E-PaperOil Markets News
How US ending Iran waivers could affect oil markets and beyond
The US is said to announce that it won’t renew exemptions from its sanctions to buyers of Iranian crude after they expire on May 2In November last year, Donald Trump granted waivers to eight importers as it sought to temper fuel prices ahead of American mid-term elections
3 min read22 Apr 2019Oil prices dip in volatile trade, Saudi oil cuts limit losses
Crude futures mirrored volatility in other markets after Apple cut its sales forecast, citing a slowdown in China. The news rattled US markets and weighed on oil prices
2 min read3 Jan 2019Oil prices jump 4%, but demand concerns still weigh
Oil futures were buoyed by some gains in US stocks, with the Nasdaq Composite turning positive after earlier losses.Crude futures have recently tracked stocks on Wall Street
4 min read3 Jan 2019Oil bounces after steep slide, but growth fears still weigh
US crude was up $2.86 a barrel, or 6.7%, to $45.38 a barrel. Brent crude, the global benchmark, rose $3.12, or 6.2%, to $53.59 a barrel
2 min read27 Dec 2018Oil prices at multi-month lows with market in doldrums
Brent crude fell 32 cents a barrel to $54.03 by 1808 GMT after earlier touching $52.79 a barrel, its weakest since September 2017
2 min read22 Dec 2018Oil prices sink to year’s low as equity slump adds to supply fear
Crude prices are mired in a bear market amid growing skepticism that Opec and its allies' production cuts will be deep enough to prevent a surplus in 2019
2 min read18 Dec 2018Oil prices rise as US China trade war shows signs of easing
Brent crude oil prices rose 0.4% to $60.36 from their last close, US WTI crude futures were at $51.25 per barrel, up 0.2%
2 min read13 Dec 2018Are oil prices on the boil again?
For oil prices to increase consistently hereon, the market needs substantial production cuts, andin that sensethe 6-7 December Opec meeting is crucial
2 min read4 Dec 2018Oil gives up ground as Saudis say OPEC+ cut still up in the air
The Organization of the Petroleum Exporting Countries (Opec) will meet on 6 December meet at its headquarters in Vienna, Austria, to agree a joint output policy
2 min read4 Dec 2018Oil prices surge 5% on US-China trade deal, expected cuts
Both global oil benchmarksWTI and Brentrise 5% after a US-China trade deal, Opec expected to agree to cuts aimed at reining in oversupply, Qatar says will leave Opec in January
2 min read3 Dec 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared