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Crude market News

30 Sep 2016

Mandi live | Crude market on law in international market

global oil demand growth

13 Sep 2016

Global oil surplus to persist into first half of 2017: IEA

A sharp slowdown in global oil demand growth, coupled with ballooning inventories and rising supply means the crude market will be oversupplied at least through the first six months of 2017, the International Energy Agency said on Tuesday.

03 Jul 2015

Oil prices ease ahead of Greece vote

Oil prices eased in Asia Friday ahead of a weekend bailout reform referendum in Greece that could determine its future in the eurozone.

24 Jun 2015

India's oil import bill to fall 21.7% to $88 bn in FY16

India's crude oil import bill is likely to fall by 21.7 percent this fiscal to USD 88 billion on falling international oil prices, according to latest Petroleum Ministry estimates.

19 Jun 2015

'RIL to outperform peers with refining margin of $9.5 in Q1'

"We expect EBITDA growth trajectory to change with 16 percent CAGR over FY15-18 (vs 1 percent decline over FY11-15)," it said.

12 Jun 2015

Oil prices fall after Saudis say could raise output to meet demand

Front month U.S. crude fell 28 cents to $60.49 a barrel by 0152 GMT. Brent futures were down 25 cents at $64.86 a barrel.

09 Jun 2015

Oil prices rise on hopes for China stimulus

Front month U.S. crude climbed 24 cents to $58.38 a barrel by 0320 GMT, after ending the previous session down 99 cents. Brent for June delivery rose 19 cents to $62.88 a barrel, having settled down 62 cents in the previous session.

crude oil futures

03 Jun 2015

Crude oil futures fall 0.68% on global cues

Oil prices for June delivery moved down Rs 23, or 0.59 percent, to Rs 3,895 per barrel, with a business volume of 2,045 lots.

03 Jun 2015

Oil prices down in Asian trade

WTI jumped USD 1.06 and Brent rose 61 cents yesterday after a sharp fall in the US dollar, which made dollar-priced crude cheaper for buyers using weaker currencies.

crude oil futures

01 Jun 2015

Crude oil futures down on weak Asian cues

The trading sentiment eased in futures trade after crude oil prices fell in Asian trade today following gains at the end of last week while there are still concerns about a global supply glut as OPEC prepares for a meeting where it is expected to maintain output, analysts said.

crude oil futures

29 May 2015

Crude oil futures surges by Rs 65 on Asian cues

Crude oil for delivery in June was trading notably higher by Rs 65, or 1.77 percent to Rs 3,733 per barrel, with a business turnover of 4,545 lots in futures trading at the Multi Commodity Exchange.

22 May 2015

Oil prices slip in Asian trade

Now, the rally seems to have fizzled out probably due to profit-taking as the market re-adjusts.

20 May 2015

Oil prices rise on strong Japan, Australia economic data

Brent futures were up 60 cents at $64.62 a barrel by 0310 GMT. U.S. crude prices were also up 60 cents at $58.59 a barrel.

19 May 2015

Oil prices mixed in Asian trade

Global oversupply with weak demand, continue to put a cap on prices despite geopolitical unrest.

08 May 2015

Oil prices mixed in Asian trade

WTI tumbled $1.99 in New York and Brent closed down $2.23 in London

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