Asian stocks set for worst monthly drop in three years on global rout

Last Updated: Monday, August 31, 2015, 09:05

Global markets are bracing for Chinese data on Tuesday which is expected to show the world`s second-largest economy is continuing to lose momentum.

Oil prices fall on profit taking, rate hike uncertainty

Last Updated: Monday, August 31, 2015, 08:52

That came after Brent climbed 10 percent last week, while US crude finished the week up 12 percent.

Govt not to go ahead with OIL stake sale soon

Last Updated: Sunday, August 30, 2015, 11:13

The government had planned to sell 10 percent shares in OIL, the nation's second biggest state-owned oil producer.

Oil extends short-covering frenzy to second day, topping $50

Last Updated: Saturday, August 29, 2015, 03:34

World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.

US oil rallies second day; WTI up 6.3%

Last Updated: Saturday, August 29, 2015, 00:46

US crude-oil prices surged higher for a second straight day Friday, as investors appeared to view the recent nose-dive as overdone.

Savings on oil will help in funding social security schemes: FM

Last Updated: Friday, August 28, 2015, 22:29

India, which imports close to 80 percent of its oil needs, spent about USD 124 billion in 2014-15 on shipping oil.

Govt to fix formula for premium on gas pricing soon: Pradhan

Last Updated: Friday, August 28, 2015, 19:26

Petroleum Minister Dharmendra Pradhan on Friday said the government would soon finalise a formula to calculate premium on gas pricing for difficult blocks.

'India's oil imports dependence may hit 90% in next 2 decades'

Last Updated: Friday, August 28, 2015, 18:00

India imports 79 percent of its oil needs, and spent USD 138.3 billion on the same.

Oil prices extend gains after biggest daily climb in 6 years

Last Updated: Friday, August 28, 2015, 14:11

Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies.

China jitters, globalization bode ill for Fed's inflation goal

Last Updated: Friday, August 28, 2015, 10:53

The recent market swoons follow a series of other shocks - crashing oil prices, weakness in Europe, the constant deflation threat in Japan - that have held down inflation globally.

Oil markets catch breath after biggest gains in six years

Last Updated: Friday, August 28, 2015, 08:27

Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.

US oil jumps more than 10% to $42.56 a barrel

Last Updated: Friday, August 28, 2015, 00:53

US oil prices surged more than 10 percent Thursday, climbing back above $40 a barrel after strong American economic growth data lifted confidence about the world`s biggest economy and petroleum user.