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  • Gopichand Hinduja expects oil to be at $40-50 once coronavirus crisis is over Apr 29, 2020 09:13 AM IST

    Gopichand Hinduja expects oil to be at $40-50 once coronavirus crisis is over

    The Hinduja Group operates in various industries including automotive, oil and speciality chemicals as well as banking and finance. It runs private sector lender IndusInd Bank in India.

  • What low crude oil prices mean for India Apr 22, 2020 03:10 PM IST

    What low crude oil prices mean for India

  • Amid crude crash, smooth sailing for oil flotillas, for now Apr 22, 2020 12:11 PM IST

    Amid crude crash, smooth sailing for oil flotillas, for now

    Along with falling demand, storage crunch also added to the big oil crash.

  • Covid-19| Plunging crude offers India chance to top up its strategic oil reserves in underground caverns Apr 21, 2020 12:32 PM IST

    Covid-19| Plunging crude offers India chance to top up its strategic oil reserves in underground caverns

    India is raising its crude oil storage capacity to equivalent of 87 days of demand, which include 67 days’ worth of commercial stocks held by refineries

  • Why are crude prices tumbling so fast? Apr 21, 2020 10:07 AM IST

    Why are crude prices tumbling so fast?

  • What does the fall in oil prices mean for Indian equities Apr 21, 2020 09:50 AM IST

    What does the fall in oil prices mean for Indian equities

    Energy stocks have 12.5 percent weightage in the Nifty50 and 15.2 percent in the Sensex.

  • Crude oil hit by twin shocks of demand and supply, what lies ahead? Apr 01, 2020 11:41 AM IST

    Crude oil hit by twin shocks of demand and supply, what lies ahead?

  • US oil retreats from 2019 high on soaring production Mar 16, 2019 11:50 AM IST

    US oil retreats from 2019 high on soaring production

    Oil price gains have been limited by concerns that an economic slowdown that has gripped large parts of Asia and Europe will dent growth in fuel demand.

  • Oil up on expectation of Saudi production restraint, lower US rig count Oct 09, 2017 11:05 AM IST

    Oil up on expectation of Saudi production restraint, lower US rig count

    Oil ports, producers and refiners in Louisiana, Mississippi and Alabama, which shut facilities ahead of Hurricane Nate, were planning to reopen on Monday as the storm moved inland, away from most energy infrastructure on the U.S. Gulf Coast.

  • Oil prices climb on talk that OPEC could extend supply cut Mar 21, 2017 03:50 PM IST

    Oil prices climb on talk that OPEC could extend supply cut

    Oil prices climbed on Tuesday, helped by expectations that an OPEC-led output cut would be extended beyond June but gains were pegged back by concerns about persistently high crude inventories.

  • Indian bourses may open slightly up tracking Asian, US cues Jul 07, 2016 07:54 AM IST

    Indian bourses may open slightly up tracking Asian, US cues

    Asian markets opened modestly higher on Thursday, likely taking cues from a stronger finish in the US, helped by rising oil prices and the release of dovish Fed Reserve minutes.

  • Oil prices rise on weaker dollar ahead of Fed rate decision Apr 27, 2016 11:44 AM IST

    Oil prices rise on weaker dollar ahead of Fed rate decision

    A weak dollar has also provided support as it makes crude cheaper for customers using other currencies.

  • Oil prices rebound ahead of US inventory data Apr 26, 2016 10:12 AM IST

    Oil prices rebound ahead of US inventory data

    At around 0330 GMT, US benchmark West Texas Intermediate (WTI) for delivery in June was up 31 cents, or 0.73 percent, at USD 42.95 and Brent crude for June rose 30 cents, or 0.67 percent, to USD 44.78.

  • IOC, BPCL, HPCL up 2-3% as oil prices tank on Saudi oil min view Feb 24, 2016 11:30 AM IST

    IOC, BPCL, HPCL up 2-3% as oil prices tank on Saudi oil min view

    Analysts believe this fall in oil prices started since June 2015 continued to be beneficial for country like India which is the major oil importer. Brent oil prices fell from USD 140-150 a barrel levels in June to around USD 30 a barrel (currently).

  • US crude jumps 4% from 12-year lows but outlook still bleak Feb 12, 2016 08:35 AM IST

    US crude jumps 4% from 12-year lows but outlook still bleak

    US crude prices bounced away from 12-year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.

  • Brent sinks 5%; WTI dips below $30 on China, oversupply worries Feb 03, 2016 07:51 AM IST

    Brent sinks 5%; WTI dips below $30 on China, oversupply worries

    The front-month contract for West Texas Intermediate (WTI) was down USD 1.57 at USD 30.05, having dipped below USD 30. It fell USD 2, or 5.9 percent, the session before.

  • US crude touches fresh 12-year low near $30 Jan 12, 2016 10:30 PM IST

    US crude touches fresh 12-year low near $30

    Analysts at Barclays, Macquarie, Bank of America Merrill Lynch, Standard Chartered and Societe Generale all cut their 2016 oil forecasts this week, with Standard Chartered saying oil could fall as low as $10 per barrel

  • US oil falls below $32 a barrel, hitting fresh 12-year low Jan 11, 2016 10:17 PM IST

    US oil falls below $32 a barrel, hitting fresh 12-year low

    US West Texas Intermediate (WTI) crude was down USD 1.55 at USD 31.61 per barrel by 11:35 am EDT (1635 GMT), having fallen to the lowest level since December 2003. Brent crude futures were down by USD 1.76 at USD 31.79 a barrel, after falling to the lowest level since April 2004

  • Oil spikes; US crude inventories fall by 5.9 mn barrels Dec 23, 2015 09:38 PM IST

    Oil spikes; US crude inventories fall by 5.9 mn barrels

    US crude futures traded above benchmark Brent prices, a pattern rarely seen over the last five years.

  • US oil breaks below $36, hits fresh 2009 lows Dec 11, 2015 09:33 PM IST

    US oil breaks below $36, hits fresh 2009 lows

    Brent slipped below $39 per barrel for the first time since December 2008 as the IEA, which advises developed nations on energy, warned that demand growth was starting to slow

  • Oil prices drop on China data, firmer dollar Nov 27, 2015 09:34 AM IST

    Oil prices drop on China data, firmer dollar

    A firmer US dollar also weighed on oil, making greenback-denominated contracts more expensive for holders of other currencies. Although trading was quiet after Thanksgiving Day in the United States.

  • WTI, Brent oil futures diverge in choppy session Sep 08, 2015 01:26 PM IST

    WTI, Brent oil futures diverge in choppy session

    WTI, Brent oil futures diverge in choppy session

  • Crude extends losses, US oil trades below USD 40 Aug 24, 2015 10:35 AM IST

    Crude extends losses, US oil trades below USD 40

    US benchmark West Texas Intermediate (WTI) for October delivery fell USD 1.04 to USD 39.41 while Brent crude for October eased 91 cents to USD 44.55 in late-morning trade.

  • Oil heads for eighth straight week of falls Aug 21, 2015 11:12 AM IST

    Oil heads for eighth straight week of falls

    US benchmark West Texas Intermediate (WTI) for October delivery, a new contract, lost 49 cents to USD 40.83 a barrel in late-morning trade, while Brent crude for October tumbled 56 cents to USD 46.06 a barrel.

  • Oil approaches key USD 40 level in Asian trade Aug 20, 2015 12:01 PM IST

    Oil approaches key USD 40 level in Asian trade

    "US stockpiles unexpectedly expanded when the market was looking at a contraction, which heightened the global oversupply concerns," said Bernard Aw, a market strategist at IG Markets in Singapore.

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