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May 24, 2019 01:36 PM IST
On the Multi Commodity Exchange, crude for June delivery went up by Rs 43, or 1.07 percent, to Rs 4,079 per barrel in a business turnover of 19,049 lots.
May 22, 2019 08:50 AM IST
Brent crude futures were down 38 cents, or 0.5 percent, at $71.80 at barrel by 0219 GMT, having risen 21 cents on Tuesday.
May 21, 2019 02:21 PM IST
Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore. In comparison, IOC posted a turnover of Rs 6.17 lakh crore for the fiscal, according to regulatory filings by the two companies.
May 18, 2019 03:30 PM IST
Iranian exports have become more opaque since US re-imposed sanctions in November after pulling out of a 2015 nuclear accord between Tehran and six world powers.
May 17, 2019 04:44 PM IST
US sanctions on Iran have cut the OPEC member's crude exports further in May, adding to supply curbs resulting from an OPEC-led pact.
May 15, 2019 03:55 PM IST
The IEA, which coordinates the energy policies of industrial nations, said Washington's decision to end sanctions waivers that had allowed some importers to continue to buying Iranian crude added to the "confusing supply outlook."
May 14, 2019 01:28 PM IST
US sanctions on Iran and Venezuela, disruptions of Russian oil flows in Europe and maintenance at oilfields in the Atlantic Basin and Asia have tightened global supplies and boosted Asia's demand for spot cargoes, they said.
May 10, 2019 01:18 PM IST
Globally, oil prices gathered steam as investors pinned hopes on renewed prospects of breakthrough in Sino-US trade talks.
May 07, 2019 04:55 PM IST
India shipped in about 277,600 barrels per day (bpd) of oil from Tehran in April, down about 31.5 percent from the previous month.
May 05, 2019 11:15 AM IST
According to PPAC, India spent $111.9 billion on oil imports in 2018-19, up from $87.8 billion in the previous fiscal year. The import bill was $64 billion in 2015-16.
May 04, 2019 12:00 PM IST
"We should increase production and raise our (non-oil) exports and resist America's plots against the sale of our oil," Rouhani said.
May 04, 2019 08:39 AM IST
The EIA has raised its Brent crude-oil price forecast for 2019 to USD 65 a barrel, up from its earlier projected USD 63 due to the tighter global oil market.
April 29, 2019 01:35 PM IST
On the Multi Commodity Exchange, crude oil for delivery in May contracts fell by Rs 223, or 4.81 percent, to Rs 4,414 per barrel with a business turnover of 11,120 lots.
April 27, 2019 03:09 PM IST
Putin said that the deal is effective until the end of June and that he hoped Saudi Arabia will not have to raise its oil production to offset possible exports curbs from Iran due to the US sanctions.
April 27, 2019 10:33 AM IST
Earlier in the day, Trump had said his efforts to persuade OPEC oil producers to increase output were working and gasoline prices were coming down.
April 26, 2019 12:05 PM IST
Struggling to meet budget targets, the government had in the just concluded fiscal (2018-19) asked cash-rich PSUs to pay second interim dividend as well as undertake share buyback.
April 26, 2019 07:31 AM IST
Brent crude futures were at $74.09 per barrel at 0029 GMT, down 26 cents, or 0.4 percent, from their last close.
April 25, 2019 02:37 PM IST
At the Multi Commodity Exchange, crude oil for May delivery was trading higher by Rs 27, or 0.58 per cent, at Rs 4,656 per barrel in a business turnover of 27,624 lots.
April 24, 2019 02:25 PM IST
On the Multi Commodity Exchange, crude for delivery in May fell by Rs 19, or 0.41 percent, to trade at Rs 4,622 per barrel in a business turnover of 28,115 lots.
April 23, 2019 12:52 PM IST
External Affairs Ministry spokesperson Raveesh Kumar said the government will continue to work with partner nations, including with the US, to find all possible ways to protect India's energy and economic security interests.
April 22, 2019 10:12 AM IST
Spot gold was up 0.4 percent at $1,279.48 per ounce, as of 0325 GMT, having touched $1,270.63 in the previous session - its lowest since Dec. 27, 2018.
April 20, 2019 01:28 PM IST
Industry sources said Reliance had a contract to buy some 3 million barrels of crude oil from Venezuela a month, which has been reduced to about 2 million barrels already.
April 17, 2019 10:02 AM IST
International benchmark Brent crude oil futures rose 21 cents, or 0.29 percent, to USD 71.93 a barrel by 0319 GMT. Brent gained as much 0.5 percent to 72.08 a barrel, the highest since November 8 and the highest this year.
April 16, 2019 02:37 PM IST
At the Multi Commodity Exchange, crude for delivery in April fell by Rs 2, or 0.05 percent, to Rs 4,401 per barrel in a business volume of 18,970 lots.
April 16, 2019 08:51 AM IST
Brent crude oil futures were at $71.08 a barrel at 0111 GMT, down 10 cents, or 0.1 percent, from their last close. Brent ended down 0.5 percent on Monday.
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