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India stockpiles low-cost oil, fills 32 million tonnes of commercial storage. (AFP Photo)

India takes advantage of low oil prices, stockpiles 32 million tonnes

India, the world's third biggest oil importer, buys over 80% of its oil needs from overseas markets

5 May 2020 11:00 AM IST

Petrol and diesel prices were frozen soon after the government raised excise duty on the two fuels. (PTI Photo)

Aviation fuel now costs less than one-third of petrol price

Aviation turbine fuel price has been cut by Rs 6,812.62 per kilolitre, or 23.2 per cent, to Rs 22,544.75 per kl in the...

3 May 2020 12:16 PM IST

Oil prices fell in early trade on Tuesday after weak Japanese industrial production data was enough to jangle trader nerves over a bumpy recovery in fuel demand as coronavirus pandemic restrictions ease. (AFP Photo)

Oil prices fall as weak Japan data exposes market jitters over fragile...

Japan reported industrial output for May fell 8.4% in May from the previous month, compared with market forecasts for a...

30 Jun 2020 8:54 AM IST

Oil prices fell for a second straight session on Monday as coronavirus cases rose. (AFP Photo)

Oil falls in second straight session as virus cools demand

Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to...

29 Jun 2020 8:50 AM IST

Oil prices creep up on demand recovery, tempered by virus outbreaks. (AFP Photo)

Oil prices rise on demand recovery, despite surge in virus cases

The prospect of increased US crude production also kept a lid on gains on Friday

26 Jun 2020 9:25 AM IST

Oil futures dropped on Wednesday after US crude stockpiles grew more than expected. (AFP Photo)

Oil prices slides as US crude stockpile growth heightens oversupply...

Global oil consumption has started to recover as economies emerge from lockdown

24 Jun 2020 10:03 AM IST

Oil prices nudged higher on Monday on tighter supplies from major producers. (AFP Photo)

Oil prices higher on tighter supply, but demand concerns resurface

Oil prices have also been supported by a recovery in fuel demand globally following a collapse in April-May during...

22 Jun 2020 8:58 AM IST

Oil prices fell more than 1% in early trade on Thursday as a spike in new coronavirus cases. (AFP Photo)

Oil prices drop on demand worries as coronavirus cases rise

A rise in US crude stockpiles to a record high for a second week in a row also weighed on sentiment

18 Jun 2020 9:27 AM IST

Oil falls on rise in US crude stocks, potential second wave. (AFP Photo)

Oil falls amid virus resurgence fears, rise in inventories

OPEC panel will meet on Thursday to further discuss ways to strengthen and review compliance to curb oil production and...

17 Jun 2020 9:41 AM IST

Oil prices dipped on Tuesday on jitters that a rise in coronavirus infections. (AFP Photo)

Oil prices drop as coronavirus infections rise

Production from seven major U.S. shale formations is likely to drop to close to a two-year low of 7.63 million barrels...

16 Jun 2020 9:02 AM IST

Oil prices fell more than 2% on Thursday on worries about slow demand growth with coronavirus cases rising. (AFP Photo)

Oil prices drop on concerns about slow demand, record US stocks

At the same time, gasoline stockpiles grew more than expected to 258.7 million barrels

11 Jun 2020 8:48 AM IST

Oil drops after US inventory build oversupply concerns. (AFP Photo)

Oil drops after jump in US crude stockpiles, renews oversupply...

Distillate fuel stockpiles, rose by 4.3 million barrels, outpacing expectations for a 3 million barrel increase

10 Jun 2020 9:12 AM IST