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Oil slightly higher after five-day slump

28-07-2016| Source:PTI

Oil prices edged up in Asia today after slumping for five-straight sessions to a three-month low after a surprise jump in US stockpiles built on increasing worries about a global supply glut

Oil scrambles off April lows but oversupply still weighs

28-07-2016| Source:Reuters

International Brent crude oil futures were trading at USD 43.61 at 0118 GMT, up 14 cents from their previous close. US West Texas Intermediate (WTI) crude was at USD 42.06, up 14 cents.

Yen jumps before Bank of Japan meeting, oil mixed

27-07-2016| Source:Reuters

A buoyant yen and US oil prices at three-month lows kept stock markets on the defensive on Tuesday as investors awaited central bank meetings this week that will unveil new stimulus in Japan and may

ONGC, Cairn India demand halving of cess on crude oil

26-07-2016| Source:PTI

Oil and Natural Gas Corp (ONGC) paid Rs 4,500 per tonne cess on crude oil it produced from almost all its fields including prime Mumbai High, till February 2016. In Budget for 2016-17, Jaitley

Crudeoil to trade in 45493-47089. range: Achiievers Equities


According to Achiievers Equities,Crude oil dropped amid worries that a global crude and refined product glut would weigh on markets for some time to come.

Resurgence of supply glut fears send oil to 3-month lows

26-07-2016| Source:CNBC

US Western Texas Intermediate crude oil futures were up 0.2 percent at USD 43.20 a barrel while Brent crude oil futures were up 0.4 percent at USD 44.88 a barrel.

Oil prices edge up but supply glut woes return

26-07-2016| Source:PTI

After topping USD 50 a barrel early last month on the back of output disruptions, the cost of crude has tumbled about 15 per cent in recent weeks as the crucial US holiday driving season comes

Oil prices edge away from 3-month lows, but mood remains bearish

26-07-2016| Source:Reuters

International Brent crude oil futures were trading at USD 44.80 per barrel at 0134 GMT, up 8 cents from their last close. US West Texas Intermediate (WTI) crude were at USD 43.16, up just 3 cents per

Iraq overtakes Saudi Arabia as India's top oil seller

25-07-2016| Source:PTI

Iraq sold 11 million tonnes (MT) of crude oil to India during April-June, higher than 10 MT sourced from Saudi Arabia, Petroleum Minister Dharmendra Pradhan said today.

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