Oil plummets to $29 per barrel, dragging world stocks lower
Oil prices plummeted to $29 a barrel on Friday on the impending resumption of Iranian oil exports into an already flooded market as international sanctions against the country are lifted, dragging equity indexes around the world sharply lower.
Jan 16, 2016, 12:32 PM IST
Asia shares hit 3-1/2-year lows as oil resumes fall
Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on edge.
Jan 15, 2016, 10:05 AM IST
Oil cheaper than water but why is petrol sold at Rs 60 per litre? Find our here
It is well-known that bottled water is being sold at Rs 15 - 20 in the country. The crude oil that reached India on January 7 cost Rs 12.6 per litre.
Jan 13, 2016, 18:54 PM IST
Oil down again to 12-year low; $30 handle looks more likely
Brent settled down 48 cents at $33.75, after sliding to a low of $32.16, a level last seen in April 2004.
Jan 08, 2016, 09:17 AM IST
Oil extends losses, nears $33 a barrel
Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.
Jan 07, 2016, 11:56 AM IST
Crude Sees An All Time Low
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Jan 07, 2016, 11:27 AM IST
Oil prices subdued in Asia
Oil prices remained weak in Asia on Tuesday on tepid economic data from Japan and indications that major crude exporter Saudi Arabia's 2016 budget is based on prices staying low.
Dec 29, 2015, 11:28 AM IST
Oil rises, WTI and Brent at parity ahead of US supply report
Oil prices rose in Asian trading hours on Wednesday after the US benchmark WTI overtook its European counterpart Brent in reaction to the lifting of a 40-year US crude exports ban.
Dec 23, 2015, 11:19 AM 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
Oil prices drop towards 11-year lows on glut fears
Brent crude fell by 3.4 percent below $37 a barrel for the first time since December 2008 and U.S. West Texas Intermediate (WTI), sank 2.5 percent below $35 a barrel.
Dec 14, 2015, 18:02 PM IST
Oil hits near seven-year low as global glut concerns persist
US crude fell to a near seven-year low on Thursday, as oversupply concerns persisted, and prices were seen as vulnerable to further weakness in the run up to year-end.
Dec 10, 2015, 21:56 PM IST
Oil prices near a 7-year low of $37 per barrel
Oil prices resumed their slide on Tuesday, with U.S. crude falling below $37 per barrel for the first time since early 2009, amid fears the world was running out of capacity to store crude as a global glut intensifies.
Dec 08, 2015, 19:35 PM IST
Oil prices edge up from near 7-year lows as China oil imports surprise
Crude prices edged away from nearly 7-year lows as China reported strong commodity imports despite economic weakness.
Dec 08, 2015, 13:29 PM IST
OPEC meets under oil supply glut cloud
OPEC gathers in Vienna this week to decide on whether to trim the cartel`s oil output faced with a global supply glut, sliding prices and weak demand growth.
Dec 02, 2015, 19:05 PM IST
Petrol prices cut by 50 paise/litre with effect from midnight; no change in diesel rates
Petrol price was last revised on September 1 when it was cut by Rs 2 per litre to Rs 61.20 in Delhi.
Oct 31, 2015, 17:54 PM IST
Oil prices drop as US stocked more crude than forecast
Crude prices fell Thursday as the US government said the country's commercial crude stockpiles rose faster than market expectations, adding to concerns about a supply glut.
Oct 16, 2015, 00:16 AM IST
Diesel price hiked by 95 paise per litre; no change in petrol rate
Diesel will cost Rs 45.90 per litre as against Rs 44.95 currently.
Oct 15, 2015, 19:09 PM IST
Cairn India seeks cut in cess on crude as oil prices halve
Cairn India has asked government to cut the cess levied on crude oil produced from its Rajasthan fields as the levy was taking away nearly a fifth of revenue at a time when oil prices have halved.
Oct 07, 2015, 17:20 PM IST
Oil prices returning to $80/barrel by 2020: OPEC
OPEC forecasts oil prices will grow by no more than $5 per barrel a year to reach $80 by 2020, with rival non-OPEC production growth slowing but not fast enough to fully clear the current oil glut, according to OPEC sources.
Sep 17, 2015, 23:30 PM IST
