Oil markets

Gulf OPEC members seek to revive global oil output deal

Vienna: Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday, a senior OPEC source said, but Iran signalled the country was not ready for any such pact.

Jun 01, 2016, 18:34 PM IST

Weak economic outlook and oversupply weigh on oil markets

Japan`s economy shrank an annualised 1.2 percent in April-June, revised GDP data showed on Tuesday, despite ongoing government and central bank measures to support growth.

Sep 08, 2015, 08:21 AM IST

Oil markets catch breath after biggest gains in six years

Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.

Aug 28, 2015, 08:27 AM IST

Oil price near 6.5-year low as China economy fears linger

Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.

Aug 26, 2015, 08:56 AM IST

Without Saudi support, talk of OPEC emergency meeting is just noise

Once upon a time, talk of an emergency OPEC meeting would have rippled through oil markets, likely triggering at least a brief rally in prices.

Aug 25, 2015, 23:16 PM IST

Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years

US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.

Aug 21, 2015, 21:59 PM IST

Five key reasons behind falling oil prices

Here are the 5 key reasons of oil price decline.

Aug 20, 2015, 10:59 AM IST

Oil hits four-month low on China stocks tumble, supply worries

Crude oil futures hit four-month lows on Monday after a steep drop in China`s stock markets spread concerns about the economic health of the world`s biggest energy consumer, amid evidence of a growing crude glut.

Jul 28, 2015, 00:11 AM IST

Oil up more than 1% after US inventory drop

Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.

May 30, 2015, 10:13 AM IST

Oil market jumps on hopes of easing global supply glut

World oil prices shot higher Wednesday on forecasts that US shale production would likely drop and help ease a global supply glut, analysts said.

Apr 15, 2015, 19:05 PM IST

IEA says oil supply boost may defer market tightening

The agency raised its forecast for global oil demand growth in 2015 for a second consecutive month, citing strong pockets of consumption in Europe, India and the United States.

Apr 15, 2015, 16:04 PM IST

Oil markets face uncertain future as OPEC targets competitors

A supply glut, lower demand and the stronger US dollar have all contributed to pushing down oil prices, which have dropped nearly 50 percent since June to around $60 a barrel.

Dec 22, 2014, 17:55 PM IST

Brent edges up toward $65, but Saudi stance on output curbs gains

Brent crude ticked higher on Thursday but remained below $65 per barrel, and not far above five-year lows hit in the previous session, with the market`s bearish tone largely intact.

Dec 11, 2014, 10:29 AM IST

Losses on diesel more than double to Rs 3.40 a litre

With escalating violence in Iraq spooking international oil markets, losses on the sale of diesel have more than doubled to Rs 3.40 a litre even after monthly price increases.

Jul 01, 2014, 20:05 PM IST

UAE committed to maintaining oil market stability: Minister

The United Arab Emirates is committed to maintaining stability in world oil markets, UAE's Minister of State for Foreign Affairs Anwar Mohammed Gargash said.

Feb 21, 2012, 13:42 PM IST