Crude Oil | The Asian Age

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The increase in international oil prices is a credit negative for the Indian economy.

Indian consumers face post-election fuel price shock, economy could be hit

India’s oil import bill rose by nearly one-third in the fiscal year ending Mar 31 to USD 140.5 bn, against USD 108 bn.

27 Apr 2019 11:26 AM

At the Multi Commodity Exchange, crude for delivery in May was trading lower by Rs 70, or 1.51 per cent, at Rs 4,567 per barrel. (Representational Image)

Crude oil futures fall by Rs 70 amid weak trend overseas

The oil for delivery in June also fell by Rs 64, or 1.37 per cent, to Rs 4,592 a barrel in 695 lots.

26 Apr 2019 4:15 PM

The production in 2017-18 was 35,684 TMT while the target for 2018-19 was pegged at 37,011 TMT, a statement issued by the Ministry of Petroleum and Natural Gas said. (Photo: Representational | PTI)

India's crude oil production falls by 4.15 pc in 2018-19

Falling domestic crude oil production has pushed up India’s oil imports to nearly 84 per cent of total consumption.

26 Apr 2019 12:00 PM

Sourcing from Iran increased to 12.7 million tonnes in 2015-16, giving it the sixth spot. (Photo: AP)

India to stop importing oil from Iran; make up lost volumes from alternate sources

India is likely to press with the US government for continuation of beyond its expiry on May 2.

23 Apr 2019 2:16 PM

OPEC, along with ally Russia and others, agreed to reduce output by 1.2 million bpd. (Representational Image)

US to end all waivers on imports of Iranian oil, crude price jumps

United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions.

23 Apr 2019 12:12 PM

Iran was the fourth-largest producer among the OPEC at almost 3 million barrels per day

Oil near 2019 highs after US ends all Iran sanction exemptions

WTI crude futures hit their highest level since October 2018 at USD 65.95 per barrel before edging back to USD 65.89.

23 Apr 2019 9:54 AM

Brent prices are likely to rise toward USD 86.29 a barrel, the highest price it reached in 2018, while WTI may climb to USD 76.41.

Oil prices soar by about 3 per cent as plans US end to Iran sanction waivers

Brent crude futures rose as much as 3.3 per cent to USD 74.31 a barrel, the highest since November.

22 Apr 2019 10:54 AM

Reliance said its price agreement with such sellers is at market price and payments are settled in cash or by product supply bilaterally between it and such sellers.

Not involved in any cash payment arrangement to Venezuela's PDVSA for oil: RIL

PDVSA is only the original physical supplier, as the crude oil originates in its export facilities

20 Apr 2019 2:54 PM

US crude inventories fell by 1.4 million barrels in the week to April 12, compared with analyst expectations for an increase of 1.7 million barrels.

Oil prices extend losses despite surprise drop in US inventories

US West Texas Intermediate (WTI) crude futures were at USD 63.67 per barrel, down 9 cents, or 0.1 per cent.

18 Apr 2019 9:10 AM

Aramco and Reliance were not available for comment outside business hours.

Aramco in talks for 25 pc of Reliance's refining, petrochemical units: Report

A minority stake sale could fetch around USD 10 billion to USD 15 billion.

17 Apr 2019 9:20 AM

OPEC and its allies including Russia, known as OPEC+, will meet in June to decide whether to continue withholding supply.

Oil prices extend losses as oversupply worries drag

US West Texas Intermediate (WTI) crude futures were at USD 63.32 per barrel, down 8 cents, or 0.13 per cent.

16 Apr 2019 10:57 AM

With positive performance by benchmark indices and increasing fund raising from the market, the size of the capital market in India also continued to expand during 2018-19, with the market capitalisation rising by over 6 per cent to over Rs 151 lakh crore. (Photo: File/PTI)

Indian capital market soars despite global, domestic headwinds

The Indian market benckmark indices improved on their own performance in the previous fiscal.

14 Apr 2019 5:49 PM

Stock markets would remain closed on Wednesday and Friday for Mahavir Jayanti and Good Friday, respectively.

Q4 earnings, macro data to drive markets in holiday-shortened week ahead: Analysts

Movement of crude oil, rupee and investment trend by overseas investors would also influence trading sentiment, analysts added.

14 Apr 2019 5:17 PM

US West Texas Intermediate (WTI) crude futures were at USD 63.78 per barrel, up 20 cents, or 0.3 per cent.

Oil prices firm amid OPEC supply cuts, US sanctions on Iran and Venezuela

China and India comprise nearly 55 per cent of global demand growth.

12 Apr 2019 10:27 AM

Brent and WTI crude oil futures have risen by 40 per cent and 30 per cent respectively since the start of the year.

Oil slips from 5-month highs as economic worries counter tight market

International benchmark Brent futures touched their strongest level since last November at USD 71.34 per barrel.

09 Apr 2019 9:34 AM

On Friday, the 30-share BSE Sensex jumped 177.51 points, or 0.49 per cent, to close at 38,862.23, while the broader NSE Nifty rose 67.95 points, or 0.59 per cent, to 11,665.95. Photo: File | PTI)

Elections, earnings to dictate market trend this week: Experts

Movement of the rupee, crude oil and foreign capital flows would also influence trading sentiment.

07 Apr 2019 11:35 AM

Saudi Arabia controls a 10th of global oil production, roughly on par with its main rivals - the United States and Russia.

Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC': sources

At the current price of USD 70 per barrel, the annual value of global oil output is USD 2.5 trillion.

05 Apr 2019 8:48 AM

The US benchmark rose USD 1.12, or 1.9 per cent, to USD 59.94 a barrel in the previous session.

Oil prices edge higher, but future demand concerns cap gains

Prices have risen more than 25 per cent this year, supported by supply curbs by the OPEC.

27 Mar 2019 12:00 PM

The trading sentiment dampened in futures trade after oil prices eased in Asian trade as concerns of a sharp economic slowdown outweighed supply disruption from OPEC's production cutbacks and US sanctions on Iran and Venezuela, analysts said. (Representational Image)

Crude oil futures slip 0.22 pc on weak global trend

At Multi Commodity Exchange, crude oil for delivery in April traded Rs 9, or 0.22 per cent, lower at Rs 4,066 per barrel in 7,452 lots.

25 Mar 2019 12:41 PM

OPEC scrapped its planned meeting in April, effectively extending supply cuts that have been in place since January until at least June.

Oil near 2019 highs on OPEC supply cuts, US sanctions

Brent crude oil futures were up 10 cents at USD 67.64 per barrel, also close to this year’s peak of USD 68.14 reached late last week.

19 Mar 2019 10:44 AM

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Shobhaa De