Finance Ministry to assume oil price at below $50 in Budget 2016
The Finance Ministry likely to peg the notional value of crude oil price below USD 50 a barrel while computing the subsidy numbers and fiscal deficit in the Budget 2016-17.
Jan 11, 2016, 20:50 PM IST
Wall Street declines heading into close
The S&P 500 was on track for its worst five-day start to a year since at least 1929.
Jan 09, 2016, 02:50 AM IST
Shell's BG bid dealt blow with first shareholder dissent
Royal Dutch Shell`s bid to acquire BG Group was dealt a blow on Friday.
Jan 09, 2016, 02:31 AM IST
Oil slides below $33 to near 12-year low as China turmoil rattles investors
Oil fell below $33 a barrel on Thursday for the first time since April 2004 as a fall in Chinese shares rattled investors already concerned by near-record production and massive stockpiles of unwanted crude and refined products.
Jan 07, 2016, 21:24 PM IST
Brent oil slumps under $35 for first time since 2004
Brent oil prices tumbled Wednesday below $35 for the first time in 11.5 years, plagued by abundant oversupply and the ongoing row between key producers Iran and Saudi Arabia dimming prospects for production cuts.
Jan 06, 2016, 19:40 PM IST
Global recession starting from January 9, predicts Sundeep Kochar
But, the real crunch (read global recession) will be from January 9, 2016 onwards...
Jan 06, 2016, 17:26 PM IST
Oil prices drop despite Middle East tensions
Oil prices extended losses, as the crude supply glut overshadowed a diplomatic row.
Jan 06, 2016, 02:38 AM IST
Oil down; China, Wall Street tumble erase early rally on Middle East
Oil prices weakened on Monday in volatile trade.
Jan 05, 2016, 03:27 AM IST
Excise duty hike on petrol, diesel: All you need to know
There will be no increase in retail selling price of petrol and diesel as state-owned oil firms had not passed on the full benefit of a reduction in international oil prices to consumers on January 1.
Jan 02, 2016, 17:51 PM IST
Saudi 2016 growth to dive as debt rises, reserves drop
Saudi economic growth is set to slow further in 2016 after the OPEC heavyweight announced record deficits due to the slump in oil prices.
Dec 30, 2015, 16:16 PM IST
Saudi Arabia posts record budget deficit, to raise petrol prices by more than 50%
Saudi Arabia said Monday it was raising petrol prices by more than 50 percent for some products from Tuesday as it cuts a range of subsidies after posting a record budget deficit.
Dec 29, 2015, 00:29 AM IST
Oil falls to $37, near 11-year low, as excess supply weighs
Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.
Dec 28, 2015, 21:26 PM IST
Oil hits 11-year low on glut worries
European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.
Dec 21, 2015, 13:36 PM IST
Global crude oil price of Indian basket falls to $34.20/barrel
The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 34.20 per barrel on Wednesday, compared to USD 34.25 per barrel on the previous publishing day.
Dec 17, 2015, 13:42 PM IST
Lower inflation result of reforms, global oil prices: FinMin
WPI-based inflation has come down from 6.0 percent in 2013-14 to 2.0 percent in 2014-15. The wholesale inflation has been in the negative zone since November 2014 and stood at -3.8 percent in October 2015.
Dec 16, 2015, 19:25 PM IST
US crude resumes decline as oversupply concerns return
US crude oil prices fell in early Asian trade, resuming their decline after strong gains on Monday snapped a six-day losing streak, on concerns about a global glut and mild winter demand.
Dec 15, 2015, 06:45 AM IST
Know how low oil prices affect Indian economy
Know how low oil prices will create favourable environment for the Indian economy...
Dec 15, 2015, 03:52 AM IST
Oil prices drop towards 11-year lows on glut fears
Brent crude fell by 3.4 percent below $37 a barrel for the first time since December 2008 and U.S. West Texas Intermediate (WTI), sank 2.5 percent below $35 a barrel.
Dec 14, 2015, 18:02 PM IST
Watch: How falling crude oil prices affect Indian economy
Midcap Bazaar: https://goo.gl/439StW Antim Baazi: https://goo.gl/h4jDyh Subscribe to our channel at: https://goo.gl/cn4IdL Check out our website: http://zeenews.india.com/business Connect with us at our social media handles: Facebook: https://www.facebook.com/Zeebusinessonline Twitter: https://twitter.com/zeebusiness Google Plus: https://plus.google.com/+zeenews Lean back and watch some of our flagship shows and content of your choice by clicking the links below: Share Bazaar Live: https://goo.gl/6Z0YTO First Trade: https://goo.gl/Jhoybb Aapka Bazaar: https://goo.gl/1BA2JD Mandi Live: https://goo.gl/1Sii3I Top 20 Stocks: https://goo.gl/WZDSNw Property Plus: https://goo.gl/MrfYa1 Box Office: https://goo.gl/nZFP9r Brand Stand: https://goo.gl/IIcNKS The Big Idea: https://goo.gl/lMIJEb Mobiles & Gadgets: https://goo.gl/IeCHCL
Dec 14, 2015, 16:09 PM IST
Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm
Brent`s session low was $37.36 - barely a dollar above the$36.20 hit during the financial crisis. If it falls through that, it will go to June 2004 lows, when it traded at around $34 a barrel.
Dec 12, 2015, 00:59 AM IST
