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The growth of eight core sectors slowed to 3-month low of 4.1 per cent in March due to weak performance in as many as six sectors including coal, crude oil and natural gas.

Oil rises on Iran sanctions, lower US fuel inventories

US commercial crude inventories fell by 2.6 million barrels in the week to August 24, to 405.79 million barrels.

30 Aug 2018 1:49 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 stable as US-China trade row weighs, Iran sanctions cut supply...

OPEC member Iran has exported around 2.5 million barrels per day of crude oil so far this year.

27 Aug 2018 9:17 AM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Oil prices rise on Iran sanctions, but US-China row mutes trading

Brent crude oil futures LCOc1 were at $75.07 per barrel at 0424 GMT, up 34 cents, or 0.5 per cent.

24 Aug 2018 10:39 AM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Saudi Arabia aims to keep crude in USD 70 to USD 80 band: sources

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

5 Sept 2018 9:41 AM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Oil prices claw back on supply concerns though but demand worries drag

Brent crude was up 8 cents, or 0.1 per cent, at $78.26 a barrel by 0338 GMT, after falling 2 per cent on Thursday.

14 Sept 2018 10:51 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.

Fiscal incentives for projects to improve oil recovery

Conventional oil and gas fields see output decline and recovery rate drop as they age.

13 Sept 2018 10:04 AM IST

Prime Minister Narendra Modi on Sunday said the challenge now before the government is to take the economic growth rate to double digits, for which many important steps would have to be taken. (Photo: ANI/Twitter)

PM Modi calls high-level emergency meet on Saturday to review economy

Free-fall of rupee and relentless hike in oil prices top agenda of Saturday meeting with Finance Minister and RBI...

13 Sept 2018 9:39 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.

Iraq replaces Saudi as top oil supplier to India in August: report

Overall India's monthly oil imports in August rose 3.1 per cent to about 4.7 million barrels.

11 Sept 2018 9:19 AM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil down on strong dollar, OPEC uncertainty

Brent crude futures settled at $47.24 a barrel, down $1.76 or 3.59 per cent.

26 Nov 2016 10:07 AM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil prices climb on expectation of OPEC output cut

International Brent crude oil futures were at $49.22 a barrel, up 10 cents.

23 Nov 2016 7:39 AM IST

The dollar rose to 110.71 yen from 110.43 yen on Monday.

Asian stocks soar with oil, Tokyo rebounds after quake

Japan's Nikkei rebounded to end the morning slightly up and at its highest mark since January.

22 Nov 2016 8:57 AM IST

In recent days, several OPEC members including Iran, along with non-member Russia, have suggested they were leaning toward a deal to limit output.

Oil prices climb on expectation of OPEC output cut

Brent crude futures LCOc1 settled at $48.90 a barrel, up $2.04, or 4.4 per cent.

22 Nov 2016 7:35 AM IST