OPEC daily basket price drops
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $49.46 a barrel on Monday, compared to $51.66 last Friday, dropping over $2, the organisation`s secretariat said.
Mar 17, 2015, 16:53 PM IST
Oil slips towards $60 as oversupply weighs
Brent crude oil fell towards $60 a barrel on Friday as oversupply, underlined by record-high U.S. crude stocks, weighed on the market.
Feb 20, 2015, 17:56 PM IST
Ruble down around 5% against dollar on back of falling oil price
The Russian ruble on Tuesday plunged by around 5 percent against the dollar as global oil prices tumbled towards a six-year low.
Jan 13, 2015, 20:49 PM IST
Oil dives close to six-year lows; European stocks rise
Crude sank again Monday after Wall Street investment titan Goldman Sachs slashed its price outlook for the commodity, adding to anxiety about a global oversupply, weak demand and soft growth in the key Chinese and European markets.
Jan 13, 2015, 09:21 AM IST
Oil tumbles anew on Iraqi export deal, futures margin hike
Oil prices resumed their slide on Tuesday after rising in their biggest rally in two years the day before, hurt by a deal that will add more Iraqi crude to already oversupplied markets, higher margin requirements for trading U.S. futures, and a stronger dollar.
Dec 03, 2014, 08:55 AM IST
Oil hits new four-year low post OPEC as glut looms
The sell-off continued on Friday with Brent reaching a low of $71.12, its weakest since July 2010. By 0945 GMT, Brent had recovered a little to trade around $71.90, down 68 cents.
Nov 28, 2014, 16:13 PM IST
Brent oil hits four-year low below $80, awaits OPEC
Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world`s biggest energy consumer and Saudi Arabia remained silent about a possible cut in production.
Nov 13, 2014, 19:04 PM IST
Privately, Saudis tell oil market: Get used to lower prices
Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period.
Oct 13, 2014, 11:43 AM IST
Losses on sale of diesel rise to Rs 1.78/litre
After dipping to the all-time low, losses on sale of diesel have risen to Rs 1.78 per litre, delaying the prospect of deregulation of the nation's most consumed fuel.
Aug 19, 2014, 17:39 PM IST
Oil falls below $109 as Libya restarts oilfield
Easing worries over possible disruptions to supply from the conflict in Iraq also dragged on prices.
Jul 09, 2014, 10:05 AM IST
Crude oil hits 9-month high above $115 a barrel on Iraq conflict
Brent crude hit a nine-month high of more than USD115 a barrel on Thursday as the United States said it could send military advisers to Iraq, raising concerns about the escalating conflict.
Jun 20, 2014, 08:47 AM IST
Crude oil above $114 near nine-month high on Iraq turmoil
Brent crude held near a nine-month high above USD 114 a barrel on Thursday supported by concerns about potential supply disruptions due to fighting in Iraq.
Jun 19, 2014, 11:46 AM IST
