Lower crude prices to boost Asia-Pacific sovereigns: Moody's
In the December quarter alone crude prices have fell around 60 percent.
Feb 05, 2015, 17:58 PM IST
Govt to divest a stake in ONGC this fiscal: Minister
Government was to sell 5 percent of its stake in the country's biggest oil and gas producer ONGC to raise Rs 17,000-18,000 crore.
Jan 28, 2015, 12:45 PM IST
Nifty slips 24 points on profit-taking; downplays robust IIP data
Equities succumbed to fresh bout of profit-booking after a breathtaking three-day rally and the Nifty fell below the key 8,300-mark amid concerns over global growth and continuous slide in crude prices.
Jan 13, 2015, 23:04 PM IST
Oil falls below $56, heads for biggest annual drop since 2008
Oil dropped below $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured by weakening demand and a supply glut prompted by the U.S. shale boom and OPEC`s refusal to cut output.
Dec 31, 2014, 12:09 PM IST
US airlines confront cheap oil's flip side: Costly hedges
Some major US airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes.
Dec 23, 2014, 12:03 PM IST
Venezuela to slash budget after OPEC steadies output
Venezuelan President Nicolas Maduro ordered his government on Friday to slash the budget of his oil-dependent and economically-weak nation, as crude prices plunge after OPEC held output steady.
Nov 29, 2014, 05:39 AM IST
Oil down 2 percent as pre-OPEC talks don't lead to output cut
Oil tumbled 2 percent to near four-year lows on Tuesday in another volatile session as a meeting of Saudi Arabia and three other nations ahead of an OPEC summit ended with no deal to curb crude output.
Nov 26, 2014, 10:16 AM IST
Oil ends down after swinging on OPEC speculation; Brent below $80 per barrel
Crude prices ended lower, with Brent below $80 a barrel, after a volatile session on Monday as Russia`s offer to add to OPEC output cuts led some to bet the group will agree on a higher production cut than thought when it meets this week.
Nov 25, 2014, 09:56 AM IST
Oil resumes slide in Asian trade
Oil prices resumed their slide in Asian trade on Friday following a sharp rebound the day before as investors wait for more signs of economic growth in Europe.
Oct 24, 2014, 09:14 AM IST
Falling crude prices to have favourable impact: Mayaram
Finance Secretary Arvind Mayaram on Wednesday said declining crude oil price will have favourable implications for the country, but there was no need to be overly optimistic about it.
Oct 15, 2014, 17:05 PM IST
Brent at four-year low on global economy fears
Prices of both contracts have lost about a fifth of their value since hitting their 2014 peaks in June.
Oct 10, 2014, 12:46 PM IST
Softening crude prices to help meet fiscal deficit target
Moderating crude oil prices in the international market will help the government in meeting the current year's fiscal deficit target of 4.1 percent of GDP which was earlier described as a 'very difficult task' by Finance Minister Arun Jaitley.
Sep 22, 2014, 18:19 PM IST
Oil prices fall after weak Chinese data
US benchmark West Texas Intermediate for October delivery eased USD 1.06 to USD 91.21
Sep 15, 2014, 09:03 AM IST
Brent holds above $98 on Mideast concerns; oversupply worries cap gains
US crude fell 8 cents to $91.59 after falling to $91.22 in the previous day, the lowest since May 2, 2013.
Sep 11, 2014, 12:01 PM IST
Brent slips but holds above $100 on OPEC output cut hopes
Expectations of production cuts by the Organization of the Petroleum Exporting Countries come as Gulf Arab oil ministers gather on Thursday in Kuwait for an annual meeting which could include discussion about price levels.
Sep 09, 2014, 11:37 AM IST
Brent crude falls towards $102 as demand concerns outweigh Libya unrest
Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest in OPEC oil producer Libya kept losses in check.
Sep 02, 2014, 13:53 PM IST
Oil prices up in Asian trade
A decline in inventories typically indicates strong demand, sending prices higher.
Jul 16, 2014, 09:12 AM IST
Arun Jaitley says drought report is 'no cause to panic'
Speaking less than a week before his first budget speech to parliament, Jaitley said the government was worried that global crude prices would rise because of violence in Iraq.
Jul 04, 2014, 14:49 PM IST
India still worried about rising crude prices: Jaitley
India is worried about the impact of Iraq crisis on crude oil, though there were indications of moderation in prices in the last few days, Finance Minister Arun Jaitley said on Friday.
Jul 04, 2014, 12:15 PM IST
OPEC nations see no reason to alter oil output ceiling
OPEC, the oil producing cartel, will likely stick by its output ceiling at a meeting here, member nations on Wednesday indicated as they expressed satisfaction with current high crude prices.
Jun 11, 2014, 10:23 AM IST
