Oil prices

Oil falls to lowest close since March, down a fourth week

Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.

Jul 25, 2015, 09:19 AM IST

'Fall in global demand, dip in oil prices impacting exports'

Fall in global demand, dip in oil prices and appreciation of rupee against euro are some of the main reasons for decline in India's exports, Parliament was informed on Friday.

Jul 24, 2015, 15:55 PM IST

Asian slips after tech stocks weigh on Wall Street, dollar rebounds

Tokyo`s Nikkei rose 0.4 percent on a weaker yen, while Australian shares were flat 0.2 percent.

Jul 23, 2015, 08:40 AM IST

Oil prices resume decline on supply glut concerns

Oil prices resumed their decline Wednesday following a US report showing that stockpiles surged last week, with analysts warning of further weakness ahead.

Jul 22, 2015, 21:38 PM IST

Cairn India Q1 net falls 24% as oil prices hit a soft patch

Cairn India, the operator of nation's biggest onshore oilfield, Tuesday reported a 24 percent drop in its June quarter net profit due to a slide in international oil prices.

Jul 21, 2015, 21:49 PM IST

Oil prices dip below $50 on ample supply, strong dollar

Oil futures fell on Monday and U.S. crude slipped below $50 a barrel intraday as ample supply, the prospect of more Iranian crude for export and a strengthening dollar combined to pressure prices.

Jul 21, 2015, 03:38 AM IST

Asian stocks mostly up, dollar pushes higher

Shanghai led the gains but was undergoing some fresh volatility as more firms trade again after being suspended at the height of the latest stock crisis that wiped billions off mainland valuations.

Jul 20, 2015, 08:32 AM IST

BHP Billiton takes $2.8 bn pre-tax writedown as oil price tumbles

Mining giant BHP Billiton Wednesday said it was taking a US$2.8 billion pre-tax writedown on its onshore assets in the United States as plunging oil prices hit shale gas.

Jul 15, 2015, 12:17 PM IST

Iran's oil comeback may be later than sooner, but will still add to glut

A day after an Iran nuclear deal was finally reached oil prices edge higher as investors recognised it would take time for Tehran to raise output, but the eventual increase in its exports will add fuel to a market already plentifully supplied.

Jul 15, 2015, 11:52 AM IST

Oil prices fall as Iran, global powers reach nuclear deal

Oil prices tumbled on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness.

Jul 14, 2015, 12:03 PM IST

Asian markets pare losses as Shanghai, Hong Kong bounce

Shellshocked traders have been sent scurrying as the crisis in China, which has wiped trillions off of valuations, combine with fears about Greece`s future in the eurozone.

Jul 09, 2015, 08:42 AM IST

Oil prices ease ahead of Greece vote

Oil prices eased in Asia Friday ahead of a weekend bailout reform referendum in Greece that could determine its future in the eurozone.

Jul 03, 2015, 13:04 PM IST

Oil prices drop on rising US rig count, China stock market probe

Oil prices dropped on Friday as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.

Jul 03, 2015, 12:14 PM IST

Oil prices rise as Iran nuclear talks extended

Oil prices rebounded Tuesday as Iran and six major powers extended a deadline for reaching a nuclear deal that could add Iranian oil to an oversupplied global market.

Jul 01, 2015, 02:25 AM IST

Greek worries push oil below $62 to three-week low

Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

Jun 29, 2015, 15:37 PM IST

Oil prices flat awaiting Greece, Iran outcomes

Oil prices traded flat Friday in a market still devoid of strong demand or supply signals but wary of Greece`s cliffhanger debt talks and negotiations about Iran`s nuclear program in Vienna.

Jun 27, 2015, 04:23 AM IST

Asian stocks fall, euro drifts as Greek crisis deepens

Japan`s Nikkei dipped 0.5 percent. Despite household spending rising more than expected, inflation has remained flat, keeping alive expectations for more central bank stimulus later this year.

Jun 26, 2015, 08:23 AM IST

Oil slides after big US gasoline build offsets crude draw

Crude oil futures settled down more than 1 percent on Wednesday after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products.

Jun 25, 2015, 02:32 AM IST

India's oil import bill to fall 21.7% to $88 bn in FY16

India's crude oil import bill is likely to fall by 21.7 percent this fiscal to USD 88 billion on falling international oil prices, according to latest Petroleum Ministry estimates.

Jun 24, 2015, 18:05 PM IST