Commodity News - Energy

Oil prices down in Asia

26 Jan 2015

Oil fell in Asia today after the anti-austerity party Syriza swept to victory in Greece's general elections, dealing a further blow to the ...

Govt asks refiners to cut Iran oil imports ahead of Obama visit

23 Jan 2015

Govt has raised its crude shipments from Iran around 40% over the first nine months of the current fiscal year

Oil drops below $49 after ECB announces bond buying

22 Jan 2015

ECB President Mario Draghi said the bank would buy 60 billion euro of government bonds a month

Oil inches above $48, outlook remains weak

21 Jan 2015

Prices fell on Tuesday after IMF cut its 2015 global economic forecast

Domestic crude oil production falls 1.4% in December

21 Jan 2015

State-owned Oil and Natural Gas Corp (ONGC) reported a 0.7% rise in output at 1.9 million tons on the back of 5% surge in offshore ...

Iran sees 'no threat' from oil at $25 as prices keep falling

20 Jan 2015

Oil has fallen more than 30% since Opec's decided on November 27 to keep its ceiling unchanged at 30 million barrels a day

Oil prices edge lower in Asian trade

19 Jan 2015

Oil prices edged lower in Asia today as a rally late last week fizzled out owing to lingering concerns about weak demand and a global ...

Crude oil falls on weak overseas cues

16 Jan 2015

Crude oil futures today fell by Rs 54 to Rs 2,893 per barrel as speculators trimmed positions amid a weak global trend.

Oil prices edge up in Asian trade

16 Jan 2015

Oil prices rebounded in Asia today after plunging in the previous session in reaction to news that the OPEC cartel had overproduced in ...

Oil prices jump on dollar weakness, short covering

15 Jan 2015

Oil and other commodities are priced in dollars and tend to gain when the US currency falls

Oil prices rally loses steam in Asian trade

15 Jan 2015

Oil prices fell in Asia today after a bargain-buying rally the day before lost steam, with a pick-up in US inventories reinforcing ...

Oil prices dip further in Asian trade

14 Jan 2015

Oil prices slipped further toward six-year lows in Asia after major crude producers stressed they will maintain output levels despite an ...

Oil prices: What is behind the drop? Simple economics

14 Jan 2015

Production is likely to begin declining in the second half of the year, and then crude prices will also begin to recover

OMCs' ethanol procurement tender gets weak response

13 Jan 2015

970 mn litres What OMCs wanted for the current cane crushing season

Oil price dips as UAE defends holding output

13 Jan 2015

Brent and US WTI crude oil prices fell to their lowest in about six years on Tuesday as the United Arab Emirates, a major Organization of ...

Oil prices hit near 6-year lows despite record China crude imports

13 Jan 2015

Oil prices continued their rout on Tuesday with Brent crude and U.S. WTI both falling to their lowest in almost six years, as a persistent ...

Oil extends 'disconcerting' fall

13 Jan 2015

Oil extended its 'disconcerting' plunge towards six-year lows in Asia today after Wall Street giant Goldman Sachs lowered its price ...

Oil falls further in Asian trade

12 Jan 2015

Oil fell further in Asia today, with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five ...

Oil prices up in Asia after recent heavy falls

09 Jan 2015

Oil prices rose in Asia today after recent heavy falls, but analysts said the upturn is not likely to be very strong owing to excessive ...

Why crude oil will not stay at $50

09 Jan 2015

World markets in a tizzy on concerns that price below $50 per barrel would impact fresh investments

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