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Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Oil prices extend losses as weak China data compounds US-China trade...

Brent crude futures LCOc1 fell 30 cents, or 0.5 per cent, to USD 59.067 barrel.

15 Oct 2019 9:29 AM IST

Indian purchases of Iranian crude increased from 12.7 million tonnes in 2015-16 to 27.2 mt the next fiscal. Today, Iran is Indias third largest oil supplier after Iraq and Saudi Arabia. (Representational Image | AP)

Iran says despite US sanctions, it has found new 'potential' oil...

Washington seeks to bring Iranian oil exports to zero in order to curb Tehran's missile and nuclear programs.

5 Jan 2019 3:01 PM IST

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

Oil prices set for biggest first-quarter gain since 2009 on US...

Brent crude oil futures were up 30 cents, or 0.4 per cent, at USD 68.12 per barrel.

29 March 2019 11:16 AM IST

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

US aims to cut Iran oil exports to under 1 mn bpd from May: sources

US officials were constantly assessing global oil markets to determine the way forward with Iran sanctions waivers.

14 March 2019 10:16 AM IST

Saudi Aramco will take full ownership and integrate the refinery into its growing downstream portfolio.

Aramco Trading sells first US West Texas Light crude to Hyundai:...

ATC is key to Saudi Aramco's strategy as it expands its refining and petrochemical operations to boost global sales.

28 Aug 2019 1:02 PM IST

Saudi Arabia has temporarily halted production at two Aramco oil facilities that were attacked by Yemeni rebels, interrupting about half of the companys total output, the energy minister said on Saturday. (Photo: screengrab)

US seeks UN action on Saudi attacks despite likely Russian opposition

The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in...

18 Sept 2019 1:32 PM IST

Drone attacks targeted two major Saudi Aramco processing facility and oilfield in eastern Saudi Arabia Saturday, the Interior Ministry said, sparking a huge fire at one of the sites before dawn. (Photo: File)

Saudi Arabia says oil output hit by drone attack to be restored by...

Riyadh pumps some 9.9 million barrels per day (bpd) of which around 7.0 million bpd are exported, mostly to Asian...

18 Sept 2019 8:52 AM IST

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

Oil extends gains, buoyed by Iran sanction worries

US crude production jumped 260,000 barrels per day (bpd) to a record high of 10.26 million bpd in February.

1 May 2018 10:41 AM IST

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

Arab oil ministers stress need for continued OPEC, non-OPEC...

Russia and several other producers agreed to cut output by about 1.8 million barrels per day.

4 Jun 2018 8:59 AM IST

Last month India took in 2 million barrels of Iranian crude for the SPR stocks, and another 4 million barrels is expected to be shipped in November.

Iran replaces Saudi Arabia to become top oil supplier to india

Iran produces almost 4 million bpd of oil and exports 2.4 million bpd.

17 Nov 2016 4:05 PM IST

European oil firms jumped more than two per cent on the oil surge and helped the pan-regional STOXX50 index add 0.2 per cent, having just had its best week in exactly five years.

Higher costs forced Saudis to accept oil supply cut

Riyadh realised it required huge capital spending to extract more oil.

16 Dec 2016 6:17 AM IST