Crude Oil

Make in India: Govt may halve domestic crude cess to push oil, gas exploration

Cess on domestic crude is currently levied at the rate of 20 per cent of the value of oil. This may come to 10 per cent.

Dec 25, 2019

Government mulling premium on petrol, diesel prices on BS-VI switchover

The global oil market has largely remained flat for the past several months due to slower demand.

Dec 22, 2019

Petrol, diesel prices stable for 2nd day: Check latest rates in your city

In this month so far, the petrol prices have increased by Rs 1.3 while that of diesel has increased by 4 paise.

Nov 21, 2019

OPEC crude output to average 29.6m barrels a day: EIA

In its October Short-Term Energy Outlook, EIA also forecast that annual average OPEC crude oil production will average 29.8 million b/d in 2019, down by 2.1 million b/d from 2018.

Oct 9, 2019

Saudi plans major investment in India's refining, petrochemical sector

The Kingdom's state-owned Saudi Aramco is a joint venture partner of the $44 billion-Ratnagiri Refinery and Petrochemicals Ltd, which is reportedly decided to establish its refining and petrochemical facilities in Raigad district of Maharashtra.

Sep 30, 2019

Iran warns of 'strong step' away from nuclear deal if Europe cannot offer new terms

Iran's oil should be bought and its money should be accessible to return to the country, said Ali Rabiei, an Iranian government spokesman.

Sep 2, 2019

Anyone providing support to blacklisted Iranian tanker will face sanction, warns US

Tensions between Tehran and Washington have risen since President Trump withdrew from a landmark 2015 nuclear deal between major powers and Iran last year and imposed crippling unilateral sanctions.

Aug 31, 2019

Rupee slips against US dollar after Trump threatens to raise Chinese import tariffs

Volatility index India VIX spikes over 10 per cent to hit a new high of 27.83 points as Nifty crashes below 11,600 tracking global indices; US dollar inches closer to Rs 70 and crude dips below $70.

May 6, 2019

Global Markets: Asian shares pause near eight-month high, dollar weakens

Overnight, European and U.S. shares gained. On Wall Street, the S&P 500 added 0.35 per cent, the Nasdaq climbed 0.7 per cent while the Dow was barely changed.

Apr 11, 2019

Inflation seen inching up in March, but still below RBI target: Survey

According to the median consensus of over 40 economists polled by Reuters between April 4 and 8, consumer prices rose at an annual rate of 2.80 per cent in March, up from 2.57 per cent in February.

Apr 9, 2019

Oil hits November 2018 highs amid OPEC supply cuts, US sanctions

Brent and WTI both hit their highest levels since November last year at $70.76 and $63.48 per barrel, respectively, early on Monday.

Apr 8, 2019

Oil prices fall, Brent drops away from $70

International benchmark Brent futures dropped 23 cents, or 0.3 per cent, to $69.17 a barrel by 0040. On Thursday, they closed 9 cents higher after touching a session high of $70.03, the highest since Nov. 12.

Apr 5, 2019

Oil prices rise, adding to biggest quarterly gain in 10 years

Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.

Apr 1, 2019

Oil prices rise amid OPEC's ongoing supply cuts, US sanctions

US West Texas Intermediate (WTI) futures were at $59.54 per barrel at 0100 GMT, up 24 cents, or 0.4 per cent, from their last settlement. Brent crude oil futures had yet to trade.

Mar 29, 2019

Crude awakening: Chinese oil demand rebounds as independent refiners restock

Global benchmark Brent oil prices had fallen more than 30 percent to just above $50 a barrel by the end of 2018.

Jan 28, 2019

Global Markets: Asian shares, US stock futures dented by growth worries

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, drifting away from a recent seven-week top.

Jan 22, 2019

Global Markets: Asian shares falter from 1-1/2-month highs, markets wary about China data

Partial data on trade from China showed dollar-denominated exports growth was the highest since 2011. Markets are still awaiting numbers for December due shortly.

Jan 14, 2019

Asia stocks at one-month high, focus stays on US-China trade talks

Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank can be patient on raising interest rates further.

Jan 11, 2019

Global Markets: Asian shares blindsided by dismal China data

Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and erased early gains in U.S. stock futures

Jan 2, 2019

Global stocks under a cloud as US political tumult adds to growth anxiety

US Treasury Secretary Steven Mnuchin had also raised market concerns by convening a crisis group amid the pullback in stocks.

Dec 26, 2018