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

Saudi Arabia aims to keep crude in USD 70 to USD 80 band: sources

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

5 Sept 2018 9:41 AM IST

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

Oil prices claw back on supply concerns though but demand worries drag

Brent crude was up 8 cents, or 0.1 per cent, at $78.26 a barrel by 0338 GMT, after falling 2 per cent on Thursday.

14 Sept 2018 10:51 AM IST

Irans Foreign Affairs Minister Mohammad Javad Zarif met his Indian counterpart, Sushma Swaraj, in New York on the sidelines of United Nations General Assembly. (Photo: AP)

India to continue import of oil from Iran: Iranian foreign minister

Washington is pushing allies to cut Iranian oil imports to zero once the sanctions start on November 4.

28 Sept 2018 10:17 AM IST

t pointed that even after rising in the last three months, crude oil prices are mere half of $107 per barrel in May, 2014.

Decisive govt action needed on eco front

There's no alternative in the immediate future but to curb imports of non-essential goods.

17 Sept 2018 1:25 AM IST

Oil climbs as Trump lays out reopening of virus-hit US. (AFP Photo)

Oil jumps after Trump lays out plan for reopening of virus-hit US

Oil markets tracked a rise in Asian stock markets and on Wall Street overnight

17 April 2020 9:03 AM IST

Oil near 18-year lows on demand devastation warning. (AFP Photo)

Oil drops to 18-year low as market faces lowest demand

The International Energy Agency said Wednesday that 2020 was likely to be "the worst year in the history" of the sector

16 April 2020 9:00 AM IST

Record oil output cuts fail to make waves in coronavirus-hit market. (AFP photo)

Oil prices rise amid hopes for US deeper output cuts

United States is reducing output as well and other countries are taking estimated cut in production to about 19.5...

14 April 2020 11:27 AM IST

Asian shares fall as oil rallies after OPEC+ output cuts deal. (AFP Photo)

Asian markets dip after OPEC+ deal to cut oil production

Oil benchmarks surged in early Asian trade, with WTI climbing nearly eight percent and Brent up five percent

13 April 2020 9:58 AM IST

Top oil producers agree historic cuts due to coronavirus crisis. (AFP Photo)

OPEC, Russia approve biggest ever oil cut amid coronavirus

In the compromise reached they agreed to a cut of 9.7 million barrels per day from May

13 April 2020 8:59 AM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil down on strong dollar, OPEC uncertainty

Brent crude futures settled at $47.24 a barrel, down $1.76 or 3.59 per cent.

26 Nov 2016 10:07 AM IST

Global benchmark Brent crude for July was down 31 cents at $51.74 a barrel by 11.13 GMT (7.13 am ET). US crude for June was down 24 cents at $49.09 a barrel.

Oil price may dip below $50

It's under pressure after growth in Chinese manufacturing slowed faster than expected.

2 May 2017 6:06 AM IST

In recent days, several OPEC members including Iran, along with non-member Russia, have suggested they were leaning toward a deal to limit output.

Oil prices climb on expectation of OPEC output cut

Brent crude futures LCOc1 settled at $48.90 a barrel, up $2.04, or 4.4 per cent.

22 Nov 2016 7:35 AM IST