Oil falls below $66 as OPEC trims 2015 demand forecast
Brent crude oil slipped below $66 a barrel on Wednesday, just above a five-year low, as producers forecast lower demand for their oil next year.
Dec 10, 2014, 18:29 PM IST
Oil market plumbs new five-year lows
Crude futures have now slumped by about 40 percent since June, faced also with cheaper oil being extracted from North American shale rock.
Dec 05, 2014, 23:56 PM IST
Oil producers pump more while urging OPEC cut: Kuwait
Kuwait on Wednesday accused oil-producing countries that had urged OPEC to cut its output, in a bid to curb sliding prices, of doing the opposite by pumping more crude.
Dec 03, 2014, 20:43 PM IST
China strikes rich from falling oil prices
Reaping rich dividends from its Central Asia gas pipelines and falling oil prices, energy- hungry China has not only ensured its energy security but is set to save a whopping USD 30 billion from its oil bills this year, besides USD 47 billion worth of trade gains.
Nov 30, 2014, 18:26 PM IST
Oil hits new four-year low post OPEC as glut looms
The sell-off continued on Friday with Brent reaching a low of $71.12, its weakest since July 2010. By 0945 GMT, Brent had recovered a little to trade around $71.90, down 68 cents.
Nov 28, 2014, 16:13 PM IST
Brent near four-year low after OPEC decides against output cut
OPEC`s decision, which came after Saudi Arabia blocked calls from poorer members of the Organization of the Petroleum Exporting Countries to cut, led to a rout in oil prices on Thursday.
Nov 28, 2014, 08:21 AM IST
OPEC holds oil output level, triggering price collapse
OPEC on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a fresh collapse in crude prices.
Nov 27, 2014, 22:21 PM IST
Gulf states seek to block OPEC oil output cut
Gulf oil producers led by Saudi Arabia looked set on Thursday to block any cut in OPEC output, ignoring calls from poorer members of the exporters` group for action to halt a slide in crude prices.
Nov 27, 2014, 20:10 PM IST
Oil tumbles more than $6 to 4-year low as OPEC keeps output high
Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets.
Nov 27, 2014, 18:53 PM IST
Oil extends losses ahead of key OPEC meeting
The 12-nation Organization of the Petroleum Exporting Countries will hold one of its toughest and most significant meetings in recent years in Vienna later on Thursday.
Nov 27, 2014, 09:03 AM IST
Oil prices likely to fall further: IEA
The International Energy Agency (IEA) is maintaining its forecast of a weak increase in global oil demand this year, pointing out that the demand might increase slightly in 2015.
Nov 15, 2014, 14:21 PM IST
Brent oil hits four-year low below $80, awaits OPEC
Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world`s biggest energy consumer and Saudi Arabia remained silent about a possible cut in production.
Nov 13, 2014, 19:04 PM IST
Brent oil slips towards $81/barrel, near four-year low
Brent crude slipped near $81 a barrel on Wednesday, hovering just above a four-year low as the growing oil glut created by the US shale boom continued to outweigh concerns about supplies from Libya.
Nov 12, 2014, 18:01 PM IST
More petrol, diesel prices cut likely as crude dips to $80 a barrel
Following the recent multiple reductions in petrol rates and deregulation of diesel prices last month, fuel consumers can look forward to more price cuts as Brent crude oil Tuesday fell to its lowest in four years at $82 a barrel after Saudi Arabia cut sale prices to the US.
Nov 05, 2014, 00:32 AM IST
Oil swoons 3% to a four-year low; eyes on Saudi US discount
Brent crude oil fell to a more than four-year low near $82 a barrel on Tuesday, after top oil exporter Saudi Arabia cut sales prices to the United States.
Nov 04, 2014, 18:07 PM IST
Oil hits two-year low under $96 as Libyan output returns
Brent crude oil futures dropped below $96 a barrel on Wednesday to a two-year low as rising supply from Africa and Iraq offset mounting tensions in the Middle East and stronger-than-expected growth expectations in China.
Sep 25, 2014, 03:07 AM IST
Oil hits 26-month low under $97 on weak China data
Brent crude oil fell below $97 per barrel on Monday to its lowest in more than two years as lacklustre economic data from China, the world`s top energy consumer, cast a shadow over the outlook for oil demand at a time of abundant supply.
Sep 15, 2014, 21:21 PM IST
Brent slides to new 17-month low under $98
World oil prices tumbled Wednesday, with Brent hitting a new 17-month low after the OPEC oil cartel trimmed its oil demand growth forecasts.
Sep 11, 2014, 00:19 AM IST
