India buys first ever US crude oil, to step up purchases
The purchase comes after Indian Prime Minister Narendra Modi`s visit to the US in June when President Donald Trump said his country looked forward to exporting more energy products to India.
Jul 10, 2017, 12:32 PM ISTOil prices above $50, buoyed by US stock draw
Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks.
Jun 22, 2016, 06:33 AM ISTOil heads towards $27 per barrel as IEA warns market could 'drown in oil'
Prices have crashed about 75 percent since mid-2014, hit by a perfect storm of a supply glut, weak demand, a slowing global economy and a strong dollar.
Jan 20, 2016, 13:11 PM ISTIndia to benefit as US lifts 40-year-old ban on oil export
The United States on Friday lifted a 40-year-old ban on export of oil, thus paving the way for energy deficient countries like India to open up another frontier to import oil from a distant friendly nation.
Dec 19, 2015, 19:24 PM ISTNow, India can import oil from US: Know why
The United States on Saturday lifted a 40-year-old ban on export of oil.
Dec 19, 2015, 15:41 PM ISTBrent and US oil mark fresh 6-1/2-year lows on China and oversupply
US October crude also had dropped 60 cents to $39.85 a barrel, after hitting $39.71 a barrel or the lowest since $39.44 in March of 2009.
Aug 24, 2015, 08:09 AM ISTUS oil price hits six-year low
New York oil prices sank to a six-year low on Monday, falling below $44 per barrel as the market was plagued by plentiful supplies and the strong dollar.
Mar 16, 2015, 19:49 PM ISTExxonMobil cuts capital spending on falling oil prices
US oil giant ExxonMobil said Wednesday it would reduce investment spending by nearly 12 percent this year in response to lower crude-oil prices.
Mar 04, 2015, 21:22 PM ISTUS oil price drops below $50 a barrel
Near 1630 GMT, US benchmark West Texas Intermediate for delivery in February briefly dipped to USD 49.95 a barrel, before rallying somewhat to USD 50.20 a barrel.
Jan 06, 2015, 13:08 PM ISTUS bid for oil supremacy shakes crude market
Propelled by surging shale output, the United States is fighting for supremacy in the global oil market even as a pullback in crude prices threatens to challenge the boom.
Oct 15, 2014, 12:37 PM IST