Petrol gets cheaper by Rs 3.02 per litre; diesel becomes costlier by Rs 1.47 per litre
Petrol in Delhi will cost Rs 56.61 litre from tomorrow as against Rs 59.63 a litre currently. Similarly, diesel will be priced at Rs 46.43 per litre from tomorrow as compared to Rs 44.96 currently.
Feb 29, 2016, 18:32 PM IST
Gold price dips as stocks struggle; bullion funds see more inflows
Gold fell early on Thursday as investors cautiously watched volatile stock and oil markets for cues, but stayed above USD 1,200 an ounce, drawing some support from flows into bullion funds.
Feb 25, 2016, 09:24 AM IST
Asia's oil markets in upheaval as China, India change the game
Asia`s oil markets are being upended as India`s and China`s refiners overtake once-dominant buyers like Japan and challenge the United States as the world`s biggest consumer.
Feb 24, 2016, 11:24 AM IST
Don't reimpose customs duty on crude: Oil companies
An association of companies like IOC and Reliance Industries has requested the government not to reimpose customs duty on crude oil saying that refineries will not be able to absorb additional costs.
Feb 23, 2016, 20:55 PM IST
Oil price to start slow recovery in 2017: IEA
World oil prices are unlikely to rise from current levels before 2017, and even then their recovery will be slow as massive oil stocks feed into the market, the IEA said Monday.
Feb 22, 2016, 17:54 PM IST
Asia, EU shares gain broadly, pound falls on EU exit fears
Shares rose in Europe and Asia on Monday along with oil and commodity prices, while sterling fell against the dollar and euro on concerns Britain may vote to leave the European Union.
Feb 22, 2016, 16:54 PM IST
Iran offers no action in support of global oil pact
Iran on Wednesday stopped short of offering to restrain oil output as part of a global pact to freeze production to prop up prices, because it wants to recapture the market share it lost during years of sanctions.
Feb 17, 2016, 23:02 PM IST
Oil loses nearly 4% as hopes over Saudi, Russia deal fade
Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.
Feb 17, 2016, 21:14 PM IST
Oil rockets from 12-year low on renewed talk of OPEC cut
Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.
Feb 13, 2016, 00:55 AM IST
US oil prices dive below $27 a barrel
US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC.
Feb 11, 2016, 08:10 AM IST
IEA takes oil market bulls to the slaughterhouse
Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, the IEA said Tuesday, noting OPEC is responsible for the latest glut of supplies on the market.
Feb 09, 2016, 19:36 PM IST
Slump in oil, commodity prices to help India build infra: CEA
Slump in oil, steel and cement prices presents India with an opportunity to build infrastructure at lower costs as well as shore up public and private spending, Chief Economic Advisor Arvind Subramanian said.
Feb 05, 2016, 15:18 PM IST
Oil market heads lower
Oil prices fell Thursday on resurgent supply glut worries as traders discounted the odds of a near-term deal by major petroleum producers to cut output.
Iraq oil exports up but revenue plunges on low prices
Baghdad is facing a financial crisis due to the fall in oil prices, which the ministry said averaged $22.21 in January -- less than half the amount projected in the 2016 budget.
Feb 01, 2016, 22:58 PM IST
Oil falls on China data, fading prospect of OPEC action
Oil fell on Monday as weak economic data from China, the world`s largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline.
Feb 01, 2016, 19:48 PM IST
Boost to Indian economy from falling oil prices 'fading': DBS
The benefits to the Indian economy from fall in crude oil prices will be "limited" this year and domestic reforms and developments will gain focus, a report said.
Jan 28, 2016, 23:49 PM IST
World Bank cuts 2016 oil forecast, Indian basket at 14-year low
World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections.
Jan 27, 2016, 17:04 PM IST
Oil prices rise on talk of Russia, OPEC coordination
Oil prices were lifted Tuesday by talk of possible coordination between Saudi Arabia and Russia to cut petroleum output.
Jan 27, 2016, 02:25 AM IST
HSBC revises 2016 crude price down again, sees at $45 a barrel
Even as many of its peers are betting crude as low as USD 10-20, British brokerage major HSBC sounded a tad optimistic but has pegged down the average Brent crude prices at USD 45 a barrel for 2016 from USD 60.
Jan 26, 2016, 18:57 PM IST
Falling oil price: boon for some, bust for others
The plunge in oil prices is proving a boon for consumers and airlines, but is a bust for energy companies and producing nations, while complicating the jobs of central bankers worried about deflation.
Jan 26, 2016, 18:44 PM IST
