October 14, 2019 10:22 PM IST At a ceremony in Riyadh, Putin and his host, Saudi King Salman, penned a string of multi-million-dollar investment contracts targeting the aerospace, culture, health, advanced technology and agriculture sectors.
October 11, 2019 01:39 PM IST The National Iranian Tanker Company, which owns the ship, said the hull of the Sabiti suffered two separate explosions off the Saudi coast, adding they were "probably caused by missile strikes".
October 11, 2019 08:40 AM IST International benchmark Brent crude futures were at $59.26 a barrel by 0251 GMT, up 16 cents, or 0.3%, from their previous settlement. Brent settled up 1.3% at $59.10 a barrel on Thursday.
October 10, 2019 10:45 PM IST Oil prices have failed to gain a lasting boost from supply disruptions this year, including the attack last month on Saudi Arabian oil installations that briefly shut down more than half of production in the world's top exporter.
October 09, 2019 05:58 PM IST Negotiators from the United States and China, the world's top two economies, will meet in Washington on Thursday in the latest effort to hammer out a deal aimed at ending a long-running trade dispute that has slowed global growth.
October 01, 2019 06:56 PM IST Output at the world's two largest producers, the United States and Russia, also fell in July and September respectively.
September 16, 2019 07:28 PM IST Oil surged on Monday to almost $72 a barrel, posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saturday shut more than 5 million barrels per day (bpd) of output, or over 5% of global supply.
September 11, 2019 08:18 PM IST Oil prices have risen more than 7% this month, supported by declines in global inventories and signs of an easing in trade tensions between the United States and China, the world's two largest economies and energy consumers.
September 11, 2019 04:01 PM IST The weaker outlook amid a US-China trade dispute and Brexit could press the case for the Organization of the Petroleum Exporting Countries and allies including Russia to maintain or adjust their policy of cutting output.
September 11, 2019 01:56 PM IST Decisions over output policy are group decisions and Iraq does not want to decide on its own, Thamir Ghadhban said, adding that he was meeting with the Saudi and Russian energy ministers later on September 11.
September 10, 2019 05:40 PM IST Brent reached its highest level since August 1, while US crude rose to its highest since July 31.
September 09, 2019 04:14 PM IST Here is a roundup of all the key happenings in the commodities market.
September 08, 2019 09:18 AM IST Morgan Stanley foresees Brent oil prices would be at $60 per barrel for the rest of the year against an earlier forecast of $65
August 22, 2019 07:50 PM IST US crude inventories fell by 2.7 million barrels last week, more than analysts expected. Still, the US Energy Information Administration also said gasoline and distillate inventories rose.
August 17, 2019 11:20 AM IST OPEC's efforts have been undermined by worries about the economy , as well as rising US stockpiles of crude and higher output of US shale oil.
August 16, 2019 06:55 PM IST In a monthly report, the Organization of the Petroleum Exporting Countries cut its forecast for oil demand growth in 2019 by 40,000 barrels per day (bpd) and indicated the market will be in slight surplus in 2020.
August 16, 2019 10:44 AM IST An inverted Treasury yield curve is historically a reliable predictor of looming recessions.
August 12, 2019 09:44 AM IST 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.
August 10, 2019 01:14 PM IST Oil prices rose after Euroilstock data showed total crude and product inventories of 16 European nations in July were slightly lower than in June.
July 10, 2019 04:32 PM IST Asked about OPEC's position on prices, Ghadhban said that the general view was that $70 per barrel or higher was acceptable, adding that the producer group is seeking prices that are fair to consumers and producers alike.
July 09, 2019 11:29 AM IST Oil prices are being pressured by worries about demand as the US-China trade war, heading into its second year, dampens prospects for global economic growth, which affects oil demand.
July 03, 2019 06:10 PM IST Trump is putting unprecedented pressure on OPEC and its de-facto leader Saudi Arabia, demanding they pump more crude to drive down fuel prices - a key domestic issue for him as he seeks re-election next year.
July 02, 2019 05:10 PM IST The Organization of the Petroleum Exporting Countries along with other top producers, including Russia, agreed on July 2 to extend oil supply cuts until March 2020 as members overcame differences to try to prop up prices.
July 02, 2019 03:59 PM IST Here is a roundup of all the key happenings from the commodities market
June 29, 2019 02:57 PM IST The OPEC cartel and its oil-producer nation allies opted in December to trim daily crude output by 1.2 million barrels.
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