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Oil prices extend losses on supply glut

22-07-2016| Source:PTI

Oil prices dipped in Asia today, extending the previous day's sharp losses, while analysts warned the ongoing global supply glut would likely linger.The commodity has come under pressure in recent

Crude output down 4.5% in June; pvt firms see sharp decline

22-07-2016| Source:PTI

Crude oil production at 2.96 million tons in June was lower than 3.1 MT produced in the same month last year, an official statement said here.

Rs 392 cr addl royalty burden on ONGC, Rs 1,100 cr on Oil India

22-07-2016| Source:PTI

ONGC is already paying royalty at revised terms to Gujarat - the third major oil producing state.

Oil futures mixed, face weekly decline as glut fears persist  

22-07-2016| Source:Reuters

Brent crude was up 5 cents at USD 46.25 a barrel. The global benchmark closed 97 cents, or 2.1 percent, lower on Thursday. Brent is on track for a decline of around 3 percent this week.

Support for Brent can be seen around $41 a barrel: ClipperData  

21-07-2016| Source:CNBC-TV18

Crude has shown volatility globally in the past week and Troy Vincent, Oil Analyst at ClipperData said that rising inventory could impact crude prices and major support for Brent can be seen

Oil edges up on increased US stockpile

21-07-2016| Source:PTI

Crude stockpiles fell by 2.3 million barrels last week -- the ninth week in a row -- data from the US Department of Energy showed.

Fitch sees no change in OIL rating post royalty math revision

21-07-2016| Source:PTI

However, the resulting additional payments will lower the headroom under OIL's 'BBB-' standalone credit assessment, Fitch said in a statement.

Cairn India Q1 net seen at Rs 500 cr on oil price realisations


Cairn India is expected to report profit in April-June quarter supported by high oil price realisations as crude has surged 34 percent quarter-on-quarter. According to a CNBC-TV18 poll, the company

Crude oil nudges up after ninth weekly stock drawdown in US

21-07-2016| Source:Reuters

US West Texas Intermediate crude for September delivery, the new front month contract from Thursday, was up 2 cents at USD 45.77 a barrel at 0102 GMT. The August contract expired on Wednesday after

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