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Global Oil Prices

June inflation likely reached highest level in nearly 2 years: Poll

A high reading for June should cement expectations for the central bank to raise rates as early as August after its 25 basis points hike last month to try and control potential risks caused by higher inflation.

Jul 10, 2018, 12:40 PM IST

China launches first ever yuan-denominated oil futures contract; posts more than 6% jump

China launched its first ever yuan-denominated oil futures contract in Shanghai on Monday, marking the first time foreign investors will have access to Chinese commodity futures as the world`s top crude importer seeks greater influence over global prices.

Mar 26, 2018, 08:53 AM IST

Domestic airlines set to raise fares on costlier jet fuel

The cost of aviation jet fuel is on the rise, and with that domestic air fares are also set to see a northward trend.

Feb 13, 2017, 10:45 AM IST

Spike in global oil price poses risk for growth: Economic Survey

It is not just demonetisation which is threatening the world's fastest growing economy tag of India. A spike in oil prices too may have dampening impact on the growth, the Economic Survey said today.

Jan 31, 2017, 17:22 PM IST

Petrol price likely to touch Rs 80 per litre, diesel Rs 68/litre

The price of petrol is seen touching Rs 80 and diesel Rs 68 per litre if global oil prices cross $60 a barrel.

Dec 10, 2016, 17:28 PM IST

Asian shares at 9-month highs on inflow bets; dollar strong

Asian stocks climbed to nine-month highs on Thursday, helped by a pickup in capital inflows and a recovery in global oil prices, while the dollar stood strong on growing bets of a U.S. rate increase as early as September.

Jul 21, 2016, 08:47 AM IST

Drop in global oil prices windfall for Indian economy: IMF

Terming the slump in global oil prices as a "large windfall" for India, the IMF said this has allowed the country to spend more on goods and services, and a "sharp decline" in inflation.

Mar 03, 2016, 14:06 PM IST

Oil rockets from 12-year low on renewed talk of OPEC cut

Global oil prices surged as much as 12 percent on Friday after a report once again suggested OPEC might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk.

Feb 13, 2016, 00:55 AM IST

Lower inflation result of reforms, global oil prices: FinMin

WPI-based inflation has come down from 6.0 percent in 2013-14 to 2.0 percent in 2014-15. The wholesale inflation has been in the negative zone since November 2014 and stood at -3.8 percent in October 2015.

Dec 16, 2015, 19:25 PM IST

Oil prices climbs as Turkey shoots down Russian jet

Global oil prices rose today after Turkey shot down a Russian jet on the Syria border, sparking fresh tensions in the crude-rich Middle East, dealers said.

Nov 24, 2015, 19:23 PM IST

Kuwaiti emir warns budget down 60% on low oil prices

Kuwait's ruler warned Tuesday his nation's revenue is down some 60 percent due to low global oil prices, urging citizens of this tiny country to be prepared for any economic reforms.

Oct 27, 2015, 21:39 PM IST

Oil prices rebound in Asia on bargain-hunting

Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.

Oct 13, 2015, 10:27 AM IST

Gas price cut to $3.82, will dent govt revenues by Rs 800 cr

Locally produced gas in India will cost 18 percent less during October-March compared with the first half of the current fiscal year, a source with knowledge of the matter said on Wednesday, due to a decline in global prices.

Sep 30, 2015, 11:24 AM IST

India should buy overseas assets aggressively: Pradhan

Opportunities emerging from low oil prices were discussed at a meeting called by Prime Minister Narendra Modi with business leaders, bankers and bureaucrats yesterday against the backdrop of global economic turmoil, he said.

Sep 09, 2015, 12:43 PM IST

Watch: Should there be a cut in petrol and diesel prices?

Brent on Wednesday was up 30 cents at $43.51 a barrel by 1300 GMT, and US crude was up 10 cents at $39.41 a barrel.

Aug 26, 2015, 22:58 PM IST

OPEC expected to keep status quo on oil output

However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.

Jun 05, 2015, 10:09 AM IST

Crude oil futures surges by Rs 65 on Asian cues

Crude oil for delivery in June was trading notably higher by Rs 65, or 1.77 percent to Rs 3,733 per barrel, with a business turnover of 4,545 lots in futures trading at the Multi Commodity Exchange.

May 29, 2015, 12:20 PM IST

Exports to China to pace up at 14% a year in 2020-30: HSBC

Exports to China are expected to grow by around 14 percent a year in the decade to 2030, potentially outpacing outbound shipment growth to any other country, said an HSBC trade forecast report.

May 28, 2015, 12:35 PM IST

Oil prices mixed in Asian trade

Oil is on an uptrend but neither is it on a steady fall. Oil has stabilised at current prices, and in dicates both the WTI and Brent to remain in this USD 60-USD 70 range.

May 26, 2015, 11:05 AM IST

Oil prices slip in Asian trade

Now, the rally seems to have fizzled out probably due to profit-taking as the market re-adjusts.

May 22, 2015, 10:13 AM IST