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The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

OIL profit dips 96 pc on royalty payments, lower gas price

Company will invest Rs 4,290 crore in current fiscal as against a capex of Rs 4,336 crore in the previous year.

30 May 2017 9:55 AM IST

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

Oil steady after gains on Saudi output cuts

Saudi Arabia has been curbing oil output in January by at least 486,000 barrels per day (bpd) to 10.058 million bpd.

6 Jan 2017 7:48 AM IST

OPEC and non-OPEC oil producers will meet again this weekend in Austrias capital to discuss the details of last weeks agreement.

Oil prices edge up tighter supply outlook

OPEC to cut crude supplies from this month in an effort to end global oversupply that has dogged markets for over two...

4 Jan 2017 10:15 AM IST

Oil and Natural Gas Corporation or ONGC is a state-owned entity.

Oil prices rise as markets eye on production cuts

Non-OPEC member Russia's oil production in December remained unchanged at 11.21 million bpd.

3 Jan 2017 8:17 AM IST

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

India's oil imports from Iran plunge over gas field row

India plans to order about a quarter less Iranian crude due to a snub over development of Iran's Farzad B gas field.

15 Jun 2017 4:48 PM IST

Oil Minister Dharmendra Pradhan

Saudi Aramco seeks exclusive talks over India oil refinery stake:...

Country's top refiner Indian Oil Corp will initially hold a 50 per cent stake in the project.

15 Jun 2017 11:33 AM IST

Reserve Bank Governor Urjit Patel

Urjit Patel flagged concern over rising oil prices at MPC meet

Projections indicate that inflation prints are likely to stay above target from here on.

21 Dec 2017 11:01 AM IST

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

A week on, petrol/diesel prices dip in daily revision

Petrol price was at Rs 65.48 a litre on June 16 in Delhi and today it costs Rs 63.71 per litre.

25 Jun 2017 2:08 PM IST

OPEC and non-OPEC oil producers will meet again this weekend in Austrias capital to discuss the details of last weeks agreement.

Oil prices steady in run-up to Christmas

International Brent crude oil futures down 1 cent from their last close at $54.91 a barrel.

20 Dec 2016 7:52 AM IST

Experts believe the market this week is likely to be range bound largely owing to lack of any major domestic as well as global cues.

Global cues, oil prices to dictate market trend

India is likely to underperform in the near term as the strengthening dollar and the rising oil price.

18 Dec 2016 4:10 PM IST

OPEC and non-OPEC oil producers will meet again this weekend in Austrias capital to discuss the details of last weeks agreement.

Oil prices fall on profit taking, strong dollar

A strong dollar makes greenback-denominated commodities including oil more expensive for holders of other currencies.

23 Dec 2016 7:41 AM IST

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

Oil prices up on weaker dollar, optimism on output cuts

Brent LCOc1 futures for February delivery climbed 17 cents to $54.63 a barrel, having previously finished 89 cents...

22 Dec 2016 7:59 AM IST