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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 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.

7 March 2019 10:54 AM IST

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.

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.

6 March 2019 10:31 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.

Indian consumers face post-election fuel price shock, economy could be...

India's oil import bill rose by nearly one-third in the fiscal year ending Mar 31 to USD 140.5 bn, against USD 108 bn.

27 April 2019 11:26 AM IST

Irans Foreign Affairs Minister Mohammad Javad Zarif met his Indian counterpart, Sushma Swaraj, in New York on the sidelines of United Nations General Assembly. (Photo: AP)

India to stop importing oil from Iran; make up lost volumes from...

India is likely to press with the US government for continuation of beyond its expiry on May 2.

23 April 2019 2:16 PM IST

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

US to end all waivers on imports of Iranian oil, crude price jumps

United States on Monday demanded that buyers of Iranian oil stop purchases by May 1 or face sanctions.

23 April 2019 12:12 PM IST

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

Oil prices extend losses despite surprise drop in US inventories

US West Texas Intermediate (WTI) crude futures were at USD 63.67 per barrel, down 9 cents, or 0.1 per cent.

18 April 2019 9:10 AM IST

Opec ministers from Saudi Arabia, the UAE, Kuwait and Algeria along with their counterpart from non-Opec Oman met unofficially in Kuwait on Saturday.

Oil prices extend losses as oversupply worries drag

US West Texas Intermediate (WTI) crude futures were at USD 63.32 per barrel, down 8 cents, or 0.13 per cent.

16 April 2019 10:57 AM IST

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

Oil slips from 5-month highs as economic worries counter tight market

International benchmark Brent futures touched their strongest level since last November at USD 71.34 per barrel.

9 April 2019 9:34 AM IST

Donald Trump has repeatedly criticised India for its high tariffs and last month raised the stakes with the withdrawal of a decades-old trade privilege. (Representational Image)

Highly gratified by cooperation from great friend' India on Iran: US

India, which has galloping energy needs, went out of its way to co-operate with the United States.

1 Aug 2019 10:27 AM IST

The oil giant said it plans to sell 1.5 per cent of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals.

Saudi Aramco tells Indian refiner it will get oil: source

Aramco has lost half of its production capacity after attacks on its facilities on Saturday.

16 Sept 2019 8:47 AM IST

Traders are now eyeing next months meeting between the OPEC and Russia to determine if the group would deepen output cuts to prop up prices.

Oil prices gain after bigger-than-expected fall in US stockpiles

Iran's oil exports were slashed by more than 80 per cent due to re-imposed sanctions by the United States.

11 Sept 2019 10:37 AM IST

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 falls for sixth day as China virus raises global growth, demand...

Oil investors are concerned travel advisories, other restrictions and any sizable impact on growth.

28 Jan 2020 11:41 AM IST