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Govt sets oil subsidy rules, no discounts if oil below $60

22-05-2015| Source:Reuters

Oil and Natural Gas Corp,Oil India and GAIL (India) sell crude and fuels like cooking gas at discounted rates to partly compensate retailers for losses they incur on selling fuels at government

Essar Shipping Q4 net loss narrows to Rs 159.69 crore

22-05-2015| Source:PTI

...which have generally not been deployed for extended period of time of the said business is Rs 349.52 crore as on March 31, 2015," ESL said.In view of the recent volatility in crude oil prices

RBI raises red flag on inflation  

21-05-2015| Source:CNBC-TV18

in global crude oil prices and a below normal monsoon could pose an upside risk to inflation.

Oil prices gain on upbeat US stockpiles report

21-05-2015| Source:PTI

WTI jumped 99 cents and Brent climbed USD 1.01 yesterday after the latest official US crude stockpiles report, rebounding from sharp falls a day earlier on worries about excess supply and a rise

Brent crude prices dip on oversupply

21-05-2015| Source:Reuters

Brent crude oil prices dipped in early Asian trade on Thursday as ongoing oversupply weighed on markets, but prices remained within a narrow range in place since late April.

Oil prices rebound from steep dive

20-05-2015| Source:PTI

US benchmark West Texas Intermediate (WTI) for July climbed 47 cents to USD 58.46 while Brent crude for July delivery gained 46 cents to USD 64.48 in late-morning trade.

US crude rebounds towards $59 on crude stocks data

20-05-2015| Source:Reuters

US crude futures rose on Wednesday after a more than three percent slide in the previous session, supported by a larger than expected drop in crude inventories, although a firmer dollar capped gains.

Crude oil prices likely to trade negative: Sushil Finance


According to Sushil Finance, crude oil prices to trade negative on the back of rising crude oil production.

Sensex, Nifty rangebound; infra, metals, IT stocks gain


Oil prices were mixed in Asia as a global glut and soft demand overshadowed the impact of geopolitical tensions in the crude-rich Middle East, analysts said.

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