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Oil Price News
Asia stocks at 1-week highs on U.S. gains; oil up
Tue, Nov 22, 2016
Asian stocks struck one-week highs with investors undeterred by a powerful earthquake in Japan on Tuesday, but after Wall Street closed at a record peak they were also wary of chasing prices higher until President-elect Donald Trump picks his economic team.
Oil may rise to $55 if all producers cooperate - Iran
Sat, Nov 19, 2016
"We are receiving positive signals that increase the likelihood of agreement at the meeting ... and I`m optimistic about the situation," Zanganeh told state television by telephone, after meeting OPEC Secretary-General Mohammed Barkindo in Tehran ahead of the Nov. 30 meeting.
Oil prices fall on rise in U.S. drilling, strong dollar
Mon, Oct 17, 2016
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand.
Oil edges up on record Indian imports, hopes of producer cut
Wed, Oct 12, 2016
India`s oil imports rose 4.4% in September from the previous month to a record high 4.47 million barrels per day (bpd) as the country expanded its refining capacity to meet growing fuel demand in an expanding economy, shipping data showed.
Asian stocks slip as Deutsche Bank drags Wall Street
Fri, Sep 30, 2016
Japan`s Nikkei retreated 1.5% after sluggish consumption data.
Asian shares, bonds skid by US Fed Reserve risks
Mon, Sep 12, 2016
Shanghai followed with a fall of 1.5%, while Australian stocks sank 2%.
Oil prices dip on stronger dollar; rise in U.S. crude stocks data
Wed, Aug 31, 2016
Crude oil futures fell in early trade on Wednesday as the U.S. dollar held around three-week highs and industry stocks data indicated a build in U.S. crude inventories.
Oil prices fall over 1%, on strong dollar, Iraq output
Tue, Aug 30, 2016
Oil prices settled down more than 1 percent on Monday, snapping two consecutive days of gains, on renewed concerns about an oil glut, a stronger dollar and expectations that Nigerian rebels will stop hampering that country`s crude output.
Petrol Price Cut: Are you paying less than global Indian crude basket price?
Tue, Aug 16, 2016
With a Re 1 for petrol and Rs 2 cut for diesel on August 15, 2016, Oil Marketing Companies (OMCs) in India have brought down petrol prices four times in the past two months.
Oil falls on oversupply as calls for producer talks draw scepticism
Wed, Aug 10, 2016
"Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors," ANZ Bank said.