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A picture shows export oil pipelines at an oil facility in the Khark Island, on the shore of the Gulf. (AFP Photo)

Oil prices jump as US stockpiles grow less than expected

The official start of output cuts agreed between Organization of Petroleum Exporting Countries (OPEC) and other major...

1 May 2020 8:38 AM IST

Oil prices rise on early signs of slowing U.S. glut build. AFP Photo()

Oil prices rise after US crude storage build slows

U.S. Energy Information Administration data showed U.S. crude oil inventories grew by 9 million barrels last week to...

30 April 2020 8:42 AM IST

Oil jumps above $14 a barrel after massive sell-off. (AFP Photo)

Oil jumps above $14 a barrel after massive sell-off

The Oil Fund had sold its contracts due to expire in June to move into longer-dated holdings amid fears about storage...

29 April 2020 8:40 AM IST

Oil fell on Tuesday, adding to huge declines in the previous session. (AP/AFP Photo)

Oil prices slide as world runs low on storage capacity

The main concern is that there is nowhere to store all the oil that is not being consumed due to the drop in global...

28 April 2020 8:40 AM IST