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  • Brent edges above $78, near 4-yr low on glut, OPEC worries Nov 14, 2014 11:52 AM IST

    Brent edges above $78, near 4-yr low on glut, OPEC worries

    Brent has fallen for eight weeks in a row, its longest weekly losing streak since records began in 1988, based on Reuters data. It has lost nearly 7 percent so far this week.

  • Is new jihad strategy to hold territory, recruit globally? Oct 30, 2014 03:53 PM IST

    Is new jihad strategy to hold territory, recruit globally?

    Despite alleged differences between various fundamentalist groups like ISIS, al-Qaeda or Boko Haram in Nigeria, they are all united on one issue: that the world must be ruled by Islam. Which brand of Islam must prevail will be settled later – equally murderously.

  • India keen to diversify oil exports, buy crude from US Oct 28, 2014 03:16 PM IST

    India keen to diversify oil exports, buy crude from US

    Hit by uncertainty over oil supplies from West Asia, India is keen to diversify its imports and wants to buy crude from the US, Oil Minister Dharmendra Pradhan has said.

  • Why OPEC's losing its ability to set oil prices Oct 28, 2014 08:27 AM IST

    Why OPEC's losing its ability to set oil prices

    US shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover "swing producer," according to a Goldman Sachs report from the weekend—meaning OPEC is losing its power to set global prices for crude.

  • Here's why your portfolio needs 'gold'en touch this Diwali Oct 14, 2014 02:59 PM IST

    Here's why your portfolio needs 'gold'en touch this Diwali

    The current gold prices are in the range of Rs 27,000 per ten grams in India. We recommend buying in at Rs 26,500 levels and holding delivery. In the current circumstances.

  • IEA revises world oil demand growth sharply lower Oct 14, 2014 02:41 PM IST

    IEA revises world oil demand growth sharply lower

    "Recent price drops appear both supply and demand driven. Further oil price drops would likely be needed for supply to take a hit – or for demand growth to get a lift," the agency representing industrialised nations said in a monthly report.

  • Modi connects with fishermen for final day campaign in Maha Oct 13, 2014 01:21 PM IST

    Modi connects with fishermen for final day campaign in Maha

    "For the first time in 10 years Pakistan has released our 50 boats and 200 fishermen from jail. Immediately after forming the government, the first thing I did was this," he said.

  • Why Middle East is a bigger risk than Russia Sep 15, 2014 12:22 PM IST

    Why Middle East is a bigger risk than Russia

    "The Middle East and Africa, no question about it, is a greater systemic risk. Flare-ups in Nigeria, Syria, Iraq, potentially Libya, Saudi Arabia, and Kuwait are far more significant than Russia and Ukraine," said Viktor Shvets, head of Asia strategy research at Macquarie.

  • Obama vows to 'degrade and ultimately destroy' ISIS Sep 11, 2014 09:45 PM IST

    Obama vows to 'degrade and ultimately destroy' ISIS

    US President Barack Obama today vowed to "degrade and ultimately destroy" the Islamic State, as he announced a major expansion of the military campaign, including American airstrikes in Syria and the deployment of 475 more military advisers to Iraq, to achieve this goal.

  • Obama vows to 'degrade and ultimately destroy' ISIS Sep 11, 2014 01:58 PM IST

    Obama vows to 'degrade and ultimately destroy' ISIS

    "We will degrade and ultimately destroy ISIL through a comprehensive and sustained counter-terrorism strategy," Obama said in his nationally televised speech in which he set no timeline to achieve his goal to defeat the terrorist group.

  • Modi to visit White House on Sept 29-30: US official Sep 09, 2014 08:34 AM IST

    Modi to visit White House on Sept 29-30: US official

    "They will discuss ways to accelerate economic growth, bolster security cooperation, and collaborate in activities that bring long-term benefits to both countries and the world," Earnest said.

  • Obama may seek new funds to battle Islamic State Aug 23, 2014 02:16 PM IST

    Obama may seek new funds to battle Islamic State

    The administration has indicated it does not want to put combat troops into the region, although it has said it is evaluating all options on how to deal with Syria.

  • Still awash with cash, world economies take turn for worse Aug 20, 2014 07:00 PM IST

    Still awash with cash, world economies take turn for worse

    Many policymakers across the world would like to move away from this ultra-loose monetary policy, which they introduced to drag their countries out of the financial crisis. But the economies are not playing ball.

  • No diesel loss hopes push HPCL, BPCL; Goldman Sachs bullish Aug 19, 2014 11:43 AM IST

    No diesel loss hopes push HPCL, BPCL; Goldman Sachs bullish

    The brokerage sees almost no losses on diesel after September price hike and expects greatest upside for HPCL and BPCL with improving marketing margins. As losses on retail diesel sales are now down to Rs 0.8 per litre, Goldman Sachs estimates it to fall to Rs 0.3 per litre after the price hike on September.

  • Budget 2014: It is not the end, but start of the journey, says Jaitley Jul 10, 2014 07:34 PM IST

    Budget 2014: It is not the end, but start of the journey, says Jaitley

    Jaitley said he would prefer to lower fiscal deficit by boosting revenues rather than cutting down on expenditure.

  • Symphony eyes 50% revenue from exports over next five years Feb 23, 2014 07:55 PM IST

    Symphony eyes 50% revenue from exports over next five years

    The world's largest air-cooler maker Symphony is eyeing to garner as much as 50 percent of its revenue from exports over the next five years as it looks at entering new overseas market, a top executive has said.

  • Gold to tank in 2014: Goldman Sachs Jan 14, 2014 09:19 AM IST

    Gold to tank in 2014: Goldman Sachs

    Gold prices ballooned in the years since the 2008 financial crisis, driving prices to record highs thanks to ultra-low interest rates from the Federal Reserve's economic stimulus programs.

  • Brent to end 2013 flat as supply fears offset weak demand Dec 31, 2013 12:15 PM IST

    Brent to end 2013 flat as supply fears offset weak demand

    Fears of supply disruptions in the Middle East and Africa have offset concerns during the year about weak global demand, keeping Brent trading in a USD 22 range from USD 96.75 a barrel to USD 119.17 a barrel.

  • Syria clash may seep in Iraq; Brent at $125 likely: SocGen Aug 29, 2013 11:19 AM IST

    Syria clash may seep in Iraq; Brent at $125 likely: SocGen

    Speaking to CNBC-TV18, Mike Wittner, head of global oil and commodities research- Societe Generale says the likelihood of a US-led attack on Syria owing to its alleged usage of chemical weapons is extremely high and now, it is more a question of when and in what form the attack will take place.

  • India evinces interest in LNG import from Iraq Jul 08, 2013 06:58 PM IST

    India evinces interest in LNG import from Iraq

    India said it is interested in importing liquefied natural gas (LNG) from Iraq, with imports of the cleaner fuel becoming attractive after New Delhi decided to raise prices of locally produced gas from April 2014.

  • Iraq attacks kill more than 30 Jun 23, 2013 08:16 AM IST

    Iraq attacks kill more than 30

    A suicide bomber blew himself up inside a Shi'ite mosque in northern Baghdad killing at least 12 people during evening prayers, police and medics said, in the deadliest of a series of attacks that claimed more than 30 lives across Iraq on Saturday.

  • India, Iraq agree for beyond buyer-seller ties Jun 20, 2013 09:32 PM IST

    India, Iraq agree for beyond buyer-seller ties

    Agreeing to move beyond a buyer-seller relationship, India and Iraq on Thursday decided to expand their partnership in energy security.

  • Khurshid to visit Iraq; oil import to be top on agenda Jun 16, 2013 07:59 PM IST

    Khurshid to visit Iraq; oil import to be top on agenda

    External Affairs Minister Salman Khurshid will embark on a two-day visit to Iraq on June 19 during which he will hold talks with top Iraqi leadership on issues of mutual interest including import of oil.

  • Top 100 arms makers' arms sales fall in 2011: study Feb 18, 2013 08:32 AM IST

    Top 100 arms makers' arms sales fall in 2011: study

    Arms sales by the 100 biggest weapons makers fell for the first time since the mid-90s in 2011 as economies slowed and military equipment purchases were reduced for operations in Afghanistan and Iraq, a leading think-tank said on Monday.

  • Terrorist attacks soar, deaths down from 2007 peak - study Dec 04, 2012 10:52 AM IST

    Terrorist attacks soar, deaths down from 2007 peak - study

    The number of terrorist attacks each year has more than quadrupled in the decade since September 11, 2001, a study released on Tuesday said, with Iraq, Pakistan and Afghanistan the most affected.

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