PM Narendra Modi meets oil bigwigs to give fillip to investments
Modi emphasised on the need for taking a fresh look at the sector.
Jan 05, 2016, 15:42 PM IST
Oil prices edged up after recent losses
Oil prices edged up in Asia on Thursday, lifted by bargain-hunting following a sharp decline the day before, although analysts said the market remains hobbled by an oversupply of the commodity.
Oct 22, 2015, 09:51 AM IST
Oil prices plunge amid strong US dollar
Oil prices dropped on Tuesday as the stronger US dollar made the dollar-priced crude more expensive and less attractive for buyers holding other currencies.
Oct 20, 2015, 09:13 AM IST
Oil prices sustain rally
Buoyant oil prices sustained a rally in Asia on Wednesday driven by hopes the crude supply glut would ease and expectations the US central bank would hold off from raising interest rates.
Oct 07, 2015, 09:23 AM IST
Oil extends gains in Asia
The number of active rigs in the United States fell by 26 to 614 last week, the lowest in five years, helping ease concerns over the global crude oversupply that has depressed prices.
Oct 05, 2015, 09:25 AM IST
Oil prices fluctuate amid mixed data
Oil prices wavered as US crude data came in mixed.
Oct 01, 2015, 08:34 AM IST
Oil prices retreat in Asian trade
Oil prices retreated in Asia on Wednesday as traders focus on US crude stockpile report, a day after growing concerns over China`s economy sparked a massive sell-off in shares of commodity firms.
Sep 30, 2015, 09:34 AM IST
Oil prices edge up but Iran supply expectations cap gains
Oil prices edged up in Asian trade on Friday following a decline in US crude inventories, although heavier buying was tempered by expectations a return of Iranian crude into the market will further increase global supplies.
Sep 25, 2015, 09:34 AM IST
Watch: Japanese man shows how to convert plastic waste to oil
A video which has re-surfaced on social media shows how a Japanese scientist invents a magic machine that produces oil from waste plastic!
Sep 22, 2015, 19:22 PM IST
IIP, inflation data, monsoon key for markets this week: Experts
Data for industrial production for April and consumer price index (CPI) for May is scheduled to release on Friday.
Jun 07, 2015, 13:00 PM IST
Sour is the new sweet: OPEC's view of oil quality dilemma
The US shale oil boom is turning global crude pricing on its head with the historical notion that light grades shall be priced at a premium to heavy ones quickly disappearing, according to predictions from producer group OPEC.
May 28, 2015, 12:10 PM IST
China, India drive global energy needs, ex-OPEC official
The global energy industry has seen huge demand from two fast-growing major economies China and India even as consumption dropped in Europe.
Mar 12, 2015, 15:05 PM IST
Global oil demand estimated to have grown in 2014: OPEC
According to a report by UAE's official news agency Wam, quoting OPEC MOMR, the adjustment mainly reflects better-than-expected oil demand data from OECD America and China.
Feb 15, 2015, 16:11 PM IST
Diesel under-recovery declines steeply, deregulation imminent
This is the first time in over a decade that retail pump prices are almost in line with imported cost of the nation's most consumed fuel.
Sep 01, 2014, 13:02 PM IST
Oil prices up on US demand hopes
WTI surged $1.25 in New York Wednesday after the US Energy Information Administration (EIA) said reserves fell 7.5 million barrels in the week to July 11.
Jul 17, 2014, 08:54 AM IST
Losses on diesel sales fall to Rs 2.49 per litre
The difference between the cost of diesel production and the retail selling price had more than doubled to Rs 3.40 a litre in the first half of July.
Jul 16, 2014, 16:31 PM IST
Rupee down for fourth straight week, closes at 60.18 vs dollar
The partially convertible rupee ended at 60.1850/1950 per dollar versus its previous close of 60.08/09.
Jun 20, 2014, 18:02 PM IST
Crude prices rise in Asia on Iraq violence
The crisis has a direct bearing on crude prices because Iraq is the second-biggest oil exporter in the 12-nation OPEC after Saudi Arabia.
Jun 16, 2014, 09:13 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
British rate hike hint boosts sterling, Iraq unrest drives up oil
Bank of England Governor Mark Carney said that British interest rates could rise sooner than financial markets expect.
Jun 13, 2014, 15:36 PM IST
