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Oil rates News

30 Dec 2019

Oil edges up on upbeat data, Middle East unrest

Investors remained cautious despite news of the US strikes in Iraq and Syria against an Iran-backed militia group, even as US officials warned "additional actions" may be taken. West Texas Intermediate (WTI) crude futures rose 4 cents to $61.76 a barrel by 0800 GMT. The US benchmark is up about 36% so far this year.

International oil price

12 Oct 2018

Oil prices rise, but still set for weekly fall amid equities rout

Brent crude futures rose 33 cents, or 0.4 percent, to $80.59 a barrel by 0256 GMT.

16 Nov 2016

Oil prices decline on US inventory surge

Oil prices declined on Wednesday in volatile trading as the US reported a 7.7-per cent increase of crude oil inventories.

12 Aug 2016

Price of brent crude crosses 46$ / barrel

23 Jul 2016

Oil dives 2%, heads for weekly loss as US rigs rise

Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows.

22 Jun 2016

Oil prices above $50, buoyed by US stock draw

Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks.

26 May 2016

Brent oil pushes above $50 for first time in nearly seven months

Brent had climbed 34 cents to $50.08 a barrel by 0520 GMT, its highest since Nov. 4. It ended the previous session up $1.13, or 2.3 percent.

11 Feb 2016

Oil slumps again; US crude at 2003 low

Without any particular market-moving news but a persistent global crude oil glut, the oil market slid again Thursday, dragging US crude to its lowest price in nearly 13 years.

09 Feb 2016

Oil slumps on IEA’s gloomy market outlook

Oil resumed heavy falls on Tuesday, erasing earlier gains in highly volatile trade, after the International Energy Agency issued a gloomy market outlook.

non-subsidised LPG price

01 Jan 2015

Jet fuel price cut by 12.5%; non-subsidised LPG by Rs 43.50

Price of non-subsidised cooking gas (LPG) was Thursday cut by Rs 43.50 per cylinder and that of jet fuel (ATF) by 12.5 percent as international oil rates slumped to multi-year lows

01 Dec 2014

Revenue losses on LPG, kerosene shrink by 21%

Losses on sale of subsidised LPG and kerosene have dropped by 21 percent to Rs 148 crore per day as international oil rates hit a five-year low.

01 Dec 2014

LPG rate cut by Rs 113, jet fuel prices by 4.1%

A 14.2-kg cylinder of non-subsidised LPG will now cost Rs 752, down from Rs 865 previously, in Delhi, oil companies announced on Monday.

12 Nov 2014

Petrol, diesel rates likely to be cut by Re 1

Petrol and diesel prices are likely to be cut by close to Re 1 per litre this weekend on sliding global oil rates.

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