Oil prices

Asian stocks up, dollar sags after dovish signals from Fed

Wall Street shares inched higher in a choppy session overnight following the Fed`s statements, with the Dow rising 0.17 percent and S&P gaining 0.2 percent.

Jun 18, 2015, 08:34 AM IST

Asian shares, dollar dither as focus turns to Fed

Shares in Shanghai lost another 0.8 percent ahead of a torrent of IPO`s that temporarily could tie up an astonishing 6 trillion yuan ($966.7 billion) of capital.

Jun 17, 2015, 08:32 AM IST

Oil prices recover amid Greece, supply worries

In mid-afternoon Asian trade, US benchmark West Texas Intermediate for July was up 64 cents at $60.16 while Brent futures for August, a new contract, were up 35 cents at $64.30.

Jun 16, 2015, 13:47 PM IST

Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm

"Fundamental data indicates that the oil market is oversupplied by over 2 million barrels per day," the bank said. But it added that due to a recent rally in prices it had lifted its average 2015 Brent and WTI price forecasts to $60 and $55.10 per barrel respectively, up from $52.50 and $48.60 a barrel previously.

Jun 15, 2015, 12:44 PM IST

Oil prices fall after Saudis say could raise output to meet demand

Front month U.S. crude fell 28 cents to $60.49 a barrel by 0152 GMT. Brent futures were down 25 cents at $64.86 a barrel.

Jun 12, 2015, 12:56 PM IST

Oil prices drop as IEA predicts demand slowdown

US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.

Jun 11, 2015, 19:39 PM IST

Oil prices rise on hopes for China stimulus

Front month U.S. crude climbed 24 cents to $58.38 a barrel by 0320 GMT, after ending the previous session down 99 cents. Brent for June delivery rose 19 cents to $62.88 a barrel, having settled down 62 cents in the previous session.

Jun 09, 2015, 10:15 AM IST

OPEC agrees to keep pumping as oil glut fears persist

Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.

Jun 05, 2015, 19:13 PM IST

Oil prices rise after OPEC keeps low output target

Oil prices rose on Friday, breaking a two-day losing streak, after OPEC ministers maintained their existing oil production target for another six months at a level below current output.

Jun 05, 2015, 18:00 PM IST

Oil prices rise ahead of OPEC output meeting

"We expect payroll numbers to go up, and this will in turn firm up the dollar and subsequently make dollar-priced crude more expensive," said Teo.

Jun 05, 2015, 10:19 AM IST

India asks OPEC to stop charging premium from Asian buyers

Reiterating New Delhi's decade-old demand, Oil Minister Dharmendra Pradhan said the OPEC is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.

Jun 03, 2015, 22:03 PM IST

Oil prices down in Asian trade

WTI jumped USD 1.06 and Brent rose 61 cents yesterday after a sharp fall in the US dollar, which made dollar-priced crude cheaper for buyers using weaker currencies.

Jun 03, 2015, 10:28 AM IST

Oil prices jump to 2015 high on dollar`s sharp fall

A sharp fall in the dollar on improved eurozone economic data sent New York oil prices to fresh 2015 highs Tuesday, even as officials at OPEC defended their generous output strategy.

Jun 03, 2015, 04:18 AM IST

RBI estimates current account deficit at 1.5% in FY16

Current account deficit is estimated to be around 1.5 percent of the GDP in the current fiscal, helped by sharp fall in oil prices even as gold imports rose in the past few months, the Reserve Bank said on Tuesday.

Jun 02, 2015, 15:34 PM IST

Asian markets mostly down, Tokyo rally ends after 12 days

Asian markets mostly fell Tuesday, with Tokyo declining after a 12-day rally, while in Europe Greece`s creditors held impromptu talks aimed at resolving the country`s months-long debt crisis.

Jun 02, 2015, 14:43 PM IST

Oil prices drop ahead of OPEC meeting

Oil prices dipped Monday as the dollar strengthened and the market looked ahead to an OPEC meeting expected to keep output high.

Jun 02, 2015, 07:08 AM IST

Saudi reserves dip $49 bn from end-2014: Report

Saudi Arabia`s foreign currency reserves dropped by $49 billion in the first four months of 2015 following the dive in world oil prices, a report said Monday.

Jun 01, 2015, 21:42 PM IST

Larsen & Toubro Q4 net falls 27% to Rs 2,070 crore

The company had clocked Rs 2,840.40 crore net profit in the January-March quarter of 2013-14.

May 30, 2015, 17:21 PM IST

Larsen & Toubro profit down 27% but home market improving

Larsen & Toubro reported a 27 percent drop in net profit in the three months through March, reflecting a fall in oil prices and a weak investment climate.

May 30, 2015, 15:39 PM IST