crude oil - Latest News, Analysis, Opinion

The rupee on Wednesday had depreciated by 25 paise to close at 70.46 against the US dollar

Iran Minister Says EU Trade Arrangement Moving Slowly, Talking To India, China

The EU wanted a so-called special purpose vehicle (SPV) to help preserve the economic benefits for Iran deriving from the curbs Tehran placed on its nuclear programme under a 2015 deal with world powers

Indian State Firms Allowed Private Help With Old Oil, Gas Blocks

India is the world's third-largest oil consumer and buys about 80 per cent of its supplies from abroad. Prime Minister Narendra Modi has set a target to cut India's dependence on foreign oil to 67 per cent by 2022

IEA Sees Global Oil Supply Tightening More Quickly In 2019

Uncertainty over the global economy stemming from U.S.-China trade tensions could undermine oil consumption next year, as growth in supply gathers pace

Oil Prices Extend Gains On Expected OPEC-Led Supply Cuts

International Brent crude oil futures were up 40 cents, or 0.7 percent, at $62.09 per barrel.

Qatar To Withdraw From OPEC As Of January 2019: Minister

The announcement comes ahead of the meeting by OPEC and its allies including Russia on Dec. 6-7 to discuss cutting supply

Global Markets: Asian Shares, Oil Soar On Sino-U.S. Trade Truce

Trade-exposed currencies led the early gains, with the Australian dollar notching a four-month peak, while the dollar dropped to one-month lows against the yuan

Oil Breaks Above $60/BBL, But Doubts About Growth Curb Gains

Prices on Friday hit their lowest since October 2017 amid intensifying fears of a supply glut. Brent sank to $58.41 a barrel, while WTI fell to $50.15 a barrel

Rupee Hits Near 12-Week High; Traders Say RBI Not Seen In Market

Economy India

The rupee strengthened past the psychological 71-to-the-dollar mark, climbing to as much as 70.9175, the highest since Sept. 3 and compared to its previous close of 71.46 on Tuesday

Rupee Jumps 36 Paise Against US Dollar On Crude Cool-Off

The recovery in rupee was also supported by dollar-selling by exporters and banks, foreign fund inflows and the greenback's weakness against some currencies overseas, traders said

Rupee Rises 67 Paise Against US Dollar On Falling Crude Prices

The rise in the rupee was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas, traders said

Sensex Dives 346 Points Amid Fresh Concerns Over Crude, Rupee

Companies & Markets Markets Stock Market

Mixed leads from most other Asian markets and a lower opening of european shares too fuelled the downtrend

Saudi Minister Calls For 1 Million BPD Global Oil Output Cut

Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia said Saudi Arabia will cut its production by 500,000 bpd as of next month to help stabilise the market

Oil Prices Jump After Saudi Arabia Announces December Supply Cut