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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

Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand. (APF Photo)

Oil prices rise as easing of lockdown spurs fuel demand

U.S. crude and gasoline inventories are estimated to have fallen by 1.5 million barrels and about 100,000 barrels...

9 Jun 2020 11:37 AM IST

Asia stocks extend rally as economic recovery hopes boost confidence. (AFP Photo)

Asia stocks extend rally on hopes of quick economic recovery

Markets have been particularly encouraged by a May U.S. jobs report last week that showed a surprise fall in the...

9 Jun 2020 9:24 AM IST

Oil prices inch higher, one-month supply cut extension falls short of market hopes. (AFP Photo)

Oil prices inch higher after OPEC+ extends output cuts to end-July

On Saturday OPEC+ agreed to extend the deal by a third month through end-July

8 Jun 2020 9:03 AM IST

Oil prices slip as wary traders eye upcoming OPEC+ meeting. (AFP Photo)

Oil prices slip even after OPEC meeting advanced

Saudi Arabia is proposing to extend record cuts from May and June until the end of the year, but has yet to win support...

1 Jun 2020 9:11 AM IST

Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand. (AFP Photo)

Oil prices slip on demand worries as coronavirus cases rise

The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd...

30 July 2020 8:56 AM IST

Oil rises after surprise drop in U.S. inventories offsets demand concerns. (AFP Photo)

Oil prices inch higher after sharp drop in US crude inventories

Inventories of crude oil in the US dropped by 6.8 million barrels last week to 531 million barrels

29 July 2020 9:12 AM IST

Oil prices rise on US stimulus hopes. (AFP Photo)

Oil prices edge higher on expected US stimulus, weak dollar

The US dollar dropped to its lowest in nearly two years against a basket of six other major currencies on back of a...

28 July 2020 9:02 AM IST

Oil slips as rising virus cases, US-China tensions weigh on markets. (AFP Photo)

Oil prices fall amid US-China tensions, increasing pandemic fears

Oil demand has improved somewhat from the deep trough of the second quarter, supporting prices, although the recovery...

27 July 2020 2:21 PM IST

China imports more oil from Saudi than any other country in June. (AFP Photo)

China's crude imports from Saudi hit fresh high in June

Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June

26 July 2020 4:17 PM IST

Oil prices ticked higher on Thursday, although gains were limited by a surprise increase in U.S. crude oil reserves . (AFP Photo)

Oil ticks up, but gains capped by demand destruction

Prices have been marking time since hitting a four-month high earlier in the week on hopeful news about a coronavirus...

23 July 2020 9:08 AM IST

Oil prices fell on Wednesday as industry data showed a bigger- than-expected inventory build in the United States where coronavirus cases continue to climb. (AFP Photo)

Oil prices fall on US inventory build, increasing pandemic fears

Industry group American Petroleum Institute reported U.S. crude inventories rose last week by 7.5 million barrels

22 July 2020 8:44 AM IST