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US crude inventories likely saw a build for the second straight week, rising 200,000 barrels in the week ended March 30.

Oil prices slips on expectations for US crude stock build

Russian government comments on prospects for stepping up cooperation with OPEC.

4 April 2018 1:25 PM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Oil prices drop on oversupply concerns as OPEC output increased in...

OPEC hiked production by 70,000 barrels per day (bpd) to 32.64 million bpd, the most this year.

31 July 2018 10:22 AM IST

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

Iran offers India oil cargo insurance, ships to boost sales: sources

IOC is seeking to buy August cargoes from Tehran on similar terms, with Iran responsible for the delivery to Indian...

27 July 2018 2:26 PM IST

Organization of the Petroleum Exporting Countries President Suhail al-Mazrouei. (Photo: ANI)

Do not blame OPEC, oil producer group says of Trump criticism

Global oil prices LCOc1 have climbed steadily this year, helped by rising demand, and topped $80 per barrel in May.

10 July 2018 10:47 AM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Petrol, diesel prices hiked for fifth consecutive day

In Mumbai, petrol prices have been hiked from Rs. 83.52 on Sunday, to Rs. 83.75 per litre on Monday.

9 July 2018 11:13 AM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Oil prices fall after Trump demands OPEC 'reduce pricing now'

The escalating US-China trade row also cast a shadow over markets, as China warned it could introduce

5 July 2018 1:39 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 fall as Trump demands OPEC reduce pricing now'

OPEC together with a group of non-OPEC producers led by Russia started to withhold output in 2017 to prop up prices.

5 July 2018 9:45 AM IST

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

Oil prices climb on tightening US market

US crude inventories fell by 4.5 million barrels in the week to June 29 to 416.9 million barrels.

4 July 2018 8:51 AM IST

Irrespective of its current crisis, Dubai has developed a sustainable model under which the city flourishes when its neighbourhood is doing well.

Gulf dream is over, but Dubai holds out

Dubai has been going through a rough patch as slackening consumer demand broke the back of retail trade, the mainstay of...

2 July 2018 5:23 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 edge higher as OPEC hints at deeper output cuts

US West Texas Intermediate (WTI) crude CLc1 had gained 16 cents or 0.3 per cent to USD 52.97 a barrel.

16 Oct 2019 12:13 PM 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 extend losses as weak China data compounds US-China trade...

Brent crude futures LCOc1 fell 30 cents, or 0.5 per cent, to USD 59.067 barrel.

15 Oct 2019 9:29 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.

Saudi oil prices for Asia expected to jump in November after attack

Saudi Aramco officials as a matter of policy do not comment on the kingdom's monthly OSPs.

3 Oct 2019 10:54 AM IST