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Page 17 - Oil

Oil prices slump as OPEC and Russia consider output boost

Russia says oil output cuts likely to be eased at June meeting

Oil prices slump as OPEC and Russia consider output boost
Updated On : 26 May 2018 | 12:33 AM IST

Rupee becomes Asia's worst-carry trade after $70 a bbl 'crude' shock

The cost increase in India's biggest import item widens the nation's current-account and fiscal deficits, and has turned the currency into Asia's worst performer

Rupee becomes Asia's worst-carry trade after $70 a bbl 'crude' shock
Updated On : 07 May 2018 | 10:13 AM IST

Crude oil breaches $70 a bbl as markets await Trump call on Iran sanctions

Iran has come out against higher prices, after a rally of over 12% this year on output cuts by the OPEC and its allies as well as rising geopolitical risks in the Middle East

Crude oil breaches $70 a bbl as markets await Trump call on Iran sanctions
Updated On : 07 May 2018 | 10:07 AM IST

Oil markets tense on western strikes on Syria, rising US drilling

Brent crude oil futures were at $71.87 per barrel at 0124 GMT, down 71 cents, or 1 percent from their last close

Oil markets tense on western strikes on Syria, rising US drilling
Updated On : 16 Apr 2018 | 10:48 AM IST

Oil hits two-week high on share market recovery, Mideast tensions

Brent crude was up 89 cents at $65.73 a barrel at 1802 GMT, after rising to an 11-day high of $65.75 a barrel earlier in the session

Oil hits two-week high on share market recovery, Mideast tensions
Updated On : 20 Feb 2018 | 1:23 AM IST

Govt's 60% oil block sell-off plan may hit dual contract roadblock

Govt plans to sell 60% stake in 15 fields of ONGC, Oil India to rope in private firms as part of production enhancement policy

Govt's 60% oil block sell-off plan may hit dual contract roadblock
Updated On : 05 Feb 2018 | 8:46 PM IST

Blood oil: More than half the oil traded across the world has been stolen

The source of the problem is an archaic law left over from the days of the Atlantic slave trade

Blood oil: More than half the oil traded across the world has been stolen
Updated On : 29 Jan 2018 | 9:30 AM IST

Oil scores best opening week in half a decade

US inventories are shrinking at a time when OPEC and allies producers including Russia are working to trim a global glut

Oil scores best opening week in half a decade
Updated On : 07 Jan 2018 | 1:46 AM IST

Oil hovers near $52 a barrel

Oil is holding a second week of gains after the strongest signal yet that the Opec will extend supply curbs until the end of 2018

Oil hovers near $52 a barrel
Updated On : 24 Oct 2017 | 2:20 AM IST

Oil hits highest since July 2015 as producers say market rebalancing

US West Texas Intermediate crude for November delivery rose $1.02, or 2%, to $51.68 a barrel

Oil hits highest since July 2015 as producers say market rebalancing
Updated On : 25 Sep 2017 | 11:03 PM IST

About 25% of US Gulf oil output offline due to Harvey

This equates to 428,568 bpd out of roughly 1.75 mn bpd of oil pumped from the Gulf

About 25% of US Gulf oil output offline due to Harvey
Updated On : 27 Aug 2017 | 2:34 AM IST

Oil prices fall on weak Chinese refining activity

US West Texas Intermediate (WTI) crude futures were at $48.70 a barrel, down 12 cents, or 0.3%

Oil prices fall on weak Chinese refining activity
Updated On : 14 Aug 2017 | 2:15 PM IST
Saudi to cut crude oil allocations by 520,000 barrels a day in September
Updated On : 08 Aug 2017 | 4:07 PM IST

Oil majors gushing in cash despite cheap crude

Prospect of crude remains at $50 level is no longer a doomsday scenario for the world's oil majors

Oil majors gushing in cash despite cheap crude
Updated On : 03 Aug 2017 | 5:55 PM IST

Big oil just woke up to the threat of rising electric car demand

BP anticipates 100 million EVs on the road by 2035, a 40% increase in its outlook

Big oil just woke up to the threat of rising electric car demand
Updated On : 16 Jul 2017 | 1:38 AM IST

Hefty oil bills: Centre exhorts national firms to raise output

India's import dependence has since only risen to 81%

Hefty oil bills: Centre exhorts national firms to raise output
Updated On : 30 Jun 2017 | 2:57 AM IST

Global oil discoveries fell to record low in 2016, says IEA

Slowdown in activity in oil sector was due to reduced investment spending driven by low oil prices

Global oil discoveries fell to record low in 2016, says IEA
Updated On : 09 Jun 2017 | 12:36 PM IST

Oil slides as US climate withdrawal compounds glut concerns

US West Texas Intermediate crude futures fell $1.45 cents to $46.91 per barrel

Oil slides as US climate withdrawal compounds glut concerns
Updated On : 02 Jun 2017 | 5:19 PM IST

Oil rises to $52 as Saudi Arabia, Russia back longer supply cuts

Oil jumped more than 2% to its highest in more than three weeks on Monday

Oil rises to $52 as Saudi Arabia, Russia back longer supply cuts
Updated On : 16 May 2017 | 12:01 AM IST

India's oil boom stalls

Gasoline consumption growth has been slowing since the middle of 2016

India's oil boom stalls
Updated On : 13 May 2017 | 10:31 PM IST