oil prices

Impact of 10-Month High Crude Oil Prices : How Does It Affect Com...

Wed, Sep 20, 2023

Crude oil at 10 month high, who will be harmed by the boiling of CrudeOil? How much impact on the margins of companies? What is the effect of increase in crude prices? Know complete details

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Oil prices edge lower amid doubts over OPEC cuts

Tue, Nov 05, 2019

Oil prices slipped on Tuesday amid doubts over whether OPEC and other countries will continue to restrain output, edging lower after two days of gains on U.S. economic data and hopes for a Washington-Beijing trade deal.

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Oil prices edge down; eyes on data amid trade deal hopes

Mon, Nov 04, 2019

Oil prices eased on Monday as traders remained cautious ahead of fresh European and U.S. economic data, despite hopes for some resolution to the U.S.-China trade row that has hurt global economic growth and crimped energy demand.

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Petrol, diesel continues to boil; this is why govt needs to cut excise duty

Mon, Sep 10, 2018

Finance Minister Arun Jaitley gave a non-committal speech on trimming excise duty as a move to cushion fuel prices.

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Brent oil prices rise for second day, buoyed by fall in US inventories

Wed, Jul 25, 2018

Brent crude was up 29 cents, or 0.4 percent, at $73.73 a barrel by 0035 GMT. The global benchmark settled 38 cents higher at $73.44 a barrel on Tuesday, after climbing as high as $74.

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Oil steady as U.S.-Iran row balances trade worries

Tue, Jul 24, 2018

Oil prices steadied on Tuesday as tension between the United States and Iran highlighted risks to supply and trade disputes raised prospects for slower economic growth and weaker energy demand. Brent crude oil was unchanged at $73.06 a barrel by 1145 GMT. U.S. light crude was 35 cents higher at $68.24.

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Oil prices fall on demand concerns as G20 warns of risks to growth

Mon, Jul 23, 2018

Economic growth and oil demand growth are closely correlated as expanding economies support fuel consumption for trade and travel, as well as for automobiles. U.S. energy companies last week cut the number of oil rigs by the most since March as the rate of growth has slowed over the past month or so with recent declines in crude prices.

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Oil rises to $79 a barrel on Norway strike, Libyan disruption

Tue, Jul 10, 2018

Oil prices rose by over 1 percent towards $79 per barrel on Tuesday due to growing supply outages, with Norway shutting one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months.  

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After 4th consecutive cut, OMCs stick to diesel rate status quo today; check rates of metro cities

Wed, Jun 27, 2018

With many state elections expected in the late 2018s, it has become very important for the NDA government to bring relief on fuel product prices, which were at record high last month.

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OMCs keep petrol price unchanged today; This is what you pay in Delhi, Mumbai, Kolkata, Chennai

Wed, Jun 27, 2018

From May 30, the OMCs are cutting petrol prices despite Brent crude hovering near $73 per barrel. 

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Mumbai fuel prices: Petrol cut by over Rs 3 per litre, diesel by Rs 2.26 per litre in 1 month

Wed, Jun 27, 2018

 In nearly months time, state-owned OMCs like HPCL, IOCL and BPCL have either trim down petrol and diesel prices or maintained a status quo on them. 

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Oil rises as outages balance trade dispute, OPEC

Tue, Jun 26, 2018

Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States and other major economies.  

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Diesel prices cut for 4th straight day; Kolkata rates fall below Rs 70; big relief for Mumbai

Tue, Jun 26, 2018

With many state elections expected in the late 2018s, it has become very important for the NDA government to bring relief on fuel product prices, which were at record high last month.     

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Petrol price cut for 6th day in row; You may soon pay under Rs 83 in Mumbai

Tue, Jun 26, 2018

 From May 30, the OMCs are cutting petrol prices despite Brent crude hovering near $75 per barrel. 

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Diesel prices cut for 3rd successive day; Mumbai, Chennai see biggest cuts

Mon, Jun 25, 2018

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Petrol price cut for 5th day in row; Mumbai sees most relief as rates drop; check other cities too

Mon, Jun 25, 2018

From May 30, the OMCs are cutting petrol prices despite Brent crude hovering near $73 per barrel. 

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Diesel price down by 7p to 11p for 2nd day in row; Check rates of metro cities

Sun, Jun 24, 2018

 For Indian government, diesel price is a major generator of revenue and that is why authorities have been reluctant to provide relief, but this policy has changed today.

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Petrol price cut for 4th day in row; Mumbai, Chennai see major relief, check rates here

Sun, Jun 24, 2018

From May 30, the OMCs are cutting petrol prices despite Brent crude hovering near $75 per barrel. 

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After 2 days status quo, diesel price cut between 7p to 12p today; check rates here

Sat, Jun 23, 2018

For Indian government, diesel price is a major generator of revenue and that is why authorities have been reluctant to provide relief, but this policy has changed today.

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Petrol price cut for 3rd day in row; Mumbai sees major relief

Sat, Jun 23, 2018

From May 30, the OMCs are cutting petrol prices despite Brent crude hovering near $73 per barrel. 

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Oil prices drop as Iran signals support for OPEC output rise

Thu, Jun 21, 2018

Oil prices fell on Thursday as Iran signalled it could be won over to a small rise in OPEC crude output, potentially paving the way for the producer cartel to agree a supply increase during a meeting on Friday.  

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Brent trades below $75 as Iran signals support for small OPEC supply increase

Thu, Jun 21, 2018

Brent crude futures , the international benchmark for oil prices, were at $74.55 per barrel at 0040 GMT, down 19 cents, or 0.3 percent, from their last close.

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Oil up on U.S. stocks, Libya ahead of OPEC meeting

Wed, Jun 20, 2018

Oil prices rose on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in Libya, with investors cautious ahead of a biannual meeting of OPEC exporters to decide production policy.

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