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
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
