Brent oil rises back above $80 as Iran sanctions loom
OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.
Oct 22, 2018, 12:30 PM IST
Brent oil hits four-year high ahead of Iran sanctions, but demand may stutter
Benchmark Brent crude oil futures rose to as much as $83.32 a barrel on Wednesday and were at $83.09 at 0335 GMT, still 36 cents, or 0.4 percent above their last close.
Oct 01, 2018, 15:10 PM IST
Brent oil hits $71 for 1st time since 2014 as dollar drops, US stocks decline
Analysts said that rising oil prices would likely start to have an inflationary effect.
Jan 25, 2018, 11:26 AM IST
OPEC production cut: Higher oil prices a risk to India's growth trajectory, says Pradhan
With oil cartel OPEC cutting production for the first time since 2008 leading to a surge in oil prices, India on Monday said higher rates will risk the country's growth trajectory and pitched for striking a balance between interests of producers and consumers.
Dec 05, 2016, 14:25 PM IST
Oil prices jump 8% as OPEC agrees first production cut since 2008
Oil prices jumped more than 8 percent on Wednesday to a five-week high as some of the world`s largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices.
Nov 30, 2016, 19:03 PM IST
Oil falls back from $50, but Indian basket regains this level
Oil fell back from $50 a barrel in early trade on Monday after Saudi Arabia hinted that the output freeze agreed upon by the OPEC cartel countries last month would be effected quite gradually.
Oct 10, 2016, 18:16 PM IST
Oil prices above $50, buoyed by US stock draw
Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks.
Jun 22, 2016, 06:33 AM IST
Brent oil pushes above $50 for first time in nearly seven months
Brent had climbed 34 cents to $50.08 a barrel by 0520 GMT, its highest since Nov. 4. It ended the previous session up $1.13, or 2.3 percent.
May 26, 2016, 12:27 PM IST
Oil hits 2016 high above $43 on producer meeting hopes
Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China.
Apr 12, 2016, 17:18 PM IST
IEA says worst may be over for oil price
The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks.
Mar 11, 2016, 23:44 PM IST
Oil loses nearly 4% as hopes over Saudi, Russia deal fade
Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.
Feb 17, 2016, 21:14 PM IST
Oil slumps again; US crude at 2003 low
Without any particular market-moving news but a persistent global crude oil glut, the oil market slid again Thursday, dragging US crude to its lowest price in nearly 13 years.
Feb 12, 2016, 04:18 AM IST
Oil prices fall near 2003 lows on oversupply, demand worries
Oil fell on Thursday, dipping back towards 12-year lows on persistent concerns about a supply overhang and the outlook for demand.
Jan 21, 2016, 18:46 PM IST
Oil heads towards $27 per barrel as IEA warns market could 'drown in oil'
Prices have crashed about 75 percent since mid-2014, hit by a perfect storm of a supply glut, weak demand, a slowing global economy and a strong dollar.
Jan 20, 2016, 13:11 PM IST
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 prices rise but stay near multi-year lows
Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will continue past next year.
Dec 09, 2015, 19:11 PM IST
Oil tumbles 7% as weak China data revives growth fears
Oil prices tumbled 7 percent on Tuesday and Brent futures fell back below $50 a barrel as weak Chinese manufacturing data revived concerns about global demand for petroleum.
Sep 01, 2015, 23:23 PM IST
Oil prices extend decline
Oil prices extended their decline on Friday with no sign of an end to a global supply glut.
Jul 31, 2015, 20:33 PM IST
Oil prices fall on oversupply concerns, weaker dollar support
Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in U.S. crude stocks and a weakening dollar.
Jul 29, 2015, 11:13 AM IST
Oil down 3% on dollar rally, ample supply worry
Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.
May 19, 2015, 23:27 PM IST
