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Crude Oil News

PAGE 8

Brokerage firm moves Delhi high court against MCX

Crude oil contracts on MCX reflect prices on the New York Mercantile Exchange (Nymex) and since Indian commodity markets closed for trading at 5pm on Monday, local traders were unable to exit their positions, while US prices plunged to minus $37.63 later in the night. (HT photo)

Updated on Apr 25, 2020, 9:17 PM IST

Aramco delays oil pricing statement as OPEC+ talks continue

Aramco didn’t immediately comment on the delay. The company’s pricing is a key indicator for traders since it affects about 14 million barrels a day of Persian Gulf crude exports

Updated on Apr 11, 2020, 7:06 PM IST

As Covid-19 spreads across world, oil prices slump to 17-year low

The benchmark Brent crude price on Monday dropped by as much as 6.62% to $23.28 per barrel.

Updated on Mar 30, 2020, 3:19 PM IST

India builds up strategic reserves as prices drop

India imports around 84% of the oil it uses.

Published on Mar 20, 2020, 1:44 AM IST

Slump in global oil prices spells bad news for green initiatives

The plunging price of crude could prompt more people to use cars and planes rather than public transport.

Updated on Mar 11, 2020, 12:35 PM IST

Crude oil plunges 30%, biggest drop since 1991, after Saudi slashes prices

China’s efforts to curtail the coronavirus outbreak has disrupted the world’s second-largest economy and curtailed shipments to the largest oil importer.

Updated on Mar 9, 2020, 8:40 AM IST

‘No need to panic about oil prices’: Minister amid tensions between US, Iran

Petroleum Minister Dharmendra Pradhan. (Photo: PIB)

Updated on Jan 11, 2020, 4:29 PM IST

Output of 8 core sector industries declines by 0.5% in August

The eight core industries in August recorded a 0.5 per cent decline in output of coal, crude oil, natural gas, cement, and electricity.

Updated on Sep 30, 2019, 5:32 PM IST

National polls, trade war and crude oil: A cautious new year ahead for Dalal Street

Experts believe the overall movement for the benchmark Sensex may also end up in 2019 at around 5 per cent, the same as 2018.

Updated on Dec 31, 2018, 1:36 PM IST

Oil prices fall as stock markets plunge

A man walks past a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India.

Published on Oct 25, 2018, 2:59 PM IST

Rupee touches three-week high due to sharp fall in global crude oil prices

The Indian rupee strengthened to a three-week high on Wednesday morning, aided by a sharp fall in global crude oil prices overnight, while expected gains in local shares also helped sentiment.

Updated on Oct 24, 2018, 11:21 AM IST

Oil at one-month low as Saudi Arabia pledges adequate supply

FILE PHOTO: Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia May 25, 2018. REUTERS/Sergei Karpukhin/File Photo

Published on Oct 23, 2018, 5:49 PM IST

Rupee a hostage to oil as India crude import bill jumps 76%

A fuel tanker drives along a street in the Mahul area of Mumbai.

Updated on Sep 6, 2018, 6:49 PM IST

India gets its cheapest ever LNG, as import from Russia’s Gazprom begins

A general view of an LNG plant, under construction in Arctic port of Sabetta, Yamalo-Nenets district, Russia. India, Pradhan said, is pushing towards a gas-based economy by raising the share of environment friendly fuel in the energy basket to 15% from current 6.2%.

Updated on Jun 4, 2018, 11:47 PM IST

Oil minister Dharmendra Pradhan asks Saudi Arabia for stable, moderate oil prices

Brent crude oil, which breached $80 a barrel mark on Thursday, was trading at $79.54 on Friday, the highest level since November 2014.

Updated on May 18, 2018, 3:21 PM IST

Petrol price in Delhi touches Rs 74.08, highest since September 2013

Along with petrol, diesel prices also touched new record levels on Friday.

Published on Apr 20, 2018, 3:18 PM IST

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