Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery
06 Aug 2020 9:01 AM
The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd to global supply
30 Jul 2020 8:56 AM
The US dollar dropped to its lowest in nearly two years against a basket of six other major currencies on back of a surge in US virus cases
28 Jul 2020 9:02 AM
Oil demand has improved somewhat from the deep trough of the second quarter, supporting prices, although the recovery path is uneven
27 Jul 2020 2:21 PM
Prices have been marking time since hitting a four-month high earlier in the week on hopeful news about a coronavirus vaccine
23 Jul 2020 9:08 AM
Industry group American Petroleum Institute reported U.S. crude inventories rose last week by 7.5 million barrels
22 Jul 2020 8:44 AM
In the first big energy deal since COVID-19, Chevron said it would buy oil and gas producer Noble Energy Inc for about $5 billion in stock
21 Jul 2020 9:03 AM
OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the coronavirus pandemic
16 Jul 2020 8:53 AM
The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend next level of cuts
14 Jul 2020 11:34 AM
Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three months since May
13 Jul 2020 9:02 AM
The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week
07 Jul 2020 9:04 AM
OPEC and allies including Russia have pledged to slash production by a record 9.7 million barrels per day (bpd) for a third month in July
06 Jul 2020 9:15 AM
The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal basis in nine years
02 Jul 2020 10:30 AM
Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country
29 Jun 2020 11:19 AM
Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to record low last week
29 Jun 2020 8:50 AM
Before the country entered the lockdown, average price of petrol and diesel in Delhi was Rs 69.60/ litre and Rs 62.30/ litre respectively
28 Jun 2020 1:05 PM
Petrol price in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 while diesel rates were increased to Rs 80.19 a litre from Rs 80.02
26 Jun 2020 11:12 AM
In 19 straight days, diesel price has gone up by Rs 10.63 per litre. Petrol price hiked on 18 occasions and now totals to Rs 8.66 a litre
25 Jun 2020 11:06 AM
In the 18-day period, petrol price increased by a cumulative Rs 9.41 per litre in the national capital, and diesel by Rs 9.58 per litre
24 Jun 2020 11:38 AM
Global oil consumption has started to recover as economies emerge from lockdown
24 Jun 2020 10:03 AM