Oil prices

Lower remittances will dampen benefits of cheaper oil imports: Moody's

Lower remittances from Gulf nations, which have been hit hard by the slump in oil prices, will cut the benefits of cheaper oil imports for several Asia Pacific countries including India, Moody's Investors Service said.

Apr 13, 2016, 11:55 AM IST

IMF keeps gloomy Saudi Arabia growth outlook

The International Monetary Fund on Tuesday maintained its gloomy economic forecasts for Saudi Arabia due to low oil prices and lowered its expectations for the Middle East and North Africa overall.

Apr 12, 2016, 20:35 PM IST

Oil hits 2016 high above $43 on producer meeting hopes

Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China.

Apr 12, 2016, 17:18 PM IST

Oil prices rise on optimism over supply, Doha meeting

Oil prices rose on Friday, lifted by hopes that a punishing global excess of crude oil could be nearing a tipping point and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand.

Apr 08, 2016, 20:17 PM IST

Exceedingly high oil prices can create problem: Jaitley

Even if oil prices move a little higher, they will not be negative for India but "exceedingly high" rates create problems for the country, Finance Minister Arun Jaitley said on Thurday.

Apr 07, 2016, 18:51 PM IST

Oil prices jump on expectation that producers will agree output freeze

International Brent futures rose 1.5 percent at $38.44 a barrel.

Apr 06, 2016, 07:51 AM IST

Oil prices fall on dimming prospect of output restraint

Oil prices fell in early trading on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade, while U.S. output remains stubbornly high.

Apr 04, 2016, 09:21 AM IST

Hit by cheap oil, Saudis restrict job opportunities for foreign workers

In early March, the Ministry of Labour announced that within six months foreigners would be banned from selling and maintaining mobile phones and accessories for them, in an effort to keep open more jobs for Saudi citizens.

Mar 23, 2016, 17:39 PM IST

Oil above $41 as OPEC predicts `moderate` rebound

Oil prices dipped slightly in Asia Tuesday but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April.

Mar 22, 2016, 10:34 AM IST

Oil prices fall on higher US rig numbers

Oil prices dipped slightly during the early hours of Asian trading today as fresh oversupply concerns spurred by an increase in operational US rigs bridled a recent rally.

Mar 21, 2016, 10:28 AM IST

US stocks jump amid rising oil

US stocks extended a recent rally as the Federal Reserve decision and rising oil prices continued to drive the stock market.

Mar 19, 2016, 07:15 AM IST

Oil slips from 2016 high as investors book profits

Oil fell slightly on Friday as investors booked profits at the end of a fourth consecutive week of gains, but prices remained close to 2016 highs on expectations of a production freeze by major exporters.

Mar 18, 2016, 17:02 PM IST

US stocks extend gains after Fed statement

US stocks ticked up as investors assessed the US Federal Reserve's policy announcement as well as oil recovery.

Mar 18, 2016, 07:46 AM IST

Oil rises as producers announce meeting on output freeze

Oil prices firmed on Wednesday on an announcement that producers will meet next month in Qatar to discuss a proposal to freeze output and on growing signs of a decline in US crude production

Mar 16, 2016, 17:31 PM IST

Oil prices drop amid ample supply

Oil prices dropped as market expected that global supply exceeded the demand.

Mar 16, 2016, 07:48 AM IST

IEA says worst may be over for oil price

The oil price may have finally bottomed out after an unprecedented drop over the past 18 months, the International Energy Agency (IEA) said today, noting oil's "remarkable recovery" over recent weeks.

Mar 11, 2016, 23:44 PM IST

Oil prices may drop to $25/barrel: Moody's

Global oil and gas prices are likely to remain at current lows for several years, with oil dropping to USD 25 per barrel if Iranian production more than offsets supply cuts elsewhere, Moody's Investors Service said Tuesday.

Mar 08, 2016, 19:46 PM IST

Global headwinds no sign of a recession, says Moody's

The prolonged decline in oil prices and weaker expansion in Chinese economy have dimmed growth prospects of several economies, but it does not signal a threat of global recession, Moody's Investors Service said on Tuesday.

Mar 08, 2016, 10:38 AM IST