Singapore, Oct 27
Oil was mixed in Asian trade today but remained subdued with no signs that the world’s key crude producers will cut output in the face of a supply glut, analysts said.
US benchmark West T...
New Delhi, Oct 26
A significant oil discovery has been made near Ahmedabad in the Cambay basin that by some estimates may be the biggest onland find this year.
Jay Polychem (India) Ltd, a unit of city-base...
London, Oct 23
Brent crude oil stabilised below $85 a barrel on Thursday as strong European and Chinese data offset a slide triggered by a higher-than-expected build in US crude stocks.
New Delhi, Oct 22
The Ministry of Petroleum and Natural Gas will help the Director-General of Hydrocarbons implement the extension policy for production and development stage oil and gas blocks stuck due to expiry...
New Delhi, Oct 21
Crude oil futures prices rose 0.12 per cent to Rs 5,062 per barrel today as speculators created positions amid a firm trend in Asia.On the Multi Commodity Exchange, crude oil for delivery i...
October 20, 2014
Shale gas has kept oil prices down, but exploring alternatives such as ethanol remains as important as ever »
New Delhi, Oct 17
Crude oil futures recovered 0.29 per cent to Rs 5,107 per barrel today as speculators created positions amid a firm trend in Asia.On the Multi Commodity Exchange, crude oil for delivery in...
Seoul, Oct 16
US crude oil futures fell more than a dollar on Thursday in early Asian trade, extending a run of losses on concerns over weak oil demand as equity markets tumbled and economic gloom spread.
Tokyo, Oct 27
Brent crude futures fell below $86 a barrel on Monday after Goldman Sachs cut its price forecast for the contract and for US oil in the first quarter of next year by $15.
The US investmen...
New Delhi, October 26
ONGC and Reliance Industries will not get a premium for the gas they extract from deep and ultra-deepwater discoveries already made. The new price formula, announced on October 18,...
Singapore, Oct 24
Oil prices resumed their downslide in Asian trade today following a sharp rebound the day before as investors wait for more signs of economic growth in Europe, analysts said. US benchmar...
Singapore, Oct 23
Oil prices tanked further in Asian trade today as a crude supply glut overshadowed the news that China’s key manufacturing sector picked up slightly, analysts said.
US benchmark West Texa...
Singapore, Oct 22
Brent crude futures steadied above $86 a barrel on Wednesday, clinging to gains from the previous session as buyers gradually returned to a market hammered to four-year lows by abundant supply.
Singapore, Oct 21
Crude oil prices rose in Asian trade today, buoyed by strong industrial production data from China, the world’s top energy consuming nation, analysts said.US benchmark West Texas Intermedia...
Singapore, Oct 20
Oil prices rose in Asia today lifted by a surge in equities following last week’s sharp gains on Wall Street, but analysts said that the prices remain weighed by weak demand in an oversupplied mar...
Singapore, Oct 17
Oil got some respite on Friday from a four-month rout, with Brent climbing by almost a dollar to above $86 a barrel after positive US data buoyed global financial markets, although market analysts...
New Delhi, Oct 15
Finance Secretary Arvind Mayaram today said that declining crude oil prices will have favourable implications for the country, but there is no need to be overly optimistic about it.“We have...