oil production

Oil recovers from drop of over 2%, US crude stocks in focus

Crude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that U.S. crude stocks could fall for a fourth straight week.

May 27, 2015, 08:30 AM IST

Oil prices mixed in Asian trade

US benchmark West Texas Intermediate for July delivery gained 12 cents to $59.84 while Brent crude for July fell one cent to $65.51 in late-morning trade. 

May 26, 2015, 09:33 AM IST

Oil prices up in Asian trade

US benchmark West Texas Intermediate for July delivery climbed 14 cents to USD 59.86 a barrel and Brent crude for July added eight cents to USD 65.45 in late-morning trade.

May 25, 2015, 09:56 AM IST

State-run oil firms keen to snap up overseas assets: Minister

State-run oil firms looking at buying oil and gas assets aboard.

May 15, 2015, 21:12 PM IST

Oil prices down in Asian trade

US benchmark West Texas Intermediate for June delivery fell eight cents to USD 59.17 while Brent crude for June eased 16 cents to USD 64.75 in late-morning trade.

May 12, 2015, 09:12 AM IST

OIL appoints Roy as Director for HR and Business Development

Biswajit Roy has taken over as the Director (Human Resources and Business Development) of Oil India Ltd (OIL), the nation's second-largest exploration and production company.

May 08, 2015, 18:03 PM IST

Oil prices at 2015 highs

US benchmark West Texas Intermediate for June delivery gained 87 cents to $61.27, while Brent crude for June rose 63 cents to $68.15 in afternoon trade.

May 06, 2015, 08:15 AM IST

Oil prices down in Asian trade

US benchmark West Texas Intermediate fell seven cents to $58.86 while Brent crude eased ten cents to $66.35 in mid-morning trade. 

May 05, 2015, 08:54 AM IST

Oil prices down in Asian trade

US benchmark West Texas Intermediate fell 27 cents to $58.88 while Brent eased 13 cents to $66.33 in mid-morning trade.

May 04, 2015, 08:59 AM IST

Oil prices slip away from five-month highs as Japan's industry stutters

Japanese industrial output fell 0.3 percent in March adding to mounting evidence of an export-driven economy struggling to regain momentum amid slowing global growth.

Apr 30, 2015, 08:38 AM IST

Oil prices down in Asian trade

US benchmark West Texas Intermediate fell 18 cents to $56.88 while Brent crude slipped 16 cents to $64.48 in mid-morning trade. 

Apr 29, 2015, 09:15 AM IST

Oil prices mixed in Asian trade

US benchmark West Texas Intermediate for June delivery fell one cent to $57.14 while Brent crude gained one cent to $65.29 in late-morning trade.

Apr 27, 2015, 08:56 AM IST

Oil prices rise in Asian trade

US benchmark West Texas Intermediate for May delivery gained 78 cents to $56.52 while Brent crude for June gained 77 cents to $64.22 in late-morning trade. 

Apr 20, 2015, 09:14 AM IST

Oil slips below $64 as ample supplies weigh

Brent crude was still within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by conflict in Yemen and the prospect that lower prices are starting to curb U.S. shale output.

Apr 17, 2015, 15:39 PM IST

Oil prices close to 2015 highs but market remains oversupplied

Brent crude oil prices opened at their highest level since February and close to 2015 highs in early Asian trading on Thursday after a near 6 percent rally the previous session, but analysts warned that the market remains oversupplied.

Apr 16, 2015, 09:31 AM IST

Oil surges after lower than expected US inventory rise

Oil prices rallied and U.S. crude jumped nearly 6 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week.

Apr 16, 2015, 01:38 AM IST

Oil extends rise in Asian trade

US benchmark West Texas Intermediate for May delivery gained 26 cents to $53.55 and Brent crude for May rose 43 cents to $58.86 in late-morning trade.

Apr 15, 2015, 09:06 AM IST

Oil edges up as financial traders bet on higher prices

Front-month Brent crude futures were trading up 13 cents a $58 a barrel by 0649 GMT, while US crude had also risen 13 cents to $51.77.

Apr 13, 2015, 13:29 PM IST

Oil prices edge up in Asian trade

US benchmark West Texas Intermediate added 31 cents to $51.95 while Brent was up 24 cents at $58.11 in late-morning trade. 

Apr 13, 2015, 09:33 AM IST

Oil prices rebound from slump

US benchmark West Texas Intermediate (WTI) for delivery in May advanced $1.33 from Wednesday`s close to $51.75 a barrel.

Apr 09, 2015, 16:43 PM IST