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Top oil producers agree historic cuts due to coronavirus crisis. (AFP Photo)Business
OPEC, Russia approve biggest ever oil cut amid coronavirus

In the compromise reached they agreed to a cut of 9.7 million barrels per day from May

13 April 2020 8:59 AM IST

US senators press Saudi officers to place oil minimize in movement. (AP PHOTO)Business
US senators urge Saudi officers to take concrete action to cut oil...

Saudi Arabia and Russia were close to finalizing a deal to cut crude output by a record 10 million barrels per day

12 April 2020 9:39 AM IST

(File) OPEC Conference President Saudi Arabias Energy Minister Khaled al-Falih (2ndR), OPEC Secretary General Mohammed Barkindo (R) and Angolas Governor for OPEC and Chairman of the Board of Governors Estevao Pedro (2nd L) the 173rd OPEC Conference of Organization of the Petroleum Exporting Countries (OPEC) in Vienna. (AFP Photo))Business
OPEC, Russia agree to oil output cuts; Mexico rejects global plan

The planned output curbs by OPEC+ amount to 8 million barrels per day

10 April 2020 9:09 AM IST

President Donald Trump speaks during a coronavirus task force briefing at the White House, Sunday, April 5, 2020, in Washington. (AP Photo)Business
Trump signals possible tariffs on oil imports amid low prices

Oil prices have dropped by about two-thirds this year as the COVID-19 pandemic has hammered demand

6 April 2020 10:17 AM IST

Oil falls on storage woes in virus-hit market. (AFP Photo)Business
Oil falls on storage crisis as virus saps demand

Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions...

27 April 2020 10:12 AM IST

Representative Image (PTI)Business
ONGC asks govt to cut cess, royalty, free gas price to help company...

While the gas price is way below the cost of production, high tax incidence is resulting in cash losses even on crude...

5 April 2020 12:49 PM IST

\The current level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant increase in selling price of petrol and decrease in selling prices of diesel.Business
Daily change in petrol, diesel prices will benefit consumers

Under dynamic pricing model, OMCs will be able to reduce price risk arising out of fluctuations in crude.

8 April 2017 1:20 PM 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.Business
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

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