Oil at two-week highs on Mideast tensions, U.S. gasoline rally| Reuters
Nov 25, 2015 at 03:45 | Source:
NEW YORK Oil prices hit two-week highs on Tuesday, rising about 3 percent, after a spike in Middle East tensions from Turkey's downing of a Russian warplane and a rally in U.S. gasoline futures.Russian President Vladimir Putin called Turkey's shootin...
Oil ends steady; Saudi pledge, glut worry causes wild ride| Reuters
Nov 24, 2015 at 02:45 | Source:
NEW YORK Brent settled steady and U.S. crude slightly lower on Monday after prices were whipsawed by volatility as Saudi Arabia pledged to work towards oil price stability but traders worried about a global supply glut and signs of rising U.S. stockp...
IOC to raise diesel prices by 1.9 pct from Monday| Reuters
Nov 15, 2015 at 22:45 | Source:
MUMBAI Indian Oil Corp (IOC) will increase the price of diesel by 1.9 percent from Monday and that of gasoline by about 0.6 percent, reflecting changes in global fuel prices since the last revision.The retail price of diesel will rise by 0.87 rupees ...
Oil down again; glut forces biggest weekly loss in 8 months| Reuters
Nov 14, 2015 at 05:15 | Source:
NEW YORK Oil slumped again on Friday, extending the week's loss to the largest in eight months, as swelling storage of crude on both land and sea pressured prices.Brent, the global benchmark for oil, settled down 1 percent and less than $2 from a new...
Indian Oil to expand Panipat naphtha cracker capacity | Reuters
Nov 14, 2015 at 03:15 | Source:
SINGAPORE Indian Oil Corp plans to expand capacity at its naphtha cracker in Panipat to 1.2 million tonnes per year (tpy) by 2019, the executive director of the refiner's petrochemical division said.The expansion would increase capacity of the cracke...
Raised five times within a year, now taxes exceed actual cost of petrol
Nov 09, 2015 at 19:41 | Source:
New Delhi: With excise duty being hiked five times in a year, taxes and duties now exceeded the actual cost of production of petrol.As much as Rs 31.20 in the retail price of Rs 60.70 a litre of petrol in Delhi is because of central and excise duties...
Crude oil prices edge up; but oversupply, strong dollar drag| Reuters
Nov 07, 2015 at 02:15 | Source:
SingaporeCrude oil prices edged up on Friday after falling as much as 2 percent the previous session, with analysts saying oversupply and a strong dollar would continue to weigh on fuel markets.U.S. crude futures were trading at $45.46 a barrel at 08...
Oil ends down 4 percent; dollar, gasoline and crude build weigh| Reuters
Nov 05, 2015 at 02:45 | Source:
NEW YORK Crude oil futures fell 4 percent on Wednesday, wiping out gains from the previous day's rally, as a strong dollar, tumbling gasoline prices and rising U.S. crude inventories bore down on the market.Adding to bearish sentiment was an internal...
Germany to retest VW cars as scandal pushes Berlin to act| Reuters
Nov 04, 2015 at 23:45 | Source:
BERLIN Germany is to retest all Volkswagen car models to gauge their genuine emissions levels after new revelations from the carmaker six weeks into its biggest-ever corporate scandal pushed the government to act.Expressing his "irritation"...
Germany ups pressure on VW as scandal takes on new dimension| Reuters
Nov 04, 2015 at 23:30 | Source:
FRANKFURT/BERLIN German officials stepped up the pressure on Volkswagen to clean up its act on Wednesday after it revealed it had understated the fuel consumption of some vehicles, opening a new front in the crisis at Europe's biggest carmaker. The...
Asia follows Wall Street higher, risk appetite supports dollar| Reuters
Nov 04, 2015 at 06:45 | Source:
TOKYO Asian shares rose on Wednesday, taking early cues from overnight Wall Street gains, while investors' sharper risk appetite lifted U.S. debt yields and supported the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PU...
India's IOC says eyeing stake in Russia's Vankor Field| Reuters
Nov 03, 2015 at 23:45 | Source:
NEW DELHI Indian Oil Corp wants to buy a stake in Rosneft's Vankor field in Russia, its chairman said on Tuesday, as the country's top refiner aims to source at least 160,000 barrels per day (bpd) oil through its own assets by 2020.India imports abou...
Oil falls to multi-week lows on persistent supply glut| Reuters
Oct 27, 2015 at 23:45 | Source:
NEW YORK Oil prices fell a third straight session on Tuesday, with Brent crude touching a six-week low on the persistent global supply glut ahead of U.S. data expected to show another increase in crude inventories.Crude futures felt pressure from ana...
Patricia, one of strongest ever hurricanes, set to slam Mexico| Reuters
Oct 24, 2015 at 03:30 | Source:
PUERTO VALLARTA, Mexico Mexico scrambled to evacuate thousands of people on Friday as one of the strongest hurricanes ever recorded bore down from the Pacific Ocean, threatening to wreak catastrophic damage and spreading fear along the country's west...