Sep 01, 2015 at 20:42 | Source: Reuters
Data showed that China's manufacturing sector shrank at its fastest pace in three years. The services sector, one of the lone bright spots in the country's economy, also showed signs of cooling.
Aug 31, 2015 at 20:59 | Source: Reuters
International benchmark Brent crude climbed 10 percent last week but was still heading for its fourth straight monthly decline and has risen in only two of the past 14 months.
Aug 28, 2015 at 20:18 | Source: Reuters
OPEC delegates, including those from core Gulf OPEC countries, see economic troubles in top energy consumer China as short term and unlikely to have much impact on demand for crude which will rise seasonally in the fourth quarter.
Aug 28, 2015 at 17:39 | Source: CNBC-TV18
India should take advantage of Chinas weakness, says RK Krishnakumar, Member of Tata Trusts. Shereen Bhan caught up with him and spoke to him about the global turmoil in equities and commodities.
Aug 28, 2015 at 11:53 | Source: Reuters
US crude futures are on track for their first weekly gains in 11 weeks, ending the longest losing streak since 1986. Brent crude is on track for its first weekly gain in two weeks.
Aug 27, 2015 at 18:04 | Source: PTI
IOC, the nation's biggest oil firm, spent Rs 1.65 lakh crore on import of 43.9 million tons of crude oil in 2014-15. Ashok said oil purchases make up for nearly 92 per cent of IOC's overall costs and the company is "taking a number of steps to reduce the cost of crude-sourcing".
Aug 26, 2015 at 16:00 | Source: Reuters
China cut interest rates on Tuesday and lowered the reserves banks must hold in its latest move to calm fears about a severe economic slowdown in a country whose major equities index, the Shanghai Composite Index, is now 43% below the June peak for the year.
Aug 25, 2015 at 15:05 | Source: Reuters
European equity markets recovered on Tuesday but Chinese stock markets closed down more than 7 percent, with panic selling intensifying after the flagship Shanghai Composite Index crashed through key support at 3,000 points.
Aug 25, 2015 at 08:58 | Source: Reuters
Asian stocks resumed their slides on Tuesday, with China's and Japan's major stock indexes tanking again in early trade, sparking fears of a hard landing for the Chinese economy, the world's most important growth engine.
Aug 24, 2015 at 17:23 | Source: PTI
The slight optimism was due to a temporary reprieve in oil prices during the spring, but was a short-lived flame of hope for Organisation of the Petroleum Exporting Countries (OPEC) members, which was quickly extinguished by the prospect of Iran re-entering the market within a year.