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US oil hits 2016-high on hopes for output freeze

"Global fundamentals are little changed and oil has instead been lifted by higher risk-appetite," BNP Paribas said in a note.

 

 

Boost to Indian economy from falling oil prices 'fading': DBS

Boost to Indian economy from falling oil prices 'fading': DBS

The benefits to the Indian economy from fall in crude oil prices will be "limited" this year and domestic reforms and developments will gain focus, a report said.

Petrol, diesel prices cut, but no benefit to consumers

The price for petrol and diesel is cut down again but the question that arise is where is the consumer benefit it in all. Zee News brings you an exclusive report. Take a look.

Oil prices rebound after falling below $30 per barrel

Oil prices rebound after falling below $30 per barrel

Oil prices rebounded in Asia Wednesday, halting a plunge that saw crude fall below $30 a barrel for the first time in more than 12 years, but analysts warned of further pressure on the commodity.

Finance Ministry to assume oil price at below $50 in Budget 2016

Finance Ministry to assume oil price at below $50 in Budget 2016

The Finance Ministry likely to peg the notional value of crude oil price below USD 50 a barrel while computing the subsidy numbers and fiscal deficit in the Budget 2016-17.

Oil prices dip, erasing earlier gains; down 10 percent on week

Futures of global benchmark Brent and U.S. West Texas Intermediate (WTI) crude turned direction after trading steady earlier on the strength of stocks on Wall Street. 

Know the impact of stopping LPG subsidy to high-income group

Know the impact of stopping LPG subsidy to high-income group

The impact on the household budget could be limited to Rs 100-125 per month at the current level of global crude oil and LPG prices.

 

Why Indian petrol prices are high despite lower crude prices?

Three years after deregulation, petrol prices still seem to be in the control of the government. Last week, this paper pointed out that the fall in prices of petrol and diesel is less than that of the Indian crude basket.

DNA: With crude oil price at it lowest, no change in petrol and diesel prices

Four years after deregulation, petrol prices still seem to be in the control of the government. Last week, this paper pointed out that the fall in prices of petrol and diesel is less than that of the Indian crude basket.

Why Indian petrol prices are so high despite lower crude prices? Part-2

Three years after deregulation, petrol prices still seem to be in the control of the government. Last week, this paper pointed out that the fall in prices of petrol and diesel is less than that of the Indian crude basket.

Why Indian petrol prices are high despite lower crude prices? Part 1

Three years after deregulation, petrol prices still seem to be in the control of the government. Last week, this paper pointed out that the fall in prices of petrol and diesel is less than that of the Indian crude basket.

Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm

Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm

Brent`s session low was $37.36 - barely a dollar above the$36.20 hit during the financial crisis. If it falls through that, it will go to June 2004 lows, when it traded at around $34 a barrel.

 

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.