Last Updated: Tuesday, December 10, 2013, 13:28
Brent crude rose toward $110 a barrel on Tuesday, recouping some of the previous session`s sharp losses, as data from China reaffirmed signs of stabilising growth and fuel demand in the world`s second-largest oil consumer.
Last Updated: Monday, December 09, 2013, 11:15
Singapore's United Overseas Bank said in a research note that prices were supported "by the outlook for increased demand after strong jobs data from the US, the world's top oil consumer".
Last Updated: Saturday, December 07, 2013, 13:27
New York`s main contract, West Texas Intermediate (WTI) crude for delivery in January, added 27 cents to close at USD 97.65 a barrel.
Last Updated: Wednesday, December 04, 2013, 22:43
India will become the largest single source of global oil demand growth after 2020, the International Energy Agency said Wednesday.
Last Updated: Wednesday, December 04, 2013, 21:37
Keen to sell more crude oil to India, Iran's Industry Minister Mohammad Reza Nematzadeh Wednesday sought resolution of payment issues to promote trade between the two nations.
Last Updated: Wednesday, December 04, 2013, 13:13
Crude oil futures prices rose by 1.20 percent to Rs 6,086 per barrel Wednesday as speculators created fresh positions amid a firm trend in Asia.
Last Updated: Tuesday, December 03, 2013, 11:16
The fight for the trillion-dollar Asian oil market has ended decades of comfortable dominance for Middle East producers, who faced so little competition that refiners in Asia complained of being charged a premium of a dollar or so per barrel above what buyers in Europe or the Americas paid.
Last Updated: Tuesday, December 03, 2013, 10:01
Investors are also keeping an eye on a meeting of the Organization of Petroleum Exporting Countries (OPEC) oil cartel this week regarding output levels, against a backdrop of unrest in member nation Libya.
Last Updated: Tuesday, December 03, 2013, 09:33
The February Brent contract also surged more than USD 2 a barrel at one point, and finished up USD 1.81 at USD 111.14 a barrel.
Last Updated: Monday, December 02, 2013, 12:22
Brent crude edged above USD 110 a barrel on Monday as Chinese industrial activity clung to an 18-month high and on continued supply disruptions in Libya.
Last Updated: Saturday, November 30, 2013, 10:30
The US will continue to aggressively enforce sanctions over the next six months, as they work to determine whether there is a comprehensive solution that gives them confidence that the Iranian nuclear programme is for exclusively peaceful purposes.
Last Updated: Friday, November 29, 2013, 12:44
Protesters with a wide range of demands have been blocking oil and gas export terminals since late July, causing revenues to plunge 80 per cent.
more videos >>