The recovery in oil prices has also encouraged some US drillers to return to the wells
07 Sep 2020 11:33 AM
Prices have risen in the past two weeks as some countries relaxed coronavirus restrictions and lockdowns
14 May 2020 9:09 AM
Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump
13 May 2020 8:29 AM
Global oil demand has plummeted by about 30% as the coronavirus pandemic curtailed movement across the world
11 May 2020 9:11 AM
Oil markets were battered in April as the virus strangled demand owing to business closures and travel restrictions
08 May 2020 9:35 AM
Oil markets have been in turmoil for weeks as the virus strangles demand due to business closures and travel restrictions
04 May 2020 9:01 AM
Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide
27 Apr 2020 10:12 AM
Oil markets tracked a rise in Asian stock markets and on Wall Street overnight
17 Apr 2020 9:03 AM
Measures taken to bolster the global economy and to reduce oil supply should allow a "gradual" recovery
15 Apr 2020 4:38 PM
United States is reducing output as well and other countries are taking estimated cut in production to about 19.5 million barrels per day
14 Apr 2020 11:27 AM
In the compromise reached they agreed to a cut of 9.7 million barrels per day from May
13 Apr 2020 8:59 AM
Saudi Arabia and Russia were close to finalizing a deal to cut crude output by a record 10 million barrels per day
12 Apr 2020 9:39 AM
The planned output curbs by OPEC+ amount to 8 million barrels per day
10 Apr 2020 9:09 AM
Oil prices have dropped by about two-thirds this year as the COVID-19 pandemic has hammered demand
06 Apr 2020 10:17 AM
While the gas price is way below the cost of production, high tax incidence is resulting in cash losses even on crude oil output
05 Apr 2020 12:49 PM
CPI inflation is likely to rise above 4 per cent by the end of this year.
15 Nov 2017 3:04 AM
Brent crude futures were at $45.31 per barrel up 9 cents or 0.2 per cent from their last close.
23 Jun 2017 10:47 AM
Under dynamic pricing model, OMCs will be able to reduce price risk arising out of fluctuations in crude.
08 Apr 2017 1:20 PM