crude oil

India tops up strategic reserves with cheaper crude, saves over USD 685 million

India tops up strategic reserves with cheaper crude, saves over USD 685 million

Taking advantage of low prices in major oil-producing centres in Saudi Arabia and UAE, India has filled up its strategic crude oil reserv...Read More

OPEC cuts oil demand forecasts, BP sees 'peak oil' in 2020s

OPEC cuts oil demand forecasts, BP sees 'peak oil' in 2020s

Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly ...Read More

India's oil import bill declines by two-third on fall in international prices: Dharmendra Pradhan

India's oil import bill declines by two-third on fall in international prices: Dharmendra Pradhan

India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates nosedived on d...Read More

ONGC unlikely to buy overseas oil, gas assets at current prices

ONGC unlikely to buy overseas oil, gas assets at current prices

State-owned Oil and Natural Gas Corp (ONGC) is unlikely to invest in overseas oil and gas assets at current crude prices of USD 40-45 per...Read More

Oil prices rise as Iraq pledges to cut output amid COVID-19

Oil prices rise as Iraq pledges to cut output amid COVID-19

Crude oil prices rose on Monday on supply concerns after Iraq said that it will further cut production.Last week, Iraq said it would cut ...Read More

Eight core industries' output contracts 15% in Jun

Eight core industries' output contracts 15% in Jun

The eight core sectors had expanded by 1.2 per cent in June 2019, data released by the Commerce and Industry Ministry on Friday showed.

Global oil demand to record historic growth in 2021: OPEC

Global oil demand to record historic growth in 2021: OPEC

The Organization of the Petroleum Exporting Countries (OPEC) predicts that global oil demand will register a historic high growth of seve...Read More

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

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