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current global oil prices

Airlines to enjoy low fuel in 2016, costs under spotlight

Airlines can look forward to continuing low oil prices for at least this year, helping to boost profits and drive demand for travel, but need to be wary of a swift rebound and focus on staff costs, experts said at a conference on Monday.

Jan 19, 2016, 03:30 AM IST

Oil slumps below $28 to 2003 low as Iran sanctions lifted

Oil prices slumped to a 2003 low below $28 per barrel on Monday as the market anticipated a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend.

Jan 19, 2016, 02:52 AM IST

Oil falls below $86 as oversupply, global economy worries weigh

Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week`s four-year low. US crude hovered below $83 a barrel.

Oct 21, 2014, 04:13 AM IST