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Brent crude oil News
Brent crude oil
Oil climbs, shaking off Donald Trump calls for OPEC to offset Iran sanctions
Mon, Apr 29, 2019
Oil output in OPEC member Libya has been repeatedly disrupted by factional conflict and blockades since the 2011 uprising that toppled veteran dictator Muammar Gaddafi.
Poland, Germany suspend Russian oil imports on quality concerns
Thu, Apr 25, 2019
Poland and Germany have suspended imports of Russian oil via a major pipeline, citing poor quality and triggering a rare crisis over supply from Russia.
OPEC supply cut on US sanctions against member nations fuel oil prices to five-month high
Mon, Apr 08, 2019
Brent and WTI both hit their highest levels since November last year at $70.76 and $63.48 per barrel respectively, early on Monday.
India overhauls oil and gas exploration rules to lift output
Thu, Feb 21, 2019
India on Thursday revamped rules for future exploration and production of oil and gas blocks in its efforts to attract private investment and increase domestic production.
India launches third round of oil and gas blocks for exploration
Sun, Feb 10, 2019
Twenty three blocks covering an area of 32,000 square kilometers were offered for bidding, out of which 5 are for extraction of coal bed methane.
IMF's Christine Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'
Sat, Feb 09, 2019
Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on "white elephant projects".
Petrol, diesel price hiked again: Check rates in Delhi, Mumbai, other major cities
Mon, Jan 07, 2019
Oil marketing companies (OMCs) hiked fuel rates on Monday, after constant correction since last two weeks. The prices of petrol after revision, in Delhi is Rs 68.50, up by 21 paise per litre. While for diesel, it would cost Rs 62.24 per litre after an increase of 8 paise per litre.
Oil rises on trade talks and supply cuts, but economic slowdown looms
Mon, Jan 07, 2019
U.S. West Texas Intermediate (WTI) crude oil futures were at $48.65 per barrel, up 69 cents, or 1.4 percent .
Christmas gift for commuters! Petrol prices slashed by 21 paise, diesel down by 19 paise
Mon, Dec 24, 2018
The petrol is selling down by Rs 14 to Rs 16 per litre in metro cities of India as compared to the prices in October 2018. The highest price petrol touched in Delhi was Rs 84 per litre and diesel sold at Rs 75.45 per litre in October this year.
US Fed's rate hike aftermath! Sensex, Nifty in red; Should Indian markets and rupee worry?
Thu, Dec 20, 2018
Investors continued to have bearish sentiments regarding Indian benchmark indices Sensex and Nifty, which have lost more than 280 points and 50 points respectively in today’s trading session.
Wow! Rupee makes highest one-day gains since 2013; is the worst over?
Thu, Dec 20, 2018
Indian currency made a massive 1-day gain, which was not seen since 2013? Between September 2013 to December 18, the currency rose by Rs 1.12 against the dollar closing at 70.44 on Tuesday.
Rupee plunges 110 paise to 72.42 per US dollar in early trade
Tue, Dec 11, 2018
At the Interbank Foreign Exchange, the rupee opened weak at 72.42, showing a sharp plunge of 110 paise over its previous closing price.
Exit polls hit Sensex, index crashes 560 pts, Nifty 173 pts; you lost money in these stocks today
Mon, Dec 10, 2018
Top losers on BSE Sensex are Adani Ports trading at Rs 361.05 low by 3.40%
Oil prices slide on swelling US supply, global market slump
Wed, Dec 05, 2018
Oil prices fell 1 percent on Wednesday, weighed down by swelling U.S. inventories and a plunge in global stock markets amid concerns over an economic slowdown.
Sensex opens in red, Rupee stands at 70.51 vs $, Brent crude up by 40%
Tue, Dec 04, 2018
Top stocks on BSE Sensex were Yes Bank trading at Rs 181.50 up by 1.97%, ONGC at Rs 144.85 up by 1.58%, Hero Moto Corp at Rs 3088.15 up by 1.46%, Tata Motors at Rs 177.65 up by 1.28% and Sun Pharma at Rs 460.50 up by 1.09% at around 09:35 hours.
Oil prices shot up as US, China suspend trade hostilities
Mon, Dec 03, 2018
Oil prices shot higher on Monday after the United States and China agreed a 90-day truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut. U.S.
Oil loses steam as supply concerns add to negative economic outlook
Tue, Nov 20, 2018
Brent crude oil futures, the international benchmark for oil prices, were at $66.55 a barrel at 0313 GMT, down 24 cents, or 0.4 percent from their last close.
Oil stable amid expectations OPEC will cut supply to prevent glut forming
Tue, Nov 20, 2018
The Organisation of the Petroleum Exporting Countries (OPEC), de facto led by Saudi Arabia, is pushing for the producer cartel and its allies to cut 1 million to 1.4 million barrels per day (bpd) of supply to adjust for a slowdown in demand growth and prevent oversupply.
Oil jumps towards $67 as OPEC, partners discuss proposal to cut output
Wed, Nov 14, 2018
Crude rallied after three sources familiar with the issue said OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels per day (bpd), a larger figure than officials have mentioned previously International benchmark Brent crude rose $1.18 a barrel to $66.65 as of 0955 GMT, having fallen as low as $65.02 earlier. U.S. crude was up 60 cents at $56.29.
Oil drops as U.S. considers granting some waivers on Iran crude sanctions
Mon, Oct 08, 2018
Brent crude oil prices fell more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran`s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran.