Global Oil Consumption

India's oil import bill to fall 21.7% to $88 bn in FY16

India's crude oil import bill is likely to fall by 21.7 percent this fiscal to USD 88 billion on falling international oil prices, according to latest Petroleum Ministry estimates.

Jun 24, 2015, 18:05 PM IST

Oil prices drop as IEA predicts demand slowdown

US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.

Jun 11, 2015, 19:39 PM IST

Oil prices rise on hopes for China stimulus

Front month U.S. crude climbed 24 cents to $58.38 a barrel by 0320 GMT, after ending the previous session down 99 cents. Brent for June delivery rose 19 cents to $62.88 a barrel, having settled down 62 cents in the previous session.

Jun 09, 2015, 10:15 AM IST

Oil prices rise on strong Japan, Australia economic data

Brent futures were up 60 cents at $64.62 a barrel by 0310 GMT. U.S. crude prices were also up 60 cents at $58.59 a barrel.

May 20, 2015, 10:54 AM IST

Oil glut worsens as OPEC market-share battle just beginning - IEA

Global oil production exceeds demand by around 2 million barrels per day, or over 2%.

May 13, 2015, 13:55 PM IST