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Latest Articles in crude oil

Oil Hits 2016 High Above $43 On Producer Meeting Hopes

Many members of OPEC plus outside producers such as Russia are meeting Doha, Qatar, on Sunday to discuss freezing output

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Oil Prices Fall On Dimming Prospect Of Output Restraint

Front month US crude futures were at $36.36 per barrel at 0520 GMT, down 1.17 per cent or 43 cents from their last settlement. Brent crude was down 1 per cent or 40 cents at $38.27 a barrel

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Indonesia's Pertamina Looks To India To Process Iraqi Crude

'Why India? Because its geographic location is good,' says Pertamina CEO. Any crude shipments from Iraq would pass several Indian oil ports on the way to Indonesia

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India, Middle East Countries In Talks On Oil-for-food Scheme

India is in talks with countries in the Middle East for a scheme under which they can exchange crude oil for food.

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Budget 2016 | Govt Proposes Tax Relief To Foreign Firms For Local Oil Sales

India on Monday proposed to give income tax exemption to foreign companies for storing and selling oil to local refiners, a move that could spur interest from global oil producers in leasing the country's strategic petroleum reserve facilities.

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Asia Shares Gain As Crude Oil Bounce Boosts Risk Assets

Asian stocks rose across the board on Thursday as crude oil extended gains on hopes that big producers will cap output, improving investor sentiment for riskier assets.

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Oil Slides To Lowest Since 2003 As Iran Sanctions Are Lifted

The oil price rout is also hurting stock markets, with Asian shares set to slide to near their 2011 troughs on Monday, stoking further worries about a global economic downturn

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Oil Plummets To $29 Per Barrel, Dragging World Stocks Lower

Major stock indices in Europe and on Wall Street closed down more than 2 per cent, while global crude oil benchmark Brent slumped more than 6 per cent to settle below $29 a barrel, capping a 13 per cent decline for the week

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Sensex Plummets 318 Points T0 19-month Low On Global Worries

The Sensex plunged by 317.93 points on Friday to hit a fresh 19-month low of 24,455.04 as muted earnings by some blue-chips and oil prices that fell below $30 a barrel combined to pull down the domestic equities for a second straight week

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Crude Sinks 4% As Market Braces For More Iranian Oil

Iran's oil exports were already on target to hit a nine-month high in January, with 1.10 million barrels a day of crude, excluding condensate, to load.

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Global E&P Spending May Drop 15% In 2016, Says Barclays

International spending could fall 11 per cent in 2016, with the Middle East still the lone source of strength as spending there is expected to rise 6 per cent: Barclays

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ONGC To Cut Operational Cost As Crude Slumps To 12-yr Low

There will be no cut in capital expenditure in oil and gas projects as such investment will help the company sustain or increase output, company says.

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Govt May Further Hike Excise On Petrol, Diesel Before March

The government is looking at one more hike in excise duty on petrol and diesel before March with a view to raising more revenue and stick to the fiscal deficit target of 3.9 per cent of the GDP

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Analysts See 2016 Oil Price Rise, While Traders Bet On Fall

A year ago, after oil prices had halved in six months, analysts were forecasting a price recovery in 2015 while many traders were busy shorting the market.

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Crude Oil Futures Down 0.44%, Hurt By Weak Global Cues

Crude oil futures fell 0.44 per cent to Rs 2,517 per barrel today, in line with a weak trend in Asian trade, as speculators cut down their bets.

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