हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ

Brent crude

Brent oil slumps under $35 for first time since 2004

Brent oil prices tumbled Wednesday below $35 for the first time in 11.5 years, plagued by abundant oversupply and the ongoing row between key producers Iran and Saudi Arabia dimming prospects for production cuts.

Jan 06, 2016, 19:40 PM IST

Oil falls to $37, near 11-year low, as excess supply weighs

Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.

Dec 28, 2015, 21:26 PM IST

Oil hits 11-year low on glut worries

European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.

Dec 21, 2015, 13:36 PM IST

Global crude oil price of Indian basket falls to $34.20/barrel

The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 34.20 per barrel on Wednesday, compared to USD 34.25 per barrel on the previous publishing day.

Dec 17, 2015, 13:42 PM IST

US crude resumes decline as oversupply concerns return

US crude oil prices fell in early Asian trade, resuming their decline after strong gains on Monday snapped a six-day losing streak, on concerns about a global glut and mild winter demand.

Dec 15, 2015, 06:45 AM IST

Know how low oil prices affect Indian economy

Know how low oil prices will create favourable environment for the Indian economy...

Dec 15, 2015, 03:52 AM IST

Know why petrol price in India is so high despite oil in international market at 11-year low

Despite deregulation, prices of petrol and diesel in India are very high than that of international crude oil.

Dec 15, 2015, 00:17 AM IST

Watch: How falling crude oil prices affect Indian economy

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Dec 14, 2015, 16:09 PM IST

IOC to invest Rs 1.75 lakhs crore in expansion projects

IOC, India's largest oil firm, will invest Rs 1.75 lakh crore over the next seven years on expanding refinery capacity, building petrochemical plants and laying pipelines, a company official said.

Dec 13, 2015, 18:26 PM IST

Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm

Brent`s session low was $37.36 - barely a dollar above the$36.20 hit during the financial crisis. If it falls through that, it will go to June 2004 lows, when it traded at around $34 a barrel.

Dec 12, 2015, 00:59 AM IST

US crude oil holds near 2009 lows as global glut persists

US crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite an existing global glut.

Dec 11, 2015, 11:25 AM IST

Asia stocks head for weekly loss, China yuan hits 4-1/2-year low

Asian shares slumped on Friday, on track for a weekly loss as plunging crude prices heightened fears about receding global growth, while China`s yuan hit its weakest level in more than four years.

Dec 11, 2015, 11:18 AM IST

Oil prices drop as OPEC output rises; Brent below $40 per barrel

European benchmark Brent oil for January delivery shed 38 cents to $39.73 a barrel in London. It was Brent`s first close below the $40 line since February 2009.

Dec 11, 2015, 02:33 AM IST

OPEC says cheap oil to hit rival supply harder in 2016

OPEC forecast on Thursday that oil supply from non-member countries will fall more sharply next year, a development that would suggest its strategy reaffirmed last week of defending market share not prices is working.

Dec 10, 2015, 18:18 PM IST

Oil rises as US crude inventories dip, Japan machinery orders bounce

Oil prices rose on Wednesday as U.S. crude stocks dipped, while Japan posted rising machinery orders, lending the market support amid an ongoing supply glut that could see the market run out of onshore crude storage sites in the first quarter of 2016.

Dec 09, 2015, 13:33 PM IST