of producers and consumers.
Dec 05, 2016, 14:25 PM IST
OPEC agrees to reduce oil production, first since 2008
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Nov 30, 2016, 23:42 PM IST
Oil prices jump 8% as OPEC agrees first production cut since 2008
Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world`s largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices.
Nov 30, 2016, 19:03 PM IST
Oil prices decline on strong US dollar
Oil prices declined as strong US dollar offset market`s optimism over an oil output freeze deal.
Nov 18, 2016, 06:32 AM IST
US Dollar hits 14-year high; oil dips in choppy trade
The US dollar index dipped after hitting a near 14-year high on Wednesday while oil prices swung in a volatile session as traders were caught between a build in US stockpiles and the chance of an output cut.
Nov 17, 2016, 08:35 AM IST
Oil prices decline on US inventory surge
Oil prices declined on Wednesday in volatile trading as the US reported a 7.7-per cent increase of crude oil inventories.
Nov 17, 2016, 02:52 AM IST
Dow ends at record high; stocks lifted by tech, energy
US stocks ended higher on Tuesday, with the Dow hitting a record high close for the fourth session in a row as tech stocks rebounded from a post-election drubbing and energy stocks were boosted by a sharp rise in oil prices.
Nov 16, 2016, 03:08 AM IST
Oil prices extend losses
Oil prices extended last week`s declines on Monday, dragged down by worries about oversupply as Organization of Petroleum Exporting Countries (OPEC) saw record crude production last month.
Nov 15, 2016, 06:54 AM IST
IMF stresses upon spending cuts in Gulf despite oil recovery
A modest recovery in oil prices falls short of filling budgetary gaps in crude-exporting Gulf countries, the International Monetary Fund said, stressing the need to cut spending.
Oct 19, 2016, 13:08 PM IST
Crude oil down on OPEC doubts as it floats 6-month output cap plan
Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut.
Oct 12, 2016, 02:54 AM IST
BP chief Bob Dudley sees oil at $55-70 a barrel in coming years
Oil should hover at around $55-70 a barrel for the rest of the decade as the energy industry undergoes "profound changes" after crude prices came under heavy pressure in recent years, BP chief executive Bob Dudley said on Tuesday.
Oct 11, 2016, 23:07 PM IST
Petrol, diesel prices likely to be hiked on Saturday
While the international oil prices fell back from $50 a barrel on Monday, the Indian basket has reportedly breached the psychologial level of $50.14 per barrel which could lead to oil companies in India hiking prices of petrol and diesel.
Oct 10, 2016, 18:49 PM IST
Oil falls back from $50, but Indian basket regains this level
Oil fell back from $50 a barrel in early trade on Monday after Saudi Arabia hinted that the output freeze agreed upon by the OPEC cartel countries last month would be effected quite gradually.
Oct 10, 2016, 18:16 PM IST
