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
