Oil prices

IndiGo to levy up to Rs 400 fuel surcharge per passenger on domestic routes to offset rising oil prices;  fares set to rise

IndiGo to levy up to Rs 400 fuel surcharge per passenger on domestic routes to offset rising oil prices; fares set to rise

IndiGo is the first local carrier to announce passing on the burden of spiralling jet fuel prices to the passengers.

May 29, 2018, 21:05 PM IST
Oil prices slump as OPEC and Russia consider output boost

Oil prices slump as OPEC and Russia consider output boost

Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel. 

May 26, 2018, 09:02 AM IST
Cheap fuel vs cheap mobile data: BJP leader's attack on Congress backfires

Cheap fuel vs cheap mobile data: BJP leader's attack on Congress backfires

Twitter users fear he may be made India's next finance minister for his internet data cost vs fuel price comparison.

May 24, 2018, 08:58 AM IST
More pain in future? Analysts claim crude oil to touch $100/barrel by 2019

More pain in future? Analysts claim crude oil to touch $100/barrel by 2019

Petrol and diesel have surged on the back of rallying international markets for crude oil, which are at an all time high.

May 23, 2018, 12:05 PM IST
Increase in fuel prices due to reduced production of oil in OPEC, solution soon: Union Petroleum Minister Dharmendra Pradhan

Increase in fuel prices due to reduced production of oil in OPEC, solution soon: Union Petroleum Minister Dharmendra Pradhan

Petrol prices on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest-ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers.

May 20, 2018, 22:50 PM IST
ONGC capital spending not impacted by oil price: Moody's

ONGC capital spending not impacted by oil price: Moody's

In a report, Moody's said while ONGC did not reduce capital spending on oil and gas exploration and production, it halted the pace of its international expansion as a response to the oil price slumping from USD 140 per barrel to under USD 40.

May 17, 2018, 14:41 PM IST
Inflation to average around 5.1% this fiscal: Report

Inflation to average around 5.1% this fiscal: Report

On RBI's policy stance, the report said, the RBI has enough reasons to raise rates by 50 bps in this cycle.

May 15, 2018, 17:10 PM IST
Oil PSUs freeze petrol, diesel prices ahead of Karnataka polls

Oil PSUs freeze petrol, diesel prices ahead of Karnataka polls

Daily price notification issued by oil firms showed static petrol and diesel price since April 24.

May 01, 2018, 14:37 PM IST
Oil prices slip as analysts warn of correction after 13% gain in the past month

Oil prices slip as analysts warn of correction after 13% gain in the past month

Brent crude futures were at $69.07 a barrel at 0441 GMT, down from a high of $69.37 earlier in the day and 18 cents below their last close.

Jan 17, 2018, 12:36 PM IST
Oil prices near three-year highs, supported by healthy demand

Oil prices near three-year highs, supported by healthy demand

Prices have been driven up by production curbs in OPEC nations and Russia, as well by strong demand thanks to healthy economic growth.

Jan 16, 2018, 12:45 PM IST
Oil hits highest since mid-2015, then dips

Oil hits highest since mid-2015, then dips

It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel, buoyed by large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia.

Jan 03, 2018, 00:04 AM IST
Oil tops $65, first time since 2015, on UK pipeline outage

Oil tops $65, first time since 2015, on UK pipeline outage

Oil also gained support from expectations the latest reports on US inventories will show a further tightening of supplies.

Dec 12, 2017, 16:24 PM IST
Sensex falls 228 points, ends below 33,300-mark

Sensex falls 228 points, ends below 33,300-mark

The broader Nifty too settled below the key 10,300-level, down 82.10 points, or 0.80 percent, at 10,240.15.

Dec 12, 2017, 15:45 PM IST
Oil bounces back from losses prompted by US fuel stocks

Oil bounces back from losses prompted by US fuel stocks

Data from the Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories fell by 5.6 million barrels in the week to December 1, to 448.1 million barrels, putting stocks below seasonal levels in 2015 and 2016.

Dec 07, 2017, 21:26 PM IST
US trade gap widens in October on record imports

US trade gap widens in October on record imports

The trade deficit for the month was pushed by rising oil prices, as well as record imports from China ahead of the holiday shopping season, the Commerce Department said in its monthly report.

Dec 05, 2017, 19:51 PM IST
Oil steadies above $62 per barrel, expected fall in US inventory supports

Oil steadies above $62 per barrel, expected fall in US inventory supports

An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster US output which climbed to nearly 9.5 million barrels per day in September.

Dec 05, 2017, 16:43 PM IST
Lucky 13? Global stocks score longest run of monthly gains on record

Lucky 13? Global stocks score longest run of monthly gains on record

The world’s broadest equity gauge – the MSCI all-country index – was on course to finish November with its 13th straight monthly gain – the longest such winning streak in the index’s 30-year history.

Nov 30, 2017, 15:58 PM IST
Oil falls on uncertainty over OPEC deal, rise in US inventories

Oil falls on uncertainty over OPEC deal, rise in US inventories

Brent crude futures were down 34 cents on the day at $63.27 a barrel, while US light crude fell 31 cents to $57.68 a barrel.

Nov 29, 2017, 16:34 PM IST
Oil prices fall on pipeline restart, uncertainty over OPEC output cuts

Oil prices fall on pipeline restart, uncertainty over OPEC output cuts

US crude touched $59.05 a barrel on last week, the highest level since mid-2015.

Nov 28, 2017, 13:53 PM IST
US oil dips on increased drilling, but OPEC cuts support global markets

US oil dips on increased drilling, but OPEC cuts support global markets

US crude production has risen by 15 percent since mid-2016 to 9.66 million barrels per day, not far from top producers Russia and Saudi Arabia, and increasing drilling activity for new production means output is expected to grow further.

Nov 27, 2017, 10:32 AM IST

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