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.

Western powers say Libya risks bankruptcy as oil price falls

 The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if oil prices continue to fall.

Oil prices mixed as Iraq keeps markets on edge

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.

Price climb likely, but no fuel shortage if Iraq unrest persists

The Iraq crisis has escalated with another town falling into the hands of ISIS.

Oil prices rise on renewed Ukraine concerns

Oil prices rebounded on Thursday as heightened tensions in Ukraine overshadowed data showing US commercial crude inventories reaching an all-time high, analysts said.

US oil price slip in expectation of crude stocks rise

US oil prices slipped Tuesday as traders anticipated a gain on stockpiles in the United States in the government`s weekly crude inventory report, but prices were slightly higher in London.

Mechanism to monitor gas pricing in AAP`s economic agenda

Better mechanism to monitor oil and gas pricing in the country and effective implementation of Jan Lokpal are going to be some of the main issues in AAP`s economic agenda, according to sources.

IOC may raise petrol prices soon

State-owned Indian Oil Corp, the nation`s largest oil firm, on Monday hinted at an imminent hike in petrol prices, whose rates have not been revised since January in view of elections in states like West Bengal.

Oil prices up in Asian trade as regional demand picks up

Oil prices rose in Asian trade on Tuesday as traders were heartened by renewed demand for energy in the region, dealers said.

Oil below $76 as OPEC ministers flag steady output

Oil prices hovered below USD 76 a barrel on Monday in Asia after several OPEC ministers said they don`t expect their group to change production levels at a meeting later this month.

Oil rises above $78 on US hurricane, weaker dollar

Oil prices broke above USD78 a barrel on Monday in Asia as Hurricane Ida threatened oil installations in the Gulf of Mexico.

Oil trades below USD79 as US dollar strengthens

Oil prices fell to below USD79 a barrel on Friday as the strengthening US dollar outweighed news that the US economy grew again in the third quarter after contracting for a full year.

Oil drops below USD 69 as dollar gains, stocks slide

Oil prices dropped below USD69 a barrel on Monday in Asia amid a stronger US dollar and a slide in regional stock markets.

Iraq budget panel sees 2010 oil price at $60 per barrel

A committee reviewing Iraq`s budget proposals for 2010 has recommended spending plans be based on average oil prices of USD 60 per barrel.

Oil rises in Asian trade on economic recovery hopes

Oil prices rose in Asian trade
today, bolstered by improved investor sentiment amid
widespread hopes for a global economic recovery, analysts

Oil retreats in Asian trade

Oil retreated modestly in Asian trade on Thursday after overnight gains that were fuelled by the weakening dollar, analysts said.

Oil slips to near $71 amid mixed US economic news

Oil prices slipped to near $71 a barrel Wednesday in Asia as mixed economic news from the US stalled a weeklong rally.