Crude Oil | The Asian Age

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Saudi Arabia and non-Opec Russia have said they see a need for an extension to output reductions.

Oil prices to gain as supply cut brightens

The battle between bulls and bears is going on, says Expert.

20 May 2017 6:19 AM

Global benchmark Brent crude for July was down 31 cents at $51.74 a barrel by 11.13 GMT (7.13 am ET). US crude for June was down 24 cents at $49.09 a barrel.

Oil price may dip below $50

It’s under pressure after growth in Chinese manufacturing slowed faster than expected.

02 May 2017 6:06 AM

Crude production at 3.09 million tonnes was 0.9 per cent higher than 3.06 mt in March 2016.

March crude oil output gets ONGC lift, grows modestly

Oil production for the all of 2016-17 is 2.5 per cent lower than 36.94 mt a year earlier.

25 Apr 2017 10:23 AM

Despite Opec sticking to its pledge to cut, inventories have continued to rise.

Fuel prices may dip on global cues

Indian basket of crude oil fell from around $ 55 a barrel on March 1 to $ 50 per barrel on Monday.

15 Mar 2017 4:40 AM

There are other major import items like crude oil, gold and precious stones which cannot be produced indigenously or are used for re-exports. (Representational Image)

Import items must be given importance

Annualised imports of electronics goods grew at a 24.56 per cent in January, 2017.

06 Mar 2017 6:20 AM

US West Texas Intermediate (WTI) crude oil futures CLc1 were trading at $52.58 per barrel.

Oil prices edge up tighter supply outlook

OPEC to cut crude supplies from this month in an effort to end global oversupply that has dogged markets for over two years.

04 Jan 2017 10:15 AM

The decline was curbed by a weaker dollar and optimism that crude producers would abide by an agreement to limit output to prop up prices.

Rise in US crude inventories plunges oil prices

Libya hopes to add 270,000 barrels per day to its national production.

23 Dec 2016 1:27 AM

A weaker dollar makes greenback-denominated commodities including oil cheaper for holders of other currencies.

Oil prices up on weaker dollar, optimism on output cuts

Brent LCOc1 futures for February delivery climbed 17 cents to $54.63 a barrel, having previously finished 89 cents lower.

22 Dec 2016 7:59 AM

Analysts said they expected markets would likely remain tepid this week, with no fundamentals expected that could drive large price swings.

Oil prices steady in run-up to Christmas

International Brent crude oil futures down 1 cent from their last close at $54.91 a barrel.

20 Dec 2016 7:52 AM

The fuel prices are revised every 15 days, taking into account international prices of crude and the value of the rupee against the dollar.

Big hike in fuel prices expected

India deregulated the price of petrol in 2010 and that of diesel in 2014.

15 Dec 2016 2:34 AM

Oil producers will meet in Vienna on Saturday to see if non-OPEC countries will cut production to reduce a global supply glut that has pressured prices for more than two years.

Oil extends gains on hopes for non-OPEC output cuts

OPEC has agreed to slash production by 1.2 million bpd in the first half of 2017.

09 Dec 2016 7:35 AM

OPEC and non-OPEC oil producers will meet again this weekend in Austria's capital to discuss the details of last week's agreement.

Oil prices rise on US crude stock decline

International Brent crude futures were trading up 4 cents at $53.04 a barrel.

08 Dec 2016 11:34 AM

Brent futures slid $1.01 to settle at $53.93 a barrel, while US West Texas Intermediate (WTI) crude futures fell 86 cents to $50.93 per barrel.

Oil falls on output cut skepticism, OPEC output rise

Crude had surged more than 15 per cent in the four sessions since the November 30 OPEC meeting.

07 Dec 2016 7:43 AM

Non-OPEC producers are expected to agree to add an output cut of 600,000 bpd in Vienna on December 10.

Oil retreats on doubts OPEC cuts can ease glut

Brent crude settled at $54.94 a barrel, up 48 cents - or 0.88 per cent - before retreating to $54.22 a barrel.

06 Dec 2016 7:49 AM

Sale of Cotton started well at Rs 5,500 — Rs 6,000 per quintal but dropped to Rs 800.

Agriculture sector takes a hit

Price of cauliflower has fallen to Rs 5 while it sells at Rs 10 in retail.

05 Dec 2016 1:20 AM

US crude ended the week up 13 cents a barrel, after trading between $45.77 and $49.20 a barrel.

Oil down on strong dollar, OPEC uncertainty

Brent crude futures settled at $47.24 a barrel, down $1.76 or 3.59 per cent.

26 Nov 2016 10:07 AM

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil prices climb on expectation of OPEC output cut

International Brent crude oil futures were at $49.22 a barrel, up 10 cents.

23 Nov 2016 7:39 AM

In recent days, several OPEC members including Iran, along with non-member Russia, have suggested they were leaning toward a deal to limit output.

Oil prices climb on expectation of OPEC output cut

Brent crude futures LCOc1 settled at $48.90 a barrel, up $2.04, or 4.4 per cent.

22 Nov 2016 7:35 AM

Oil futures fell on Wednesday after an industry report showed an unexpected build in US crude stocks, paring some of their gains of nearly 6 percent from the session before. (Photo: Pixabay)

Oil prices fall after industry report shows stock build

US benchmark crude CLc1 was down 26 cents at $45.55 a barrel at 0208 GMT.

16 Nov 2016 9:23 AM

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