Venezuelans stay away from polls to protest government vote
Venezuela's chief prosecutor's office reported seven deaths yesterday in clashes between protesters and police across the country.
Jul 31, 2017, 08:00 AM IST
Donald Trump threatens sanctions if Venezuela creates Constituent Assembly
U.S. President Donald Trump threatened on Monday to take "strong and swift economic actions" if Venezuelan President Nicolas Maduro goes ahead with plans to create a super-legislature known as a Constituent Assembly in a July 30 vote.
Jul 18, 2017, 15:54 PM IST
Oil languishes near multi-month lows on glut fears
Oil prices held near multi-month lows on Wednesday as investors discounted evidence of strong compliance by OPEC and non-OPEC oil producers with a deal to cut a global output.
Jun 21, 2017, 13:01 PM IST
Oil sits near half-year lows as global supply overhang weighs
Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.
Jun 16, 2017, 10:38 AM IST
Oil hits 6-week low as OPEC fails to curb oversupply
Brent crude oil fell 30 cents to USD 46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little to trade around USD 46.90 by 0945 GMT.
Jun 15, 2017, 15:58 PM IST
US oil output hampering market rebalancing: OPEC
Increased oil production in the United States is hampering efforts to balance out market supply and demand, OPEC said on Tuesday.
Jun 13, 2017, 16:50 PM IST
OPEC to extend output cuts, to set up OPEC-India Working Group
Even as the OPEC and non-OPEC producers agreed to extend until March 2018 their ongoing oil output cuts, India has reached an understanding with the global oil cartel to establish a joint working group to serve as a forum for "producer-consumer dialogue" to address mutual concerns.
May 26, 2017, 16:09 PM IST
World stocks hit record after Fed minutes, oil up as OPEC meets
World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signalled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.
May 25, 2017, 15:27 PM IST
Oil prices rise as market expects extended production cut
Oil prices rose on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
May 24, 2017, 12:12 PM IST
OPEC set to prolong oil output cuts by nine months
OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
May 24, 2017, 11:07 AM IST
Oil market 'almost balanced' despite rising US supply: IEA
Supply and demand in the oil market are close to matching up, the IEA said on Tuesday, but rising US supply could mitigate landmark OPEC-led production cuts.
May 16, 2017, 15:29 PM IST
Oil off on supply fears; stocks slip before French election
Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks slipped ahead of the first round of the French presidential election on Sunday.
Apr 22, 2017, 15:24 PM IST
Oil producers might have to extend output cuts: Saudi Minister
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first six months of the year in order to achieve the desired rebalancing of the market.
Apr 20, 2017, 13:50 PM IST
OPEC 'optimistic' oil output cuts leading to price recovery
OPEC members agreed in November to cut production by 1.2 million barrels per day for six months beginning from the start of the year.
Apr 19, 2017, 16:18 PM IST
Oil prices firm on strong demand, political uncertainty in Syria
US West Texas Intermediate (WTI) crude futures were up 10 cents at $52.34 a barrel.
Apr 10, 2017, 10:19 AM IST
Oil hits one-month high near $55 on tighter supplies
Oil hit a one-month high near $55 a barrel on Wednesday as a drop in US crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage at a UK North Sea oilfield lent support.
Apr 05, 2017, 16:43 PM IST
Oil hits 3-week highs as OPEC deal extension seen likely
Oil prices jumped for a third day on Thursday to their highest in three weeks after Kuwait gave its backing for an extension of OPEC production cuts in an attempt to reduce global oversupply.
Mar 30, 2017, 23:44 PM IST
Oil slips towards $50 on doubts over duration of output cut
Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.
Mar 27, 2017, 17:30 PM IST
Oil prices hit lowest since November on expanding US inventories
Oil prices slipped to almost four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June.
Mar 22, 2017, 17:41 PM IST
OPEC countries complying with agreed output cuts: IEA
OPEC countries are largely complying with a landmark deal to reduce the global oil glut, the IEA said Friday, as it predicted that oil demand was likely to be more vigorous than anticipated this year.
Feb 10, 2017, 19:24 PM IST
