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Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. (AFP Photo)

Oil falls as worsening pandemic threatens recovery

In the US, energy drillers cut the number of oil and natural gas rigs operating to a record for an 11th week in a row

20 July 2020 8:05 AM IST

Oil prices were unchanged on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries. (AFP Photo)

Oil prices mixed as virus spike casts shadow over demand

The two benchmark contracts fell 1% on Thursday after OPEC+ agreed to trim record supply cuts of 9.7 million barrels per...

17 July 2020 8:49 AM IST

Representative Image. (AFP)

Oil prices slip after OPEC, allies agree to loosen supply curbs

OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the...

16 July 2020 8:53 AM IST

Oil prices fell more than 2% on Tuesday. (AFP Photo)

Oil prices drop on demand recovery fears, OPEC+ easing expectations

The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend...

14 July 2020 11:34 AM IST

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week. (AFP Photo)

Oil slips as traders eye supply cut easing at OPEC meeting

Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three...

13 July 2020 9:02 AM IST

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts. (AFP Photo)

Oil prices cautiously rise on output cut support

The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week

7 July 2020 9:04 AM IST

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases. (AFP Photo)

Oil prices slip on demand fears as virus cases surge

The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal...

2 July 2020 10:30 AM IST

Oil prices struggle to hold five-month high amid pandemic worries. (AFP Photo)

Oil prices struggle to hold five-month high amid growing demand fears

Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing...

6 Aug 2020 9:01 AM 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)

Puri conveys India's concerns over high oil prices to Saudi, UAE

Saudi Arabia is the world's largest exporter of crude oil and India's second-biggest source after Iraq

16 July 2021 3:52 PM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMF urges Saudi Arabia to contain spending as deficit widens

Saudi Arabia has embarked on an ambitious reform drive, known as Vision 2030.

23 May 2018 6:41 PM IST

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

Crude nears 2018 lows as markets slide on US cues

Investors have flocked to perceived safe-haven assets such as gold and government debt, at the expense of crude oil and...

25 Dec 2018 1:24 AM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

ONGC, OIL face risk of subsidy sharing, says Moody's

This subsidy sharing ended in June 2015 with global oil prices plummeting.

22 May 2018 12:02 PM IST