oil prices

Dubai, Nov 17: With crude oil dropping below $40 a barrel, Finance Minister Arun Jaitley has said low oil prices have created a favourable environment for the Indian economy as it helped to absorb the loss faced by state-run marketters and…

New York, Nov 6: Oil prices continued to fall on Thursday as the market expected global supplies exceeded demand. The West Texas Intermediate for December delivery moved down $1.12 to settle at $45.2 a barrel on the New York Mercantile…

New York, Oct 27: Oil prices fell as traders worried that global supplies exceeded demand. For the week ended October 16, US crude supplies on Monday gained eight million barrels to 476.6 million barrels, 98.9 million barrels more than a…

New York, Oct 20: Oil prices dropped on Monday as the stronger US dollar made the dollar-priced crude more expensive and less attractive for buyers holding other currencies. The US dollar increased against the euro on Monday as…

Oil major Cairn India on Tuesday reported a 24 percent drop in its net profit for the first quarter ended June caused by the drop in international crude oil prices. The company's net profit during April-June at Rs.835 crore was lower than…

Oil prices plummeted after Greece rejected debt bailout terms. In a Sunday referendum, more than 61 percent of Greeks voted " NO", rejecting a proposal from international creditors that included pension cuts, tax increases and other…

Benign oil prices, likely monetary policy easing by the Reserve Bank and lower inflation will help the Indian economy to grow in the range of 8.1- 8.5 percent in the current fiscal, the parliament was told on Tuesday. "The increase in GDP…

The price of non-subsidised LPG, or cooking gas, was slashed by Rs.5 per cylinder on Friday even as rates of transport fuels, including jet fuel, were raised, following the hardening of international crude oil prices. The price of…

Oil and gas major Cairn India on Thursday reported a consolidated loss of Rs.240 crore for the fourth quarter of fiscal 2014-15 caused by a slump in international oil prices. The company had a consolidated net profit of Rs.3,035.44 crore in…

Indian Oil Corp (IOC), the nation's largest oil company, on Sunday increased Aviation Turbine Fuel (ATF) -- or jet fuel -- prices by a steep 8.2 percent and of non-subsidised cooking gas (LPG) by Rs.5 per cylinder consequent to recent…