No final decision taken on crude extraction by OPEC group

No final decision taken on crude extraction by OPEC group. Watch complete news story of Mandi Live and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

'We want food!', Venezuelans cry at protest near presidency

Despite the country having the world`s biggest oil reserves, Venezuelans are suffering severe shortages of consumer goods.

Oil slips as $50 level sparks new output fears

Oil slips as $50 level sparks new output fears

Oil markets fell around 1 percent on Friday, retreating from seven-month highs, as traders weighed the prospect of crude production intensifying because of prices near $50 a barrel despite supply outages in recent weeks that eased a global glut.

Brent oil pushes above $50 for first time in nearly seven months

Brent oil pushes above $50 for first time in nearly seven months

Brent had climbed 34 cents to $50.08 a barrel by 0520 GMT, its highest since Nov. 4. It ended the previous session up $1.13, or 2.3 percent.

Latest prices of diesel in major Indian cities

Latest prices of diesel in major Indian cities

Latest prices of diesel in major Indian cities

Rapidness in Crude , Gold and Silver

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Moody's cuts Saudi Arabia rating on oil slump

Saudi Arabia suffered another cut to its credit rating on Saturday as Moody's Investors Service downgraded the kingdom along with Bahrain and Oman because of the slump in oil prices.

Saudi Arabia will only freeze output if others do

Saudi Arabia will only freeze the level of its oil production if all other major producers, including Iran, do so, Bloomberg reported on Saturday, citing Saudi deputy crown prince Mohammed bin Salman.

Oil falls as dark clouds appear ahead of producer meeting

 Oil fell on Thursday as the International Energy Agency trimmed its forecast for demand growth and on signs that a producers` meeting this weekend will not yield a concrete plan to reduce oversupply.

Oil prices extend fall with no end in sight for glut

Oil prices were pulled down in early trading on Thursday as OPEC warned of slowing demand and major exporter Russia hinted that there would only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply.

OPEC cuts 2016 oil demand growth forecast, warns of more

OPEC cuts 2016 oil demand growth forecast, warns of more

OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.

Oil hits 2016 high above $43 on producer meeting hopes

Oil hits 2016 high above $43 on producer meeting hopes

Oil rose above $43 a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China.

India links $20 billion investment in Tehran to favourable terms

India links $20 billion investment in Tehran to favourable terms

Stepping up its energy ties with Iran, India has lined up USD 20 billion as investment in oil and gas as well as petrochemical and fertiliser projects in the Persian Gulf country subject to provision of concessional rights

Venezuela leader threatens to cut opposition legislature's term

Pro-government constitutional lawyer Hermann Escarra proposed that Maduro seek a constitutional amendment to reduce the assembly`s term from five years to 60 days.
 

Oil prices jump on expectation that producers will agree output freeze

International Brent futures rose 1.5 percent at $38.44 a barrel.
 

Oil falls as US crude stocks hit record for seventh week in a row

Oil falls as US crude stocks hit record for seventh week in a row

Oil futures fell in Asian trade on Thursday, with U.S. crude hitting the lowest level in more than two weeks, amid renewed worries of global oversupply after U.S. crude inventories rose to a record high.

Oil above $41 as OPEC predicts `moderate` rebound

Oil prices dipped slightly in Asia Tuesday but stayed above $41 a barrel as OPEC raised hopes of a moderate rebound from a meeting of key producers in Qatar in April.

Oil rises as producers announce meeting on output freeze

Oil prices firmed on Wednesday on an announcement that producers will meet next month in Qatar to discuss a proposal to freeze output and on growing signs of a decline in US crude production

Oil losses deepen on doubts over output freeze deal

World oil prices fell further today on doubts over a consensus between producer nations to limit output in an oversupplied market, dealers said.

OPEC output falls despite Iran return more crude

OPEC said Monday its oil production fell in February despite member Iran steadily increasing its output after international sanctions were lifted in January following a landmark nuclear deal.