Oil | The Asian Age

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The main oil market price drivers of recent months have been output levels by top producers Russia.

Oil rises ahead of renewed US sanctions against Iran

Spot Brent crude oil futures were at $73.88 per barrel at 0241 GMT on Tuesday, up 13 cents, or 0.2 per cent.

07 Aug 2018 10:40 AM

Representational Image. (Photo: Pixabay)

Cooking oil may prevent bacteria on food processing equipment

Many foods produced on an industrial scale in enormous stainless steel machines that can be difficult to clean

01 Aug 2018 11:44 AM

OPEC producers to raise oil output, although it has not requested a specific figure.

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

US West Texas Intermediate (WTI) crude futures were down 17 cents, or 0.24 per cent, at $71.67 a barrel.

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

Brent broke through $80 for the first time since November 2014 last week.

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

Asia-Pacific consumes more than 35 per cent of the 100 million barrels of oil the world uses each day.

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

Markets have generally tightened as the OPEC, led by Saudi Arabia, have been withholding supplies since 2017 in order to push up oil prices.

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

Around a million barrels of oil a day is likely to disappear from global oil markets if the US sanctions on Iran bite.

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

Brent crude futures LCOc1 rose 1.9 per cent to $76.26 per barrel, within a whisker of its 3 1/2-year high of $76.34 set on Monday.

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

Brent crude futures LCOc1 were down 53 cents, or 0.7 per cent, at $75.64, having jumped 1.7 per cent to settle at $76.17 a barrel in the previous session.

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

US West Texas Intermediate (WTI) crude futures were down 28 cents, or 0.4 per cent, at $67.65 per barrel.

Oil prices fall on rising US crude inventories, record production

Brent crude oil futures LCOc1 were at $73.04 per barrel, down 32 cents, or 0.4 per cent, from their last close.

03 May 2018 8:48 AM

US West Texas Intermediate crude for June delivery was up 24 cents, or 0.4 per cent, at $68.81 a barrel.

Oil extends gains, buoyed by Iran sanction worries

US crude production jumped 260,000 barrels per day (bpd) to a record high of 10.26 million bpd in February.

01 May 2018 10:41 AM

US West Texas Intermediate crude futures were at $67.89 a barrel, down 21 cents, or about 0.3 per cent, from their last settlement.

Oil slips after US rig count rises; Iran concerns cap downside

Brent crude futures, the international benchmark, dipped 39 cents, or 0.5 per cent, to $74.25 a barrel.

30 Apr 2018 11:11 AM

US West Texas Intermediate crude fell 12 cents, or 0.2 per cent, to $68.07 a barrel.

Oil dips, but concerns persist about Iran supplies

Global benchmark Brent crude futures were down 13 cents, or 0.2 per cent, at $74.61 a barrel.

27 Apr 2018 8:42 AM

The changed terms have fixed a floor for government’s share of profit petroleum in running contracts.

Govt tweaks production sharing contracts mid-way, oil and gas reform hit

Companies put investments worth billions of dollars on hold.

16 Apr 2018 8:40 AM

Oil markets were also supported by easing concerns over a prolonged trade spat between the United States and China.

Oil prices near 2014 highs over warnings of western air strikes against Syria

Brent crude futures LCOc1 rose to $71.09 per barrel at 0104 GMT, up 7 cents from their last close.

11 Apr 2018 8:14 AM

Brent crude futures LCOc1 were at $68.52 per barrel, down 13 cents, or 0.2 per cent.

Oil prices seesaw as US trade dispute with China rattles market

US WTI crude futures CLc1 were at $63.26 a barrel at 0031 GMT, down 16 cents, or 0.3 per cent.

10 Apr 2018 8:39 AM

OPEC and some non-OPEC producers including Russia are committed to cutting output by around 1.8 million barrels per day through end of 2018..

Oil drops after US President Trump threatens new China trade tariffs

Brent crude LCOc1 for June delivery was down 32 cents, or 0.5 per cent, at $68.01 per barrel.

06 Apr 2018 10:32 AM

Coal production increased by 1.4 per cent in February, 2018 over February, 2017. (Representational Image)

Core sectors register 5.3 per cent IIP growth in February 2018

Steel production increased by five per cent in February, 2018 over February last year.

03 Apr 2018 8:56 AM

The Euro-VI grade fuel supplies in the national capital have been advanced from the April 1, 2020.

Oil PSUs to supply Euro-VI fuel in Delhi from April 1

IOC, BPCL and Hindustan Petroleum will supply the less polluting fuel at all their outlets.

31 Mar 2018 12:08 PM

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Mohan Guruswamy