Home » OPEC

You Searched For "OPEC"

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

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 extends gains amid Middle East tensions, US-China trade deal hopes

US West Texas Intermediate crude gained 44 cents, or 0.8 per cent, to USD 54.34 a barrel.

19 Jun 2019 8:46 AM IST

The latest incident comes after the US alleged that Iran used mines to attack four oil tankers off the nearby Emirati port of Fujairah last month. (Representational Image)

Saudi seeks oil supply protection as US and Iran face off

Thursday's tanker attacks in the Gulf of Oman exacerbated the antagonistic fallout from similar blasts in May that...

17 Jun 2019 8:19 AM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi energy minister says hopes to balance oil market before next...

OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.

15 Jun 2019 2:01 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

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Crude oil demand growth to remain stable

Going forward OPEC expects global demand for its crude oil to decline next year as their rivals continue to pump more...

15 July 2019 8:03 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

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 drop on signs global economy slowing amid trade disputes

Oil prices are being pressured by ongoing worries about demand as the US-China trade war.

9 July 2019 9:49 AM IST

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

Oil set for biggest weekly gain since July on trade dispute hopes

WTI futures, slumped last week by nearly 2 million barrels to their lowest since December.

30 Aug 2019 11:09 AM IST