OPEC cuts 2016 oil demand growth forecast, warns of more
OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.
Apr 13, 2016, 21:09 PM ISTLower remittances will dampen benefits of cheaper oil imports: Moody's
Lower remittances from Gulf nations, which have been hit hard by the slump in oil prices, will cut the benefits of cheaper oil imports for several Asia Pacific countries including India, Moody's Investors Service said.
Apr 13, 2016, 11:55 AM ISTIMF keeps gloomy Saudi Arabia growth outlook
The International Monetary Fund on Tuesday maintained its gloomy economic forecasts for Saudi Arabia due to low oil prices and lowered its expectations for the Middle East and North Africa overall.
Apr 12, 2016, 20:35 PM ISTOil hits 2016 high above $43 on producer meeting hopes
Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China.
Apr 12, 2016, 17:18 PM ISTOil prices rise on optimism over supply, Doha meeting
Oil prices rose on Friday, lifted by hopes that a punishing global excess of crude oil could be nearing a tipping point and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand.
Apr 08, 2016, 20:17 PM ISTExceedingly high oil prices can create problem: Jaitley
Even if oil prices move a little higher, they will not be negative for India but "exceedingly high" rates create problems for the country, Finance Minister Arun Jaitley said on Thurday.
Apr 07, 2016, 18:51 PM ISTOil prices jump on expectation that producers will agree output freeze
International Brent futures rose 1.5 percent at $38.44 a barrel.
Oil prices fall on dimming prospect of output restraint
Oil prices fell in early trading on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade, while U.S. output remains stubbornly high.
Apr 04, 2016, 09:21 AM ISTHit by cheap oil, Saudis restrict job opportunities for foreign workers
In early March, the Ministry of Labour announced that within six months foreigners would be banned from selling and maintaining mobile phones and accessories for them, in an effort to keep open more jobs for Saudi citizens.
Mar 23, 2016, 17:39 PM ISTOil above $41 as OPEC predicts `moderate` rebound
Oil prices dipped slightly in Asia Tuesday but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April.
Mar 22, 2016, 10:34 AM ISTOil prices fall on higher US rig numbers
Oil prices dipped slightly during the early hours of Asian trading today as fresh oversupply concerns spurred by an increase in operational US rigs bridled a recent rally.
Mar 21, 2016, 10:28 AM ISTUS stocks jump amid rising oil
US stocks extended a recent rally as the Federal Reserve decision and rising oil prices continued to drive the stock market.
Mar 19, 2016, 07:15 AM ISTOil slips from 2016 high as investors book profits
Oil fell slightly on Friday as investors booked profits at the end of a fourth consecutive week of gains, but prices remained close to 2016 highs on expectations of a production freeze by major exporters.
Mar 18, 2016, 17:02 PM ISTUS stocks extend gains after Fed statement
US stocks ticked up as investors assessed the US Federal Reserve's policy announcement as well as oil recovery.
Mar 18, 2016, 07:46 AM ISTOil rises as producers announce meeting on output freeze
Oil prices firmed on Wednesday on an announcement that producers will meet next month in Qatar to discuss a proposal to freeze output and on growing signs of a decline in US crude production
Mar 16, 2016, 17:31 PM ISTOil prices drop amid ample supply
Oil prices dropped as market expected that global supply exceeded the demand.
Mar 16, 2016, 07:48 AM ISTIEA says worst may be over for oil price
The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks.
Mar 11, 2016, 23:44 PM ISTOil prices may drop to $25/barrel: Moody's
Global oil and gas prices are likely to remain at current lows for several years, with oil dropping to USD 25 per barrel if Iranian production more than offsets supply cuts elsewhere, Moody's Investors Service said Tuesday.
Mar 08, 2016, 19:46 PM IST
Global headwinds no sign of a recession, says Moody's
The prolonged decline in oil prices and weaker expansion in Chinese economy have dimmed growth prospects of several economies, but it does not signal a threat of global recession, Moody's Investors Service said on Tuesday.
Mar 08, 2016, 10:38 AM ISTVijay Mallya has only one regret: Kingfisher Airlines not flying
With banks going after him to recover unpaid loans given to long-grounded Kingfisher Airlines, beleaguered businessman Vijay Mallya remains defiant.
Mar 03, 2016, 17:05 PM IST