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Traders also pointed to the political and economic crisis in OPEC-member Venezuela as a driver for oil prices.

Oil prices rise amid broad market rally, OPEC supply cuts

Brent crude futures were at USD 66.75 per barrel, up 17 cents, or 0.3 per cent.

12 Mar 2019 8:35 AM

“We have grounded our aircraft, we have control over our aircraft, but we have not terminated the leases and we are waiting for the airline to approve all its restructuring with the State Bank of India,” said FLY Leasing CEO Colm Barrington. (Photo: PTI/File)

Jet Airways planes to be redeployed if no restructure agreed this month: lessor

The grounding of nearly one-quarter of the airline’s fleet has led to cancellation of hundreds of flights and complaints from customers.

08 Mar 2019 1:03 PM

US crude oil production has increased by more than 2 million bpd since early 2018, to an unprecedented 12.1 million bpd.

Oil prices slide on economic slowdown, surging US supply

WTI crude oil futures were at USD 56.32 per barrel, down 34 cents, or 0.6 per cent.

08 Mar 2019 10:42 AM

Brent crude futures were at USD 66.36 per barrel, up 37 cents, or 0.6 per cent.

Oil edges up on OPEC cuts, US sanctions against Venezuela and Iran

US crude oil production remained at a record 12.1 million bpd, an increase of more than 2 million bpd since early 2018.

07 Mar 2019 10:54 AM

US crude inventories rose by 7.3 million barrels in the week ending March 1 to 451.5 million.

Oil falls on rising US production, stockpile build

International Brent futures were down 55 cents, or 0.8 percent, at USD 65.31 a barrel.

06 Mar 2019 10:31 AM

US West Texas Intermediate (WTI) crude futures were at USD 56.07 per barrel, up 27 cents, or 0.5 per cent.

Oil rises on US, China trade deal hopes, OPEC's ongoing supply cuts

OPEC exports are off by over 1.5 million barrels per day (bpd) since November.

04 Mar 2019 12:19 PM

Oil rises on OPEC-led supply cuts, but economic weakness weighs

Traders said oil markets were currently tightening.

01 Mar 2019 12:36 PM

Traders said China’s weakening economy also weighed on oil prices.

Oil slides as US crude production hits record, Asia factory output weakens

WTI crude oil futures were at USD 56.92 per barrel, down 2 cents from their last settlement.

28 Feb 2019 10:23 AM

Oil advances as OPEC set to continue supply cuts despite US pressure to ease

International Brent crude futures were at USD 65.48 per barrel, up 27 cents, or 0.4 per cent from their last close.

27 Feb 2019 2:53 PM

The tender closes on March 27 and is valid for a day, the source added.

Indian Oil Corp seeks LNG cargo for April delivery: sources

The company is seeking the cargo for delivery into the port of Dahej on April 20, one of the sources said.

25 Feb 2019 2:02 PM

Two Indian-origin students in Singapore have developed a device which enables automated watering of plants.(Representational Image)

Indian-origin students develop device for automatic watering of plants in Singapore

Pratyush Bansal and Aekas Singh Gulati, class eight students at the Global Indian International School (GIIS) made the plant.

24 Feb 2019 2:21 PM

International Brent crude futures were at USD 66.87 per barrel at 0326 GMT, down 20 cents, or 0.3 per cent, from their last close.

Oil prices fall as US crude output hits record 12 million bpd

WTI crude oil futures were at USD 56.84 per barrel, down 12 cents, or 0.2 per cent

22 Feb 2019 10:14 AM

OPEC-member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia.

Oil near 2019 highs amid OPEC cuts, US sanctions

OPEC as well as some non-affiliated producers such as Russia agreed late last year to cut output by 1.2 mn barrels per day.

20 Feb 2019 11:00 AM

Traders said the slight downward correction was driven by concerns about the health of the global economy this year.

Brent oil eases from 2019 highs as markets await trade talks outcome

Brent crude oil futures were at USD 66.08 per barrel at 0220 GMT, down 42 cents, or 0.6 per cent from their last close.

19 Feb 2019 1:34 PM

Brent earlier climbed to USD 66.78 a barrel, the highest since November 2018.

Brent crude oil slips away from 2019 high after China reports car sales drop

At least partly offsetting the supply cuts has been a surge in US crude oil production by more than 2 million bpd in 2018.

18 Feb 2019 10:21 AM

US West Texas Intermediate (WTI) crude oil futures were at USD 52.78 per barrel at 0329 GMT, up 37 cents, or 0.7 per cent.

Oil prices rise on OPEC output cuts, as US sanctions bite

International Brent crude futures were up 50 cents, or 0.8 per cent, at USD 62.01 per barrel.

12 Feb 2019 10:24 AM

Saddled with debt of about USD 1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs. (Photo: File)

Jet Airways grounds four aircraft after failing to pay lessors

Jet Airways Ltd has grounded four aircrafts after failing to make payments to lessors.

08 Feb 2019 1:58 PM

International Brent crude oil futures were down by 26 cents, or 0.4 percent, at USD 62.43 per barrel.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

07 Feb 2019 10:28 AM

Finance Minister Piyush Goyal on Friday proposed an array of incentives for both middle-class and farmers. (Representational Image)

Interim Budget focused on rural and agriculture sector: DBS bank

Govt revised up the FY19 fiscal deficit at -3.4 per cent of the GDP vs -3.3 per cent in the budgeted estimate.

02 Feb 2019 12:17 PM

IOC chairman Sanjiv Singh had said earlier this month that the 5-million-tonnes-per-year Ennore terminal will likely be commissioned by January.

IOC seeks commissioning cargo for new Ennore LNG terminal: sources

The state-owned company is seeking a partial cargo for delivery on Feb 25, with offers due by Feb 11.

30 Jan 2019 10:36 AM

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Shobhaa De