Oil tumbles anew on Iraqi export deal, futures margin hike

Oil prices resumed their slide on Tuesday after rising in their biggest rally in two years the day before, hurt by a deal that will add more Iraqi crude to already oversupplied markets, higher margin requirements for trading U.S. futures, and a stronger dollar.

Govt keeping close watch on oil prices: Mayaram

The government is watching crude oil prices in the wake of Iraq crisis, Finance Secretary Arvind Mayaram said on Saturday.

Oil cos may see 30% cut in FY14 revenue loss on falling crude

State-owned oil firms are likely to see revenue loss on sale of diesel and cooking fuel cut by over 30 percent to Rs 112,000 crore during the current fiscal on falling international oil rates.

'Oil price hike will be decided by oil companies'

The Centre on Thursday said oil price hike issue will be taken by oil companies and not by the concerned ministry.

Gigantic fraud being committed on oil price issue: CPI-M

CPI-M said a "gigantic fraud" was being committed on the people in the name of losses of oil companies.

EGoM to meet as oil companies seek fuel price hike

As oil companies press for a hike in fuel prices, Petroleum Minister S Jaipal Reddy has sought a meeting of a high-powered ministerial committee to decide on how to cut the losses they incur.

‘UPA`s oil price hike justification misleading’

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

Oil price hike: Left parties protest in Punjab

Left parties Monday staged
demonstrations at their district headquarters across Punjab protesting hike in prices of petrol and other essential commodities during the UPA regime.