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Union minister Nitin Gadkari said development work worth Rs 5 lakh crore would be started in Maharashtra. (Phptp: Debasish Dey)

Country facing 'economic crisis' due to crude oil imports: Gadkari

Rising international oil prices are inflating domestic transport fuel costs in a strong demand environment.

4 Oct 2018 4:23 PM IST

Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)

Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos...

Excise duty cut would have an impact of Rs 10,500 crore on central government's tax revenues.

4 Oct 2018 3:49 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil near four-year high as Washington's Iran sanctions loom

Brent has risen by around 20 per cent from the most recent lows in August.

2 Oct 2018 11:11 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Brent crude oil hits four-year high ahead of Iran sanctions

Brent was pushed up by the looming sanctions against Iran, which will start targeting its oil sector from Nov 4.

1 Oct 2018 9:15 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil plunges nearly 8 per cent despite talk of output cut

Brent fell 11.3 per cent and WTI posted a 10.8 per cent decline, the largest one-week drop since January 2016.

24 Nov 2018 10:16 AM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Aviation, oil marketing cos rise on lower global crude oil prices

Shares of aviation and oil marketing companies surged up to 6 per cent on Wednesday.

21 Nov 2018 6:04 PM IST

Petroleum ministry has been demanding to bring petrol and diesel on GST to give relief to consumers from high prices.

Little respite from high fuel costs despite falling crude oil prices

Petrol is being retailed at Rs 77.56 a litre and diesel at Rs 72.31 per litre in Delhi.

13 Nov 2018 10:47 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

India to win US waiver for oil

Sources, however, said no final decision has been made and an announcement is likely just before sanctions on Iran are...

2 Nov 2018 1:31 AM IST

Mr Putin said he expected the world oil market soon to be balanced.

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 IST

Mr Putin said he expected the world oil market soon to be balanced.

Iran unrest, high demand take crude oil near $68

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

5 Jan 2018 2:32 AM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

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.

3 Jan 2018 10:49 AM IST

Crude oil output registered a growth of 0.1 per cent during the month under review as compared to a contraction of 4.1 per cent in September 2016.

Oil makes best start to a year since 2014

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

3 Jan 2018 1:00 AM IST