Oct 20, 2014 at 19:24 | Source: Moneycontrol.com
The union governments decision to deregulate diesel prices will significantly improve the countrys finances as the oil subsidy will come down by INR150bn, says India Ratings.
Oct 17, 2014 at 12:26 | Source: Reuters
"Most of the traders in the market are probably trading from the short side, so when we see a little bit of buying, we often think that we'll see a little bit of a short-covering rally," said Ben Le Brun, a market analyst at OptionsXpress.
Oct 16, 2014 at 10:59 | Source: Reuters
Brent has lost more than 28 percent since June amid slow demand and abundant supply, with losses accelerating in recent weeks on signals that the Organization of the Petroleum Exporting Countries will not slash output to rescue prices.
Oct 11, 2014 at 12:29 | Source: CNBC
Official forecasts expect heating degree days in the US to be 12 percent lower than last winter, implying lower demand, the Organization of Petroleum Exporting Countries (OPEC) said in its monthly oil market report as Brent traded close to a four-year low.
Oct 10, 2014 at 14:49 | Source: PTI
Cairn produced 204,128 barrels of oil and oil equivalent gas from all its fields in the country in Q2, down eight percent from 221,190 boepd in the corresponding period a year ago.
Oct 10, 2014 at 13:10 | Source: Moneycontrol.com
India as a net importer of oil will be more benefited as it will pay less money for buying crude oil from oil exploring countries like Middle East. As far as oil marketing companies are concerned, they may make more profits on diesel (which was Rs 1.9 per litre last month).
Oct 08, 2014 at 12:00 | Source: Reuters
The International Monetary Fund on Tuesday cut its global economic growth forecasts for the third time this year, warning of weaker growth in core eurozone countries, Japan and big emerging markets like Brazil.
Sep 23, 2014 at 17:12 | Source: CNBC-TV18
The current geopolitical tensions are sure to weigh on global equity markets but on the other hand the situation in Ukraine seems to have reduced and there does not seem to be any risks to oil supply as of now, says Christopher Palmer, Henderson Global Investors.
Sep 17, 2014 at 14:32 | Source: Reuters
Many OPEC countries need oil prices above USD 100 a barrel in order to meet their budget needs and analysts say Saudi Arabia, OPEC's biggest producer, could cut production in an effort to support prices. Any production cut by OPEC, due to meet in November, would be the group's first since 2008.
Sep 15, 2014 at 15:22 | Source: PTI
Both the countries decided to "strengthen and deepen bilateral cooperation on the basis of the strategic partnership with focus on political, defence and security cooperation, economic cooperation, science and technology, culture and people-to-people links, technical cooperation and multilateral and regional cooperation."