Oil prices fall as Brexit lingers, refined products glut looms
Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.
Jun 27, 2016, 09:49 AM IST
Oil plunges more than 6.0% as Brexit looms
World oil prices plunged more than 6.0 percent in Asia Friday after early results of a historic vote showed Britain increasingly moving towards bolting out of the European Union.
Jun 24, 2016, 10:21 AM IST
Oil prices above $50, buoyed by US stock draw
Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks.
Jun 22, 2016, 06:33 AM IST
Ind-Ra lowers FY17 CAD estimate to 1.3-1.5%
India Ratings and Research has revised its FY17 estimate for the country's current account deficit (CAD) to 1.3-1.5 percent of GDP from 1.2 percent due to lower remittances and lower software earnings in fourth quarter for the current fiscal.
Jun 17, 2016, 19:16 PM IST
Moody's ups oil price forecast to $40 per barrel for 2016
Moody's Investors Service on Friday revised upwards its price forecast for oil this year on the back of recent uptick in rates.
Jun 17, 2016, 19:04 PM IST
Lower CAD a healthy sign, will meet macro data target: Lavasa
Buoyed by the current account nearing surplus for the first time in nine years, the government on Friday said reduction in CAD is a sign of economic health and it is committed to sticking to its targets.
Jun 17, 2016, 17:38 PM IST
Keeping tab on Brexit, turmoil in the Middle East, oil prices: Jayant Sinha
Government is keeping a watch on the global risk factors to the economy including Brexit, turmoil in the Middle East and spike in oil prices in the international market, Minister of State for Finance Jayant Sinha said Thursday.
Jun 16, 2016, 16:17 PM IST
Diesel gets costlier by Rs 1.26 per litre: Know the new price list city wise
Know the new prices of diesel in major Indian cities applicable from midnight of June 15, 2016 and June 16, 2016.
Jun 16, 2016, 09:15 AM IST
RBI retains retail inflation target at 5% with upward bias
Mumbai: RBI on Tuesday retained January 2017 retail inflation target at 5 percent, though with an upward bias, amid a sharper-than-anticipated upsurge in inflationary pressures due to food items and firming oil prices.
Jun 07, 2016, 12:30 PM IST
No final decision taken on crude extraction by OPEC group
No final decision taken on crude extraction by OPEC group.
Jun 03, 2016, 14:33 PM IST
Iran says markets have absorbed its rising oil exports
Tehran: World oil markets have seen no negative impact from a doubling of Iranian exports following the lifting of international sanctions, the country's oil minister said today.
Jun 01, 2016, 17:40 PM IST
Oil slips as $50 level sparks new output fears
Oil markets fell around 1 percent on Friday, retreating from seven-month highs, as traders weighed the prospect of crude production intensifying because of prices near $50 a barrel despite supply outages in recent weeks that eased a global glut.
May 27, 2016, 22:52 PM IST
Oil prices dip as Iran says no plan to freeze output
Despite a recent rebound, world crude prices are still at less than half of their levels of June 2014 because of a supply glut, partly fed by Iran's return to world markets in January after the lifting of nuclear-linked Western sanctions.
May 23, 2016, 23:50 PM IST
US stocks jump on rising oil prices
US stocks posted solid gains on Monday as investors cheered over a strong rebound in oil prices.
May 17, 2016, 05:49 AM IST
Wall Street drops at end of tough week for retailers
US stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from Nordstrom and JC Penney overshadowed upbeat April retail sales data.
May 14, 2016, 02:17 AM IST
Oil price falls from 2016 high
The IEA's monthly report was published one day after news of a drawdown in US oil inventories that signalled strong demand in the world's top oil consumer -- and sent prices racing higher.
May 13, 2016, 03:18 AM IST
Oil producers fail to agree output freeze
The world`s top oil producers failed to reach agreement on capping output in Doha.
Apr 18, 2016, 01:57 AM IST
Diesel price cut by Rs 1.30 per litre, petrol by 74 paise
Petrol in Delhi will cost Rs 61.13 per litre from the mid-night tonight as against Rs 61.87 currently. Similarly, a litre of diesel will cost Rs 48.01 compared with Rs 49.31 at present.
Apr 15, 2016, 18:38 PM IST
Oil falls as dark clouds appear ahead of producer meeting
Oil fell on Thursday as the International Energy Agency trimmed its forecast for demand growth and on signs that a producers` meeting this weekend will not yield a concrete plan to reduce oversupply.
Apr 14, 2016, 15:28 PM IST
OPEC cuts 2016 oil demand growth forecast, warns of more
OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.
Apr 13, 2016, 21:09 PM IST
