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Crude Oil prices News
Crude Oil prices
Oil slips back towards 18-month lows on oversupply
Thu, Dec 27, 2018
Oil prices fell more than 1 percent on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support.
Oil prices edge up to $50 after steep slide
Wed, Dec 26, 2018
Oil prices have edged up to $50 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an Opec-led effort to tighten supply. Watch video:
Oil hits multi-month lows as downbeat mood persists
Fri, Dec 21, 2018
Oil prices fell to their lowest since the third quarter of 2017 on Friday, heading for losses of more than 10 percent in a week, as global oversupply kept buyers away from the market ahead of the long festive break.
Expect G-sec yields to continue to display two-way volatility
Mon, Nov 19, 2018
The yield on the 10-year government security (G-sec; 7.17 GS2028) hardened considerably in Q2 FY2019 and peaked at 8.18% on September 11, before cooling off to around 7.7-7.8% in mid-November 2018.
Petrol price cut by Rs 2, diesel by Re 1 in last 8 days
Fri, Oct 26, 2018
Petrol price has been cut by nearly Rs 2 per litre and diesel by Re 1 a litre in the last eight days on the back of softer international rates, an official statement said Friday.
From Income Tax Return deadline, Arun Jaitley, Sensex, rupee to Flipkart hiring, check out latest business news
Tue, Oct 09, 2018
Amid rising oil prices and depreciation of Indian rupee affecting Indian economy, Finance Minister Arun Jaitley has met RBI Deputy Governor BP Kanungo to discuss RBI's data localisation norm for global financial technology companies, while Oil Minister Dharmendra Pradhan has stated that there was
RBI walks the talk! Chooses CPI over weak rupee; is 75-mark soon-to-be reality? The case for domestic currency
Mon, Oct 08, 2018
Today, the rupee finished at 74.040 down by 0.065 or 0.09% against US dollar. However, in early hours of trading, the Indian rupee touched an all-time low of 74.165.
Oil prices mark weekly gain ahead of Iran sanctions
Sat, Oct 06, 2018
Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports.
Are you getting petrol, diesel priced lower by Rs 5 now? Check full list of states where fuel rates have been cut
Fri, Oct 05, 2018
Apart from crude oil prices, it was VAT and excise duty which made it very difficult for OMCs to trim petrol, diesel prices.
Oil prices rise ahead of November US sanctions against Iran crude exports
Fri, Oct 05, 2018
On Friday, Oil prices rose lifted by looming U.S. sanctions against Iran`s crude exports that are set to start next month.
Oil prices dip on rising U.S. supply, but Iran sanctions still loom
Wed, Oct 03, 2018
Oil prices dipped on Wednesday, weighed down by a report of rising U.S. crude inventories and an expected increase in production.
Petrol, diesel prices cut: Rajasthan CM slashes VAT to give relief to consumers
Mon, Sep 10, 2018
Rajasthan Chief Minister Vasundhara Raje announced a four-per cent reduction in value-added tax (VAT) on petrol and diesel on Sunday, which will reduce their prices by Rs 2.5 per litre in the state.
Oil prices rise as U.S. sanctions on Iran cloud supply outlook
Fri, Aug 24, 2018
Traders said the supply versus demand outlook for oil markets was relatively tight because of the looming U.S. sanctions against Iran, which will target oil exports from November.
Withdrawal pains over? FPIs pour in Rs 2,300 crore in Indian markets
Mon, Aug 06, 2018
Foreign portfolio investors (FPI) poured in over Rs 2,300 crore in the Indian capital markets in July, after pulling out funds for three months in a row, largely due to expectations of a lower trade deficit following a correction in crude oil prices.
Brent prices trade below $77; US, Russia supplies weigh
Mon, Jun 11, 2018
Brent crude futures, the international benchmark for oil prices, were at $76.50 per barrel at 0215 GMT, up 4 cents from their last close. But US West Texas Intermediate (WTI) crude futures CLc1 were down 8 cents at $65.66 a barrel.
Oil prices hit multi-week lows; Brent crude hovering around $75
Tue, May 29, 2018
The Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia began withholding 1.8 million barrels per day (bpd) of supplies in 2017 to tighten the market and prop up prices that in 2016 fell to their lowest in more than a decade at less than $30 a barrel.
Global oil prices fall as top three producers look to boost supplies
Mon, May 28, 2018
The Organization of the Petroleum Exporting Countries (OPEC), as well as top producer but non-OPEC member Russia, started withholding supplies in 2017 to tighten the market and prop up prices, which in 2016 fell to a more than a decade low of under $30 per barrel.
Brent crude nears $80: From Airlines, auto to IT, how India will be affected
Tue, May 22, 2018
On Tuesday, Brent crude, the global benchmark, rose 54 cents to $79.76 a barrel by 1221 GMT. Last week, it topped $80 for the first time since November 2014.
Brent crude near $79 per barrel: Here’s how higher global oil prices will impact India
Mon, May 21, 2018
Such consistent rise crude oil is not a good sign for India, as nearly 86% of it’s import depends upon crude.
Karnataka Elections 2018: BJP fails to get full majority, petrol, diesel prices, rupee set to feel the pain
Tue, May 15, 2018
Notably, state-owned oil companies like HPCL, BPCL and IOCL stopped revising petrol and diesel prices since April 24 as political parties launched their campaigns in the Karnataka election.