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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 surges after OPEC indicates it will maintain output cuts

US West Texas Intermediate crude was 82 cents, 1.3 per cent, higher at USD 63.58 a barrel.

20 May 2019 10:33 AM IST

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 rises as Middle East tensions mounts, set for weekly gains

Brent crude futures were at USD 73.00 a barrel at 0303 GMT, up 38 cents, or 0.5 per cent.

17 May 2019 9:56 AM IST

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 prices ease on surprise rise in US stockpiles, but Middle East...

WTI crude futures were at USD 61.39 per barrel, down 39 cents, or 0.6 per cent.

15 May 2019 9:56 AM IST

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

Oil prices fall as market awaits G20, OPEC meeting

OPEC+ members agreed to curb oil output by 1.2 million barrels per day from January 1.

28 Jun 2019 11:17 AM IST

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

Oil prices climb as US, Iran tensions mount

West Texas Intermediate crude was up 70 cents, or 1.2 per cent, at USD 58.13 a barrel.

24 Jun 2019 2:21 PM IST

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramcos interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.

India raises concerns over rising oil prices with Saudi Arabia

Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East

22 Jun 2019 1:39 PM IST

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

Oil prices fall on rise in US inventories, supply worries

US West Texas Intermediate (WTI) crude was down by 32 cents, or 0.6 per cent, at USD 53.16 a barrel.

5 Jun 2019 9:04 AM IST

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 prices rise amid expectations that US Fed will cut rates

Tensions spiked between Iran and the West after Iranian commandos seized a British-flagged oil tanker in the Gulf.

30 July 2019 11:05 AM IST

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

Oil prices edge lower as China's GDP growth slows

Brent crude futures for September fell 21 cents to USD 66.51 a barrel.

15 July 2019 10:59 AM IST

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 six-week highs amid Gulf of Mexico storm, Middle East...

Oil companies in the Gulf of Mexico had cut more than 1 million barrels per day (bpd) of output.

12 July 2019 10:01 AM IST

The transport industry involved in LPG products has been badly affected by demonetisation.

ATF price cut by 5.8 pc; subsidised LPG by Rs 3

Reduction in Aviation Turbine Fuel rates will bring relief to cash strapped airlines.

1 July 2019 3:00 PM IST

Saudi Aramco, the worlds top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive.

Saudi Aramco says H1 2019 net income slips to USD 46.9 billion

The fall in income comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing.

12 Aug 2019 1:40 PM IST