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Oil dives 2%, heads for weekly loss as US rigs rise

Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows.

Hike in crude prices after decline of US stocks

Hike in crude prices after the decline of US stocks. Watch this special segment and get to know more here.

Saudi prince unveils sweeping plans to end "addiction" to oil

The powerful young prince overseeing Saudi Arabia`s economy unveiled ambitious plans on Monday aimed at ending the kingdom`s "addiction" to oil and transforming it into a global investment power.

Asia's oil markets in upheaval as China, India change the game

Asia`s oil markets are being upended as India`s and China`s refiners overtake once-dominant buyers like Japan and challenge the United States as the world`s biggest consumer.

Oil slumps again; US crude at 2003 low

Without any particular market-moving news but a persistent global crude oil glut, the oil market slid again Thursday, dragging US crude to its lowest price in nearly 13 years.

Oil falls on China data, fading prospect of OPEC action

Oil fell on Monday as weak economic data from China, the world`s largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline.

Excise duty hiked on petrol by Re 1 per litre, on diesel by Rs 1.5

Excise duty hiked on petrol by Re 1 per litre, on diesel by Rs 1.5

The increase in excise duty will fetch the government over Rs 3,200 crore during the remainder period of the fiscal.

Gold jumps to 12-week high as equities and oil tumble

Gold jumps to 12-week high as equities and oil tumble

Gold rallied to its highest in nearly 12 weeks on Tuesday as a fresh rout in world stocks and a slide in oil prices battered appetite for risk, sending investors fleeing to alternative assets.

HSBC revises 2016 crude price down again, sees at $45 a barrel

HSBC revises 2016 crude price down again, sees at $45 a barrel

Even as many of its peers are betting crude as low as USD 10-20, British brokerage major HSBC sounded a tad optimistic but has pegged down the average Brent crude prices at USD 45 a barrel for 2016 from USD 60.

Falling oil price: boon for some, bust for others

Falling oil price: boon for some, bust for others

The plunge in oil prices is proving a boon for consumers and airlines, but is a bust for energy companies and producing nations, while complicating the jobs of central bankers worried about deflation.

Oil prices fall near 2003 lows on oversupply, demand worries

Oil prices fall near 2003 lows on oversupply, demand worries

Oil fell on Thursday, dipping back towards 12-year lows on persistent concerns about a supply overhang and the outlook for demand.

Oil dives to fresh 12-year low under $27

Oil dives to fresh 12-year low under $27

Oil plunged to fresh 12-year lows under US$27 on Wednesday (Jan 20), slammed by gloomy economic forecasts, China's slowdown and abundant crude supplies.

Oil plummets to $29 per barrel, dragging world stocks lower

Oil plummets to $29 per barrel, dragging world stocks lower

Oil prices plummeted to $29 a barrel on Friday on the impending resumption of Iranian oil exports into an already flooded market as international sanctions against the country are lifted, dragging equity indexes around the world sharply lower.

Asia shares hit 3-1/2-year lows as oil resumes fall

Asia shares hit 3-1/2-year lows as oil resumes fall

Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on edge.

Oil cheaper than water but why is petrol sold at Rs 60 per litre? Find our here

Oil cheaper than water but why is petrol sold at Rs 60 per litre? Find our here

It is well-known that bottled water is being sold at Rs 15 - 20 in the country. The crude oil that reached India on January 7 cost Rs 12.6 per litre.

Oil down again to 12-year low; $30 handle looks more likely

Brent settled down 48 cents at $33.75, after sliding to a low of $32.16, a level last seen in April 2004.

Oil extends losses, nears $33 a barrel

Oil extends losses, nears $33 a barrel

Oil prices plunged close to $33 a barrel on Thursday as crude extended losses on rising US energy stockpiles and China's weakening currency.

Crude Sees An All Time Low

Crude Sees An All Time Low

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Oil prices subdued in Asia

Oil prices subdued in Asia

Oil prices remained weak in Asia on Tuesday on tepid economic data from Japan and indications that major crude exporter Saudi Arabia's 2016 budget is based on prices staying low. 

Crude oil outlook for 2016

Crude oil outlook for 2016

Crude oil outlook for 2016