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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

Up Untill a year ago, Russia and Saudi Arabia had virtually no dialogue at all.

Oil giants Russia-Saudi in new Axis of Love'

Meeting shows convergence of two big oil suppliers to manage oil price.

2 Jun 2017 3:31 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

Men watch TV, play games and drink tea while gathering at a tent in a winter camp close to Kuwaits border with Saudi Arabia. (Photo: AFP)

Nostalgic Kuwaitis turn to Bedouin roots in luxury tents under stars

Shimmari's camp is just one of many set up in Al-Julaia, around 70 km (45 miles) from the capital Kuwait City.

1 Feb 2017 5:51 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.

March crude oil output gets ONGC lift, grows modestly

Oil production for the all of 2016-17 is 2.5 per cent lower than 36.94 mt a year earlier.

25 April 2017 10:23 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.

Wrap-up: Home delivery of petrol, diesel likely

As many as 3.5 crore people currently visit 59,595 petrol pumps in the country for buying auto fuel.

23 April 2017 6:53 AM IST

European oil firms jumped more than two per cent on the oil surge and helped the pan-regional STOXX50 index add 0.2 per cent, having just had its best week in exactly five years.

Oil edges up, set for worst H1 performance in 20 years

Brent crude futures were at $45.31 per barrel up 9 cents or 0.2 per cent from their last close.

23 Jun 2017 10:47 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 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

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

Saudis order oil cuts to US, Europe before non-OPEC talks

Iraq and Kuwait have committed to cuts to their oil outputs of 210,000 bpd and 131,000 bpd respectively under the OPEC...

10 Dec 2016 12:29 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 extends gains on hopes for non-OPEC output cuts

OPEC has agreed to slash production by 1.2 million bpd in the first half of 2017.

9 Dec 2016 7:35 AM IST