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Oil drops as market awaits news on trade talks, oversupply concerns weigh

US West Texas Intermediate (WTI) crude was down 18 cents, or 0.3 per cent, at $56.68 a barrel. The contract dropped 0.7 per cent in the previous session. Brent crude futures were down 14 cents, or 0.2 per cent, at $62.04 a barrel by 0256 GMT, after falling 0.5 per cent on Monday.

Markets, Gold, Rupee, Petrol, Diesel Price Highlights: Sensex and Nifty erase day's losses to end flat

Share Market, Gold, Rupee Petrol, Diesel Price/Rate Highlights: All that happened in the world of stock markets, rupee, gold, petrol and diesel prices.


Oil prices decline on US crude build, weak euro zone data

Brent crude was down 17 cents at $62.79 a barrel by 1126 GMT. West Texas Intermediate crude moved 5 cents lower to $57.18 per barrel.

OPEC sees its oil market share shrinking, lowers demand view

OPEC's production of crude oil and other liquids is expected to decline to 32.8 million barrels per day (bpd) by 2024, the group said in its 2019 World Oil Outlook published on Tuesday.

Newly appointed Saudi Energy Minister says aiming for Aramco IPO as soon as possible

The company is meeting banks pitching for roles on the deal this week, and is expected to appoint the advisers in the coming days. The IPO is a centrepiece of Saudi Arabia's economic transformation drive to attract foreign investment and diversify away from oil.

Gulf tanker incidents may raise shippers' costs, cut traffic

Many of the 2,000 companies operating ships in the region have ordered their vessels to transit Hormuz only during the daylight hours and at high speed. But only a handful of the companies have halted bookings.


Oil prices rise as Saudi Arabia signals OPEC deal extension

Oil prices jumped after Saudi Energy Minister Khalid al-Falih told a conference in St Petersburg, Russia, that $60 a barrel was too low to encourage investment in the industry. Crude later pared gains.

Oil falls on trade dispute despite surprise drop in US crude inventories

China is the world's biggest oil importer. An unexpected drop in US crude inventories kept oil price declines in check.

Explained: Volatility in crude prices this week and its impact on the rupee

It was a volatile week for global crude oil prices, and in turn for the Indian rupee which reacts negatively to a rise in crude oil prices and vice-versa.

Rupee tumbles 22 paise against dollar on crude concerns

However, the dollar's weakness against some currencies overseas and a higher opening of the domestic equity markets capped the rupee's losses, a forex dealer said. Fresh dollar demand from banks and importers weighed on the Indian currency, they added.

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Fuel prices at an all-time high: News in Numbers

How the government is explaining the rise in petrol and diesel prices. Take a look in today’s News in Numbers.