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Iraq overtakes Saudi Arabia as India's top oil seller

Iraq has overtaken Saudi Arabia to become India's top crude oil supplier while Iran has grabbed the fourth biggest exporter slot post lifting of sanctions.

 

Oil prices dip in Asia as oversupply worries return

Oil prices dip in Asia as oversupply worries return

Oil prices turned lower again in Asia on Wednesday after data indicated a rise in US stockpiles, reigniting concerns about a supply glut, while profit-takers stepped in after the previous day's surge.

Government may not cut excise duty on petrol, diesel for now

Government may not cut excise duty on petrol, diesel for now

Government may not cut excise duty on petrol and diesel in the near-term if it accepts the suggestions made in the approach paper submitted by Chief Economic Adviser for maintaining status quo when oil prices can climb by another USD 15 a barrel.

Oil prices fall as Brexit lingers, refined products glut looms

Oil prices fall as Brexit lingers, refined products glut looms

Oil prices dropped on Monday, extending sharp declines after Britain`s vote to leave the European Union sparked a sharp selloff in global markets on Friday.

Oil plunges more than 6.0% as Brexit looms

Oil plunges more than 6.0% as Brexit looms

World oil prices plunged more than 6.0 percent in Asia Friday after early results of a historic vote showed Britain increasingly moving towards bolting out of the European Union.

Oil prices above $50, buoyed by US stock draw

Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks.

Ind-Ra lowers FY17 CAD estimate to 1.3-1.5%

India Ratings and Research has revised its FY17 estimate for the country's current account deficit (CAD) to 1.3-1.5 percent of GDP from 1.2 percent due to lower remittances and lower software earnings in fourth quarter for the current fiscal.

Moody's ups oil price forecast to $40 per barrel for 2016

Moody's ups oil price forecast to $40 per barrel for 2016

Moody's Investors Service on Friday revised upwards its price forecast for oil this year on the back of recent uptick in rates.

Lower CAD a healthy sign, will meet macro data target: Lavasa

Lower CAD a healthy sign, will meet macro data target: Lavasa

Buoyed by the current account nearing surplus for the first time in nine years, the government on Friday said reduction in CAD is a sign of economic health and it is committed to sticking to its targets.

Keeping tab on Brexit, turmoil in the Middle East, oil prices: Jayant Sinha

Keeping tab on Brexit, turmoil in the Middle East, oil prices: Jayant Sinha

Government is keeping a watch on the global risk factors to the economy including Brexit, turmoil in the Middle East and spike in oil prices in the international market, Minister of State for Finance Jayant Sinha said Thursday.

Diesel gets costlier by Rs 1.26 per litre: Know the new price list city wise

Diesel gets costlier by Rs 1.26 per litre: Know the new price list city wise

Know the new prices of diesel in major Indian cities applicable from midnight of June 15, 2016 and June 16, 2016.

RBI retains retail inflation target at 5% with upward bias

RBI retains retail inflation target at 5% with upward bias

Mumbai: RBI on Tuesday retained January 2017 retail inflation target at 5 percent, though with an upward bias, amid a sharper-than-anticipated upsurge in inflationary pressures due to food items and firming oil prices.

No final decision taken on crude extraction by OPEC group

No final decision taken on crude extraction by OPEC group. Watch complete news story of Mandi Live and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

Iran says markets have absorbed its rising oil exports

Iran says markets have absorbed its rising oil exports

Tehran: World oil markets have seen no negative impact from a doubling of Iranian exports following the lifting of international sanctions, the country's oil minister said today.

Oil slips as $50 level sparks new output fears

Oil slips as $50 level sparks new output fears

Oil markets fell around 1 percent on Friday, retreating from seven-month highs, as traders weighed the prospect of crude production intensifying because of prices near $50 a barrel despite supply outages in recent weeks that eased a global glut.

Oil prices dip as Iran says no plan to freeze output

Oil prices dip as Iran says no plan to freeze output

Despite a recent rebound, world crude prices are still at less than half of their levels of June 2014 because of a supply glut, partly fed by Iran's return to world markets in January after the lifting of nuclear-linked Western sanctions.

US stocks jump on rising oil prices

US stocks jump on rising oil prices

US stocks posted solid gains on Monday as investors cheered over a strong rebound in oil prices.

Wall Street drops at end of tough week for retailers

Wall Street drops at end of tough week for retailers

US stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from Nordstrom and JC Penney overshadowed upbeat April retail sales data.

Oil price falls from 2016 high

The IEA's monthly report was published one day after news of a drawdown in US oil inventories that signalled strong demand in the world's top oil consumer -- and sent prices racing higher.

Oil producers fail to agree output freeze

The world`s top oil producers failed to reach agreement on capping output in Doha.