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Thursday, May 31, 2012

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Oil price

Obama`s approval rating dips with rising gas prices

The approval rating of US President Barack Obama has dropped significantly with the increase in gaso...

Iran says oil could reach $120 to $150 per barrel

The EU announced an embargo on Iranian oil last week to pressure Tehran on its controversial nuclea...

‘UPA`s oil price hike justification misleading’

Senior BJP leader Rajnath Singh accused the UPA of misleading public by justifying hike of petroleum...

Oil price hike: Left parties protest in Punjab

Left parties Monday staged demonstrations at their district headquarters across Punjab protesting h...

IOC may raise petrol prices soon

State-owned Indian Oil Corp, the nation`s largest oil firm, on Monday hinted at an imminent hike in ...

Pak hikes oil prices, fueling anger

Several lawmakers walked out of the National Assembly.

Amid Egypt crisis, India worries over oil bill

India`s oil import bill will be a matter of concern if oil prices shoot up further, Finance Minister...

Iran budgets for $60 price for crude oil

Iran planned next year`s budget based on an oil price of $60 per barrel, nearly double the price fro...

Deora meets PM on fuel prices, no decision taken

Petroleum Minister Murli Deora met Prime Minister Manmohan Singh on Wednesday evening to discuss rai...

Oil prices bounces above 83 dollars

The price of oil briefly struck a 15-month high close to USD 84 on Tuesday in the wake of positive C...

Oil prices rise before OPEC meet

Oil prices rose today as OPEC`s crude-producing nations signalled that they would decide against mak...

Oil prices up in Asian trade as regional demand picks up

Oil prices rose in Asian trade on Tuesday as traders were heartened by renewed demand for energy in ...

Oil prices up in Asian trade

Oil prices rose in Asian trade today as traders capitalised on a weakening US dollar, analysts said.

Oil below $76 as OPEC ministers flag steady output

Oil prices hovered below USD 76 a barrel on Monday in Asia after several OPEC ministers said they do...

Oil prices perfect, inventories dropping: Saudi

Saudi Oil Minister Ali al-Naimi said on Saturday that the price of oil is "perfect" and that crude i...

Oil prices dip as inventories stay high

Oil prices dropped on Friday and were likely to stay under USD 80 because of high energy inventorie...

Oil falls in Asia after overnight gains

Oil fell slightly in Asian trade on Tuesday after overnight gains spurred by a weak dollar and hopes...

Oil rises above $78 on US hurricane, weaker dollar

Oil prices broke above USD78 a barrel on Monday in Asia as Hurricane Ida threatened oil installation...

Oil trades below USD79 as US dollar strengthens

Oil prices fell to below USD79 a barrel on Friday as the strengthening US dollar outweighed news tha...

Shell profit down 73%, hit by falling oil prices

Royal Dutch Shell Plc (RDSa.L) said third quarter net profits fell 73 percent, hit by falling oil an...

Govt not to hike oil prices despite surge in global rates

The government is not considering revising petrol and diesel prices despite a sharp rise in oil rate...

Oil rises above USD 78, extends week-long rally

Oil prices continued a weeklong rally on Friday in Asia, jumping above USD 78 a barrel, after US g...

Oil weakens in Asian trade on profit-taking

Oil fell in Asian trade on Tuesday on profit-taking after overnight gains driven by hopes for improv...

Oil prices fall to near $71

Oil prices fell to near USD 71 a barrel on Friday in Asia, giving up part of the previous day`s big ...

Oil hangs near $70 in Asia after big tumble

Oil prices wallowed near USD 70 a barrel on Tuesday in Asia after falling steeply overnight amid new...

Oil falls below $72 in Asia amid weak demand

Oil prices fell below USD 72 a barrel Monday in Asia as high crude stockpiles and weak demand temper...

Oil holds above $72 on signs US economy improving

Oil prices held above USD 72 a barrel on Thursday in Asia amid signs the US economy, the world`s lar...

Oil drops below USD 69 as dollar gains, stocks slide

Oil prices dropped below USD69 a barrel on Monday in Asia amid a stronger US dollar and a slide in r...

Oil prices fall amid strong supplies

Oil prices fell on today as traders banked profits following a week in which crude futures have won ...

Oil hovers near $68 ahead of US jobs report

Oil prices hovered near USD68 a barrel on Friday in Asia as investors looked to a U.S. unemployment ...

Oil rebounds in Asia after overnight declines

Oil rebounded modestly in Asian trade on Tuesday after overnight declines on new worries about the g...

Oil eases in Asia ahead of key US economic data

Oil fell in Asian trade on Monday as investors awaited more data due out this week that they hope wi...

Iraq budget panel sees 2010 oil price at $60 per barrel

A committee reviewing Iraq`s budget proposals for 2010 has recommended spending plans be based on av...

Link domestic oil prices with international market: RBI

Pitching for linking domestic oil prices with the international market, the Reserve Bank on Tuesday...

Surprised by OilMin`s speed in defending RIL costs: ADAG

Anil Ambani group on Thursday said it was surprised at the haste shown by Oil Ministry in defending ...

Oil under $74 as Asia shares fall on recovery doubts

Oil fell below USD 74 a barrel on Tuesday, down for the first time in six days on softer Asian share...

Oil rises in Asian trade on economic recovery hopes

Oil prices rose in Asian trade today, bolstered by improved investor sentiment amid widespread hop...

Oil climbs to new 2009 high

Oil prices jumped today to a new high for the year after Federal Reserve Chairman Ben Bernanke said ...

Oil rises above $67 amid mixed economic signals

Oil prices rose above USD 67 a barrel Tuesday in Asia as investors looked for clues on the strength ...

Oil prices slide further in Asian trade

Crude prices slid further in Asian trade on Monday as markets reacted to falling consumer confiden...

Oil rises slightly to near $71 despite weak demand

Oil prices rose slightly to near USD 71 on Friday in Asia as investors brushed off bad US economic n...

Oil prices jump on economic recovery

Oil prices rallied on Thursday on increased signs of economic recovery in the United States and Eu...

Oil eases but holds above $70

Oil was down in Asian trade on Monday after the dollar strengthened on the back of better-than-expec...

Oil retreats in Asia, New York crude holds above $71

Oil pulled back in Asia on Friday as regional stock markets eased and investors awaited a US report ...

Oil retreats in Asian trade

Oil retreated modestly in Asian trade on Thursday after overnight gains that were fuelled by the wea...

Oil slips to near $71 amid mixed US economic news

Oil prices slipped to near $71 a barrel Wednesday in Asia as mixed economic news from the US stalled...

Oil pauses after rally, supply build up seen

Oil edged back on Wednesday from the previous day`s 3 percent gains, as worries about a rise in US c...

IEA official warns of shrinking oil supplies: Report

A disastrous energy crunch is looming because most of the major oil fields in the world have passed ...

Oil falls below USD 67 on US consumer confidence drop

Oil prices fell below USD 67 a barrel on Wednesday in Asia as a drop in US consumer confidence and r...

Oil Major BP ups cost cut target as profits dive

Oil giant BP Plc said it had increased its cost reduction targets for 2009 by 50 percent to USD 3 bi...

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