Spike in OIL price is BREAKING India's back: EAM S Jaishankar in US
Surge in international oil price: External Affairs Minister S Jaishankar on Tuesday said that India is deeply concerned about the price of oil since it is a USD 2,000 per capita economy. The surge in oil price is breaking India's back and it remains a big concern, he said in the US.
Sep 27, 2022, 23:28 PM IST
Oil prices surge to 6-month high after attacks on Saudi Arabia`s crude facilities
US crude futures were last up 11% at $61.10 a barrel, coming off highs on expectations other global oil suppliers would step in to lift output. Brent crude soared 13% at $68.06 after earlier rising to $71.95.
Sep 16, 2019, 09:57 AM IST
Oil prices fell to multi-month low, brent breaches $70/bbl mark
U.S. light crude oil was 25 cents lower at $60.42, down 4.3 percent this week and off more than 20 percent since early October, putting it officially in bear-market territory.
Nov 09, 2018, 15:42 PM IST
Brent oil rises back above $80 as Iran sanctions loom
OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.
Oct 22, 2018, 12:30 PM IST
PM Narendra Modi urges oil producers to bring down oil rates to reasonable levels
PM said crude oil prices at a four-year high was hurting global growth, causing inflation and upsetting budgets of developing countries like India.
Oct 15, 2018, 17:02 PM IST
Oil prices rise, but still set for weekly fall amid equities rout
Brent crude futures rose 33 cents, or 0.4 percent, to $80.59 a barrel by 0256 GMT.
Oct 12, 2018, 09:51 AM IST
Oil hits 3-1/2-year high after US quits Iran deal
Brent crude oil touched its highest since November 2014 at $77.20 a barrel.
May 09, 2018, 17:30 PM IST
Oil hits one-month high near $55 on tighter supplies
Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield lent support.
Apr 05, 2017, 16:43 PM IST
Oil dives 2%, heads for weekly loss as US rigs rise
Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows.
Jul 23, 2016, 09:13 AM IST
Oil plunges more than 6.0% as Brexit looms
World oil prices plunged more than 6.0 percent in Asia Friday after early results of a historic vote showed Britain increasingly moving towards bolting out of the European Union.
Jun 24, 2016, 10:21 AM IST
Saudi prince unveils sweeping plans to end "addiction" to oil
The powerful young prince overseeing Saudi Arabia`s economy unveiled ambitious plans on Monday aimed at ending the kingdom`s "addiction" to oil and transforming it into a global investment power.
Apr 26, 2016, 09:02 AM IST
Oil prices dip on continued oversupply, despite news of meeting to freeze output
Crude oil prices dipped in early trading on Friday as reports of a meeting by oil producers to freeze output failed to convince traders that enough effort was being made to rein in ballooning global oversupply.
Feb 26, 2016, 09:34 AM IST
Oil slumps on IEA’s gloomy market outlook
Oil resumed heavy falls on Tuesday, erasing earlier gains in highly volatile trade, after the International Energy Agency issued a gloomy market outlook.
Feb 10, 2016, 00:13 AM IST
Oil dives to fresh 12-year low under $27
Oil plunged to fresh 12-year lows under US$27 on Wednesday (Jan 20), slammed by gloomy economic forecasts, China's slowdown and abundant crude supplies.
Jan 20, 2016, 23:48 PM IST
Oil heads towards $27 per barrel as IEA warns market could 'drown in oil'
Prices have crashed about 75 percent since mid-2014, hit by a perfect storm of a supply glut, weak demand, a slowing global economy and a strong dollar.
Jan 20, 2016, 13:11 PM IST
Oil plummets to $29 per barrel, dragging world stocks lower
Oil prices plummeted to $29 a barrel on Friday on the impending resumption of Iranian oil exports into an already flooded market as international sanctions against the country are lifted, dragging equity indexes around the world sharply lower.
Jan 16, 2016, 12:32 PM IST
Brent falls to another 12-year low on oversupply gloom
It was the second time in two days for Brent, the global benchmark, to drop below $30 a barrel.
Jan 14, 2016, 10:09 AM IST
Oil down again to 12-year low; $30 handle looks more likely
Brent settled down 48 cents at $33.75, after sliding to a low of $32.16, a level last seen in April 2004.
Jan 08, 2016, 09:17 AM IST
Oil extends losses, nears $33 a barrel
Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.
Jan 07, 2016, 11:56 AM IST
Iran-Saudi crisis punches another hole in OPEC unity
Escalating diplomatic tensions between Iran and Saudi Arabia have added fresh strains on OPEC's unity as the cartel grapples with a common response to rock-bottom oil prices, experts said.
Jan 06, 2016, 13:03 PM IST
