Crude oil down on OPEC doubts as it floats 6-month output cap plan
Oil prices on Tuesday retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut.
Oct 12, 2016, 02:54 AM IST
Oil glut to last until mid-2017 unless OPEC cuts output: IEA
A massive oil glut may weigh on world markets deep into next year unless the OPEC producer cartel makes good on its promise to cut output, the International Energy Agency (IEA) said today.
Oct 11, 2016, 17:48 PM IST
Crude oil eases off 4-month high as speculators doubt deal to cut output
Oil eased off four-month highs on Monday as doubts over oil producers reaching a meaningful output cut deal brought some speculators to unwind bullish bets.
Oct 10, 2016, 15:37 PM IST
US oil prices top $50 a barrel for 1st time since June
Oil prices in New York rose above $50 a barrel on Thursday for the first time since June, boosted by lower US petroleum inventories.
Oct 06, 2016, 19:23 PM IST
Oil prices fall as investors cash in on OPEC deal rally
Oil prices fell on Friday as investors cashed in on a 6-percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide.
Sep 30, 2016, 15:55 PM IST
OPEC decided to reduce the production of crude
OPEC decided to reduce the production of crude. Watch this special segment and get to know more here.
Sep 29, 2016, 15:12 PM IST
OPEC agrees modest oil output curbs in first deal since 2008
OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group`s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Sep 29, 2016, 11:18 AM IST
Peru brings up Venezuela crisis at UN, Venezuela swipes back
Peru`s president Pedro Pablo Kuczynski told the United Nations General Assembly on Tuesday he is concerned about what he called the critical economic situation in Venezuela, citing shortfalls of food and medicine, while Venezuela accused him of meddling.
Sep 21, 2016, 09:07 AM IST
Shares crumble as oil falls, bond yields soar on stimulus doubts
Asian shares wallowed near six-week lows on Wednesday, bruised by a fall in oil prices on renewed worries about a supply glut and as investors grew nervous about the diminishing capacity of the world`s major central banks to shore up economic growth.
Sep 14, 2016, 12:09 PM IST
Oil tumbles 3% after both IEA, OPEC see glut persisting
Oil prices fell as much as 3 percent on Tuesday after both the world`s energy watchdog and OPEC revised forecasts that signalled the global crude glut could persist for much longer than expected.
Sep 14, 2016, 03:36 AM IST
Reliance Industries rated among top 10 global oil companies
India's Reliance Industries has been ranked 8th among top 10 global oil companies, according to a new survey released Thursday.
Sep 08, 2016, 10:01 AM IST
Iran supports 'any decision' to stabilise oil market: Minister
Tehran: Iran's oil minister said today that the Islamic republic supports "any decision" to stabilise the global oil market and that USD 50-60 per barrel is the desired price for most OPEC members.
Sep 06, 2016, 16:23 PM IST
Oil up, Brent over $50/bbl at 6-week high on OPEC freeze talk
Oil prices rose for a sixth straight day, with Brent crude touching a six-week high above $50 a barrel on Thursday as the world`s biggest producers prepared to discuss a possible freeze in production levels.
Aug 18, 2016, 22:51 PM IST
OPEC deal a tough task, as oil output freeze expectations rise
OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles to a deal.
Aug 15, 2016, 19:37 PM IST
OPEC sees oil glut continuing to ease in 2016-17
OPEC said Tuesday it expected the global supply glut to ease further this year and next thanks to reductions in oil output from producers outside the cartel, particularly the United States.
Jul 12, 2016, 18:35 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
'We want food!', Venezuelans cry at protest near presidency
Despite the country having the world`s biggest oil reserves, Venezuelans are suffering severe shortages of consumer goods.
Jun 03, 2016, 02:34 AM 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
Brent oil pushes above $50 for first time in nearly seven months
Brent had climbed 34 cents to $50.08 a barrel by 0520 GMT, its highest since Nov. 4. It ended the previous session up $1.13, or 2.3 percent.
May 26, 2016, 12:27 PM IST
Latest prices of diesel in major Indian cities
Latest prices of diesel in major Indian cities
May 16, 2016, 23:47 PM IST
