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Oil edges lower as supply concerns return

Oil prices tanked earlier this week when US govt reported that US inventories rose 3.8 mn barrels in prior week.

03 Aug 2018 9:10 AM

Oil extends decline after biggest monthly slump in two years

Brent fell more than 6 per cent in July, while US crude futures slumped about 7 per cent.

01 Aug 2018 9:33 AM

Oil climbs after Saudi Arabia suspends shipments through Red Sea lane

Brent crude futures had risen 47 cents, or 0.6 per cent, to $74.40 a barrel, after gaining 0.7 per cent.

26 Jul 2018 10:05 AM

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

Trade war risk, rising oil costs seen keeping rupee near record low: report

Rupee hit an all-time low of 69.09 per dollar last week and is the worst-performing currency in Asia this year.

07 Jul 2018 10:14 AM

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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

May inflation likely to hit four-month high on oil price surge: report

Consumer price inflation is likely to have accelerated in May, due in large part to a rise in fuel inflation.

11 Jun 2018 11:24 AM

GST won’t stop oil price fluctuations: Economic advisor

GST will not prevent price fluctuations as India is a massive importer of crude.

11 Jun 2018 9:11 AM

US oil prices inch up on fall in local crude stockpiles

US West Texas Intermediate crude CLc1 was up 10 cents, or 0.2 per cent, at $65.62 a barrel.

06 Jun 2018 8:43 AM

Oil, MSP may derail fiscal deficit plans

Niti Aayog estimates, the cost of 1.5 times MSP for 24 crops could be around Rs 1.15 lakh crore.

05 Jun 2018 9:00 AM

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Oil climbs, but record US crude output, higher OPEC supplies drag

US crude stocks were forecast to fall about 2.5 million barrels on average in the week ended June 1.

05 Jun 2018 8:46 AM

Arab oil ministers stress need for continued OPEC, non-OPEC cooperation

Russia and several other producers agreed to cut output by about 1.8 million barrels per day.

04 Jun 2018 8:59 AM

OPEC, non-OPEC discuss around 1 mn bpd oil output rise: sources

OPEC and non-OPEC ministers meet next in Vienna on June 22-23, and the final decision will be taken there.

25 May 2018 1:49 PM

Oil prices drop on potential increase in OPEC output

International benchmark Brent futures were down 27 cents, or 0.34 per cent, at $79.53 per barrel.

24 May 2018 9:26 AM

Oil prices boosted by news China, US put trade war 'on hold'

WTI crude futures were at $71.83 a barrel, up 55 cents, or 0.8 per cent, from their last settlement.

21 May 2018 9:43 AM

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Asia oil thirst tab USD 1 trillion a year as crude rises to USD 80

Oil prices have gained 20 per cent since January to just shy of $80 per barrel, a level not seen since 2014.

17 May 2018 11:48 AM

Oil near Nov 2014 highs firm as markets tighten amid OPEC cuts

Brent crude futures LCOc1, the international benchmark for oil prices, were at $78.37 per barrel.

15 May 2018 8:18 AM

Oil ebbs from multi-year highs on surge in US drilling

Brent and WTI last week reached their highest since November 2014 at $78 and $71.89 per barrel respectively.

14 May 2018 9:05 AM

Oil shines, shares rattled as Trump dumps Iran nuclear deal

Iran produces about 3.8 million barrels per day (bpd), or about 4.0 per cent of the world’s oil supplies.

09 May 2018 8:33 AM

Oil prices fall as market awaits Trump decision on Iran

WTI crude futures CLc1 fell 63 cents, or 0.9 per cent, to $70.10 a barrel.

08 May 2018 8:17 AM

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