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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.

Oil rises on US, China trade deal hopes, OPEC's ongoing supply cuts

OPEC exports are off by over 1.5 million barrels per day (bpd) since November.

4 March 2019 12:19 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

US oil shipments to China have surged, creating trade between the worlds two biggest powers that until 2016 just did not exist.

Saudi oil cuts deeper than promised: International Energy Agency

The Paris-based IEA said production by OPEC kingpin Saudi Arabia dropped to its lowest level in two years in March.

11 April 2019 6:11 PM IST

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

Oil edges higher amid tightening global supply, gains capped by...

US crude stocks rose by 4.1 million barrels in the week to April 5, to 455.8 million barrels.

10 April 2019 9:44 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

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

India's rising oil demand to support investments in refineries:...

The country's dependence on imported crude oil to meet its needs has risen to 83.7 per cent in 2018-19.

13 May 2019 2:24 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 prices mixed amid US-China trade impasse

Brent crude futures were at USD 70.73 a barrel, up 11 cents, or 0.2 per cent, from their last close.

13 May 2019 9:21 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.

Oil prices jump as US crude stocks fall, Middle East worries add...

Oil prices have been squeezing higher on escalating tensions in the Middle East.

26 Jun 2019 10:41 AM IST

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

Filling Iran oil gap in India: US supplies outshine Middle East crude

India bought about 184,000 barrels per day (bpd) oil from the United States over November 2018 to May 2019.

25 Jun 2019 12:10 PM IST