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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 extends gains amid Middle East tensions, US-China trade deal hopes

US West Texas Intermediate crude gained 44 cents, or 0.8 per cent, to USD 54.34 a barrel.

19 Jun 2019 8:46 AM IST

The latest incident comes after the US alleged that Iran used mines to attack four oil tankers off the nearby Emirati port of Fujairah last month. (Representational Image)

Saudi seeks oil supply protection as US and Iran face off

Thursday's tanker attacks in the Gulf of Oman exacerbated the antagonistic fallout from similar blasts in May that...

17 Jun 2019 8:19 AM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi energy minister says hopes to balance oil market before next...

OPEC was close to agreeing to extend a pact on cutting oil supplies beyond June.

15 Jun 2019 2:01 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 drop on signs global economy slowing amid trade disputes

Oil prices are being pressured by ongoing worries about demand as the US-China trade war.

9 July 2019 9:49 AM IST

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

Oil set for biggest weekly gain since July on trade dispute hopes

WTI futures, slumped last week by nearly 2 million barrels to their lowest since December.

30 Aug 2019 11:09 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 gains, led by US crude, as recession worries ease

Crude oil prices have fallen about 20 per cent from 2019 highs reached in April.

28 Aug 2019 11:54 AM IST

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

Oil prices edge down as traders weigh slowing demand against supply...

Brent crude futures LCOc1 were down 11 cents or 0.2 per cent, from the previous settlement.

13 Aug 2019 8:37 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 prices climb as positive China factory data eases demand concerns

World's top oil exporter Saudi Arabia has restored capacity to 11.3 million barrels per day.

30 Sept 2019 9:26 AM IST

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

Oil prices will ease if global tensions do not flare up: Pradhan

The price of crude oil has already reduced by a few dollars per barrel, Pradhan said.

23 Sept 2019 11:42 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 more than 1 pc as market awaits response to Saudi oil...

The company has not given a specific timeline for the resumption of full output.

17 Sept 2019 10:33 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

OPECs output recovered in October from an eight-year low after a rapid rebound in Saudi Arabias production from attacks on its oil infrastructure.

Oil hits six-week high on hopes of extended OPEC output cuts

In the United States, crude stockpiles are likely to have fallen for a fourth consecutive week last week.

10 Sept 2019 10:48 AM IST