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
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
OPEC supply cut deal to add as much as $10 to H1 2017 oil prices: Goldman
Goldman Sachs said the deal reached by OPEC crude producers on Wednesday to curb output should add $7 to $10 to oil prices in the first half of next year.
Sep 29, 2016, 11:58 AM IST
Oil prices fall as Brexit lingers, refined products glut looms
Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.
Jun 27, 2016, 09:49 AM IST
Moody's ups oil price forecast to $40 per barrel for 2016
Moody's Investors Service on Friday revised upwards its price forecast for oil this year on the back of recent uptick in rates.
Jun 17, 2016, 19:04 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
Oil prices may drop to $25/barrel: Moody's
Global oil and gas prices are likely to remain at current lows for several years, with oil dropping to USD 25 per barrel if Iranian production more than offsets supply cuts elsewhere, Moody's Investors Service said Tuesday.
Mar 08, 2016, 19:46 PM IST
World Bank cuts 2016 oil forecast, Indian basket at 14-year low
World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections.
Jan 27, 2016, 17:04 PM IST
Oil plunges below $30 per barrel, first time since Dec 2003
Oil plunged below $30 per barrel on abundant crude supplies, as OPEC member Nigeria called for an emergency meeting to address collapsing prices that have ravaged revenues.
Jan 13, 2016, 00:01 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
Oil slides below $33 to near 12-year low as China turmoil rattles investors
Oil fell below $33 a barrel on Thursday for the first time since April 2004 as a fall in Chinese shares rattled investors already concerned by near-record production and massive stockpiles of unwanted crude and refined products.
Jan 07, 2016, 21:24 PM IST
Oil falls to $37, near 11-year low, as excess supply weighs
Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.
Dec 28, 2015, 21:26 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
Global crude oil price of Indian basket falls to $34.20/barrel
The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 34.20 per barrel on Wednesday, compared to USD 34.25 per barrel on the previous publishing day.
Dec 17, 2015, 13:42 PM IST
US crude resumes decline as oversupply concerns return
US crude oil prices fell in early Asian trade, resuming their decline after strong gains on Monday snapped a six-day losing streak, on concerns about a global glut and mild winter demand.
Dec 15, 2015, 06:45 AM IST
Know how low oil prices affect Indian economy
Know how low oil prices will create favourable environment for the Indian economy...
Dec 15, 2015, 03:52 AM IST
Know why petrol price in India is so high despite oil in international market at 11-year low
Despite deregulation, prices of petrol and diesel in India are very high than that of international crude oil.
Dec 15, 2015, 00:17 AM IST
Watch: How falling crude oil prices affect Indian economy
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Dec 14, 2015, 16:09 PM IST
Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm
Brent`s session low was $37.36 - barely a dollar above the$36.20 hit during the financial crisis. If it falls through that, it will go to June 2004 lows, when it traded at around $34 a barrel.
Dec 12, 2015, 00:59 AM 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
