oil production

Oil prices down in Asia as Greece and China weigh

US benchmark West Texas Intermediate for August delivery dropped 14 cents to $52.19 a barrel and Brent tumbled 13 cents to $56.72, both reversing an earlier uptick.

Jul 08, 2015, 08:42 AM IST

Oil rebounds in Asia

US benchmark West Texas Intermediate for August delivery advanced 47 cents to $53.00 in late-morning Asian trade after plummeting nearly 8.0 percent, or $4.43, in US closing deals Monday.

Jul 07, 2015, 09:17 AM IST

Oil holds below three-week lows as Greek enters 2nd day of bank shutdown

Oil futures hovered below three-week lows on Tuesday as investors waited for developments in Greece following a bank shutdown, keeping them away from riskier assets and putting Brent crude on course for a second month of declines.

Jun 30, 2015, 13:48 PM IST

Oil prices mixed with focus on Greece

US benchmark West Texas Intermediate for August delivery fell eight cents to USD 59.62 while Brent crude for August gained 20 cents to USD 63.40 in mid-morning trade.

Jun 26, 2015, 09:26 AM IST

Oil prices mixed in Asian trade

US benchmark West Texas Intermediate for August delivery fell three cents to $60.24 while Brent gained 14 cents to $63.63 in mid-morning trade.

Jun 25, 2015, 09:36 AM IST

Oil rises towards $65 on signs glut easing, Iran doubts

Brent crude rose 30 cents to $64.75 a barrel by 0836 GMT. U.S. crude gained 39 cents to $61.40. Both contracts made gains on Tuesday.

Jun 24, 2015, 15:43 PM IST

Oil prices climb on stronger demand, uncertainty over Iran deal

Oil prices rose in Asian trade on Wednesday on hopes for stronger than expected US crude demand, while doubts over reaching an agreement next week over Iran`s nuclear programme eased oversupply concerns.

Jun 24, 2015, 08:26 AM IST

Oil prices down in Asia

US benchmark West Texas Intermediate for August delivery was down 17 cents at $60.21 a barrel in late-morning Asian trade, and Brent crude for August dropped 14 cents to $63.20.

Jun 23, 2015, 08:43 AM IST

Oil prices down with eyes on Greece, Iran talks

US benchmark West Texas Intermediate for July delivery fell 10 cents to $59.51 while Brent crude for August eased 13 cents to $62.89 in late-morning trade. 

Jun 22, 2015, 09:03 AM IST

Oil eases below $64, ample supplies and Greece weigh

Oil eased below $64 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand.

Jun 19, 2015, 23:43 PM IST

Oil prices ease on US dollar, higher shale output forecast

US crude futures for July shed 7 cents to $60.38 a barrel as of 0009 GMT after closing up 53 cents in the previous session.

Jun 19, 2015, 08:38 AM IST

Oil prices dip on US gasoline stock build

US July crude edged down 16 cents at $59.76 a barrel as of 0140 GMT after falling 5 cents in the previous session.

Jun 18, 2015, 09:18 AM IST

Oil prices up in Asian trade

US benchmark West Texas Intermediate for July delivery gained 10 cents to $60.07 while Brent crude for August added five cents to $63.75 in late-morning trade.

Jun 17, 2015, 09:33 AM IST

Oil prices recover amid Greece, supply worries

US benchmark West Texas Intermediate for July was up 60 cents at $60.12 while the Brent contract for August, a new contract, was up 32 cents at $64.27 in late morning trade.

Jun 16, 2015, 09:18 AM IST

Oil jumps after US stockpile draw; gasoline at seven-month high

Oil rallied for a second straight day on Wednesday, with U.S. crude nearing a one-month high and gasoline hitting its highest price since November, as a big U.S. stocks drawdown boosted the outlook for summer fuel demand.

Jun 11, 2015, 08:56 AM IST

Oil prices up on hopes for big fall in US stocks

Oil prices extended gains today on expectations of a huge decline in US crude reserves, signalling that demand is improving in the world's top economy and a global supply glut could soon end, analysts said.

Jun 10, 2015, 09:39 AM IST

Oil down after OPEC meeting, eyes on Iran talks

Oil prices fell in Asia Monday after OPEC decided to maintain its high output levels, while traders were also weighing the possible return of Iranian supplies that have been curtailed by international sanctions against Tehran, analysts said.

Jun 08, 2015, 09:09 AM IST

Oil prices retreat in Asia

US benchmark West Texas Intermediate (WTI) for July fell 52 cents $59.78 a barrel, while Brent shed 51 cents to $65.05.

Jun 01, 2015, 08:54 AM IST

Sour is the new sweet: OPEC's view of oil quality dilemma

The US shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC.

May 28, 2015, 12:10 PM IST

Oil prices edge up after two days of steep falls

Crude oil prices recovered on Thursday after a two-day slide, although high U.S. stocks and strong global production, along with a firm dollar, were keeping markets under pressure.

May 28, 2015, 08:21 AM IST