Goldman Sachs slashes oil price forecasts

Last Updated: Monday, January 12, 2015, 20:30

US bank Goldman Sachs slashed it oil forecasts on Monday, saying fuel prices needed to stay low for much longer in order to curb production and end a global supply glut.

US crude oil slips below $50/barrel as glut fear deepens

Last Updated: Monday, January 5, 2015, 22:40

The sell off in global oil markets showed little signs of slowing in the new year with US crude breaking below USD 50 a barrel, the first time since April 2009, on fears of a supply glut.

Oil prices struggle after WTI sinks below $60

Last Updated: Friday, December 12, 2014, 08:43

Oil prices sank further in Asia on Friday, with analysts warning of little respite from the the selling after plunging more than 40 percent since June.

US crude down 10% post-OPEC, Brent breaks below $70

Last Updated: Saturday, November 29, 2014, 05:30

US crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC`s decision not to cut output sent oil traders and analysts scurrying to find a new trading floor.

Solar power to light up Mayudia; help wildlife conservation

Last Updated: Monday, January 20, 2014, 21:40

The Wildlife Trust of India (WTI) in collaboration with Arunachal Pradesh Environment and Forest department distributed solar energy equipment to 25,000 households in Mayudia to meet power crisis in the village.

Brent drops towards $106 on Iran pact; US data eyed

Last Updated: Wednesday, January 15, 2014, 12:47

Brent crude edged down towards USD 106 a barrel on Wednesday as the prospect of a rise in Iranian oil exports weighed, while investors looked ahead to weekly oil inventories data from the United States to assess supply.

Oil market strikes eight-month low

Last Updated: Saturday, January 11, 2014, 00:09

Global oil prices sank this week to an eight-month low in New York on high US crude and product stockpiles that indicated supplies continue to outpace demand.

Oil price hits 8-month low on generous supplies

Last Updated: Friday, January 10, 2014, 03:33

New York`s main contract West Texas Intermediate for February delivery shed 67 cents to USD 91.66 per barrel, a level last seen on May 1.

Oil market diverges as traders digest US inventories

Last Updated: Thursday, January 9, 2014, 00:45

New York`s main contract West Texas Intermediate for February delivery fell 68 cents to USD 92.98 per barrel.

Disaster relief workshop on saving human, animal lives

Last Updated: Monday, December 16, 2013, 16:21

Preparation and quick coordinated action to save human and animal lives were emphasised at a workshop organised by the International Fund for Animal Welfare-Wildlife Trust of India (IFAW-WTI).

Oil prices gain after bullish US jobs report

Last Updated: Saturday, December 7, 2013, 13:27

New York`s main contract, West Texas Intermediate (WTI) crude for delivery in January, added 27 cents to close at USD 97.65 a barrel.

US oil prices edge higher, Brent oil falls

Last Updated: Saturday, November 30, 2013, 11:17

US oil prices Friday edged higher in holiday-shortened trade, as traders reversed a recent trend that has seen US crude sharply discounted to its European counterpart.