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Crude News

15 Oct 2016

Diesel price hike: Know how much it costs in your city now

Prices of non-branded Diesel in metro-cities

27 May 2016

Oil slips as $50 level sparks new output fears

Oil markets fell around 1 percent on Friday, retreating from seven-month highs, as traders weighed the prospect of crude production intensifying because of prices near $50 a barrel despite supply outages in recent weeks that eased a global glut.

16 May 2016

Latest prices of diesel in major Indian cities

Latest prices of diesel in major Indian cities

17 May 2016

Petrol price hiked by Rs 0.83 per litre, diesel by Rs 1.26 a litre

Oil marketing companies on Monday increased the price of petrol and diesel price by Rs. 0.83/litre & Rs. 1.26/litre respectively with effect from Monday midnight.

11 Apr 2016

Oil dips after Goldman Sachs pours cold water on output freeze prospects

Crude prices dipped on Monday as influential bank Goldman Sachs poured cold water on the prospects of a planned oil producer meeting successfully reining in global oversupply

India's oil imports

21 Mar 2016

India's February oil imports up 29.9% year on year

India`s oil imports in February increased by 29.93 percent year on year to 4.27 million barrels per day (bpd), or 16.88 million tonnes, government data showed

ONGC Videsh Ltd

16 Mar 2016

OVL, IOC consortium to buy Russian oil fields for $4.2 billion

ONGC Videsh Ltd (OVL) and a consortium led by Indian Oil Corp today signed agreements to buy stake in two Russian oilfields in Siberia for an estimated USD 4.2 billion (over Rs 28,253 crore)

10 Mar 2016

Oil prices dip amid doubts about producer meeting

World oil prices dipped Thursday as doubts rose about whether key producers led by Russia and Saudi Arabia would meet this month to discuss crude output limits

04 Mar 2016

Oil likely to recover to $55 in 12 months: Report

Oil prices are likely to recover after 11-year low to USD 55 per barrel from the current USD 34 in 12 months, following gains in the latter half of 2016, according to a report.

27 Jan 2016

World Bank cuts 2016 oil forecast, Indian basket at 14-year low

World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections.

14 Dec 2015

Watch: How falling crude oil prices affect Indian economy

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14 Apr 2015

Oil prices rise on expected US shale production dip

Crude prices rose on Tuesday after the U.S. Energy Information Administration said it expected U.S. shale oil output to record its first monthly decline in over four years.

10 Apr 2015

Brent crude nudges up near $57, set for weekly gain

Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.

World oil prices

25 Mar 2015

Oil prices rise despite jump in US stockpiles

World oil prices advanced Wednesday despite news of a stronger-than-expected increase in crude inventories in the United States, analysts said.

09 Mar 2015

Oil prices steady after pre-weekend slide

Oil prices steadied Monday after sliding before the weekend as the dollar strengthened in the wake of robust jobs data in the United States, the world`s biggest consumer of crude.

06 Feb 2015

Oil prices up over 4% on Libya raid, China easing

Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China`s central bank easing helped the market rebound from a sharp rout in the previous session.

12 Jan 2015

Oil slumps to nearly 6-year low as Goldman Sachs slashes price outlook

Brent crude for February delivery collapsed to USD 47.18 -- the lowest since late April 2009 -- before recovering slightly to USD 47.57.

08 Jan 2015

Global crude oil price of Indian basket drops to $46.97/barrel

The international crude oil price of the Indian basket, computed by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas, fell to USD 46.97 per barrel on Wednesday, compared to USD 49.22 per barrel on the previous publishing day.

07 Jan 2015

Brent oil drops under $50 per barrel for first time since 2009

European benchmark Brent oil sank under USD 50 per barrel on Wednesday for the first time since 2009, hit by OPEC`s production stance, oversupply, weak demand and the strong dollar.

07 Jan 2015

Brent crude falls below $50 per barrel, lowest since May 2009

Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest level in a year and analysts said a building supply glut meant that more falls were likely before a rebound.

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