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Mr Putin said he expected the world oil market soon to be balanced.

Oil prices fall on pipeline restart, uncertainty over OPEC output cuts

Brent futures had fallen to $63.65 a barrel down 19 cents, or 0.3 per cent, from their previous close.

28 Nov 2017 5:55 AM GMT

Mr Putin said he expected the world oil market soon to be balanced.

Indian refiners processed record oil volume in October

India, which imports about 80 percent of its oil needs, has emerged as a key driver of growth in global oil demand.

24 Nov 2017 3:20 AM GMT

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

Oil prices rise for first time in three days, but trade war drags

Brent crude futures had gained 47 cents, or 0.6 per cent, to $76.38 a barrel by 0441 GMT.

31 Oct 2018 6:08 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 prices rise on signs that Iranian crude exports fall further

US West Texas Intermediate (WTI) crude futures were down by 24 cents, or 0.3 per cent, at $74.53 a barrel.

9 Oct 2018 5:13 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 four-year high as Washington's Iran sanctions loom

Brent has risen by around 20 per cent from the most recent lows in August.

2 Oct 2018 5:41 AM GMT

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

Brent crude oil hits four-year high ahead of Iran sanctions

Brent was pushed up by the looming sanctions against Iran, which will start targeting its oil sector from Nov 4.

1 Oct 2018 3:45 AM GMT

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 frames strategy for higher output growth

The company has seen almost flat growth in crude oil production in the last five years.

16 Nov 2018 11:35 AM GMT

US oil shipments to China have surged, creating trade between the worlds two biggest powers that until 2016 just did not exist.

Oil near late-2014 highs as Saudi pushes for higher prices

Oil prices have the potential to rise another 15 per cent over the remainder of 2018.

19 April 2018 4:27 AM GMT

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

Govt tweaks production sharing contracts mid-way, oil and gas reform...

Companies put investments worth billions of dollars on hold.

16 April 2018 3:10 AM GMT

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

Oil prices seesaw as US trade dispute with China rattles market

US WTI crude futures CLc1 were at $63.26 a barrel at 0031 GMT, down 16 cents, or 0.3 per cent.

10 April 2018 3:09 AM GMT

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

Indian Oil plans USD 22 billion expansion over five years

IOC processed a record 1.38 million bpd crude at its directly owned plants in 2017-18.

2 April 2018 3:50 AM GMT

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

Oil prices drop on oversupply concerns as OPEC output increased in...

OPEC hiked production by 70,000 barrels per day (bpd) to 32.64 million bpd, the most this year.

31 July 2018 4:52 AM GMT