OPEC agrees modest oil output curbs in first deal since 2008
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group`s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Sep 29, 2016, 11:18 AM IST
Oil prices fall further on oversupply fears
US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.
Aug 10, 2015, 10:45 AM IST
Oil market jumps on hopes of easing global supply glut
World oil prices shot higher Wednesday on forecasts that US shale production would likely drop and help ease a global supply glut, analysts said.
Apr 15, 2015, 19:05 PM IST
OPEC move to keep oil output target sparks price slump
OPEC on Thursday decided against cutting the amount of oil it produces despite a glut in global supplies, triggering a five-dollar collapse in crude prices.
Nov 28, 2014, 00:01 AM IST
India watchful of Iraq crisis, no need to panic: Mayaram
The government is cautious about the crisis in Iraq, which is the second-largest oil supplier after Saudi Arabia.
Jun 14, 2014, 13:12 PM IST
