Crude Oil

US crude down 3% after big stockpile build report

Oil prices tumbled on Wednesday, with U.S. crude falling more than 3 percent, after an unexpectedly large inventory build in the world`s biggest oil consumer renewed worries about oversupply.

Aug 24, 2016, 22:19 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

Oil prices extend gains on Saudi minister's comments

Oil prices climbed further on Friday as investors were digesting the latest remarks from Saudi Energy Minister.

Aug 13, 2016, 09:38 AM IST

Price of brent crude crosses 46$ / barrel

Price of brent crude crosses 46$ / barrel. Watch this special segment and get to know more here.

Aug 12, 2016, 16:05 PM IST

IEA cuts oil demand forecast on Brexit impact

The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.

Aug 11, 2016, 16:51 PM IST

Pradhan pitches for cut in oil cess

Petroleum Minister Dharmendra Pradhan has asked Finance Ministry to cut cess on domestically produced crude oil to 10-12 per cent from current 20 percent to provide relief to producers hit by slump in prices.

Aug 03, 2016, 17:02 PM IST

Iraq overtakes Saudi Arabia as India's top oil seller

Iraq has overtaken Saudi Arabia to become India's top crude oil supplier while Iran has grabbed the fourth biggest exporter slot post lifting of sanctions.

 

Jul 25, 2016, 16:28 PM IST

ONGC saddled with Rs 392 cr additional royalty, Rs 1,100 cr burden on Oil India

ONGC will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise.

Jul 22, 2016, 10:47 AM IST

Hike in crude prices after decline of US stocks

Hike in crude prices after the decline of US stocks. Watch this special segment and get to know more here.

Jul 20, 2016, 21:05 PM IST

Oil prices dip in Asia as oversupply worries return

Oil prices turned lower again in Asia on Wednesday after data indicated a rise in US stockpiles, reigniting concerns about a supply glut, while profit-takers stepped in after the previous day's surge.

Jul 13, 2016, 10:40 AM 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

Oil prices above $50, buoyed by US stock draw

Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks.

Jun 22, 2016, 06:33 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

Dr Subhash Chandra Show: How to handle success?- Part IV

This week Dr Subhash Chandra Show reached the educational hub of the country, Pune.

Jun 12, 2016, 00:38 AM IST

Dr Subhash Chandra Show: How to handle success?-Part III

This week Dr Subhash Chandra Show reached the educational hub of the country, Pune.

Jun 12, 2016, 00:37 AM IST

Dr Subhash Chandra Show: How to handle success?- Part II

This week Dr Subhash Chandra Show reached the educational hub of the country, Pune.

Jun 12, 2016, 00:36 AM IST

Dr Subhash Chandra Show: How to handle success?

This week Dr Subhash Chandra Show reached the educational hub of the country, Pune.

Jun 12, 2016, 00:34 AM IST

Saudi Arabia unveils first targets in sweeping reform plan

In a press conference in the early hours of Tuesday in Jeddah, officials revealed sweeping plans to create some 450,000 non-government jobs by 2020, boost non-oil revenues and cut the cost of public wages.

Jun 07, 2016, 17:03 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

Petrol prices up Rs 4.47/litre, diesel Rs 6.46 in last 5 weeks

Petrol price has been hiked by a steep Rs 4.47 a litre and diesel by Rs 6.46 per litre in the last five weeks, taking retail rates to their highest level in one year.

 

Jun 01, 2016, 14:24 PM IST