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Latest Articles in oil

ONGC December Quarter Net Falls 64% On Low Crude Price

The company posted a standalone net profit of Rs 1,286 crore for the three months ended December 31, compared with Rs 3,571 crore in the year-ago quarter

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India Seeks UAE Investment In Energy Sector

India is eager for foreign capital and technology to develop its economy while the UAE, among the richest of the Gulf Arab energy exporters, wants to use overseas investment to diversify its asset base

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Nearly $8 Trillion Wiped Off World Stocks In January, US Recession Chances Rising: BofA-ML

The bank's US economists has said that the likelihood of the world's largest economy entering a recession in the coming year has risen to 20 per cent from 15 per cent

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India Eyes Africa's Vast Resources To Meet Rising Energy Demand

India, the world's third biggest oil importer, has stepped up oil imports from Africa in 2015 and New Delhi wants to boost shipments from the region

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Sensex Surges 473 Points To Recover From 20-month Low

Equities staged a sharp pullback rally on Friday to recover from 20-month low as the Sensex surged over 473 points to 24,435.66, tracking gains in global markets on hopes of a fresh stimulus from the euro zone and rebound in oil prices

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Why Oil’s Fall Is No One’s Gain

In the shaky global environment, oil’s fall so far is not really benefiting the Indian consumer nor the investor

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Sensex Ends Below 24,000 For First Time In 20 Months

The Sensex on Thursday sank further to crack below the 24,000-mark after over 20 months by shedding 100 points to 23,962.21, bogged down by persistent selling in Asian shares, following fresh dip in oil prices

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Arvind Panagariya Opposes 'Tinkering' With Fiscal Deficit Targets

Prime Minister Narendra Modi's top economic adviser Arvind Panagariya says a windfall from cheap oil would help the government keep its spending promises

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Oil Hits 11-year Low, Saudi-Iran Row Cuts Chances Of Output Restraint

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely

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Sensex Ignores Fed Concerns To Rise For 2nd Day; Oil Stocks Up

Firm buying in late afternoon helped Indian shares to record gains for a second straight session today as domestic investors shrugged off a widely anticipated US rate hike while defensive buying in oil counters offset selling in banking stocks

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Oil Down In Light Volume; Cautious Week Expected Before OPEC

Oil settled lower in light post-holiday volume in New York on Friday as the dollar's rally to an eight-month high and a tumble in Chinese equities added pressure to oversupplied crude futures

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