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It’s convenient that Brent is hovering just above $100/b right now – the main international benchmark for oil perfectly dissects the price band that we’ve actually been living with for the past two years: a $50-150/b spread. It’s never ...
May 25, 2012 at 23:06 | Source: Forbes
On a day of high political drama, oil marketing companies decided to put to rest speculation of a rollback in petrol prices and said a review would be possible only on June 1. Key United Progressive Alliance (UPA) allies, the Dravida Munnetra Kazhagam, the ...
May 24, 2012 at 19:04 | Source: Business Standard
NEW YORK May 25 (Reuters) - Oil bulls battered by a recent slump in crude prices can take heart in at least one fact: Japanese utilities are still buying sweet crude heavily, propping up Asian oil prices even as Western benchmarks stumble.
May 25, 2012 at 15:21 | Source: Reuters UK
Global economy has built up some resilience to oil price increases Sharp price hikes due to supply disruptions remain a concern Supply disruptions could upset growth in the U.S. and Europe Despite a fourfold increase in oil prices over the past ...
May 25, 2012 at 14:45 | Source: International Monetary Fund
Suddenly and without warning, we're in a low oil price environment. It seems hard to contemplate, but in a world of $100 US-per-barrel oil, when the price slips below $90, as it did Wednesday on the New York Mercantile Exchange, it's difficult ...
May 24, 2012 at 15:22 | Source: calgaryherald.com
12:00 pm The oil price hike issued by the government yesterday seems to be the only good thing going for the markets. Both the Sensex and the Nifty are up 0.85 percent. The BSE Sensex is up 136 points to 16,084, up 150 points from the day’s low and off ...
May 24, 2012 at 07:15 | Source: firstpost.com
Dubai, May 24th, 2012 (WAM) -- The Department of Oil Affairs in the government of Dubai today announced that it had notified its customers that the official price of Dubai crude oil, which will be delivered next August, will be US$0.10 less per barrel than ...
May 25, 2012 at 05:19 | Source: Zawya.com
Kaushik Basu: I hope not. I should tell you that the price increase is not a government's price increase because as of June 2010, petrol is decontrolled which means the final decision maker on this are the oil marketing companies... which is ...
May 25, 2012 at 11:24 | Source: in.com
NEW DELHI May 25 (Reuters) - India's government will wait a few days before reviewing a steep petrol price increase, Oil Minister S. Jaipal Reddy said on Friday, resisting protests and pressure from coalition allies to roll back the unpopular ...
May 25, 2012 at 13:05 | Source: Reuters
NEW YORK (AP) -- The price of oil fell Friday after reports that China's economy appears to be slowing down. China, the world's second-largest oil consumer, reported a sharp decline in both investment and industrial production growth in April.
May 25, 2012 at 11:03 | Source: Yahoo Finance