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Iran produced around 3.65 million barrels per day of crude in July.

Oil prices slip on concerns over slowing economic growth

Brent crude futures, which act as a benchmark for international oil prices, were at $71.60 per barrel.

20 Aug 2018 11:24 AM

The government wants to engage the citizens and commercial enterprises are increasingly reaching out to the consumers for market share.

Indian banks, insurance cos increasingly embracing digitisation: US tech expert

Indian government is giving citizens direct access and connectivity, shifting away from bureaucracy.

17 Aug 2018 2:22 PM

Reliance Industries, which operates the world’s largest refining complex, has declared force majeure on gasoline exports from its Jamnagar site, three sources said on Wednesday. (Photo: PTI)

Reliance declares force majeure on gasoline from Jamnagar plant: sources

At least two gasoline cargoes scheduled for this month’s loading were affected.

15 Aug 2018 12:55 PM

The OPEC report said it expected world oil demand to grow by 1.43 million bpd in 2019, down from 1.64 million bpd in 2018.

Oil prices inch up on Saudi output cut, but slowing economic growth drags

Brent crude oil futures LCOc1 were at $72.81 per barrel at 0515 GMT, up 20 cents, or 0.3 per cent.

14 Aug 2018 12:00 PM

WTI crude futures CLc1 were down 10 cents, or 0.15 per cent, at $66.71 per barrel.

Oil dips as US, China trade dispute expected to stall economic growth

US crude oil exports to China, seen as a tool to reduce America’s trade deficit with Asia’s biggest economy.

10 Aug 2018 9:17 AM

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

Pompeo thanked ministers of the Association of Southeast Asian Nations (ASEAN) at a meeting in Singapore for their efforts in strictly enforcing sanctions on North Korea. (Photo: File)

North Korea's nuclear weapons work inconsistent with pledge: Mike Pompeo

Pompeo told a Senate committee hearing on July 25 that North Korea was continuing to produce fuel for nuclear bombs in spite of its pledge.

03 Aug 2018 6:37 PM

Beijing's suggestions are part of efforts to expand its influence in the South China Sea, which it claims almost entirely. (Representational image/AFP)

China seeks military drills with ASEAN nations in disputed waters

China insists on outside countries being excluded, as per a draft document, in what analysts said was a bid to diminish US influence.

02 Aug 2018 7:13 PM

Strong global economy, rising oil prices to push up airfares in 2019

A strong global economy and rising oil prices are expected to push up the cost of air travel in 2019.

24 Jul 2018 12:33 PM

Sentencing her to jail term of two years and nine months for three charges of corruption and one for dealing with benefits of criminal conduct, District Judge Shaiffudin Saruwan said that there was "flagrant abuse of trust and authority" by Gursharan. (Representational Image)

Indian-origin woman jailed for role in US Navy's largest fraud conspiracy

Gursharan had received more than SGD 130,000 in bribes from Leonard Glenn Francis in exchange for sensitive US Navy information.

06 Jul 2018 7:14 PM

A key driver of the rise in prices has been the OPEC-Russia deal to cut oil output, compounded by collapsing Venezuelan production and the US decision to end the Iran deal. (Representative image)

Oil prices fall after Trump demands OPEC 'reduce pricing now'

The escalating US-China trade row also cast a shadow over markets, as China warned it could introduce

05 Jul 2018 1:39 PM

Brent crude futures were at $77.70 per barrel at 0250 GMT, down 54 cents, or 0.7 per cent, from their last close.

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

The US government plans to shut Iran’s oil exports out of the market from November, demanding that all countries stop buying its oil.

Oil prices climb on tightening US market

US crude inventories fell by 4.5 million barrels in the week to June 29 to 416.9 million barrels.

04 Jul 2018 8:51 AM

The prosecution made its submissions to the court and asked for Kaur to be handed over a jail term of at least three years and seven months. (Photo: PTI/Representational)

Indian-origin woman accused in largest US Navy bribery case in Singapore

Sharon Rachael Gursharan Kaur, who was lead contract specialist for US Navy, was involved in USD 35-million 'Fat Leonard' scandal.

22 Jun 2018 3:07 PM

India’s monsoons, which hit the southern coast late last month, are expected to make slow progress over the next two weeks and delay the onset of crucial rains over north-western parts of the country, a private US-based weather forecaster said. (Photo: AP)

Indian monsoon seen slowing after strong start, says forecaster

Monsoon rains, vital for Asia’s third largest economy, hit Kerala at the end of May.

15 Jun 2018 12:17 PM

Divya garnered immense support online when she shared about her situation on social media earlier on Thursday. (Divya george/Facebook)

Airline refuses to fly Indian-origin couple with special needs child

The captain of the airline caused the commotion after he refused to allow the child to fly with an infant seat belt.

15 Jun 2018 10:16 AM

In this image made from video provided by Host Broadcaster Mediacorp Pte Ltd, US President Donald Trump, second from left, and North Korean leader Kim Jong Un, fourth from right, arrive for a working lunch at Capella Hotel in Singapore, Tuesday. (Photo: AP)

Here's what Trump and Kim Jong Un ate during lunch over denuclearisation talks

US President Donald Trump and North Korea leader Kim Jong Un were presented with menu that suited their palates.

12 Jun 2018 1:47 PM

US President Donald Trump said Tuesday there had been a 'lot of progress' in his historic talks with North Korea's leader Kim Jong Un. (Photo: AFP)

Will Kim give Trump more than pleasantries and good TV?

The first-ever summit between sitting leaders of the two Cold War foes went 'better than anybody could have expected', Trump said.

12 Jun 2018 11:42 AM

OPEC, together with some non-OPEC producers including Russia, started withholding output in 2017 to end a global supply overhang and prop up prices.

Oil edges up on cautious optimism over Trump, Kim summit

Brent crude futures were trading at $76.56 per barrel at 0201, up 10 cents from their last close.

12 Jun 2018 8:51 AM

The historic summit between US President Donald Trump and North Korea's Kim Jong Un.(Photo: AP)

2 Indian-origin ministers in Singapore play key role in facilitating Trump-Kim summit

Vivian Balakrishnan and K Shanmugam, are playing a key role in facilitating a hassle-free summit between US and North Korea.

11 Jun 2018 9:03 PM

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Sunil Gatade