Crude oil futures up Rs 49 per barrel on overseas cues
Crude oil for delivery in May gained Rs 49, or 1.26%, to Rs 3,936 per barrel.
May 13, 2015, 11:48 AM IST
Oil prices retreat on strong dollar
The rebounding greenback makes dollar-priced oil more expensive.
May 11, 2015, 17:05 PM IST
'Govt needs contingency plan to tackle crude price volatility'
Oil prices rupee terms, prices have shot up by 11 percent from Rs 3,789.86 to Rs 4,203.94 per barrel.
May 10, 2015, 12:36 PM IST
Brent crude slips towards $66 on Saudi plan to halt Yemen bombing
Brent crude oil futures slipped by 8 cents to $66.37 a barrel by 0215 GMT, after touching a 2015 high of $67.10 on Monday.
May 05, 2015, 10:13 AM IST
Oil hits 2015 high on Yemen worry; US gasoline at November peaks
Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.
Apr 24, 2015, 01:48 AM IST
India makes first crude oil purchase for strategic reserve
Oil prices have almost halved in the past year due to excess global production, leaving traders looking for any signs of new demand to help absorb the surplus.
Mar 30, 2015, 20:51 PM IST
Oil falls more than $1 as Middle East supply fears ease
Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.
Mar 27, 2015, 16:53 PM IST
Oil price likely to stabilise at $50-60: Kuwait
World crude prices are expected to gain this year or at least stabilise at between USD 50 and USD 60 a barrel, Kuwaiti Oil Minister Ali al-Omair was quoted as saying.
Mar 08, 2015, 14:21 PM IST
Dollar rises as US core inflation climbs
The dollar firmed against other major currencies Thursday as US inflation data pointed to rising pressures that could ease the way for the Federal Reserve to up interest rates.
Feb 27, 2015, 04:54 AM IST
Oil prices fall on eve of US data
Brent North Sea crude for April delivery slid $1.23 to stand at $61.30 a barrel in London midday deals.
Feb 18, 2015, 18:37 PM IST
Oil prices drop as IEA predicts weak rebound
US benchmark West Texas Intermediate (WTI) for March delivery slipped 70 cents to $52.16 a barrel compared with Monday`s close.
Feb 10, 2015, 19:08 PM IST
Oil sector stares at Rs 16,000-cr inventory hit in Q3: Crisil
For oil marketing companies, the losses are partly offset by higher profit margins from retail sales of petrol and diesel after deregulation of prices.
Feb 09, 2015, 21:43 PM IST
Oil prices fall on market relief over Saudi policy
Oil prices fell on Monday, with US crude falling close to a nearly six-year low, as Saudi Arabia`s new King Salman moved to assuage fears of an unstable transition and any policy change in the world`s largest oil exporter.
Jan 26, 2015, 17:27 PM IST
India may see current account surplus after 7 years: Nomura
Thanks to a steep fall in global crude oil prices, India may report its first current account surplus in over seven years at 1.5 percent of GDP in the ongoing quarter, leading brokerage Nomura said Monday.
Jan 19, 2015, 19:20 PM IST
Rupee snaps five-day uptrend; down 4 paise at 62.18 vs US dollar
The Indian rupee on Wednesday snapped its five-day uptrend against the greenback, ending four paise lower at 62.18 on fresh dollar demand from banks and importers in view of fall in crude oil prices.
Jan 14, 2015, 18:06 PM IST
Crude price slump a boon for India, says RBI
The dramatic fall in global crude prices is a big boost for India as it can bring down the country's annual oil import bill by about USD 50 billion, RBI Deputy Governor Urjit Patel has said.
Jan 13, 2015, 17:03 PM IST
Govt to exempt ONGC, OIL from fuel subsidy payment this fiscal
Government is likely to exempt ONGC and Oil India Ltd from payment of fuel subsidy during the rest of the fiscal due to steep decline in global oil rates.
Jan 09, 2015, 14:10 PM IST
Market mayhem: Sensex suffers biggest one-day loss in 5.5 years
The 50-issue NSE Nifty stumbled by 251.05 points, or 3.00 percent, to end near 8,100-level at 8,127.35.
Jan 06, 2015, 17:58 PM IST
US oil price drops below $50 a barrel
Near 1630 GMT, US benchmark West Texas Intermediate for delivery in February briefly dipped to USD 49.95 a barrel, before rallying somewhat to USD 50.20 a barrel.
Jan 06, 2015, 13:08 PM IST
Wall St Weekahead: New year may mean new view on energy stocks
Last year was an ugly one for the US energy sector, and while the first trading day of 2015 pointed to continued weakness in oil, investors are starting to look to when the sector might start to recover.
Jan 03, 2015, 04:05 AM IST
