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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 Apr 2020 9:03 AM

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 Apr 2020 9:00 AM

The economic uncertainty resulting from the Wuhan virus outbreak has been mirrored in the markets. (Photo: ANI)

Wuhan virus will have no impact on India's economy? Think again

Indian exports to China grew 25.6 per cent to USD 16.75 billion in FY2018-19 from a year ago.

27 Jan 2020 11:46 AM

US West Texas Intermediate crude was at USD 64.39 a barrel, up USD 1.34, or 2.1 per cent, after touching USD 64.44 earlier, the highest since April.

Oil surges again after Trump threatens Iraq sanctions, Iran retaliation

Brent crude futures soared to a high of USD 70.27 a barrel at 0222 GMT, up USD 1.67, or 2.4 per cent.

06 Jan 2020 10:59 AM

RBI to retain dovish bias going forward: report

The RBI reiterated that it would maintain an accommodative stance as long as necessary to revive economic growth.

07 Dec 2019 10:46 AM

The American Petroleum Institute reported on Wednesday an unexpected drop in crude stockpiles by 541,000 barrels in the week to November 8.

Oil gains on US crude stocks fall, OPEC comments on slower US shale growth

Brent futures LCOc1 rose 39 cents, or 0.6 per cent, to USD 62.76 per barrel.

14 Nov 2019 12:56 PM

Traders are now eyeing next month’s meeting between the OPEC and Russia to determine if the group would deepen output cuts to prop up prices.

Oil slips as US-China trade deal hopes dwindle

A forecast by the International Energy Agency for slower global oil demand growth post-2025 also weighed on the market.

13 Nov 2019 10:54 AM

OPEC’s output recovered in October from an eight-year low after a rapid rebound in Saudi Arabia’s production from attacks on its oil infrastructure.

Oil edges down; eyes on data amid trade deal hopes

Traders may be taking profits on oil ahead of uncertainty around macro-economic data and US oil inventory reports.

04 Nov 2019 9:46 AM

The RBI minutes from October policy review underscored the monetary policy committee members' unanimous decision to keep rates lower.

RBI may cut rates in December: report

A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.

24 Oct 2019 1:10 PM

OPEC, Russia and other producers have cut oil output by 1.2 million barrels per day to support the market.

Oil prices edge higher as OPEC hints at deeper output cuts

US West Texas Intermediate (WTI) crude CLc1 had gained 16 cents or 0.3 per cent to USD 52.97 a barrel.

16 Oct 2019 12:13 PM

Naymar, the Paris Saint-Germain forward, making his 101st appearance for the national team, touched the back of his leg as he left the pitch and was replaced by Philippe Coutinho. (Photo: AFP)

Neymar injured as Brazil draw 1-1 with Nigeria in friendly

A team spokesman said Neymar “felt discomfort” in his left thigh and would be examined by PSG doctors once he was back in France.

14 Oct 2019 3:14 PM

The US company launched local online shopping in the wealthy Southeast Asian city-state more than two years ago with its fast delivery service through a mobile app. (Photo: ANI)

Amazon launches bigger local online store in Singapore

Amazon also said it will allow small and medium-sized businesses to offer their products to online shoppers with Amazon.sg.

08 Oct 2019 12:45 PM

Indian-origin Singaporean judge joins Brunei Supreme Court

All part-time judges appointed to the Supreme Court of Brunei are designated as judicial commissioners.

07 Oct 2019 5:43 PM

Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil over the past month.

Saudi oil prices for Asia expected to jump in November after attack

Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.

03 Oct 2019 10:54 AM

Brent is set to rise 2.6 per cent in September, its first monthly gain since June, with prices lifted by an unprecedented attack on Saudi’s oil facilities on Sept 14

Oil prices climb as positive China factory data eases demand concerns

World’s top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day.

30 Sep 2019 9:26 AM

Singapore has detained three Indonesian maids without trial under tough security laws over allegations they donated funds to support the Islamic State (ISIS) group, authorities said. (Photo: AFP)

Singapore detains 3 Indonesian maids for 'funding ISIS'

There has been a steady stream of such cases reported in Singapore, which is majority ethnic Chinese but has a sizeable Muslim minority.

24 Sep 2019 1:13 PM

Government will require to scale back expenditure in the second half of the year to keep the overall deficit near 3.5-3.6 per cent of GDP. (Photo: AFP)

DBS expects modest rate cut at RBI's MPC meeting in October

RBI Governor Shaktikanta Das also reinforced his dovish bias due to weak inflation and negative output gap.

23 Sep 2019 3:12 PM

Indian Oil Corp’s Gujarat oil refinery will be ready to produce 700,000 tonnes per year of low-sulphur marine fuel starting in October, the company’s Director for Refineries SM Vaidya said on Tuesday.

India's fuel demand to rise by average 4.7 pc through 2025: Nayara Energy

India’s gasoil demand will rise by an average 5.3 pc per year through the 2025 fiscal year, said Nayara Energy's B Anand.

10 Sep 2019 12:58 PM

During the Plenary session, the minister recalled that India and Singapore came together in a very contemporary phase, at a time when the world was changing, including India. (Photo: ANI)

Singapore has become fulcrum for India's economic policies: Jaishankar

Jaishankar is currently in Singapore on a three-day visit.

09 Sep 2019 11:41 AM

Former Zimbabwean leader Robert Mugabe has died aged 95, the country's President Emmerson Mnangagwa said on his official Twitter account. (Photo: AFP)

Zimbabwe's former President Robert Mugabe dies at 95

Officials often said he was being treated for a cataract, denying frequent private media reports that he had prostate cancer.

06 Sep 2019 1:30 PM

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Syed Ata Hasnain