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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.

Reliance, Chevron defend against US criticism of oil business with...

The White House has yet to enforce secondary sanctions announced in August aimed at non-US companies buying Venezuelan...

7 Feb 2020 12:36 PM IST

Oil prices were mixed on Friday after big gains a day earlier when the International Energy Agency (IEA) predicted crude stockpiles. (AFP/PTI Photo)

Oil mixed as coronavirus risks offset hopes that crude stockpiles will...

Prices have been lifted by more signs that oil output is falling among OPEC and other major producers

15 May 2020 9:05 AM IST

Sensex zooms over 1,400 pts on PM Modis Rs 20 lakh cr economic booster. (PTI Photo)

Sensex zooms over 1,400 pts on PM Modi's Rs 20 lakh crore economic...

ICICI Bank was the top gainer in the Sensex pack, surging around 7 per cent

13 May 2020 11:07 AM IST

A picture shows export oil pipelines at an oil facility in the Khark Island, on the shore of the Gulf. (AFP Photo)

Oil prices jump as US stockpiles grow less than expected

The official start of output cuts agreed between Organization of Petroleum Exporting Countries (OPEC) and other major...

1 May 2020 8:38 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

OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July. (AFP Photo)

OPEC, Russia extend record oil cuts to end of July

OPEC+ also demanded countries such as Nigeria and Iraq to compensate with extra cuts in July to September

7 Jun 2020 8:44 AM IST

Oil hits three-month high over hopes for output cuts. (AFP Photo)

Oil hits three-month high over hopes for output cuts

OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output...

3 Jun 2020 11:35 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

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 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 drops more than $1 after Saudi price cuts. (AFP Photo)

Oil prices tumble $1 per barrel after Saudi price cuts

The recovery in oil prices has also encouraged some US drillers to return to the wells

7 Sept 2020 11:33 AM IST