Crude

Iraq's oil minister Thamer Ghadhban. (REUTERS)

OPEC and allies may deepen oil cut deal to 1.6 million bpd: Iraq

1 min read . 01 Dec 2019

Crude's gains on Wednesday were supported by an unexpected drop in US inventories.

Oil steadies above $61, weak demand outlook weighs

1 min read . 24 Oct 2019

MCX stock trades at a price-earnings multiple of 23 times its trailing 12-month earnings. (Photo: Mint)

MCX’s margins improve, but trading volumes need to sustain

2 min read . 16 Oct 2019

Crude-for-fuel swaps are a way around the complications that have arisen because of the sanctions. Photo: Bloomberg

Pay in fuel: How Indian firm buys Venezuelan oil without violating US sanction

2 min read . 16 Oct 2019

OPEC released its October monthly oil market report on Thursday in which it trimmed its forecast for world economic growth in 2020 to 3% from 3.1%. (Reuters)

OPEC chief says deeper oil cut an option amid weaker 2020 outlook

2 min read . 10 Oct 2019

Russian Energy Minister Alexander Novak said oil prices were stable for now but the market outlook was uncertain. (Bloomberg)

Crude oil prices rise today breaking a 6-day drop

1 min read . 02 Oct 2019

Saudi Aramco has restored full oil production and capacity to the levels they were at before attacks. (Photo: Reuters)

Oil prices rebound on lower output from US, Russia, OPEC

1 min read . 01 Oct 2019

The cost of the Indian basket of crude, which averaged $47.56 and $56.43 a barrel in FY17 and FY18, respectively, was at $59.35 in August (Reuters file)

Saudi Arabia warns of ‘unimaginably high’ oil prices

2 min read . 30 Sep 2019

Brent crude futures rose 9 cents to $62 a barrel. (Photo: Reuters)

Oil prices climb as positive China factory data eases demand concerns

1 min read . 30 Sep 2019

US WTI crude futures fell 8 cents, or 0.1%, to $56.33 a barrel. (Photo: Bloomberg)

Oil prices fall as supply risk premium fades, demand outlook drags

1 min read . 27 Sep 2019

Aramco is pushing ahead with its IPO preparations as the kingdom vows to bring oil production back to its full capacity by the end of the month after attacks on its facilities disabled 5% of global supply. (Reuters)

Saudi Aramco is set to formally announce listing plan next month

1 min read . 25 Sep 2019

Brent crude for November rose 80 cents, or 1.2%, to $65.08 a barrel on the ICE Futures Europe Exchange in Singapore. (Photo: Bloomberg)

Oil resumes gain on rising Gulf tension and Saudi supply doubts

1 min read . 23 Sep 2019

Why higher crude oil prices are more problematic for India now

3 min read . 23 Sep 2019

In the immediate aftermath of the Aramco strike, US oil futures spiked 14.7%, the biggest spike in the last 10 years (Reuters file)

The Corporate Outsider

Opinion | India’s oil dependence exposed again by Aramco strike

5 min read . 18 Sep 2019

Oil prices sink 5% as quick Saudi output recovery seen

2 min read . 17 Sep 2019

WTI futures ended at $62.90 a barrel, soaring $8.05, or 14.7%-the biggest one-day percentage gain since December 2008. (Photo: Bloomberg)

Oil jumps nearly 15% in record trading after attack on Saudi facilities

3 min read . 17 Sep 2019

A weakening rupee is also making crude oil imports costlier. (Bloomberg)

Crude oil price spike after Saudi attack: Petrol, diesel rates may rise in India

1 min read . 16 Sep 2019

The Indian economy is the midst of a sharp slowdown with the GDP growth in the April-June, 2019 coming in at just 5%, a six-year low.

Oil price shock may not lead to sustained inflationary pressure

2 min read . 16 Sep 2019

Smoke seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia on Saturday. (Photo: Reuters)

Oil prices jump the highest ever after attack cuts Saudi Arabian supplies

3 min read . 16 Sep 2019

UAE energy minister Suheil al-Mazrouei. (Reuters)

Oil producers to weigh output cuts at this week’s meet

2 min read . 08 Sep 2019