Last Updated: Thursday, August 20, 2015, 16:24
Iran has asked India to pay within two months USD 6.5 billion in past oil dues, partly in rupees and rest in dollars or euros, a top official said.
Last Updated: Thursday, August 20, 2015, 10:59
Here are the 5 key reasons of oil price decline.
Last Updated: Thursday, August 20, 2015, 08:59
US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.
Last Updated: Wednesday, August 19, 2015, 09:22
US benchmark West Texas Intermediate for September delivery fell 17 cents to USD 42.45 a barrel and Brent crude for October dipped 23 cents to USD 48.58 a barrel in late-morning Asian trade.
Last Updated: Tuesday, August 18, 2015, 17:04
US oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world`s largest energy consumer, adding to worries about global fuel demand at a time of heavy oversupply.
Last Updated: Tuesday, August 18, 2015, 08:40
Both crude oil benchmarks are now almost a third below their last peak from May, and analysts say more falls could lie ahead.
Last Updated: Monday, August 17, 2015, 09:07
Oil prices resumed their decline in Asia on Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said.
Last Updated: Sunday, August 16, 2015, 11:55
Sources close to the company said Cairn India has sought government approval for a tripartite agreement wherein Barmer crude oil will go to the international market where it will get better price than the ones realised locally.
Last Updated: Friday, August 14, 2015, 22:43
Petrol price was cut by Rs 1.27 per litre and diesel by Rs 1.17 a litre, with effect from midnight tonight.
Last Updated: Monday, August 10, 2015, 10:45
US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.
Last Updated: Saturday, August 8, 2015, 02:55
Crude oil prices fell again Friday as the main US futures contract concluded its sixth straight week of losses, in a market awash with worry about the global oversupply.
Last Updated: Friday, August 7, 2015, 01:41
Oil prices fell again Thursday in a glum market as the global oversupply of crude oil looked entrenched and demand prospects weak.
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