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Major Gulf markets mixed on muted oil prices, regional tensions

Major Gulf markets mixed on muted oil prices, regional tensions

Tue, Jan 23, 2024

The United Arab Emirates president has issued a law establishing an artificial intelligence and advanced technology council, the Abu Dhabi Media Office said on Monday.

Oil prices stabilise as Red Sea transport disruptions ease

Oil prices stabilise as Red Sea transport disruptions ease

Thu, Dec 28, 2023

Media reports said that Brent crude futures inched up 10 cents, or 0.1 per cent, to $79.75 a barrel by 0424 GMT, while U.S. WTI crude futures were trading 5 cents lower at $74.06 a barrel.

Oil prices extend gains as Red Sea attacks disrupt supply chains

Oil prices extend gains as Red Sea attacks disrupt supply chains

Tue, Dec 19, 2023

In Iran, Oil Minister Javad Owji on Monday confirmed a nationwide disruption to petrol stations was caused by a cyberattack.

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Elections, USD strength and oil price to determine rupee direction: Report

Elections, USD strength and oil price to determine rupee direction: Report

Sun, Dec 30, 2018

"In our assessment, consumer price inflation (CPI) is likely to average 4 per cent in 2019. Benign food inflation, positive base effects, recent correction in oil prices and INR stability is likely to keep inflationary pressures under check," it said.

Oil prices steady near year-and-a-half lows ahead of New Year

Oil prices steady near year-and-a-half lows ahead of New Year

Sat, Dec 29, 2018

Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in U.S. equity markets but pressured by worries about a global glut of crude.

Oil prices edge up to $50 after steep slide

Oil prices edge up to $50 after steep slide

Wed, Dec 26, 2018

Oil prices have edged up to $50 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an Opec-led effort to tighten supply. Watch video:

Oil prices claw back some losses after ''Black Friday'' plunge

Oil prices claw back some losses after ''Black Friday'' plunge

Mon, Nov 26, 2018

Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets.

Oil hits 2018 lows on emerging supply glut, OPEC expected to cut

Oil hits 2018 lows on emerging supply glut, OPEC expected to cut

Fri, Nov 23, 2018

Oil prices slumped to 2018 lows on Friday in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook.

Big relief for Modi govt from oil prices now!

Big relief for Modi govt from oil prices now!

Fri, Nov 23, 2018

"The recent decline in oil prices might compress the CAD by around $5 bn-$6 bn from our estimates of $78 bn in current fiscal. This will imply CAD settling down at 2.6 per cent of GDP (previously 2.8 per cent). Additionally, if crude averages $65 and rupee stays at 70, then petrol and diesel prices could fall further on average by Rs 4 or more," the report said.

Oil prices down 20 percent in a month as fundamentals weaken

Oil prices down 20 percent in a month as fundamentals weaken

Fri, Nov 09, 2018

Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by 20 percent since early October.

PM Narendra Modi says high oil prices hurting global economic growth, seeks review of payment terms

PM Narendra Modi says high oil prices hurting global economic growth, seeks review of payment terms

Mon, Oct 15, 2018

India, the world's third-biggest oil consumer, has been over the past two months battered by high crude oil prices that have sent retail petrol, diesel and LPG rates to record high, posed inflationary risks and together with a sliding rupee threatened to upset its current account deficit. Also, unrelenting fuel price rise since mid-August has negated cut in taxes and subsidy.

Petrol, diesel at new heights; these 6 factors impact India's fuel prices

Petrol, diesel at new heights; these 6 factors impact India's fuel prices

Mon, Sep 10, 2018

Fuel prices in India are continuing to rise, so much so, that they have reached levels that have never been witnessed before. This is the outcome of boiling crude oil prices.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

Oil rises as outages balance trade dispute, OPEC

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.

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

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.

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

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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