Oil prices rise as US output falls, eyes on cap talks
Oil prices resumed their rise in Asian trade on Thursday despite an increase in US inventories, with traders hoping talks among major producers could lead to an output cap.
Mar 03, 2016, 12:14 PM IST
India's oil imports from Iran jump by over a fifth in February
India`s oil imports from Iran rose by over a fifth in February, the first month after a nuclear deal that lifted restrictions on Tehran`s oil exports, preliminary tanker data obtained by Reuters shows.
Mar 03, 2016, 08:19 AM IST
Saudi, Iraq sell more oil to India, elbow out Latin America crudes
India`s oil imports from Saudi Arabia and Iraq hit the highest in more than a decade last month as OPEC`s top producers gained at the expense of Latin American crudes, a validation of the OPEC policy of maintaining output and fighting for market share.
Feb 20, 2016, 17:15 PM IST
Oil rockets from 12-year low on renewed talk of OPEC cut
Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.
Feb 13, 2016, 00:55 AM IST
US oil prices dive below $27 a barrel
US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC.
Feb 11, 2016, 08:10 AM IST
IEA takes oil market bulls to the slaughterhouse
Oil prices may have rebounded off 12-year lows struck last month, but any hope for a broader recovery in the market would be misplaced, the IEA said Tuesday, noting OPEC is responsible for the latest glut of supplies on the market.
Feb 09, 2016, 19:36 PM IST
Oil slides to lowest since 2003 as Iran sanctions are lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend.
Jan 18, 2016, 08:59 AM IST
Oil options lurch closer to $20 per barrel Goldman doomsday forecast
When US investment bank Goldman Sachs said last year that oil could fall as low as $20 per barrel, it assigned a fairly low probability to that scenario.
Jan 11, 2016, 23:24 PM IST
Iran-Saudi crisis punches another hole in OPEC unity
Escalating diplomatic tensions between Iran and Saudi Arabia have added fresh strains on OPEC's unity as the cartel grapples with a common response to rock-bottom oil prices, experts said.
Jan 06, 2016, 13:03 PM IST
Saudi 2016 growth to dive as debt rises, reserves drop
Saudi economic growth is set to slow further in 2016 after the OPEC heavyweight announced record deficits due to the slump in oil prices.
Dec 30, 2015, 16:16 PM IST
Oil hits 11-year low on glut worries
European benchmark Brent crude slid to an 11-year low on Monday as oil prices resumed their slide in an oversupplied global market facing the prospect of renewed US exports.
Dec 21, 2015, 13:36 PM IST
Oil prices drop as OPEC output rises; Brent below $40 per barrel
European benchmark Brent oil for January delivery shed 38 cents to $39.73 a barrel in London. It was Brent`s first close below the $40 line since February 2009.
Dec 11, 2015, 02:33 AM IST
Oil prices rise but stay near multi-year lows
Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will continue past next year.
Dec 09, 2015, 19:11 PM IST
Oil prices near a 7-year low of $37 per barrel
Oil prices resumed their slide on Tuesday, with U.S. crude falling below $37 per barrel for the first time since early 2009, amid fears the world was running out of capacity to store crude as a global glut intensifies.
Dec 08, 2015, 19:35 PM IST
Oil falls towards 2015 low on OPEC inaction, strong dollar
Oil prices edged closer to 2015 lows on Monday after OPEC`s meeting ended without a reference to its output ceiling and a stronger dollar made it more expensive to hold crude positions.
Dec 07, 2015, 20:57 PM IST![Venezuela opposition thrashes "Chavismo" to win legislature](https://english.cdn.zeenews.com/sites/default/files/styles/zm_700x400/public/2015/12/07/439238-venezuela.jpg "Venezuela opposition thrashes "Chavismo" to win legislature")
Venezuela opposition thrashes "Chavismo" to win legislature
Venezuela`s opposition trounced the ruling Socialists on Sunday to win the legislature for the first time in 16 years and gain a long-sought platform to challenge President Nicolas Maduro`s rule of the OPEC nation.
Dec 07, 2015, 15:14 PM IST
Iran insists on `right` to raise oil output: Minister
Iran will not bow to pressure to avoid increasing its oil output following the lifting of sanctions despite slumping crude prices, its oil minister insisted here on Thursday.
Dec 03, 2015, 18:08 PM IST
OPEC meets under oil supply glut cloud
OPEC gathers in Vienna this week to decide on whether to trim the cartel`s oil output faced with a global supply glut, sliding prices and weak demand growth.
Dec 02, 2015, 19:05 PM IST
Oil prices drop amid rising supplies
Oil prices fell on Tuesday as market expected that the US supplies continued to expand.
Nov 18, 2015, 06:31 AM IST
OPEC chief confident of a balanced oil market in 2016
Venezuela -- which has been trying hard to persuade oil producers to cut output to boost prices -- said Thursday a technical meeting of OPEC and other crude-producing countries would take place on October 21.
Oct 12, 2015, 00:44 AM IST
