Crude Oil | The Asian Age

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Rise in oil prices defied global stock markets, which slumped on back of worries about a trade stand-off between US and China.

Oil rises more than 1 pc as Saudi says production curbs could last into 2019

US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion of imports from China.

23 Mar 2018 11:38 AM

Brent crude futures were at $65.85 per barrel, down 36 cents, or 0.5 per cent.

Oil prices fall as increased US drilling points to higher output

US crude oil production has risen by more than a fifth since mid-2016, to 10.38 million barrels per day.

19 Mar 2018 10:21 AM

The first phase will involve ticketing for buses, the railways and the monorail. The metro line will be included later.

Single-ticket system to start from March

The government is planning to introduce taxi, auto and toll charges in the smart card at a later stage.

24 Feb 2018 2:19 AM

US oil shipments to China have surged, creating trade between the world’s two biggest powers that until 2016 just did not exist.

US seeks to dominate China’s oil market

American crude supplies likely to cut into oil sales of Russia and Saudi Arabia.

10 Feb 2018 2:21 AM

International benchmark for oil prices, have risen by more than 50 per cent since mid-2017.

As oil hits USD 70, warning lights flash up in Asia

World’s biggest crude consuming region, Asia, is showing signs of an impending downward correction.

12 Jan 2018 2:06 PM

Byron Wien of Blackstone listed the prospect of US crude topping $80 as one of 10 potential shockers for investors in 2018 in his list of surprises.

Iran unrest, high demand take crude oil near $68

Freezing weather in the United States has spurred short-term demand, especially for heating oil.

05 Jan 2018 2:32 AM

Brent crude futures - the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents.

Oil prices close to mid-2015 highs, but doubts over further rises loom

US oil production has risen by almost 16 per cent since mid-2016, hitting 9.75 million bpd at the end of last year.

03 Jan 2018 10:49 AM

Brent crude futures, the international benchmark, were also flat at around $66.80 after hitting a May 2015 high of $67.29 a barrel earlier in the day.

Oil makes best start to a year since 2014

US crude oil inventories have fallen by almost 20% from their highs.

03 Jan 2018 1:00 AM

According to experts, non-OPEC crude supply is expected to rise by 1.6 million barrel per day to 59.6mn bpd in 2018 as compared to a relatively modest increase of 0.6mn bpd in 2017, which was impacted by disruptions.

Non-Opec suppliers to raise output

Further, ramp-up of production from certain projects in Brazil, Canada, UK and Kazakhstan is expected to add the incremental barrels.

18 Dec 2017 12:41 AM

The growth in the eight core sectors during April-September this fiscal slowed down to 3.3 per cent as against 5.4 per cent in the same period last fiscal.

Infra output grows 5.2 per cent in September

The expansion in September is highest since April, when the core sectors’ growth stood at 2.6 per cent.

01 Nov 2017 5:05 AM

India on Monday received its first ever shipment of US crude oil with state-owned Indian Oil Corporation (IOC). Photo: Twitter| @IndianOilcl.

First shipment of US crude oil reaches India

Indian companies have also contracted 9 MMTPA of LNG from the US and the first shipment is expected to be delivered to India in January 2018.

03 Oct 2017 4:40 AM

First US oil shipment to India arrives at Paradip

MT New Prosperity, with a capacity to haul two million barrels of crude, left the US on August 19 and arrived at Paradip on Monday.

02 Oct 2017 5:07 PM

Petrol, diesel prices may come down by Diwali: Pradhan

Petroleum Minister adds prices of refinery oil went up because US floods curtailed oil production by 13 per cent.

19 Sep 2017 10:47 AM

Import of American crude oil has opened new vistas for India-US relationship. (Representational Image)

Import of American crude oil to open 'new vistas' in India-US relation

Consignments of American crude oil left the US shores between August 6-14 and is likely to reach India in late September.

17 Aug 2017 4:09 PM

Indian Oil Corp has received the government nod to buy one very large ship full of crude oil from the US every month this year.

IOC gets govt nod to buy US crude oil, continues to look at cheaper options

Shipping ministry has allowed India's largest oil firm to import one cargo of crude oil from US every month.

10 Aug 2017 2:31 PM

BPCL under next 5 year plan has set a target of Rs one lakh crore to be spent for all its expansion activities. (Representational image)

BPCL to venture into gas biz: CMD

BPCL clocked Rs 2.42 lakh crore revenue with a profit after tax at Rs 8,339 crore.

04 Aug 2017 12:40 PM

Revenue soared to Rs 129,418.11 crore in the quarter under review, from Rs 107,670.95 crore a year ago.

IOC Q1 net profit dips 45 per cent on lower refining margins

IOC sold 20.736 million tonne fuel in the domestic market and 1.772 million tonne abroad during Q1 of 2017-18.

03 Aug 2017 2:38 PM

Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure. (Representational image)

Natural gas may be included in GST, to benefit ONGC

GST paid on inputs and services used for producing natural gas can be set off against taxes on its sale.

27 Jun 2017 2:46 PM

In the first five months of 2017, India's oil imports from Iran still jumped about 64 per cent, the data showed.

India's oil imports from Iran plunge over gas field row

India plans to order about a quarter less Iranian crude due to a snub over development of Iran's Farzad B gas field.

15 Jun 2017 4:48 PM

Five petroleum items have been kept out of GST as they are considered cash cows.

Clamour grows to bring petroleum under GST; J&K fires 1st salvo

GST is perhaps the most significant tax reforms post independence and will revolutionise the entire indirect tax system.

22 May 2017 1:40 PM

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Krishna Shastri Devulapalli