International Energy Agency sees low oil prices until 2020
Oil prices have bottomed out, are down more than 50 percent since the middle of last year.
Nov 10, 2015, 20:52 PM IST
'Markets may remain volatile; Bihar exit polls eyed'
Stock markets may see choppy trading this week and a slew of important quarterly earnings from Cipla, Tata Steel, SBI, ONGC and Tata Motors are likely to drive the sentiment, say experts.
Nov 01, 2015, 10:37 AM IST
Oil prices could rise from mid-2016 on falling supply: IEA
At a time of uncertainty created by the precipitous fall in oil prices and oversupply, the International Energy Agency (IEA) said on Monday that prices could go up from mid-2016 with supplies tightening due to a drop in investment and falling US output.
Oct 26, 2015, 18:02 PM IST
World Bank revises down forecast of oil prices to $52 for 2015
The World Bank Tuesday lowered its 2015 forecast for crude oil prices from USD 57 per barrel in its July report to USD 52 per barrel, a development that could bring in additional savings to the Indian treasury.
Oct 20, 2015, 18:28 PM IST
Oil prices rally on reported Russian moves
US benchmark West Texas Intermediate for delivery in November won USD 1.11 to USD 46.65 a barrel compared with Friday's close.
Oct 06, 2015, 03:16 AM IST
Oil price near 6.5-year low as China economy fears linger
Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.
Aug 26, 2015, 08:56 AM IST
Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years
US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.
Aug 21, 2015, 21:59 PM IST
Five key reasons behind falling oil prices
Here are the 5 key reasons of oil price decline.
Aug 20, 2015, 10:59 AM IST
Petrol price cut by Rs 1.27/litre, diesel by Rs 1.17
Petrol price was cut by Rs 1.27 per litre and diesel by Rs 1.17 a litre, with effect from midnight tonight.
Aug 14, 2015, 22:43 PM IST
Crude oil sinks again amid global supply glut
Crude oil prices fell again Friday as the main US futures contract concluded its sixth straight week of losses, in a market awash with worry about the global oversupply.
Aug 08, 2015, 02:55 AM IST
Jet Airways shares surge 19%; top gainer on BSE
Shares of Jet Airways were in huge demand Wednesday, soaring nearly 19 percent, in line with other airline stocks after crude oil prices in the international market dip to over 6-month lows.
Jul 29, 2015, 19:28 PM IST
Oil hits four-month low on China stocks tumble, supply worries
Crude oil futures hit four-month lows on Monday after a steep drop in China`s stock markets spread concerns about the economic health of the world`s biggest energy consumer, amid evidence of a growing crude glut.
Jul 28, 2015, 00:11 AM IST
World Bank raises forecast for 2015 global crude prices
The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the April to June quarter.
Jul 23, 2015, 10:55 AM IST
Govt to soon announce interest subvention scheme for exporters
Concerned over a continuous decline in exports, the government on Friday said it will soon announce an interest subsidy scheme for exporters.
Jul 17, 2015, 13:53 PM IST
India asks OPEC to stop charging premium from Asian buyers
Reiterating New Delhi's decade-old demand, Oil Minister Dharmendra Pradhan said the OPEC is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.
Jun 03, 2015, 22:03 PM IST
Oil market `comfortable` with violence risk: Saudi
Recent unrest in the Middle East and North Africa has little impact on oil prices because the market has become "comfortable" with risk, Saudi Arabia`s Oil Minister said Wednesday.
Jun 03, 2015, 18:32 PM IST
Future rate cuts depend on monsoon, crude prices: Rajan
Reserve Bank Governor Raghuram Rajan Tuesday said the future trajectory of the monetary policy will depend on monsoon, the way the government manages shocks, if any, emanating from it and crude prices.
Jun 02, 2015, 20:32 PM IST
South Korea inflation at 0.5%, deflation fears persist
South Korea`s inflation rate remained way below the central bank`s target range in May as low crude oil prices depressed consumer price gains, government data showed Tuesday.
Jun 02, 2015, 09:24 AM IST
Oil up more than 1% after US inventory drop
Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.
May 30, 2015, 10:13 AM IST
Crude oil futures firm up on overseas cues
WTI crude prices for June delivery rose 6 cents to USD 59.49 while Brent crude for July eased 14 cents to USD 66.13 a barrel in late-morning trade on the New York Mercantile Exchange.
May 19, 2015, 11:24 AM IST
