Crude Oil | The Asian Age

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October Brent crude futures LCOV8 dropped 29 cents, or 0.4 per cent, to $73.92 a barrel.

Oil extends decline after biggest monthly slump in two years

Brent fell more than 6 per cent in July, while US crude futures slumped about 7 per cent.

01 Aug 2018 9:33 AM

The previous high rate of growth was recorded in November 2017 at 6.9 per cent. The growth rate in May was 4.3 per cent.

Infra output growth hits 7-month high, shows data

Disaggregated data continued to provide mixed signals, says expert.

01 Aug 2018 1:50 AM

WTI futures set to decline 5.9 per cent to, the biggest monthly drop since March 2017.

Oil prices drop on oversupply concerns as OPEC output increased in July

OPEC hiked production by 70,000 barrels per day (bpd) to 32.64 million bpd, the most this year.

31 Jul 2018 10:22 AM

India loaded about 7,15,600 bpd oil from Tehran in the April-June 2018, a growth of about 45 per cent from the previous quarter.

India loaded 12 pc less Iranian oil in June than in May

Indian refiners bought around 6,64,000 barrels per day (bpd) of Iranian oil in June.

31 Jul 2018 8:22 AM

Indian Oil Corp, the country’s top refiner, has shut a 40,000-barrel-per-day (bpd) crude unit at its 150,000-bpd Haldia refinery on the east coast after a minor fire, a company source said on Friday.

Indian Oil shuts unit at Haldia plant after small fire: source

The crude unit has been isolated and is expected to resume operation from Saturday, the source said.

27 Jul 2018 2:09 PM

US West Texas Intermediate crude futures were up 5 cents at $69.35 a barrel, after climbing more than 1 per cent in the previous session.

Oil climbs after Saudi Arabia suspends shipments through Red Sea lane

Brent crude futures had risen 47 cents, or 0.6 per cent, to $74.40 a barrel, after gaining 0.7 per cent.

26 Jul 2018 10:05 AM

India has taken note of US reimposing economic sanctions on Iran, the nation's second-biggest supplier of crude oil, Oil Minister Dharmendra Pradhan said on Wednesday.

India has taken note of US sanctions on Iran, says Dharmendra Pradhan

In 2017-18, India bought 22.6 million tonnes of crude oil from Iran, Pradhan said.

25 Jul 2018 5:15 PM

US crude was down 21 cents, or 0.3 per cent, at $67.68 a barrel. The contract fell 37 cents the previous day.

Oil prices drop on worries about oversupply

Brent crude oil was down 19 cents, or 0.3 per cent, at $72.87 a barrel, after settling down 1 cent.

24 Jul 2018 10:15 AM

Brent crude dropped 18 cents, or 0.3 percent, to $72.89 a barrel by 0329 GMT.

Oil prices fall on demand concerns as G20 warns of risks to growth

US West Texas Intermediate (WTI) futures declined 13 cents, or 0.2 per cent, to $68.13 a barrel.

23 Jul 2018 9:37 AM

US West Texas Intermediate crude was down 36 cents, or 0.5 per cent, at $67.72.

Oil prices drop amid surprise jump in US stockpiles

Brent futures were down 31 cents, or 0.4 per cent, at $71.85 a barrel by 0240 GMT.

18 Jul 2018 9:16 AM

Last month, the oil ministry asked refiners to prepare to limit imports of Iranian oil ahead of US sanctions that take effect in November. (Photo: File/AFP)

US oil exports to India hit record high ahead of sanctions on Iran

The exports to India could go higher if China imposes levies on its US oil imports over the latest round of US tariffs.

12 Jul 2018 6:34 PM

India's Iranian oil imports in June fall 15.9 per cent in June: sources

In June, India imported 592,800 barrels per day (bpd) of oil from Iran compared to 705,200 bpd in May.

11 Jul 2018 11:30 AM

It’s time to prove the US wrong to establish a favourable counter-point of diplomacy vis-a-vis the US attempts to thwart India’s sovereign state power.

India must resist diktats from US on Iran, Russia

However, the US knows well the soft spots of some ruling class members of developing nations rather too well.

10 Jul 2018 1:05 AM

Petroleum items to come under GST in stages: Hasmukh Adhia

The finance ministry has expressed its intention to include natural gas and ATF within the purview of the goods and services tax soon.

07 Jul 2018 7:19 AM

Finance Secretary Hasmukh Adhia. (Photo: File)

Petroleum products to be brought under GST in stages: Adhia

Currently, diesel, petrol, crude oil, natural gas and aviation turbine fuel are outside the purview of GST.

06 Jul 2018 3:30 PM

Brent crude futures were at $77.70 per barrel at 0250 GMT, down 54 cents, or 0.7 per cent, from their last close.

Oil prices fall as Trump demands OPEC ‘reduce pricing now’

OPEC together with a group of non-OPEC producers led by Russia started to withhold output in 2017 to prop up prices.

05 Jul 2018 9:45 AM

The US government plans to shut Iran’s oil exports out of the market from November, demanding that all countries stop buying its oil.

Oil prices climb on tightening US market

US crude inventories fell by 4.5 million barrels in the week to June 29 to 416.9 million barrels.

04 Jul 2018 8:51 AM

This is the lowest growth rate since July 2017 when infrastructure industries had expanded by 2.9 per cent.

Infra growth hits 10-month low

Dip in crude oil, gas production and favourable base effect waning off cited as reasons.

03 Jul 2018 12:13 AM

The rupee collapsed to a lifetime low of 69.10 against the US dollar by plunging 49 paise in early trade on Thursday as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics.

Rupee sinks to record low against US dollar, breaches 69-mark

Global oil prices have climbed after the US asked its allies to end all imports of Iranian oil by November.

28 Jun 2018 11:08 AM

India will from November not be able to use European banks for making payments for crude oil it buys from Iran as US sanctions against the Persian Gulf nation take effect, senior officials said on Friday.

Iran oil payment route to be blocked from November 3

SBI, the country's largest lender, has communicated to oil refiners that the euro payment route will be not available after November 3.

15 Jun 2018 3:18 PM

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Sunil Gatade