Hints of progress on a possible U.S.-China trade deal helped bolster sentiment, which has been battered by concerns over a weaker global economic outlook. read more

There are at least some reasons to be hopeful for emerging Asian assets: oil prices have dropped about 40 percent from their October peak, which is a boon for countries that import the commodity. read more

Oil prices fell to their lowest in more than a year on Thursday, a day after their biggest one-day rally in two years, pulled down by worries about the global economy and a supply glut. read more

Between January and October this year, the price of petrol increased by 20% reaching at all time high of Rs 84\/litre in Delhi, triggering speculation of it even reaching triple figures. read more

In November 2016, OPEC countries, along with Russia, decided to reduce their crude oil production by around 1.5 million barrels per day (mbd). read more

India is the world’s third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its energy needs read more

The United States has imposed sanctions on Iran and U.S. officials say they aim to reduce Iran’s oil exports to zero in a bid to curb the Islamic Republic’s missile programme and regional influence. read more

The rupee, meanwhile, depreciated by 50 paise to 70.08 against the US dollar in early trade Monday at the interbank foreign exchange amid strengthening of the US dollar against some currencies overseas. read more

The decision to withdraw from OPEC came after Qatar reviewed ways to enhance its role internationally and plan its long-term strategy, al-Kaabi told a news conference. read more

Oil production has surged this year. The International Energy Agency expects non-OPEC output alone to rise by 2.3 million bpd this year. Oil demand next year, meanwhile, is expected to grow by 1.3 million bpd. read more

US President Donald Trump on Wednesday thanked Saudi Arabia for lower oil prices -- a day after pledging the US would remain a “steadfast partner” of the kingdom despite the murder of a prominent journalist read more

The US decision to grant waivers that will allow importers of Iranian oil to keep buying in spite of sanctions confounded expectations of a looming supply crunch, helping trigger crude’s collapse. read more

“Unlike in 2013, even as the rupee has weakened by 15 per cent calendar year-to-date against the dollar, it remains outside that group of most vulnerable currencies and the country’s forex reserves position is still reasonable,” UBS analyst Gautam Chhaochharia... read more

The rupee hit 74 on the dollar on Wednesday after television channels reported RBI governor Urjit Patel may resign due to the spat with the government. read more

Jaitley on October 4 had announced a reduction of \u20B92.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by \u20B91.50 per litre. Maharashtra government also reduced taxes on both petrol and diesel. read more