The fall in global prices impacted the group’s financial performance for January-March quarter as the company holds about 45 days inventory
25 Jun 2020 8:56 AM
Distillate fuel stockpiles, rose by 4.3 million barrels, outpacing expectations for a 3 million barrel increase
10 Jun 2020 9:12 AM
On Saturday OPEC+ agreed to extend the deal by a third month through end-July
08 Jun 2020 9:03 AM
Prices have risen in the past two weeks as some countries relaxed coronavirus restrictions and lockdowns
14 May 2020 9:09 AM
Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump
13 May 2020 8:29 AM
Taxes and duties on petrol and diesel were increased by 10 rupees/litre and 13 rupees/litre, respectively
06 May 2020 10:27 AM
Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions
06 May 2020 8:42 AM
The official start of output cuts agreed between Organization of Petroleum Exporting Countries (OPEC) and other major producers like Russia
01 May 2020 8:38 AM
U.S. Energy Information Administration data showed U.S. crude oil inventories grew by 9 million barrels last week to 527.6 million barrels
30 Apr 2020 8:42 AM
Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide
27 Apr 2020 10:12 AM
Oil markets have plunged in recent weeks as lockdowns and travel restrictions to fight the coronavirus around the world batter demand
20 Apr 2020 9:40 AM
Saudi Arabia and Russia were close to finalizing a deal to cut crude output by a record 10 million barrels per day
12 Apr 2020 9:39 AM
Brent crude fell as much as $3 in Asian trading after Saudi Arabia and Russia postponed a meeting over a potential pact to cut production
06 Apr 2020 9:31 AM
Benign raw material prices, low media intensity to help.
11 Jul 2019 1:58 AM
Movement of foreign funds, rupee and oil would continue to play their part in market trend, according to analysts.
17 Mar 2019 1:05 PM
Forex traders said heavy buying in domestic equities and robust foreign fund inflows also propped up the rupee.
06 Mar 2019 6:46 PM
Traders said oil markets were currently tightening.
01 Mar 2019 12:36 PM
Five of six MPC members had voted for keeping rates on hold at 6.50 per cent, surprising most economists.
22 Oct 2018 9:03 AM
After a reduction of 21 paise the petrol price in the national capital settled at Rs 82.62 per litre.
18 Oct 2018 2:23 PM
Rupee continued to be under pressure as oil prices started to move-up.
15 Oct 2018 6:33 PM