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Oil fell on Tuesday, adding to huge declines in the previous session. (AP/AFP Photo)

Oil prices slide as world runs low on storage capacity

The main concern is that there is nowhere to store all the oil that is not being consumed due to the drop in global...

28 April 2020 8:40 AM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil down on strong dollar, OPEC uncertainty

Brent crude futures settled at $47.24 a barrel, down $1.76 or 3.59 per cent.

26 Nov 2016 10:07 AM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil prices climb on expectation of OPEC output cut

International Brent crude oil futures were at $49.22 a barrel, up 10 cents.

23 Nov 2016 7:39 AM IST

In recent days, several OPEC members including Iran, along with non-member Russia, have suggested they were leaning toward a deal to limit output.

Oil prices climb on expectation of OPEC output cut

Brent crude futures LCOc1 settled at $48.90 a barrel, up $2.04, or 4.4 per cent.

22 Nov 2016 7:35 AM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil steady after gains on Saudi output cuts

Saudi Arabia has been curbing oil output in January by at least 486,000 barrels per day (bpd) to 10.058 million bpd.

6 Jan 2017 7:48 AM IST

OPEC and non-OPEC oil producers will meet again this weekend in Austrias capital to discuss the details of last weeks agreement.

Oil prices edge up tighter supply outlook

OPEC to cut crude supplies from this month in an effort to end global oversupply that has dogged markets for over two...

4 Jan 2017 10:15 AM IST

Oil dip after US exit from climate deal

Oil dip after US exit from climate deal

On worries that Donald Trump's decision to abandon a climate pact could spark more crude drilling in the US, worsening a...

3 Jun 2017 1:16 AM IST

European oil firms jumped more than two per cent on the oil surge and helped the pan-regional STOXX50 index add 0.2 per cent, having just had its best week in exactly five years.

Oil edges up, set for worst H1 performance in 20 years

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 IST

OPEC and non-OPEC oil producers will meet again this weekend in Austrias capital to discuss the details of last weeks agreement.

Oil prices steady in run-up to Christmas

International Brent crude oil futures down 1 cent from their last close at $54.91 a barrel.

20 Dec 2016 7:52 AM IST

OPEC and non-OPEC oil producers will meet again this weekend in Austrias capital to discuss the details of last weeks agreement.

Oil prices fall on profit taking, strong dollar

A strong dollar makes greenback-denominated commodities including oil more expensive for holders of other currencies.

23 Dec 2016 7:41 AM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil prices up on weaker dollar, optimism on output cuts

Brent LCOc1 futures for February delivery climbed 17 cents to $54.63 a barrel, having previously finished 89 cents...

22 Dec 2016 7:59 AM IST

OPEC and non-OPEC oil producers will meet again this weekend in Austrias capital to discuss the details of last weeks agreement.

Oil prices rise on US crude stock decline

International Brent crude futures were trading up 4 cents at $53.04 a barrel.

8 Dec 2016 11:34 AM IST