Saudi says oil price slump should not stop investment
Saudi says oil price slump should not stop investment

Oil prices have slumped by more than 50 percent since the middle of last year amid a worldwide supply glut, prompting the cancellation of a string of major investment projects.

Oil prices drop amid rising supplies

Oil prices fell on Tuesday as market expected that the US supplies continued to expand.

Russian crisis-hit economy slumped 4.1% in third quarter

Russia's economy shrank 4.1 percent in the third quarter this year, official statistics showed today, as a recession caused by low oil prices and Western sanctions over Ukraine continued to take its toll.

Gulf should adjust to new oil price 'reality': IMF
Gulf should adjust to new oil price 'reality': IMF

Gulf economies need to adjust to the "new reality" of oil prices expected to remain low for some time, the International Monetary Fund says, recommending spending cuts and income diversification.

Mandi Live: Crude Oil Updates

Zee Business, India's first 24-hour Hindi business channel, was conceived to offer 'information' and 'insight' and bring business and economy coverage to you in your own language.
Take a look at the below given playlists and check out the videos:

US oil price gains amid falling output

US oil price advanced on Friday as data signaled that US crude output was contracting.

Rolls-Royce axes 400 more jobs
Rolls-Royce axes 400 more jobs

Rolls announced in a statement that it will reduce its number of employees by 400 by the end of next year, on top of 600 job cuts already unveiled in May.

Crude oil may slide to $20 a barrel, warns Goldman Sachs
Crude oil may slide to $20 a barrel, warns Goldman Sachs

Crude futures fell on Friday after Wall Street`s most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns about China`s economy.

Oil edges back up to $50 a barrel from six-month low

Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook.

Oil falls more than 3 after Greek ''No''

Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply.

Oil holds above $64 before US supply report, eyes on Iran

Oil held above $64 a barrel on Wednesday before a U.S. government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.

Oil falls on supply glut after earlier boost from Greece

Oil prices fell below $63 a barrel on Monday, weighed down by concerns of a growing supply glut, paring earlier gains spurred by hopes that Greece might avert a default.

World stocks, oil fall as Greek talks collapse

Stock markets around the world fell on Monday as they felt the ripple effects of the Greek crisis after the collapse of 11th-hour talks between the near-bankrupt country and its creditors.

Oil slips after OPEC keeps output high, China slowdown

Oil prices fell on Monday on news of a slide in China`s fuel imports and as markets digested OPEC`s decision to maintain its production target, which analysts said could prolong a supply glut for the rest of the year.

Oil prices sink ahead of OPEC summit

Oil prices fell sharply for a second day Thursday ahead of OPEC`s summit to review its production levels amid an oversupplied market.

OPEC heads towards holding output; oil slips under $60

OPEC headed Thursday towards holding crude output levels on the eve of its production meeting, as oil prices slid back under $60 a barrel on concerns that the expected decision would further fuel oversupply.

OPEC to continue pumping oil at current rate

OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year`s shock market therapy has revived demand and knocked back growing competition.

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.

Oil down 3% on dollar rally, ample supply worry

Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.

Goldman cuts crude outlook and oil company forecasts

Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand.