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Reliance Industries plans to shut oil and gas production at its main fields in KG-D6 block in the coming months.

Asia oil thirst tab USD 1 trillion a year as crude rises to USD 80

Oil prices have gained 20 per cent since January to just shy of $80 per barrel, a level not seen since 2014.

17 May 2018 11:48 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.

Oil near Nov 2014 highs firm as markets tighten amid OPEC cuts

Brent crude futures LCOc1, the international benchmark for oil prices, were at $78.37 per barrel.

15 May 2018 8:18 AM IST

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

Oil ebbs from multi-year highs on surge in US drilling

Brent and WTI last week reached their highest since November 2014 at $78 and $71.89 per barrel respectively.

14 May 2018 9:05 AM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

India's oil import bill to jump by 25 per cent in FY'18

India had imported 213.93 million tonnes (MT) of crude oil 2016-17 for USD 70.196 billion or Rs 4.7 lakh crore.

26 March 2018 2:38 PM IST

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

Oil prices fall as increased US drilling points to higher output

US crude oil production has risen by more than a fifth since mid-2016, to 10.38 million barrels per day.

19 March 2018 10:21 AM IST

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

Oil shines, shares rattled as Trump dumps Iran nuclear deal

Iran produces about 3.8 million barrels per day (bpd), or about 4.0 per cent of the world's oil supplies.

9 May 2018 8:33 AM IST

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

Oil prices fall as market awaits Trump decision on Iran

WTI crude futures CLc1 fell 63 cents, or 0.9 per cent, to $70.10 a barrel.

8 May 2018 8:17 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 prices fall on rising US crude inventories, record production

Brent crude oil futures LCOc1 were at $73.04 per barrel, down 32 cents, or 0.4 per cent, from their last close.

3 May 2018 8:48 AM IST

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 prices rise on Iran sanction worries, despite surging US supplies

Brent crude oil futures LCOc1 were at $73.25 per barrel at 0020 GMT, up 12 cents, or 0.2 per cent.

2 May 2018 9:32 AM IST

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

Oil extends gains, buoyed by Iran sanction worries

US crude production jumped 260,000 barrels per day (bpd) to a record high of 10.26 million bpd in February.

1 May 2018 10:41 AM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI: Assocham

May inflation likely to hit four-month high on oil price surge: report

Consumer price inflation is likely to have accelerated in May, due in large part to a rise in fuel inflation.

11 Jun 2018 11:24 AM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

GST won't stop oil price fluctuations: Economic advisor

GST will not prevent price fluctuations as India is a massive importer of crude.

11 Jun 2018 9:11 AM IST