Tue, May 10, 2022
Oil prices tumbling more than 1% on Tuesday, extending the previous day`s steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand
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Tue, Nov 06, 2018
Oil prices slipped on Tuesday as concerns that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran. U.S. West Texas Intermediate (WTI) crude futures were at $62.93 a barrel at 0131 GMT, down 17 cents, or 0.3 percent, from their last settlement.
Thu, Jun 14, 2018
Production cuts by OPEC have led to international oil prices hitting a four year high last month that forced a Rs 3.8 per litre hike in petrol and Rs 3.38 a litre increase in diesel prices. Rates started to cool towards month end and retail prices have been cut thereafter.
Mon, May 23, 2016
In a further sign of abundant supply, the number of rigs operated by US drillers was steady last week for the first time this year.
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