Oil nears $80 on possible OPEC cut, strong US data
Brent was up 30 cents at $79.63 a barrel by 0850 GMT after jumping $1.23 in the previous session. The benchmark could snap an eight-week slide if the gains are sustained on Friday.
Nov 21, 2014, 16:46 PM IST
Oil nears $80 on possible OPEC cut, strong US data
Brent was up 30 cents at $79.63 a barrel by 0850 GMT after jumping $1.23 in the previous session. The benchmark could snap an eight-week slide if the gains are sustained on Friday.
Nov 21, 2014, 16:46 PM IST
Brent touches $80 on possible OPEC output cuts, strong US data
Brent briefly rose to $80 a barrel on Friday on speculation OPEC could agree to output cuts at its meeting next week, with strong U.S. economic data also bolstering oil prices.
Nov 21, 2014, 15:09 PM IST
Oil prices rise on fresh hopes of OPEC output trim
US benchmark West Texas Intermediate for January delivery climbed 48 cents to USD 76.33 on the contract's first day of trading.
Nov 21, 2014, 10:41 AM IST
Oil market rebounds slightly, with OPEC in focus
Global oil prices rebounded somewhat today as traders eyed next week's crucial OPEC output meeting and digested key US stockpiles data.
Nov 20, 2014, 13:40 PM IST
Oil prices down in Asian trade
Singapore`s United Overseas Bank (UOB) said expectations are for the recent price plunge to "force OPEC to cut production".
Nov 17, 2014, 08:45 AM IST
Brent stays near 4-year low above $77 on glut, OPEC worries
Brent crude held near a four-year low just above $77 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks.
Nov 14, 2014, 14:03 PM IST
Brent oil hits four-year low below $80, awaits OPEC
Brent crude oil fell to a four-year low below $80 a barrel on Thursday after Chinese data showed a further slowdown in activity in the world`s biggest energy consumer and Saudi Arabia remained silent about a possible cut in production.
Nov 13, 2014, 19:04 PM IST
Brent oil slips towards $81/barrel, near four-year low
Brent crude slipped near $81 a barrel on Wednesday, hovering just above a four-year low as the growing oil glut created by the US shale boom continued to outweigh concerns about supplies from Libya.
Nov 12, 2014, 18:01 PM IST
Oil prices slide amid questions on reported Saudi cuts
Crude oil prices fell Friday on global demand worries and questions about Saudi Arabia`s reported production cuts that pushed up prices on Thursday.
Oct 25, 2014, 01:51 AM IST
Oil prices rise on Chinese data
Oil prices rose today as caution returned after a weak rally spurred by upbeat industrial production data from China, the world's top energy consuming nation, analysts said.
Oct 22, 2014, 01:30 AM IST
Oil prices fall after brief rally
Oil prices dipped Monday on concerns about high supplies and more signs from key Middle Eastern producers that OPEC has no plans to cut crude output.
Oct 21, 2014, 02:25 AM IST
Oil prices slide to over 4-year low; Brent crude at $88 per barrel
Oil prices fell to fresh multi-year lows in Asian trade Tuesday, with analysts blaming concerns about a supply glut and the effects of weaker demand from Europe and China.
Oct 14, 2014, 09:26 AM IST
India ships in 50% more Iranian oil in Jan-Aug
Indian imports of Iranian oil rose by nearly half to 271,000 barrels per day (bpd) in January-August from a year ago, when refineries cut purchases due to worries about insurance coverage for processing crude from Tehran, data from trade sources shows.
Sep 18, 2014, 11:58 AM IST
No need for urgent OPEC meet on lower oil price: Kuwait
OPEC member Kuwait said on Thursday there was no need to call an emergency meeting for the producers` cartel to discuss sliding oil prices after crude hit a 17-month low.
Sep 11, 2014, 18:04 PM IST
IEA cuts oil demand outlook on weaker growth in Europe, China
The growth in demand for oil this year and next will be markedly lower than expected, the IEA said.
Sep 11, 2014, 15:01 PM IST
Brent slips but holds above $100 on OPEC output cut hopes
Expectations of production cuts by the Organization of the Petroleum Exporting Countries come as Gulf Arab oil ministers gather on Thursday in Kuwait for an annual meeting which could include discussion about price levels.
Sep 09, 2014, 11:37 AM IST
Oil prices down on ebbing supply fears
Disruptions in supply to neighbouring Turkey and Jordan have hit Iraq hard as it is heavily dependent on oil revenues while spending more to battle the Islamic State.
Aug 12, 2014, 09:51 AM IST
Oil prices plunge as Libyan supplies ramp up
Global oil prices dived on Friday on the prospect of Libyan oil production ramping up after rebels lifted blockades on shipping terminals.
Jul 12, 2014, 14:38 PM IST
Oil prices rise on weak dollar
Oil prices rose in Asia Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said.
Jul 01, 2014, 09:34 AM IST
