Global Oil Prices

The Union Minister also mentioned that countries like Brazil and Guyana are increasing their oil production.

More concerned about a spike in oil than 5% Fed rate: Ritesh Jain

If oil prices start pushing $90 per barrel and above, then Fed will start becoming hawkish again, says the veteran investment manager.

Fuel Prices on April 11: Petrol, diesel rates unchanged across major cities

Global oil prices edged higher on Tuesday as market participants weighed supply cuts from OPEC+ that would tighten the global market against concerns about further interest rate hikes potentially hurting demand.

Oil down marginally amid uncertainty over imminent US economic data

Producers have shut in or reduced output at several oilfields in the semi-autonomous Kurdistan region of northern Iraq following a halt to the northern export pipeline. More outages are on the horizon.

Oil prices rise as supply uncertainty mounts

Prices were little changed last week as gains from a nominal supply cut by the Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, were offset by lockdowns in China, the world’s top crude importer.

Brent crude surges to over 13-year high of $139 a barrel, cools off later

Brent crude reached $139.13 a barrel and U.S. West Texas Intermediate (WTI) hit $130.50 in early trade, both benchmarks striking their highest since July 2008 before paring the gains.

Oil to breach $100 per barrel this year, warn analysts

The global benchmark Brent crude futures has surged as much as 51%, and 11.5%, while the US West Texas Intermediate (WTI) has risen 57% on a year-on-year basis.

Why oil prices can bounce back despite Omicron led clampdown

The uncertainty due to Omicron has cast a shadow on oil prices but the bull case for higher oil prices rests on the supply side

3-Point Analysis | OMCs crash to 52-week low, should you buy into this correction?

Top brokerages have downgraded OMCs post the government announcement and have reduced their target price by 30 to 50 percent.

BJP@3: Seven years more? Here are seven ways for the BJP to stay ahead

BJP's win in UP hints at a general election victory in 2019; if that result comes to pass, the BJP gets seven years more in power.

Why Doha no-deal is actually great for oil prices

Equity and oil markets have been hit after talks between 16 global OPEC and non-OPEC producers in Qatar on Sunday failed to produce any deal to freeze production. There were hopes that a freeze would support oil prices, which have fallen dramatically since mid-2014 due a glut in supply and lagging demand.

RBI may go for a 'measured' cut next week: DBS

The report by DBS said, a 25 bps cut is largely factored in with few quarters also discussing the possibility of a more aggressive 50 bps cut, but there is little scope of a bunched up move.

Drop in global oil prices a windfall for Indian economy: IMF

IMF said as private investment continues to show only a few signs of revival, the challenge for India is to sustain its growth momentum.

ONGC to trim expenses as oil prices slump

With oil prices slumping to 12-year lows, Oil and Natural Gas Corp (ONGC) has begun cost controls as well as deferment of capital expenditure without adverse impact on operations.

UK announces help for struggling North Sea oil industry

At the same time, Prime Minister David Cameron is to visit the oil city of Aberdeen and meet industry bosses for talks on the current situation.

Why RBI's Rajan has little reason to hold back rate cut?

RBI Governor Raghuram Rajan has little reason to hold back on his rate cut this month. Perhaps he is holding his hand to see what Janet Yellen is upto at the US Fed later this week. The Fed meets on 17 September.

Three key events in Asia this week

Several Asian economies will be on GDP-watch this week, including India, the Philippines, Taiwan and Singapore.

In commodity pricing, silence & secrecy not limited to oil

Concern about transparency in oil pricing has triggered European regulators to launch the biggest cross-border trading probe since the Libor interest rate scandal.

Oil slips after Fed hints at early end to stimulus

Global oil prices dipped today after minutes from the last policy meeting at the Federal Reserve sparked speculation of an unexpectedly early end to its quantitative easing stimulus.

KYI: Here are stock tips to play the market right

Is your money parked right to buffer the loss from market volatility? Sudip Bandyopadhyay, MD and CEO of Destimoney Securities answered queries that you wrote to us on our Facebook page.

Rupee weakens on local shares; euro, data in focus

The rupee gave up ground on Thursday as local equities turned choppy and the euro pulled back before the European Central Bank's rate decision due after the local market hours.

ADB lowers India's GDP forecast to 8.2% on high oil prices

Surging global oil prices and the RBI''s tight monetary policy prompted the ADB to on Wednesday lower its growth forecast for the Indian economy to 8.2% for the current fiscal from the earlier projection of 8.7%.

Govt to see inflation fluctuations in coming months

India is likely to see inflationary fluctuations in the next three months or so, but the overall trend for prices is to moderate, Finance Minister Pranab Mukherjee said on Wednesday.

Saudi oil min says worried about price speculation

Global oil prices are expected to continue to stabilise in 2011, Saudi Arabia's oil minister said on Monday, but expressed concern over market speculation, which he said was driving the prices away from fundamentals.