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Oil prices

Oil drops 1%, set for biggest monthly fall since November as trade wars spreads

Front-month Brent crude futures, the international benchmark for oil prices, were at $65.97 at 0639 GMT, down by 90 cents, or 1.4%, from last session`s close.

May 31, 2019, 14:00 PM IST

High oil prices an 'Achilles heel' for Indian economy: Report

Also, pipeline inflation risks due to high oil prices further raise the hurdle for rate-cuts.

Apr 23, 2019, 09:49 AM IST

Oil eases from four-month high on global growth worries

Oil prices edged lower on Thursday, retreating from a four-month peak, as fears of a slowing global economy weighed on market sentiment.

Mar 21, 2019, 07:47 AM IST

Oil prices edge up, but set for first annual drop since 2015

Oil prices edged higher on Monday, the last day of 2018, but were en route for their first annual drop in three years as fears of a slowing global economy and emerging supply glut outweighed impending OPEC-led production cuts. 

Jan 01, 2019, 07:47 AM IST

Global capital markets likely to remain volatile: SEBI Chairman

Indian currency depreciation was also in sync with global trend, he said.

Dec 21, 2018, 11:36 AM IST

Saudi Arabia pumps record amount of oil as Trump piles on pressure

Saudi Arabia agreed to raise supply steeply in June, in response to calls from consumers, including the United States and India, to help cool oil prices and address a supply shortage.

Nov 26, 2018, 18:02 PM IST

Oil Minister Dharmendra Pradhan requests Odisha CM to reduce VAT on petrol, diesel

Fuel prices are the steepest in Maharashtra and the lowest in Andaman and Nicobar.

Sep 17, 2018, 16:13 PM IST

Govt approves fiscal incentives for projects to improve oil recovery

For gas, a 75 percent discount in royalty would be given.

Sep 13, 2018, 11:43 AM IST

PM Modi likely to review state of economy this weekend

An increase in interest rate to shore up the rupee, that hit a fresh lifetime low Wednesday, is also being talked about in some quarters.

Sep 13, 2018, 11:11 AM IST

Blame for fuel price shock definitely lies with NDA government. Here's why

When 'international developments' were favourable, the NDA government took credit for something it didn't do. Now that situation is unfavourable, it doesn't want to take the blame.

Sep 10, 2018, 10:40 AM IST

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

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

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

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

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

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

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

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

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

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