crude oil

Oil prices fall again, WTI down 20% on supply glut

Oil prices fall again, WTI down 20% on supply glut

US oil prices tumbled again on Tuesday with the June contract of WTI crude on the NYMEX falling nearly 20 per cent amidst a supply glut a...Read More

Crude tanks 25% as traders run out of space to store excess oil

Crude tanks 25% as traders run out of space to store excess oil

MUMBAI: Crude oil contracts on Multi Commodity Exchange of India tanked over 25% today as traders ran out of space to store excess oil in...Read More

Despite crash in international oil prices, govt keeps fuel prices unchanged for 40 days

Despite crash in international oil prices, govt keeps fuel prices unchanged for 40 days

This is one reform initiative of the government that has not yielded the desired results on ground. A collapse in global crude oil prices...Read More

China pounces on crude as prices collapse, adds to stockpiles

China pounces on crude as prices collapse, adds to stockpiles

China, the world's biggest energy consumer, is building up stockpiles of crude oil as global prices plunge due to the coronavirus outbreak.

Will take advantage of the crash in oil prices to fill national stockpile: Trump

Will take advantage of the crash in oil prices to fill national stockpile: Trump

President Donald Trump said Monday the United States would take advantage of the historic drop in oil prices to replenish its national st...Read More

For the first time in history, US oil prices trade in the negative

For the first time in history, US oil prices trade in the negative

What it means is that oil producers are paying the buyers to take the commodity off their stocks…

Oil prices crash into negative as producers run out of space to store

Oil prices crash into negative as producers run out of space to store

On Monday, oil prices plunged below zero as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck...Read More

Oil prices surge after OPEC and allies agree on output cut deal

Oil prices surge after OPEC and allies agree on output cut deal

International crude oil prices surged on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies includi...Read More

Asia markets slip as oil rallies on output cuts deal

Asia markets slip as oil rallies on output cuts deal

Asia markets fell Monday with investors cautious on news of an international deal to shore up oil prices and tentative signs of progress ...Read More

OPEC says top oil producers except Mexico agree to output cuts

OPEC says top oil producers except Mexico agree to output cuts

Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said on Friday, after marathon...Read More

US crude oil stocks rise by 15 mn bbl in week to Fri, output slips

US crude oil stocks rise by 15 mn bbl in week to Fri, output slips

Crude oil inventory in the US rose by 15.2 mln barrels to 484.4 mln bbl in the week ended Friday, data from the country's Energy Informat...Read More

Petrol, diesel prices remain unchanged for seventh consecutive day

Petrol, diesel prices remain unchanged for seventh consecutive day

On Monday, petrol and diesel prices across major cities remained unchanged for seventh consecutive day amid lockdown across India.Accordi...Read More

Petrol and diesel prices unchanged for sixth consecutive day

Petrol and diesel prices unchanged for sixth consecutive day

On Sunday, petrol and diesel prices across major cities remained unchanged for sixth consecutive day amid coronavirus outbreak and price ...Read More

Petrol, diesel prices remain unchanged for fifth consecutive day

Petrol, diesel prices remain unchanged for fifth consecutive day

On Saturday, petrol and diesel prices across major cities remained unchanged for the fifth consecutive day as global crude oil prices slu...Read More

Mayhem in Dalal street as Sensex crashes by 2,919 points

Mayhem in Dalal street as Sensex crashes by 2,919 points

India's stock market was down by 8.1%, indicating that Indian markets were the most affected

Petrol, diesel prices drop amid crude oil war between Saudi Arabia and Russia

Petrol, diesel prices drop amid crude oil war between Saudi Arabia and Russia

nternational crude oil prices fell on Wednesday after Saudi Arabia and the United Arab Emirates vowed to boost production, escalating a g...Read More

Market Update: After mayhem Monday, Sensex slowly recovers

Market Update: After mayhem Monday, Sensex slowly recovers

On Monday, the Sensex tumbled 1,942 points amid coronavirus fears, YES Bank crisis and the collapse of oil prices

Mukesh Ambani loses Asia's richest man title; Alibaba's Jack Ma tops the list

Mukesh Ambani loses Asia's richest man title; Alibaba's Jack Ma tops the list

The development comes after the collapse in oil prices as it slumped by 30% on Monday

Oil War: What does stand-off between Saudi Arabia and Russia over crude oil prices mean to India?

Oil War: What does stand-off between Saudi Arabia and Russia over crude oil prices mean to India?

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for Apri

Reliance Industries sees worst day in over 10 years amid crude oil price crash in global markets

Reliance Industries sees worst day in over 10 years amid crude oil price crash in global markets

Moreover, the state-run ONGC also met with a similar fate after the stock prices slumped by 13% on Monday

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