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Sharp fall in oil prices is opportunity for India to increase stockpile

April 28, 2020 9:44 am

While prices are low, we should fill up our reserve tanks and rent space abroad. The oil will come in handy when prices have gone up — and more importantly, when we need it.

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Why govt not passing benefit of reduced oil prices to consumers, asks Congress

April 21, 2020 11:49 pm

"Prices of crude oil have fallen to unexpected levels in the world, yet why is petrol in our country sold at Rs 69, diesel at Rs 62. It is good that prices have fallen in this disaster. When will this government listen," Rahul Gandhi tweeted.

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World's biggest election to offer vote of support for oil market

March 07, 2019 12:56 pm

About 875 million Indians will go to polls over the next three months to elect their leader, dwarfing the 158 million Americans who registered to vote in the 2016 US presidential elections.

India’s oil import in October highest in seven years

Oil weighed down by record Saudi output; markets eye G20, OPEC meetings

November 27, 2018 7:27 am

Since their most recent peaks in early October, oil prices have lost almost a third of their value, weighed down by an emerging supply overhang and by widespread weakness in financial markets.

US will give India, 7 other countries oil waivers under Iran sanctions: report

Oil near 4-year high as Washington's Iran sanctions loom

October 02, 2018 3:06 pm

Brent has risen by around 20 per cent from the most recent lows in August.

Oil drops after Trump threatens new China trade tariffs

April 06, 2018 12:49 pm

Brent crude for June delivery was down 45 cents, or 0.66 percent, at $67.88 per barrel at 0645 GMT. U.S. West Texas Intermediate crude for May delivery was down 41 cents, or 0.65 percent, at 63.13 a barrel.

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Oil stable as market conditions tighten despite rising US output

August 21, 2017 9:27 am

US commercial crude inventories have fallen by almost 13 percent from their March peaks, to 466.5 million barrels. Analysts said that falling crude inventories, despite rising output, indicate the market is already tightening.

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Oil markets steady as strong demand is met by ample supplies

August 14, 2017 7:16 am

Despite this, the IEA said that stocks remained 219 million barrels above a 5-year average - a level that producer club OPEC is targeting with its output cuts.