Oil & gas industry seeks slashing of cess on crude
The Association of Oil and Gas Operators, which is made up for over two-dozen members including Reliance Industries, ONGC, Cairn, BP, BG, BHP and Essar, has written to Oil Secretary, demanding ad-valorem rate of cess instead of current Rs 4,500 per tonne cess.
Oct 20, 2015, 19:48 PM IST
World Bank revises down forecast of oil prices to $52 for 2015
The World Bank Tuesday lowered its 2015 forecast for crude oil prices from USD 57 per barrel in its July report to USD 52 per barrel, a development that could bring in additional savings to the Indian treasury.
Oct 20, 2015, 18:28 PM IST
Oil prices plunge amid strong US dollar
Oil prices dropped on Tuesday as the stronger US dollar made the dollar-priced crude more expensive and less attractive for buyers holding other currencies.
Oct 20, 2015, 09:13 AM IST
Oil prices drop as US stocked more crude than forecast
Crude prices fell Thursday as the US government said the country's commercial crude stockpiles rose faster than market expectations, adding to concerns about a supply glut.
Oct 16, 2015, 00:16 AM IST
Oil prices rebound in Asia on bargain-hunting
Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.
Oct 13, 2015, 10:27 AM IST
Oil prices bounce back in Asian trade
Oil prices bounced back in Asia on Thursday as investors weighed a rise in US crude inventories and production against a forecast by OPEC's chief of rising demand.
Oct 08, 2015, 09:45 AM IST
Cairn India seeks cut in cess on crude as oil prices halve
Cairn India has asked government to cut the cess levied on crude oil produced from its Rajasthan fields as the levy was taking away nearly a fifth of revenue at a time when oil prices have halved.
Oct 07, 2015, 17:20 PM IST
Oil prices rally on reported Russian moves
US benchmark West Texas Intermediate for delivery in November won USD 1.11 to USD 46.65 a barrel compared with Friday's close.
Oct 06, 2015, 03:16 AM IST
Oil higher in Asia ahead of US jobs report, hurricane threat
Oil prices climbed in Asia Friday ahead of the release of a US jobs report and as a hurricane threatened refineries on the US east coast.
Oct 02, 2015, 11:04 AM IST
Oil prices fluctuate amid mixed data
Oil prices wavered as US crude data came in mixed.
Oct 01, 2015, 08:34 AM IST
Oil prices retreat in Asian trade
Oil prices retreated in Asia on Wednesday as traders focus on US crude stockpile report, a day after growing concerns over China`s economy sparked a massive sell-off in shares of commodity firms.
Sep 30, 2015, 09:34 AM IST
Oil prices edge up but Iran supply expectations cap gains
Oil prices edged up in Asian trade on Friday following a decline in US crude inventories, although heavier buying was tempered by expectations a return of Iranian crude into the market will further increase global supplies.
Sep 25, 2015, 09:34 AM IST
Oil prices returning to $80/barrel by 2020: OPEC
OPEC forecasts oil prices will grow by no more than $5 per barrel a year to reach $80 by 2020, with rival non-OPEC production growth slowing but not fast enough to fully clear the current oil glut, according to OPEC sources.
Sep 17, 2015, 23:30 PM IST
Asian shares tread water as Fed meeting looms
MSCI`s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, after Wall Street logged losses, with U.S. trading volume at its lowest in a month as markets awaited the Fed outcome.
Sep 15, 2015, 08:32 AM IST
Oil prices edge up after sharp falls in previous session
Oil prices steadied early on Tuesday as traders closed short positions and took on new longs after markets tumbled in the previous session.
Sep 15, 2015, 07:26 AM IST
Asian shares edge up, brush off soft China data
US stock futures rose 0.4 percent from late US levels in early Asian trade while Japan`s Nikkei rose 0.4 percent. MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.3 percent.
Sep 14, 2015, 09:34 AM IST
Oil prices retreat as Goldman Sachs cuts forecasts
Oil prices dropped Friday as the Wall Street bank Goldman Sachs slashed its forecasts for crude prices.
Sep 12, 2015, 07:36 AM IST
Oil falls more than 2 percent after Goldman cuts forecasts
Goldman cut its 2015 Brent price forecast to $53.70 a barrel from $58.20, and said it saw 2016 Brent prices at $49.50, down from its earlier $62 forecast.
Sep 11, 2015, 17:31 PM IST
Oil weakens as Saudi sees no need for oil summit to defend prices
The front-month October contract for Brent, the global oil benchmark, shed 5 cents to USD 48.84 a barrel after it settled up USD 1.31, or 2.8 percent, on Thursday at USD 48.89 a barrel.
Sep 11, 2015, 08:49 AM IST
Asian stocks catch a lift from Wall Street, Europe
MSCI`s broadest index of Asia-Pacific shares outside Japan was up 1.2 percent in early trade, after major Wall Street indexes all logged gains of more than 2 percent.
Sep 09, 2015, 08:35 AM IST
