Oil prices up in Asian trade

Oil prices rose in Asian trade today as investors await the release of US Federal Reserve minutes from its April meeting, while keeping an eye on the latest stockpiles data.

Oil prices rise on Libya concerns

Oil prices rose in Asia Tuesday on growing concerns about lawlessness in crude-producer Libya as an top military unit joined a renegade general`s bid to quash Islamists and edged the country closer to civil war.

Oil prices rise after eastern Ukraine independence vote

Oil prices rose in Asia today after pro-Russian rebels in eastern Ukraine claimed a majority of voters in a disputed referendum chose independence, raising fears of a civil war that could disrupt supply.

Obama`s approval rating dips with rising gas prices

The approval rating of US President Barack Obama has dropped significantly with the increase in gasoline prices, according to two separate opinion polls.

Iran says oil could reach $120 to $150 per barrel

The EU announced an embargo on Iranian oil last week to
pressure Tehran on its controversial nuclear programme.

Pak hikes oil prices, fueling anger

Several lawmakers walked out of the National Assembly.

Deora meets PM on fuel prices, no decision taken

Petroleum Minister Murli Deora met Prime Minister Manmohan Singh on Wednesday evening to discuss raising prices of petroleum products, but no decision was taken.

Oil prices bounces above 83 dollars

The price of oil briefly struck a 15-month high close to USD 84 on Tuesday in the wake of positive Chinese energy data and as a cold snap raised demand for heating fuel, analysts said.

Oil prices rise before OPEC meet

Oil prices rose today as OPEC`s crude-producing nations signalled that they would decide against making changes to output levels at an upcoming meeting.

Oil prices up in Asian trade

Oil prices rose in Asian trade today as traders capitalised on a weakening US dollar, analysts said.

Oil prices perfect, inventories dropping: Saudi

Saudi Oil Minister Ali al-Naimi said on Saturday that the price of oil is "perfect" and that crude inventories in international markets are on the decline.

Oil prices dip as inventories stay high

Oil prices dropped on Friday and were
likely to stay under USD 80 because of high energy inventories
in the United States, the world`s biggest energy-consuming
nation, analysts said.

Oil falls in Asia after overnight gains

Oil fell slightly in Asian trade on Tuesday after overnight gains spurred by a weak dollar and hopes of improved energy demand amid a global recovery, analysts said.

Shell profit down 73%, hit by falling oil prices

Royal Dutch Shell Plc (RDSa.L) said third quarter net profits fell 73 percent, hit by falling oil and gas prices and refining margins, and Chief Executive Peter Voser warned of a slow recovery.

Govt not to hike oil prices despite surge in global rates

The government is not considering revising petrol and diesel prices despite a sharp rise in oil rates in international markets, as the devaluation of dollar against rupee has helped neutralise the global impact.

Oil rises above USD 78, extends week-long rally

Oil prices continued a weeklong
rally on Friday in Asia, jumping above USD 78 a barrel, after US
gasoline inventories unexpectedly fell.

Oil weakens in Asian trade on profit-taking

Oil fell in Asian trade on Tuesday on profit-taking after overnight gains driven by hopes for improved demand as the global economy recovers, analysts said.

Oil prices fall to near $71

Oil prices fell to near USD 71 a barrel on Friday in Asia, giving up part of the previous day`s big gains, as the US dollar rebounded.

Oil hangs near $70 in Asia after big tumble

Oil prices wallowed near USD 70 a barrel on Tuesday in Asia after falling steeply overnight amid news that China`s crude consumption fell in August.

Oil falls below $72 in Asia amid weak demand

Oil prices fell below USD 72 a barrel Monday in Asia as high crude stockpiles and weak demand tempered enthusiasm about recent signs of improvement in the world`s largest economy.