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  • Oil soars to near 14-month high as OPEC+ extends output cuts into April Mar 05, 2021 05:16 PM IST

    Oil soars to near 14-month high as OPEC+ extends output cuts into April

    Brent crude futures for May rose to as high as $68 a barrel on Friday, a level not seen since Jan. 8, 2020. The contract was up $1.09, or 1.6%, to $67.83 a barrel at 0730 GMT, and was on track for a near 3% gain in the week.

  • Why the oil price rise is unsustainable Feb 09, 2021 09:44 AM IST

    Why the oil price rise is unsustainable

    The current rise in oil prices is a short-term blip. The longer-term trends depressing oil prices are intact

  • Coronavirus pandemic | US crude falls below $15 a barrel as virus throttles demand Apr 20, 2020 09:15 AM IST

    Coronavirus pandemic | US crude falls below $15 a barrel as virus throttles demand

    International benchmark Brent dropped 4.1 per cent to $26.93 a barrel, before rising and stabilising at $28.11.

  • Coronavirus pandemic | OPEC, Russia approve biggest-ever oil cut to support prices amid COVID-19 Apr 13, 2020 08:30 AM IST

    Coronavirus pandemic | OPEC, Russia approve biggest-ever oil cut to support prices amid COVID-19

    OPEC and allies led by Russia had an unprecedented deal with fellow oil nations, including the United States, to curb global oil supply by 20%.

  • Crude crash — don’t let the advantage slip away Mar 20, 2020 09:51 AM IST

    Crude crash — don’t let the advantage slip away

    Government must leverage oil price tumble to tank up storage facilities and lock in futures purchase prices

  • Chart of the Day | Why are non-oil exports in September 2019 lower than what they were in September 2014? Oct 16, 2019 10:56 AM IST

    Chart of the Day | Why are non-oil exports in September 2019 lower than what they were in September 2014?

    The shrinking of India’s non-petroleum product exports is an indication of loss of competitiveness

  • Oil rises on hopes of extended OPEC production cuts Sep 10, 2019 08:13 AM IST

    Oil rises on hopes of extended OPEC production cuts

    Brent was up 42 cents, or 0.7%, at $63.01 a barrel by 0104 GMT, while US crude was 46 cents, or 0.8%, higher at $58.31 a barrel.

  • Crude Comfort | Lower oil prices are here to stay for some time Aug 12, 2019 09:44 AM IST

    Crude Comfort | Lower oil prices are here to stay for some time

    Lower price of the Indian crude basket not only helps the Union government to prune its current account deficit and save on precious foreign exchange reserves, but it also provides an opportunity to the ruling administration to cash in on the situation and try and take measures to insulate the economy from future oil shocks.

  • Jaitley hints at no cut in excise on oil, asks citizens to pay taxes honestly Jun 18, 2018 05:01 PM IST

    Jaitley hints at no cut in excise on oil, asks citizens to pay taxes honestly

    Finance minister Arun Jaitley said No cut in excise duty on oil. Asks to pay the TAXES honestly.

  • Here are some commodity trading ideas from experts Oct 14, 2016 07:55 PM IST

    Here are some commodity trading ideas from experts

    Experts give their reading and outlook on commodity markets and specific commodities.

  • Oil price of up to $60 will not hurt fiscal maths: Jayant Sinha Jun 10, 2016 02:26 PM IST

    Oil price of up to $60 will not hurt fiscal maths: Jayant Sinha

    Minister of State for Finance Jayant Sinha, in an interview to PTI, said Indian economy will be "fine" if the oil price stays in the range of USD 40-60 per barrel, but there could be a concern if it goes beyond.

  • Oil price recovery poses downgrade risk to OIL, ONGC: Moody's Mar 17, 2016 05:58 PM IST

    Oil price recovery poses downgrade risk to OIL, ONGC: Moody's

    Moody's Investors Service today said ratings of state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) may come under pressure if oil prices fall more sharply than expected and companies carry on with their growth and expansion plans aggressively.

  • As 2017 oil rebounds to $45, US drillers begin to hedge anew Feb 19, 2016 07:56 AM IST

    As 2017 oil rebounds to $45, US drillers begin to hedge anew

    As oil markets rebounded from 12-year lows this week, US shale companies - for the first time in months - started inquiring and placing new hedges for the next few years, according to three market sources familiar with money flows.

  • European stocks choppy as oil pares gains after 6% surge Feb 16, 2016 03:23 PM IST

    European stocks choppy as oil pares gains after 6% surge

    Oil prices had rallied earlier with internationally traded Brent crude surging over 6 percent as the world's biggest oil producers including Saudi Arabia and several key OPEC members met in Doha.

  • France's Total slashes investment amid oil price collapse Feb 12, 2016 08:10 AM IST

    France's Total slashes investment amid oil price collapse

    French oil company Total said today it had cut its investment target this year as it steps up efforts to drastically cut costs to counter a global collapse in oil prices.

  • North Sea could lose 150 oil platforms within 10 years: Report Feb 08, 2016 07:49 AM IST

    North Sea could lose 150 oil platforms within 10 years: Report

    Of all the decommissioning over the next 25 years, more than half is likely to take place between 2019 and 2026. The estimate, from Douglas-Westwood, takes account of the fall in the price of oil.

  • 'India a bright spot in the gloomy global energy industry' Jan 29, 2016 03:12 PM IST

    'India a bright spot in the gloomy global energy industry'

    Delegates at the one-day forum noted the significant increase in ONGC's latest budget while national oil companies in other countries have announced cuts in upstream spending and are reviewing field developments, albeit putting some on hold.

  • OPEC chief confident of a balanced oil market in 2016 Oct 12, 2015 07:50 AM IST

    OPEC chief confident of a balanced oil market in 2016

    The OPEC chief said market fundamentals did not support the sharp drop in oil prices which have fallen by almost 60 percent since June 2014. Badri said that global demand for oil is forecast to rise to 110 million barrels per day by 2040 from 93 million bpd now.

  • Oil edges up but mkt cautious as Asia volatility stays Aug 25, 2015 08:58 AM IST

    Oil edges up but mkt cautious as Asia volatility stays

    Asian stocks resumed their slides on Tuesday, with China's and Japan's major stock indexes tanking again in early trade, sparking fears of a hard landing for the Chinese economy, the world's most important growth engine.

  • Brent, US oil mark fresh 6-1/2-yr lows on China, oversupply Aug 24, 2015 08:42 AM IST

    Brent, US oil mark fresh 6-1/2-yr lows on China, oversupply

    Other commodities also hit fresh lows in early Asian trading as fears spread that a more severe slowdown in China would pull down other economies in the region, denting energy and raw material consumption.

  • Crude prices will impact OTCG business: Welspun Corp Jul 21, 2015 03:13 PM IST

    Crude prices will impact OTCG business: Welspun Corp

    B K Mishra, M D, Welspun Corp says quarter-on-quarter (QoQ) performance will remain volatile because of the volume, in excess of a million tonne, needs to be booked on lower price to keep the new mills running.

  • Uflex Q4 net up 14% at Rs 69 crore May 29, 2015 09:49 AM IST

    Uflex Q4 net up 14% at Rs 69 crore

    During full 2014-15 fiscal, the company's consolidated net profit increased 26.33 percent to Rs 254.75 crore as against Rs 201.64 crore in the year-ago period.

  • Weak exports to hit growth by 0.40% point in 2015 May 26, 2015 02:56 PM IST

    Weak exports to hit growth by 0.40% point in 2015

    Auctioning coal mines to the private sector to restart electricity projects, pressing ahead with necessary land acquisition for road building or easing bureaucratic hurdles in the attainment of licences will help Indian exporters gain competitiveness.

  • Iran deputy oil min says OPEC unlikely to cut output May 18, 2015 10:22 AM IST

    Iran deputy oil min says OPEC unlikely to cut output

    The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June.

  • Rolls-Royce wins $9.2 billion engine order from Emirates Apr 17, 2015 03:41 PM IST

    Rolls-Royce wins $9.2 billion engine order from Emirates

    Rolls-Royce has won an order to supply engines for 50 A380 aircraft for Emirates for a USD 9.2 billion.

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