Jul 23, 2018 09:14 AM IST
Brent crude dropped 18 cents, or 0.3 percent, to $72.89 a barrel by 0329 GMT. U.S. West Texas Intermediate (WTI) futures declined 13 cents, or 0.2 percent, to $68.13 a barrel.
- Jul 20, 2018 08:06 AM IST
Brent oil rose 22 cents, or 0.3 percent, to $72.80 by 0034 GMT, after falling 32 cents on Thursday.
- Jul 19, 2018 07:53 AM IST
Brent crude futures had risen 8 cents, or 0.1 percent, to $72.98 by 0043 GMT. They climbed 1 percent on Wednesday after initially falling to the lowest in three months following the release of official production and stockpile data, which also showed a surprise build in U.S. crude inventories.
- Jul 17, 2018 09:35 AM IST
Brent crude futures had climbed 28 cents, or 0.4 percent, to $72.12 a barrel by 0331 GMT. They fell 4.6 percent on Monday, at one point touching their lowest since mid-April.
- Jul 17, 2018 07:47 AM IST
Oil slumped as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
- Jul 11, 2018 07:52 AM IST
Brent crude futures were down $1.10, or 1.4 percent, at $77.76 a barrel by 0112 GMT. U.S. crude was down 68 cents, or 0.9 percent, at $73.43.
- Jun 29, 2018 09:33 AM IST
U.S. West Texas Intermediate (WTI) crude futures were at $73.19 a barrel at 0337 GMT, down 26 cents, or 0.4 percent from their last settlement. WTI on Thursday hit its highest since November 2014 at $74.03 per barrel.
- Jun 28, 2018 06:20 PM IST
With India importing nearly 15 percent of its crude imports from Iran, the future course of diplomatic policy and trade alterations would be worth watching out.
- Jun 28, 2018 03:30 PM IST
U.S. light crude was 15 cents lower at $72.61 per barrel by 0815 GMT, after hitting $73.06 on Wednesday, its highest since November 2014.
- Jun 27, 2018 03:53 PM IST
"The worry is whether 'OPEC Plus' will have enough spare capacity to balance potential declines in oil production," said Abhishek Kumar, senior analyst at Interfax Europe Ltd in London.
- Jun 26, 2018 04:52 PM IST
Brent crude was up 10 cents at $74.83 a barrel by 1045 GMT. U.S. light crude was down 10 cents at $67.98.
- Jun 25, 2018 08:03 PM IST
We expect the production increase, along with enhanced flow of supplies from US shale, to reduce the supply side pressure on oil in the coming months
- Jun 25, 2018 03:25 PM IST
Despite the increase, which is intended to stop the gap between global supply and demand from becoming too wide, analysts said global oil markets would likely remain relatively tight this year.
- Jun 21, 2018 08:39 PM IST
ONGC produced 1.84 million tonnes of crude oil in May as compared to 1.93 million tonnes in the same period last year, an official statement said here.
- Jun 21, 2018 03:25 PM IST
However, prices were prevented from dropping further by record refinery runs in the United States and a large decline in crude inventories, a sign of strong fuel demand in the world's biggest economy.
- Jun 20, 2018 02:52 PM IST
Benchmark Brent crude was up 50 cents at $75.58 a barrel by 0835 GMT. U.S. light crude was 50 cents higher at $65.57.
- Jun 19, 2018 03:50 PM IST
The crude price was also dented by expectations that producer group OPEC and partner Russia will gradually increase output in order to make up for involuntary losses in Venezuela and potential shortfalls from Iran, which is facing U.S. sanctions related to its nuclear activity.
- Jun 18, 2018 05:46 PM IST
With changing geopolitical dynamics over the last few months, there are strong expectations of a change in the overall strategy.
- Jun 18, 2018 03:45 PM IST
U.S. light crude oil hit a two-month low of $63.59 a barrel before recovering to trade at $64.76, down 30 cents, by 0950 GMT. North Sea Brent, meanwhile, was up 60 cents at $74.04 a barrel.
- Jun 14, 2018 08:15 AM IST
Brent crude futures , the international benchmark for oil prices, were at $76.46 per barrel at 0046 GMT, down 28 cents, or 0.4 percent, from their last close.
- Jun 12, 2018 08:06 AM IST
Traders also said they were reluctant to take on large new positions ahead of a meeting between producer cartel OPEC and some of its allies on June 22.
- Jun 11, 2018 09:22 AM IST
However, analysts expect surging U.S. output to start offsetting efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to withhold production, which have been in place since 2017 and in the first half of this year have pushed up prices significantly.
- Jun 08, 2018 04:22 PM IST
Investors with a penchant for investing in high growth businesses should look to add on any weakness in the current market volatility.
- Jun 08, 2018 08:26 AM IST
Brent crude futures , the international benchmark for oil prices, were at $77.45 per barrel at 0051 GMT, up 13 cents, or 0.2 percent, from their last close.
- Jun 07, 2018 08:50 AM IST
A record 16 companies, including Chevron Corp, BP Plc and Royal Dutch Shell Plc registered to bid for four blocks in the offshore Campos and Santos basins, part of the so-called fourth pre-salt auction on Thursday.