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A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Oil slides as US crude production hits record, Asia factory output...

WTI crude oil futures were at USD 56.92 per barrel, down 2 cents from their last settlement.

28 Feb 2019 4:53 AM GMT

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil dips after Trump calls on OPEC to ease high prices

OPEC and some non-affiliated producers such as Russia agreed late last year to cut output by 1.2 million barrels per...

26 Feb 2019 5:11 AM GMT

US crude inventories likely saw a build for the second straight week, rising 200,000 barrels in the week ended March 30.

Oil prices fall as US crude output hits record 12 million bpd

WTI crude oil futures were at USD 56.84 per barrel, down 12 cents, or 0.2 per cent

22 Feb 2019 4:44 AM GMT

Reliance Industries plans to shut oil and gas production at its main fields in KG-D6 block in the coming months.

Oil hovers near 2019 highs amid OPEC cuts

Oil prices have been driven up this year by supply cuts led by the Organisation of the OPEC.

21 Feb 2019 11:04 AM GMT

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil near 2019 highs amid OPEC cuts, US sanctions

OPEC as well as some non-affiliated producers such as Russia agreed late last year to cut output by 1.2 mn barrels per...

20 Feb 2019 5:30 AM GMT

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Brent oil eases from 2019 highs as markets await trade talks outcome

Brent crude oil futures were at USD 66.08 per barrel at 0220 GMT, down 42 cents, or 0.6 per cent from their last close.

19 Feb 2019 8:04 AM GMT

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Brent crude oil slips away from 2019 high after China reports car...

At least partly offsetting the supply cuts has been a surge in US crude oil production by more than 2 million bpd in...

18 Feb 2019 4:51 AM GMT

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

7 Feb 2019 4:58 AM GMT

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Reliance says not breaching US sanctions against Venezuela

Reliance's few transportation fuel shipments to Venezuela, treated as offsets for crude oil receipts.

23 March 2019 4:46 AM GMT

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil near 2019 highs on OPEC supply cuts, US sanctions

Brent crude oil futures were up 10 cents at USD 67.64 per barrel, also close to this year's peak of USD 68.14 reached...

19 March 2019 5:14 AM GMT

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil slips on economic slowdown, but OPEC-led cuts still support

OPEC's de-facto leader Saudi Arabia said on Sunday that balancing oil markets was far from done as inventories were...

18 March 2019 4:55 AM GMT

India pays its third largest oil supplier in euros using European banking channels and imports.

India wants to keep Iran oil purchases at 300,000 bpd in extended...

India has reduced its purchases of Iranian oil but has been in talks on extending its sanctions waiver.

7 March 2019 10:43 AM GMT