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Mr Putin said he expected the world oil market soon to be balanced.

Oil prices fall on pipeline restart, uncertainty over OPEC output cuts

Brent futures had fallen to $63.65 a barrel down 19 cents, or 0.3 per cent, from their previous close.

28 Nov 2017 5:55 AM GMT

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

Oil prices rise for first time in three days, but trade war drags

Brent crude futures had gained 47 cents, or 0.6 per cent, to $76.38 a barrel by 0441 GMT.

31 Oct 2018 6:08 AM GMT

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said. (Representational Image/AFP)

Oil prices drop as oversupply looms amid global market woes

The global benchmark is on course for a weekly loss of over 4 per cent.

26 Oct 2018 7:11 AM GMT

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 oil demand to rise by 5.8 million barrels per day by 2040: OPEC

Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.

16 Oct 2018 5:58 AM GMT

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

Saudi Arabia to supply extra oil to India in Nov as Iran sanctions...

Extra cargoes show Saudi's willingness to increase crude supply to make up shortfall once US sanctions on Iran start on...

10 Oct 2018 12:16 PM GMT

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 rise on signs that Iranian crude exports fall further

US West Texas Intermediate (WTI) crude futures were down by 24 cents, or 0.3 per cent, at $74.53 a barrel.

9 Oct 2018 5:13 AM GMT

The oil market is balanced in terms of supply and demand, Qatars Energy Minister Mohammed al-Sada said on Sunday. (Photo: AFP)

Oil market is balanced, says Qatar energy minister

Oil prices have been rising as US sanctions against Iran's crude exports are set to start next month.

8 Oct 2018 5:24 AM GMT

We protect Saudi Arabia. Would you say theyre rich. And I love the King, King Salman. But I said King - were protecting you - you might not be there for two weeks without us - you have to pay for your military, Trump said to cheers at a rally in Southaven, Mississippi. (Photo: AP)

Saudi King won't last in power without US support: Trump

Saudi Arabia is the world's top oil exporter and the de facto leader of OPEC, which has been criticized by Trump for...

3 Oct 2018 4:54 AM GMT

Prime Minister Narendra Modi (Photo: File)

India-led solar alliance will outshine OPEC, says PM Modi

'The role of the oil wells today will be that of the Sun's rays tomorrow,' PM Modi said at the meeting in New Delhi.

3 Oct 2018 4:07 AM GMT

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 near four-year high as Washington's Iran sanctions loom

Brent has risen by around 20 per cent from the most recent lows in August.

2 Oct 2018 5:41 AM GMT

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

Brent crude oil hits four-year high ahead of Iran sanctions

Brent was pushed up by the looming sanctions against Iran, which will start targeting its oil sector from Nov 4.

1 Oct 2018 3:45 AM GMT

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

Oil plunges nearly 8 per cent despite talk of output cut

Brent fell 11.3 per cent and WTI posted a 10.8 per cent decline, the largest one-week drop since January 2016.

24 Nov 2018 4:46 AM GMT