Oil prices slip as analysts warn of correction after 13% gain in the past month
Brent crude futures were at $69.07 a barrel at 0441 GMT, down from a high of $69.37 earlier in the day and 18 cents below their last close.
Jan 17, 2018, 12:36 PM IST
Oil prices near three-year highs, supported by healthy demand
Prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth.
Jan 16, 2018, 12:45 PM IST
Oil bounces back from losses prompted by US fuel stocks
Data from the Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories fell by 5.6 million barrels in the week to December 1, to 448.1 million barrels, putting stocks below seasonal levels in 2015 and 2016.
Dec 07, 2017, 21:26 PM IST
Oil steadies above $62 per barrel, expected fall in US inventory supports
An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster US output which climbed to nearly 9.5 million barrels per day in September.
Dec 05, 2017, 16:43 PM IST
OPEC will stick to policy in second half of 2018: Saudi Arabia
Saudi Arabian energy minister Khalid al-Falih was speaking after meeting with US Energy Secretary Rick Perry, who said OPEC would make its own decisions and that he was comfortable the United States could work within those parameters.
Dec 04, 2017, 13:49 PM IST
Oil falls on uncertainty over OPEC deal, rise in US inventories
Brent crude futures were down 34 cents on the day at $63.27 a barrel, while US light crude fell 31 cents to $57.68 a barrel.
Nov 29, 2017, 16:34 PM IST
US crude extends rally to $58 per barrel, first time since 2015
Brent crude, the global benchmark, was up 57 cents at USD 63.14.
Nov 22, 2017, 18:35 PM IST
Oil steady near two-year highs, US supply increase caps rise
Middle East tensions have supported the market, despite concerns that output could rise further.
Nov 13, 2017, 23:27 PM IST
Oil dips on falling Chinese crude imports; overall market still well supported
China's October oil imports fell sharply from a near record-high of about 9 million barrels per day in September to just 7.3 million barrels per day in October, data from the General Administration of Customs showed on Wednesday.
Nov 08, 2017, 10:54 AM IST
Oil up on signs of tighter market, but 2018 looks more uncertain
Traders said they would look to the US fuel inventory data on Wednesday and Thursday for indicators on price direction.
Oct 11, 2017, 09:47 AM IST
Bold reforms have put India firmly on growth path: OPEC
In particular, OPEC's Secretary General Mohammed Barkindo said, oil cartel is working to better understand the potential impacts that such beneficial economic changes may have on future oil demand.
Oct 10, 2017, 16:53 PM IST
Oil prices stable as OPEC says market is rebalancing
Traders said that oil prices were supported as the Organization of the Petroleum Exporting Countries (OPEC) said oil markets were rebalancing fast after years of oversupply.
Oct 10, 2017, 09:32 AM IST
Dharmendra Pradhan raises with OPEC issue of premium being charged on oil
India`s engagement with the OPEC is important as India sources about 86 percent of crude oil, 75 percent of natural gas, 95 percent of LPG from the OPEC member countries.
Oct 09, 2017, 09:12 AM IST
Dharmendra Pradhan raises issue of premium on oil supplied to Asian countries by OPEC
Petroleum Minister Dharmendra Pradhan on Sunday again raised the issue of premium being charged on oil supplied to Asian countries by some OPEC members and asked that a reasonable pricing policy be adopted by the 13-nation producers' cartel.
Oct 08, 2017, 23:37 PM IST
Venezuela's unrest, food scarcity take psychological toll on children
Venezuelan siblings Jeremias, 8, and Victoria, 3, were in their pajamas and preparing to go to bed when a tear gas canister smashed through their family`s kitchen window in early July.
Oct 05, 2017, 18:22 PM IST
Oil prices dip on record US exports, but OPEC-led supply cuts lend support
The declines came after the Energy Information Administration (EIA) said late on Wednesday that US crude oil exports jumped to 1.98 million barrels per day (bpd) last week, surpassing the 1.5 million bpd record set the previous week.
Oct 05, 2017, 11:01 AM IST
US oil dips below $50 per barrel over doubts recent rally will last
Traders said the drops came over concerns that a third-quarter market rally that had lifted Brent to mid-2015 highs by late September had been overdone.
Oct 04, 2017, 10:52 AM IST
Oil set for strongest Q3 since 2004, Iraq hints at OPEC extension
Brent crude futures rose 29 cents to $55.43 a barrel by 0800 GMT, while US West Texas Intermediate (WTI) crude futures were up 42 cents at $49.90 a barrel.
Sep 20, 2017, 14:33 PM IST
Suicide attacks on restaurants, checkpoint, kill 60 in southern Iraq
Islamic State is also under siege in the Syrian city of Raqqa, its operational base for attacks in the Middle East and the West.
Sep 14, 2017, 23:37 PM IST
Oil prices fall amid broader market selloff, despite tightening supplies
Oil traders said the crude falls came amid a selloff across many other markets, including US and Asian stocks, where investors voted with their feet amid growing scepticism US President Donald Trump, embroiled in controversy, would achieve his economic agenda.
Aug 18, 2017, 20:03 PM IST
