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A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Indonesia asks India to cut palm oil tariffs in exchange for sugar...

Jakarta asked for a 5 percentage point cut in India's import tax to match the tariff of 45 pc New Delhi charges on...

23 Feb 2019 4:10 PM IST

US crude inventories likely saw a build for the second straight week, rising 200,000 barrels in the week ended March 30.

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 IST

Reliance Industries plans to shut oil and gas production at its main fields in KG-D6 block in the coming months.

Oil hovers near 2019 highs amid OPEC cuts

Oil prices have been driven up this year by supply cuts led by the Organisation of the OPEC.

21 Feb 2019 4:34 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 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...

20 Feb 2019 11:00 AM IST

Reliance Industries plans to shut oil and gas production at its main fields in KG-D6 block in the coming months.

Oil & gas prospects looking up: Technip

According to Balvalli, the current major challenge the Modi government faces is to ensure internal energy security.

20 Feb 2019 2:43 AM IST

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

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 IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

IOC signs USD 1.5 billion deal to buy US crude oil

This is the first term contract finalised by any Indian PSU oil company for import of US origin crude oil grades.

18 Feb 2019 5:12 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.

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

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

18 Feb 2019 10:21 AM IST

The countrys foreign exchange reserves hit a life-time high of USD 424.361 billion after rising by USD 1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said on Friday.

FPIs pour Rs 5,300 cr into equities in Feb so far

The infusion into the equity market comes following a pull-out of Rs 5,264 crore by foreign portfolio investors (FPI) in...

17 Feb 2019 11:13 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.

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 IST

We expect the global leaders will understand our requirements, Petroleum Minister Dharmendra Pradhan said.(Photo: File | PTI)

UAE keen to invest in refining, petrochem projects, store oil in India

India has a refining capacity of 247 million tonnes, which exceeded the demand of 202 million tonnes.

11 Feb 2019 2:59 PM IST

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

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.

7 Feb 2019 10:28 AM IST