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Oil prices hit their highest since November last week after Washington said all waivers for sanctions-hit Iranian oil would end this week. (Photo:AP)

Rouhani adamant to keep exporting crude oil despite US sanctions

Iran will continue to export oil despite US pressure aimed at reducing the nation's crude oil shipments to zero.

30 Apr 2019 12:42 PM

Brent crude oil futures were at USD 67.03 per barrel at 0231 GMT, down 13 cents, or 0.2 per cent.

Oil slips on economic slowdown, but OPEC-led cuts still support

OPEC’s de-facto leader Saudi Arabia said on Sunday that balancing oil markets was far from done as inventories were still high.

18 Mar 2019 10:25 AM

Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated allies such as Russia - known as the OPEC+ alliance - pledged to withhold 1.2 million barrels per day (bpd) in crude supply from the start of the year to tighten markets and prop up prices. (Photo: File | PTI)

Oil prices firm as supply deficit emerges amid disruptions

OPEC+ will meet in Baku, Azerbaijan, over the weekend to review its output policy, although most expect the cuts to continue for now.

15 Mar 2019 10:49 AM

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,095.06 crore on Friday, as per provisional data. (Photo: File)

Rupee appreciates 15 paise against US dollar

On a weekly basis the Rupee logged 78 paise gains.

11 Mar 2019 10:26 AM

Brent crude futures were at USD 66.36 per barrel, up 37 cents, or 0.6 per cent.

Oil edges up on OPEC cuts, US sanctions against Venezuela and Iran

US crude oil production remained at a record 12.1 million bpd, an increase of more than 2 million bpd since early 2018.

07 Mar 2019 10:54 AM

US crude inventories rose by 7.3 million barrels in the week ending March 1 to 451.5 million.

Oil falls on rising US production, stockpile build

International Brent futures were down 55 cents, or 0.8 percent, at USD 65.31 a barrel.

06 Mar 2019 10:31 AM

US energy firms this week cut the number of oil rigs operating for the first time in three weeks week after US crude production hit an all-time high.

Oil prices firm on hopes for US, China trade deal

WTI crude futures were at USD 57.38 per barrel, up 11 cents, or 0.2 per cent, from their last settlement.

25 Feb 2019 10:20 AM

Traders said the slight downward correction was driven by concerns about the health of the global economy this year.

Brent oil eases from 2019 highs as markets await trade talks outcome

Brent crude oil futures were at USD 66.08 per barrel at 0220 GMT, down 42 cents, or 0.6 per cent from their last close.

19 Feb 2019 1:34 PM

Brent earlier climbed to USD 66.78 a barrel, the highest since November 2018.

Brent crude oil slips away from 2019 high after China reports car sales drop

At least partly offsetting the supply cuts has been a surge in US crude oil production by more than 2 million bpd in 2018.

18 Feb 2019 10:21 AM

International Brent crude oil futures were down by 26 cents, or 0.4 percent, at USD 62.43 per barrel.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

07 Feb 2019 10:28 AM

OPEC oil supply fell by 460,000 barrels per day (bpd) between November and December, to 32.68 million bpd.

Oil dips on manufacturing downturn, but OPEC cuts offer support

International Brent crude futures were down 21 cents, or 0.4 percent, at 0258 GMT at $55.74 a barrel.

04 Jan 2019 10:38 AM

US crude CLc1 was down 60 cents, or 0.9 per cent, at $66.73. (Representational Image/AFP)

Oil prices drop as oversupply looms amid global market woes

The global benchmark is on course for a weekly loss of over 4 per cent.

26 Oct 2018 12:41 PM

Brent crude was up 26 cents, 0.3 per cent, at $84.17 a barrel by 0244 GMT.

Oil prices rise on signs that Iranian crude exports fall further

US West Texas Intermediate (WTI) crude futures were down by 24 cents, or 0.3 per cent, at $74.53 a barrel.

09 Oct 2018 10:43 AM

Iran produced around 3.65 million barrels per day of crude in July.

Oil prices slip on concerns over slowing economic growth

Brent crude futures, which act as a benchmark for international oil prices, were at $71.60 per barrel.

20 Aug 2018 11:24 AM

US crude was down 21 cents, or 0.3 per cent, at $67.68 a barrel. The contract fell 37 cents the previous day.

Oil prices drop on worries about oversupply

Brent crude oil was down 19 cents, or 0.3 per cent, at $72.87 a barrel, after settling down 1 cent.

24 Jul 2018 10:15 AM

Brent crude futures were at $77.70 per barrel at 0250 GMT, down 54 cents, or 0.7 per cent, from their last close.

Oil prices fall as Trump demands OPEC ‘reduce pricing now’

OPEC together with a group of non-OPEC producers led by Russia started to withhold output in 2017 to prop up prices.

05 Jul 2018 9:45 AM

The US government plans to shut Iran’s oil exports out of the market from November, demanding that all countries stop buying its oil.

Oil prices climb on tightening US market

US crude inventories fell by 4.5 million barrels in the week to June 29 to 416.9 million barrels.

04 Jul 2018 8:51 AM

Crude oil dips on output hike but supply to remain tight

Prices initially jumped after the deal to increase output was announced late last week.

26 Jun 2018 1:35 AM

The BSE Sensex turned negative after opening 76 points higher in early session on Monday amid weak global cues on rising concerns of a global trade war. (Photo: AP)

Sensex, Nifty turn choppy on weak global cues

The 30-share index was trading lower by 84.09 points, or 0.24 per cent, at 35,538.05.

18 Jun 2018 10:27 AM

Shares of aviation and oil market companies surged up to 20 per cent on Monday following drop in global crude oil prices.

Aviation, OMC stocks surge as crude oil weakens

The BSE benchmark Sensex surged 240.61 points to end at 35,165.48.

28 May 2018 7:51 PM

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Shobhaa De