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Page 20 - Oil

India receives its first oil parcel from Iran

India will receive 6 million barrels from Iran, while approaching UAE and Saudi Arabia for meeting the remaining demand

India receives its first oil parcel from Iran
Updated On : 12 Oct 2016 | 6:51 PM IST

Oil edges up on record Indian imports, hopes of producer cut

India's oil imports rose 4.4 per cent in September from the previous month to a record high 4.47 million barrels per day

Oil edges up on record Indian imports, hopes of producer cut
Updated On : 12 Oct 2016 | 2:34 PM IST

India's September Iran oil imports fall 4.1% on August

Average imports over the period were at their highest in at least 15 years

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Updated On : 12 Oct 2016 | 11:43 AM IST

Oil edges up before producer talks on output curbs

Brent crude was up 9 cents at $52.50 a barrel

Oil edges up before producer talks on output curbs
Updated On : 12 Oct 2016 | 8:23 AM IST

Oil off the boil, shares toil, sterling in trouble

Sterling was back under $1.23 and 90 pence per euro while the dollar muscled its way to an 11-week high

Oil off the boil, shares toil, sterling in trouble
Updated On : 11 Oct 2016 | 4:08 PM IST

Oil prices dip on surging Iran sales, but looming OPEC deal offers support

US West Texas Intermediate crude was down 25 cents at $48.56 a barrel

Oil prices dip on surging Iran sales, but looming OPEC deal offers support
Updated On : 04 Oct 2016 | 1:18 PM IST

Oil prices fall on high production despite planned OPEC output cut

US West Texas Intermediate futures were down 26 cents, or 0.5 per cent, at $47.98 a barrel

Oil prices fall on high production despite planned OPEC output cut
Updated On : 03 Oct 2016 | 9:21 AM IST

Oil slumps as Iran-Saudi discord dims freeze prospects

US benchmark West Texas Intermediate for delivery in November fell 3.5 per cent to $44.31 a barrel in New York trade on Tuesday

Oil slumps as Iran-Saudi discord dims freeze prospects
Updated On : 28 Sep 2016 | 2:07 AM IST

Oil steady as market awaits Algiers meeting; funds cut bullish bets

Brent crude futures were down 2 cents on the day at $45.87

Oil steady as market awaits Algiers meeting; funds cut bullish bets
Updated On : 26 Sep 2016 | 3:11 PM IST

Oil prices rebound after Algeria says all options open at OPEC meeting

Brent crude futures climbed 39 cents to $46.28 a barrel and US WTI crude futures rose 32 cents to $44.80 a barrel

Oil prices rebound after Algeria says all options open at OPEC meeting
Updated On : 26 Sep 2016 | 10:42 AM IST

Oil prices rebound after Algeria says all options open at OPEC meeting

Brent crude futures advanced 42 cents to $46.31 after settling down $1.76

Oil prices rebound after Algeria says all options open at OPEC meeting
Updated On : 26 Sep 2016 | 9:15 AM IST

Oil climbs 1% after surprise US crude stock draw

International benchmark Brent crude futures were also up, gaining 48 cents, or 1%, from their last close to $47.31 per barrel

Oil climbs 1% after surprise US crude stock draw
Updated On : 22 Sep 2016 | 10:05 AM IST

Govt set to buy Iran oil for emergency reserves: Sources

The step comes as Iran's daily crude exports to India surged to the highest level in 15 years in August

Govt set to buy Iran oil for emergency reserves: Sources
Updated On : 20 Sep 2016 | 1:34 PM IST

Oil climbs as Venezuela sees output deal, Libya suffers clashes

Venezuelan President Nicolas Maduro has said that a deal could be announced this month to stabilise oil markets

Oil climbs as Venezuela sees output deal, Libya suffers clashes
Updated On : 19 Sep 2016 | 9:31 AM IST

Oil prices down as Libya, Nigeria set to raise output

A persistent crude supply glut has hammered prices for more than two years as rival producers maintain high output levels in their fight for market share

Oil prices down as Libya, Nigeria set to raise output
Updated On : 16 Sep 2016 | 11:54 AM IST

Oil rises on draw in US crude stocks, but supply worries remain

Crude prices have fallen by around eight per cent in the last five trading sessions

Oil rises on draw in US crude stocks, but supply worries remain
Updated On : 15 Sep 2016 | 3:04 PM IST

Oil rises on draw in US crude stocks, but supply worries remain

Crude prices fell about 3% for a second straight day on Wed following a 4.6 million barrel build in US distillates inventories

Oil rises on draw in US crude stocks, but supply worries remain
Updated On : 15 Sep 2016 | 8:38 AM IST

Payment mechanism for African oil economies to open up delayed payments to Indian exporters

It will be a rupee mechanism wherein payment for imports from these countries will be made into a vostro account that will be then used to settle dues of domestic exporters

Payment mechanism for African oil economies to open up delayed payments to Indian exporters
Updated On : 14 Sep 2016 | 1:25 PM IST

Shares crumble as oil falls, bond yields soar on stimulus doubts

Rise in US bond yields came even as expectations on the Federal Reserve's monetary policy outlook hardly changed

Shares crumble as oil falls, bond yields soar on stimulus doubts
Updated On : 14 Sep 2016 | 12:27 PM IST

Oil rises on smaller-than-expected build in US crude stocks

US West Texas Intermediate futures were up 29 cents, or 0.7 per cent, at $45.19 a barrel

Oil rises on smaller-than-expected build in US crude stocks
Updated On : 14 Sep 2016 | 10:24 AM IST