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Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. (AFP Photo)

Oil falls as worsening pandemic threatens recovery

In the US, energy drillers cut the number of oil and natural gas rigs operating to a record for an 11th week in a row

20 July 2020 8:05 AM IST

Oil prices were unchanged on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries. (AFP Photo)

Oil prices mixed as virus spike casts shadow over demand

The two benchmark contracts fell 1% on Thursday after OPEC+ agreed to trim record supply cuts of 9.7 million barrels per...

17 July 2020 8:49 AM IST

Jet fuel or ATF price on Thursday was hiked by 1.5 per cent, the fourth increase in six weeks. (PTI Photo)

Jet fuel price hiked by 1.5%, petrol and diesel rates unchanged

This is the fourth straight increase in ATF prices in six months

16 July 2020 4:11 PM IST

Representative Image. (AFP)

Oil prices slip after OPEC, allies agree to loosen supply curbs

OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the...

16 July 2020 8:53 AM IST

Oil prices fell more than 2% on Tuesday. (AFP Photo)

Oil prices drop on demand recovery fears, OPEC+ easing expectations

The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend...

14 July 2020 11:34 AM IST

Saudi Aramco will reduce its August-loading shipments of medium and heavy crude grades to at least six Asian buyers. (AFP Photo)

Saudi Aramco cuts August heavier crude supply for Asian refiners

Buyers in India, China, Japan, South Korea and Taiwan were notified by Aramco over the weekend about the supply cuts

14 July 2020 9:16 AM IST

Gold prices edged higher on Monday, holding above the key $1,800-per-ounce level. (PTI Photo)

Gold ticks higher on worries over rising COVID-19 cases

Physical gold sold at a premium in India driven by plunging imports and a near halt in smuggling that offset impact of...

13 July 2020 9:04 AM IST

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week. (AFP Photo)

Oil slips as traders eye supply cut easing at OPEC meeting

Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three...

13 July 2020 9:02 AM IST

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts. (AFP Photo)

Oil prices cautiously rise on output cut support

The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week

7 July 2020 9:04 AM IST

Oil prices offered up a mixed market snapshot on Monday. (AFP Photo

Oil prices mixed as virus spike casts shadow over demand

OPEC and allies including Russia have pledged to slash production by a record 9.7 million barrels per day (bpd) for a...

6 July 2020 9:15 AM IST

Crude prices fell on Friday as the resurgence of the coronavirus globally dimmed the prospects of fuel demand recovery. (AFP Photo)

Oil falls as growing coronavirus cases stoke fuel demand worries

Gasoline demand will be closely watched as US heads into its July 4 holiday weekend as many Americans are expected to...

3 July 2020 9:17 AM IST

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases. (AFP Photo)

Oil prices slip on demand fears as virus cases surge

The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal...

2 July 2020 10:30 AM IST