Oil prices climbs as Turkey shoots down Russian jet

Global oil prices rose today after Turkey shot down a Russian jet on the Syria border, sparking fresh tensions in the crude-rich Middle East, dealers said.

Arun Jaitley says it helps Indian economy, as oil falls below $40
Arun Jaitley says it helps Indian economy, as oil falls below $40

"It has enabled us to absorb the loss that our own oil companies were facing because of future purchases. It has also kept inflation under control, which, in turn, has helped the Reserve Bank to ease up the rates," Jaitley told reporters.

International Energy Agency sees low oil prices until 2020

Oil prices have bottomed out, are down more than 50 percent since the middle of last year.

'Markets may remain volatile; Bihar exit polls eyed'
'Markets may remain volatile; Bihar exit polls eyed'

 Stock markets may see choppy trading this week and a slew of important quarterly earnings from Cipla, Tata Steel, SBI, ONGC and Tata Motors are likely to drive the sentiment, say experts.

Oil prices could rise from mid-2016 on falling supply: IEA

At a time of uncertainty created by the precipitous fall in oil prices and oversupply, the International Energy Agency (IEA) said on Monday that prices could go up from mid-2016 with supplies tightening due to a drop in investment and falling US output.

World Bank revises down forecast of oil prices to $52 for 2015
World Bank revises down forecast of oil prices to $52 for 2015

The World Bank Tuesday lowered its 2015 forecast for crude oil prices from USD 57 per barrel in its July report to USD 52 per barrel, a development that could bring in additional savings to the Indian treasury.

Oil prices rally on reported Russian moves

US benchmark West Texas Intermediate for delivery in November won USD 1.11 to USD 46.65 a barrel compared with Friday's close.

Oil price near 6.5-year low as China economy fears linger

Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.

Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years

US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.

Five key reasons behind falling oil prices

Here are the 5 key reasons of oil price decline.

Petrol price cut by Rs 1.27/litre, diesel by Rs 1.17

Petrol price was cut by Rs 1.27 per litre and diesel by Rs 1.17 a litre, with effect from midnight tonight.

Crude oil sinks again amid global supply glut

Crude oil prices fell again Friday as the main US futures contract concluded its sixth straight week of losses, in a market awash with worry about the global oversupply.

Jet Airways shares surge 19%; top gainer on BSE

Shares of Jet Airways were in huge demand Wednesday, soaring nearly 19 percent, in line with other airline stocks after crude oil prices in the international market dip to over 6-month lows.

Oil hits four-month low on China stocks tumble, supply worries

Crude oil futures hit four-month lows on Monday after a steep drop in China`s stock markets spread concerns about the economic health of the world`s biggest energy consumer, amid evidence of a growing crude glut.

World Bank raises forecast for 2015 global crude prices

The World Bank is nudging up its 2015 forecast for crude oil prices from $53 in April to $57 per barrel after oil prices rose 17 percent in the April to June quarter.

Govt to soon announce interest subvention scheme for exporters

Concerned over a continuous decline in exports, the government on Friday said it will soon announce an interest subsidy scheme for exporters.

India asks OPEC to stop charging premium from Asian buyers
India asks OPEC to stop charging premium from Asian buyers

Reiterating New Delhi's decade-old demand, Oil Minister Dharmendra Pradhan said the OPEC is not justified in asking Asian buyers to pay more so that transportation cost to distant consumers particularly in the West can be subsidised.

Oil market `comfortable` with violence risk: Saudi

Recent unrest in the Middle East and North Africa has little impact on oil prices because the market has become "comfortable" with risk, Saudi Arabia`s Oil Minister said Wednesday.

Future rate cuts depend on monsoon, crude prices: Rajan

Reserve Bank Governor Raghuram Rajan Tuesday said the future trajectory of the monetary policy will depend on monsoon, the way the government manages shocks, if any, emanating from it and crude prices.

South Korea inflation at 0.5%, deflation fears persist

South Korea`s inflation rate remained way below the central bank`s target range in May as low crude oil prices depressed consumer price gains, government data showed Tuesday.