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Latest Articles in crude oil

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

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Oil Prices Jump After Saudi Arabia Announces December Supply Cut

Saudi Arabia plans to reduce oil supply to world markets by 500,000 barrels per day (bpd) in December, its energy minister said yesterday, as the country faces uncertain prospects in getting other producers to agree to a coordinated output cut

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Gave Exemptions To Some After They Sought 'Help' To Keep Oil Prices Down: Trump On Iran Sanctions

The US on Monday imposed "the toughest ever" sanctions on a defiant Iran aimed at altering the Iranian regime's "behaviour"

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Petrol, Diesel Prices Cut For 12th Straight Day

Petrol price was cut by 30 paise a litre and now costs Rs 79.75 a litre in Delhi, according to a price notification issued by state-owned oil firms. Diesel rates were reduced by 20 paise to Rs 73.85 a litre

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Top US Envoy On Iran To Hold Talks With India, European Nations On Oil Import

US Special Representative for Iran Brian Hook will travel to India and Europe to further discuss US foreign policy towards Iran ahead of Nov 4 deadline set by Trump administration for countries to bring down their import of Iranian oil to zero

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Surging Crude, Weakening Rupee Set Stage For Rate Hike In October 2018

Whether another rate hike succeeds in encouraging portfolio inflows and thereby reducing exchange rate volatility, remains to be seen

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Rupee Trims Some Losses, Down 15 Paise Against US Dollar

Amid no let up in crude oil prices in sight and persistent dollar demand from importers, rupee was trading 15 paise lower at 72.78 against US dollar in late morning deals

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India In Touch With EU Over Alternative Payment Mechanism For Iran Oil Imports

As US sanctions on Iranian crude oil import loom large, India is in talks with EU for an alternative channel for making payments to Iran as using US dollars for oil transactions will be restricted post Nov 4

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Rupee Slumps To Another Record Low Of 71.10 vs USD

The fall in rupee against US dollar is attributed to dwindling trend in emerging market currencies, rise in global oil prices, concerns over US-China trade war and contagion risks from Turkey and Argentina

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Rupee Strikes 71- Mark For The First Time Ever, Slumps To 26 Paise Against US Dollar

The Rupee fall to 71 mark driven on the back of steady demand for US currency amidst rising crude prices.

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Rupee Recovers Marginally To 68.95 Vs USD

The domestic unit plunged to a record low at 69.10 before gaining ground to 68.95 at 1030 hrs, still down by 34 paise

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Glass Half-full?

Strong, sustained growth is possible - if we don't trip ourselves up

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Rupee Slips 6 Paise To 65.55 Against US Dollar

The rupee opened higher at 65.44 from yesterday's closing level at 65.49 per dollar at the interbank foreign exchange

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Sinopec To Cut Saudi Crude Imports For May In Response To High OSPs

Asian oil traders have struggled to understand how Saudi Arabia derived its official selling prices (OSPs) for May after the world's top oil exporter unexpectedly raised the price for its flagship Arab Light crude sold to Asian refiners

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Oil Prices Rise On Hopes U.S. Trade Spat With China May Ease

Brent crude futures were at $69.04 per barrel at 0523 GMT, up 39 cents, or 0.6 percent, from their last close

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