22 Apr 17
Opec recommends 6-month extension of oil output cuts
06:06 AM
An Opec and non-Opec technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said, in an effort to clear a glut of crude that has weighed on prices.
21 Apr 17
Oil prices flat in choppy trade, output cut signal
03:19 AM
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran.
India's crude oil demand to grow by 5% per year till 2020: Study
12:51 AM
The report by S&P Global Platts, released on Thursday, has forecast eight per cent annual gross domestic product (GDP) growth over the next few years.
13 Apr 17
Oil set for longest gain since 2012
02:28 AM
Oil advanced for an eighth day in London, the longest gain since 2012, on speculation Saudi Arabia will support an extension to Opec-led output cuts just as stockpiles show signs of shrinking.
12 Apr 17
OPEC's war on oil overhang starts to bear fruit
02:07 AM
OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.
05 Apr 17
Here's why India decided to cut Iranian oil purchases in row over gas field
07:46 PM
The context to the apparently sudden dispute between India and Iran on oil has much more to do with expected trend in pricing of crude and less to do with the delay on the terms of Farzad B gas field.
27 Mar 17
Oil producers consider extending output cuts
02:26 AM
Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles.
25 Mar 17
Indian basket of crude oils goes below $50 a barrel
07:11 AM
The Indian basket of crude oils went below the psychological $50-a-barrel-mark this week as global prices fell on the back of a supply glut from rising US crude inventories, offsetting some of the output cut efforts from the Organisation of the Petroleum
22 Mar 17
Oil drops to lowest since November as US inventories swell
11:45 PM
Oil prices slid to almost four-month lows on Wednesday, with Brent briefly falling below $50 a barrel, after data showed US crude inventories rising faster than expected, piling pressure on the Organisation of the Petroleum Exporting Countries (Opec)
Oil advances on talk of extension to Opec output cuts
01:10 AM
Oil prices on Tuesday fell close to its lowest in a week as the market discounted the latest talk by OPEC that it would extend output cuts beyond June.
17 Mar 17
Oil slips despite weak dollar as US stockpiles remain high
05:03 AM
Oil prices slipped on Thursday, as support from a weaker dollar was offset by US crude inventories near record high levels that again raised concerns whether the Organisation of the Petroleum Exporting Countries (Opec)-led output cuts were starting to
16 Mar 17
Oil market could tilt into deficit if Opec sticks to cuts: IEA
03:17 AM
Global oil inventories rose for the first time in January as the market grappled with a swell in production last year, but if the Organisation of the Petroleum Exporting Countries (Opec) maintains its output cuts, demand should overtake supply in the
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