The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd to global supply
30 Jul 2020 8:56 AM
Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three months since May
13 Jul 2020 9:02 AM
The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week
07 Jul 2020 9:04 AM
Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to record low last week
29 Jun 2020 8:50 AM
Oil prices have also been supported by a recovery in fuel demand globally following a collapse in April-May during coronavirus shutdowns
22 Jun 2020 8:58 AM
Saudi Arabia is proposing to extend record cuts from May and June until the end of the year, but has yet to win support from Russia
01 Jun 2020 9:11 AM
OPEC+ countries are set to meet again in early June to discuss maintaining their supply cuts to shore up prices
26 May 2020 8:42 AM
A bleak economic outlook from the U.S. Federal Reserve put downward pressure on oil prices
20 May 2020 9:16 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
Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions
06 May 2020 8:42 AM
United States is reducing output as well and other countries are taking estimated cut in production to about 19.5 million barrels per day
14 Apr 2020 11:27 AM
The country buys over two-thirds of its oil, mostly from the Middle East, making it most vulnerable to any rise in oil price.
17 Sep 2019 1:22 AM
The prime minister said crude oil prices at a four-year high was hurting global growth.
15 Oct 2018 5:49 PM
The company said in a stock exchange filing that its revenue from operations rose to Rs 27,212.83 crore.
02 Aug 2018 5:39 PM
Agricultural commodities, including food commodities and raw materials, are anticipated to see a price rise of over two per cent this year.
25 Apr 2018 1:58 PM
IMF said economic growth in these countries bottomed out to around half a per cent in 2017.
31 Oct 2017 1:18 PM