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IOC posts Q3 profit at Rs 3057 cr on strong EBITDA performance


fall in crude oil prices.

BPCL Q3 profit jumps 46% to Rs 1489cr, GRM improves to $7.67/bbl


quarter-on-quarter to Rs 2,417 crore due to fall in crude oil prices. Margin expanded 230 basis points to 5.2 percent QoQ.Other income in Q3 plunged 56 percent to Rs 301.05 crore and tax expenses

US crude jumps 4% from 12-year lows but outlook still bleak

12-02-2016| Source:Reuters

US crude prices bounced away from 12-year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely

ONGC Q3 profit tanks 73.4% to Rs 1286 cr on impairment loss  


"The company has provided an amount of Rs 3,994 crore as impairment loss due to fall in crude oil prices in international market during the quarter," the country's largest state-owned oil

Oil falls near 2003 low on supply, weak demand outlook

11-02-2016| Source:CNBC

In a sign that producers are still competing for market share by lowering prices, Iran offered its crude to Asia at a discount to rival OPEC producer Saudi Arabia.

ONGC aims for new drilling contracts in cost-saving drive: Srcs

11-02-2016| Source:Reuters

The state-owned explorer wants to end existing expensive contracts for drilling rigs signed in the 2014-15 fiscal year when crude prices averaged USD85 a barrel and to sign new ones at a lower price.

Highlights: Janet Yellen's Q&A testimony before House committee

11-02-2016| Source:Reuters

're tentative at this point. There are some hopeful signs but I think if the labour market continues to progress we are very hopeful we will see faster progress on wages."YELLEN ON FALL IN OIL PRICES

Oil prices fall on US storage glut, ongoing economic woes

11-02-2016| Source:Reuters

US West Texas Intermediate (WTI) crude futures were at USD 26.96 per barrel, down 49 cents and within a dollar of the USD 26.19 a barrel 2003 low from January.

Asia markets under pressure, Nikkei sheds 4.0%, ASX down 1.5%

10-02-2016| Source:CNBC

interest rate policy.Volatility in oilOil prices were up in Asian trading hours, with US crude futures gaining 2.08 percent to USD 28.52 a barrel, after dropping 4.18 percent during US hours. Global

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