Oil prices drop as OPEC output rises; Brent below $40 per barrel
European benchmark Brent oil for January delivery shed 38 cents to $39.73 a barrel in London. It was Brent`s first close below the $40 line since February 2009.
Dec 11, 2015, 02:33 AM IST
Wall Street up, other markets steady ahead of Fed; oil slips
US stocks climbed but other major world equity markets were little changed on Thursday ahead of a widely expected interest rate hike by the US Federal Reserve next week, while the dollar rebounded from the previous day`s losses.
Dec 11, 2015, 01:45 AM IST
Oil hits near seven-year low as global glut concerns persist
US crude fell to a near seven-year low on Thursday, as oversupply concerns persisted, and prices were seen as vulnerable to further weakness in the run up to year-end.
Dec 10, 2015, 21:56 PM IST
Oil rises as US crude inventories dip, Japan machinery orders bounce
Oil prices rose on Wednesday as U.S. crude stocks dipped, while Japan posted rising machinery orders, lending the market support amid an ongoing supply glut that could see the market run out of onshore crude storage sites in the first quarter of 2016.
Dec 09, 2015, 13:33 PM IST
Oil prices near a 7-year low of $37 per barrel
Oil prices resumed their slide on Tuesday, with U.S. crude falling below $37 per barrel for the first time since early 2009, amid fears the world was running out of capacity to store crude as a global glut intensifies.
Dec 08, 2015, 19:35 PM IST
Oil falls towards 2015 low on OPEC inaction, strong dollar
Oil prices edged closer to 2015 lows on Monday after OPEC`s meeting ended without a reference to its output ceiling and a stronger dollar made it more expensive to hold crude positions.
Dec 07, 2015, 20:57 PM IST
Despite low oil prices, Bill Gates looks to Gulf in anti-poverty campaign
Low oil prices and tight budgets in the Gulf are making it harder to raise money for a fund tackling poverty in the Muslim world, but a growing culture of philanthropy may draw in wealthy regional donors, billionaire campaigner Bill Gates said.
Dec 07, 2015, 19:03 PM IST
Oil prices climbs as Turkey shoots down Russian jet
Global oil prices rose today after Turkey shot down a Russian jet on the Syria border, sparking fresh tensions in the crude-rich Middle East, dealers said.
Nov 24, 2015, 19:23 PM IST
Oil prices slightly up in Asia but gains limited
US benchmark West Texas Intermediate (WTI) for delivery in December was trading three cents higher at USD 40.57 a barrel on its last trading day, while Brent crude for January was up 11 cents to USD 44.29.
Nov 20, 2015, 11:24 AM IST
Oil prices rise as supplies add lower-than-expected
Oil prices gained on Wednesday as US stockpiles added less-than-expected.
Nov 19, 2015, 04:05 AM IST
Arun Jaitley says it helps Indian economy, as oil falls below $40
"It has enabled us to absorb the loss that our own oil companies were facing because of future purchases. It has also kept inflation under control, which, in turn, has helped the Reserve Bank to ease up the rates," Jaitley told reporters.
Nov 17, 2015, 17:15 PM IST
Low oil prices have created favourable environment for Indian economy: FM Jaitley
FM Arun Jaitley said that low oil prices also enabled the government to rationalise subsidies.
Nov 17, 2015, 09:02 AM IST
Low oil prices favoured Indian economy: Arun Jaitley
Low oil prices have created a favourable environment for Indian economy, Arun Jaitley said.
Nov 17, 2015, 02:54 AM IST
'Gulf must impose taxes to strengthen fiscal positions'
Gulf countries should start levying taxes to strengthen their fiscal positions in view of the current low oil prices which are expected to slowdown their economies, according to a global organisation for Chartered Accountants.
Nov 16, 2015, 15:16 PM IST
Oil prices resume decline in Asia
US benchmark West Texas Intermediate for delivery in December was trading 47 cents lower at USD 43.74 and Brent crude for December was down 26 cents at USD 47.18.
Nov 11, 2015, 11:03 AM IST
International Energy Agency sees low oil prices until 2020
Oil prices have bottomed out, are down more than 50 percent since the middle of last year.
Nov 10, 2015, 20:52 PM IST
Oil prices sink on US energy report
In London late afternoon trade, Brent North Sea crude for December slid USD 1.59 to stand at USD 48.95 per barrel.
Nov 05, 2015, 05:17 AM IST
Oil prices jump amid increasing demand
Oil prices surged on Tuesday as market expected US refiners to consume more crude after maintenance season.
Nov 04, 2015, 05:54 AM IST
Kuwaiti emir warns budget down 60% on low oil prices
Kuwait's ruler warned Tuesday his nation's revenue is down some 60 percent due to low global oil prices, urging citizens of this tiny country to be prepared for any economic reforms.
Oct 27, 2015, 21:39 PM IST
Oil prices could rise from mid-2016 on falling supply: IEA
At a time of uncertainty created by the precipitous fall in oil prices and oversupply, the International Energy Agency (IEA) said on Monday that prices could go up from mid-2016 with supplies tightening due to a drop in investment and falling US output.
Oct 26, 2015, 18:02 PM IST
