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Brent holds near 14-month low on plentiful supply

Last Updated: Wednesday, August 20, 2014, 10:05

Brent crude futures steadied near 14-month lows above $101 a barrel on Wednesday, with ample supplies putting prices at risk of further losses as worries over geopolitical tensions ease.

Brent falls to 14-month low on improving global supply

Last Updated: Tuesday, August 19, 2014, 23:29

Brent crude prices fell to a 14-month low on Tuesday, giving up early gains as recovering Libyan output, sustained Iraqi production and weak demand offset concerns about threats to supply.

Losses on sale of diesel rise to Rs 1.78/litre

Last Updated: Tuesday, August 19, 2014, 17:39

After dipping to the all-time low, losses on sale of diesel have risen to Rs 1.78 per litre, delaying the prospect of deregulation of the nation's most consumed fuel.

Oil India June-qtr Net up 40% at Rs 851.87 cr

Last Updated: Tuesday, August 12, 2014, 21:34

State-owned Oil India Ltd (OIL) Tuesday reported a 40 percent jump in its June quarter net profit as its net price realisation soared after cut in subsidy.

US oil prices at four-month low amid refinery outages

Last Updated: Friday, August 01, 2014, 04:53

Oil prices in New York tumbled to their lowest level since mid-March helped by unplanned refinery shutdowns in the US midwest.

Oil falls below $109 as Libya restarts oilfield

Last Updated: Wednesday, July 09, 2014, 10:05

Easing worries over possible disruptions to supply from the conflict in Iraq also dragged on prices.

Egypt raises fuel prices to slash subsidies

Last Updated: Saturday, July 05, 2014, 08:04

Egypt's government has drastically raised fuel prices to tackle a bloated subsidy system, in a potentially unpopular move that could present newly elected President Abdel Fattah al-Sisi with his first serious challenge.

Oil prices dip on profit taking, Iraq

Last Updated: Wednesday, July 02, 2014, 02:55

World oil prices slipped Tuesday on profit taking and marginally easing concerns about the Iraq crisis, while in the US a storm sparked fears about lower gasoline demand.

Oil prices mixed as Iraq keeps markets on edge

Last Updated: Saturday, June 28, 2014, 02:41

Global oil prices traded in mixed fashion ahead of the weekend Friday, with Brent slightly higher as traders watched developments in the jihadist-led offensive in Iraqi, OPEC`s second-largest oil producer.

Oil refiners gain as Brent slips below $114

Last Updated: Tuesday, June 24, 2014, 15:07

India's oil retailers surge after Brent crude falls below $114 a barrel on Tuesday, as data showing near-record high oil exports from Iraq indicated supplies remained unaffected by the escalating violence at OPEC's No. 2 producer.

'Market to see volatility amid F&O expiry, oil price movement'

Last Updated: Sunday, June 22, 2014, 17:47

Indian stock market is expected to witness volatility as traders roll over positions in the futures & options (F&O) segment, while movement in crude oil prices linked to the Iraq unrest and the progress of monsoon will set the tone this week.

Crude oil hits 9-month high above $115 a barrel on Iraq conflict

Last Updated: Friday, June 20, 2014, 08:47

Brent crude hit a nine-month high of more than USD115 a barrel on Thursday as the United States said it could send military advisers to Iraq, raising concerns about the escalating conflict.