15 Nov 17
Oil prices dip after IEA raises doubt over demand outlook for 2018
09:56 AM
Oil prices tumbled on Wednesday, continuing Tuesday's slide after the International Energy Agency cast doubts over the past months' narrative of tightening fuel markets.
08 Nov 17
Back to petroleum? Oil majors aren't buying into threat from renewables
01:02 PM
Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun.
Rising crude oil price drives up cost of synthetic textile raw materials
04:34 AM
Raw materials have become costlier by two to five per cent over the past month for synthetic textile manufactures, due to a sharp increase in crude oil prices.
07 Nov 17
Oil surges 3%, at highest since 2015
02:22 AM
Oil prices rose 3 per cent on Monday, hitting the highest since early July 2015, as Saudi Arabia's crown prince cemented his power over the weekend with an anti-corruption crackdown, while the US rig count fell and markets continued to tighten.
06 Nov 17
Oil hits $63 a bbl, highest since 2015 on output tightening by Saudi Arabia
01:51 PM
Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown that included high-profile arrests.
27 Oct 17
Oil steady near $52 as Saudi prince backs Opec cuts
02:40 AM
Futures were little changed in New York after falling 0.6 per cent on Wednesday.
25 Oct 17
Southeast Asian oil demand to keep growing until 2040, says IEA
04:04 AM
Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations by road, the International Energy Agency said on Tuesday.
24 Oct 17
Oil hovers near $52 a barrel
04:19 AM
Oil traded near $52 a barrel as the Organization of Petroleum Exporting Countries (Opec) reported record compliance with pledged production cuts and US drilling slowed again.
10 Oct 17
Opec calls on US shale oil producers to slash global supply, prop up prices
12:25 PM
An oil rig drilling a well at sunrise, owned by Parsley Energy Inc.
27 Sep 17
Oil falls from 26-month high on profit-taking
02:40 AM
An oil rig drilling a well at sunrise, owned by Parsley Energy Inc.
26 Sep 17
Oil prices to rise to $60 as OPEC likely to extend cuts: Ex-Saudi adviser
11:27 AM
Oil prices may rise to $60 a barrel by the end of this year or by early 2018 as OPEC and non-OPEC producers are expected to extend supply cuts beyond March, while oil inventories continue to decline, a former Saudi energy ministry official said in a
21 Sep 17
Oil PSUs mulling to acquire stake in oil field in UAE
08:16 PM
Indian oil PSUs are mulling to acquire up to 20 per cent stake in an oil field belonging to Abu Dhabi National Oil Company (ADNOC) in UAE, Utpal Bora, CMD of Oil India Limited said today.
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