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Brent earlier climbed to USD 66.78 a barrel, the highest since November 2018.

Brent crude oil slips away from 2019 high after China reports car sales drop

At least partly offsetting the supply cuts has been a surge in US crude oil production by more than 2 million bpd in 2018.

18 Feb 2019 10:21 AM

According to the latest data available with depositories, a net sum of Rs 5,322 crore has been pumped into equities during February 1-15. (Photo: File)

FPIs pour Rs 5,300 cr into equities in Feb so far

The infusion into the equity market comes following a pull-out of Rs 5,264 crore by foreign portfolio investors (FPI) in January.

17 Feb 2019 11:13 AM

US West Texas Intermediate (WTI) crude oil futures were at USD 52.78 per barrel at 0329 GMT, up 37 cents, or 0.7 per cent.

Oil prices rise on OPEC output cuts, as US sanctions bite

International Brent crude futures were up 50 cents, or 0.8 per cent, at USD 62.01 per barrel.

12 Feb 2019 10:24 AM

UAE is also looking at storing more crude oil in Indian storages. (Photo: File | PTI)

UAE keen to invest in refining, petrochem projects, store oil in India

India has a refining capacity of 247 million tonnes, which exceeded the demand of 202 million tonnes.

11 Feb 2019 2:59 PM

International Brent crude oil futures were down by 26 cents, or 0.4 percent, at USD 62.43 per barrel.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

07 Feb 2019 10:28 AM

The oil for delivery in April was flat at Rs 3,925 a barrel in 8 lots. (Photo: File)

Crude oil futures fall Rs 7 on weak global cues

At the Multi Commodity Exchange, crude for delivery in March traded lower by Rs 7, or 0.18 per cent, at Rs 3,878 a barrel.

06 Feb 2019 2:25 PM

The country’s oil imports from Iran have already declined in FY18 to 22.6 million tonnes (mt) from a level of 27.2 mt in FY17.

US could offer oil at discount to compensate for Iran curbs

Crude imports from US may more than double to USD 8 billion this year.

21 Jan 2019 9:59 AM

US West Texas Intermediate (WTI) crude futures were down 47 cents, or 0.9 per cent, at $51.12 a barrel.

Oil slides on China trade slump, but crude imports remain high

Crude futures were back in the red as trading began for a fresh week in Asia.

14 Jan 2019 10:35 AM

The United States withdrew from a nuclear deal with Iran last year and snapped sanctions in place to choke Iran’s oil and banking industries. (Representational Image | AP)

Iran says despite US sanctions, it has found new 'potential' oil buyers

Washington seeks to bring Iranian oil exports to zero in order to curb Tehran’s missile and nuclear programs.

05 Jan 2019 3:01 PM

OPEC oil supply fell by 460,000 barrels per day (bpd) between November and December, to 32.68 million bpd.

Oil dips on manufacturing downturn, but OPEC cuts offer support

International Brent crude futures were down 21 cents, or 0.4 percent, at 0258 GMT at $55.74 a barrel.

04 Jan 2019 10:38 AM

The overall structure for the Indian markets remains bullish and likely to see levels of 11,600-11,850 by year-end and Sensex around 39,300-39,650 levels.

National polls, trade war and crude oil: A cautious new year ahead for Dalal Street

Experts believe the overall movement for the benchmark Sensex may also end up in 2019 at around 5 per cent.

31 Dec 2018 12:02 PM

'We take the views of Prime Minister Narendra Modi seriously who (like US President Donald Trump) is equally vocal about the issue,' said Saudi oil minister Khalid Al Falih. (Photo: AP)

We take PM Modi's views seriously while deciding oil prices: Saudi minister

India is world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its energy needs.

07 Dec 2018 12:18 PM

OPEC will manage the market in 2019 and assess the probability of an agreement to reduce production at around 2-in-3.

Oil plunges nearly 8 per cent despite talk of output cut

Brent fell 11.3 per cent and WTI posted a 10.8 per cent decline, the largest one-week drop since January 2016.

24 Nov 2018 10:16 AM

Brent crude, the oil prices international benchmark, fell 6.92 per cent to USD 62.17 a barrel.

Aviation, oil marketing cos rise on lower global crude oil prices

Shares of aviation and oil marketing companies surged up to 6 per cent on Wednesday.

21 Nov 2018 6:04 PM

Oil prices have fallen by over 20 per cent in the last one month due to easing of supply pressures, particularly from Iran.

Little respite from high fuel costs despite falling crude oil prices

Petrol is being retailed at Rs 77.56 a litre and diesel at Rs 72.31 per litre in Delhi.

13 Nov 2018 10:47 AM

India had continued to import crude oil from Iran despite the threat of sanctions.

India to win US waiver for oil

Sources, however, said no final decision has been made and an announcement is likely just before sanctions on Iran are reimposed on November 5.

02 Nov 2018 1:31 AM

Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October.

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 11:38 AM

US crude CLc1 was down 60 cents, or 0.9 per cent, at $66.73. (Representational Image/AFP)

Oil prices drop as oversupply looms amid global market woes

The global benchmark is on course for a weekly loss of over 4 per cent.

26 Oct 2018 12:41 PM

The scrip of Indian Oil Corporation Ltd gained 5.54 per cent.

Shares of oil marketing cos jump up to 7.2 pc on easing crude prices

Brent crude prices fell 4.37 per cent, its biggest single-day fall in three months, to USD 76.24 barrel.

24 Oct 2018 6:26 PM

‘Sentiment’ pushing oil price

Pradhan warned that unless oil producing countries look at the affordability of the consuming country “alternative will be there.”

17 Oct 2018 1:33 AM

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Krishna Shastri Devulapalli