Brent Crude
Business  /  Published 01.01.22

Oil heads for biggest gain since 2016

Oil prices fell on Friday but were set to post their biggest annual gains since at least 2016, spurred by the global economic recovery from the Covid-19 slump and producer restraint, even as infection...
By Reuters in London

Business  /  Published 03.12.21

Oil cartel sticks to old output hike plan

Opec and its allies agreed on Thursday to stick to their existing policy of monthly oil output increases despite fears that a US release from crude reserves and the new Omicron coronavirus variant wou...
By Reuters in London

Business  /  Published 27.11.21

Markets sink on Covid fears

The detection of a new Covid variant in South Africa on Friday triggered panic selling in the global markets with domestic stocks also getting sucked into the whirlwind. While the Sensex plummeted 16...
By Our Special Correspondent in Mumbai

Business  /  Published 24.11.21

India, US dip into crude oil reserves

India on Tuesday said it would release 5 million barrels of crude from its strategic reserves and soon after, the US said it would release 50 million barrels from its stockpile, kicking off an unprece...
By Our Special Correspondent in New Delhi

Business  /  Published 23.11.21

Joint action to check oil price

India is working on ways to release crude oil from its strategic storages in tandem with other major economies to dampen prices, a top government official said on Monday. The US had last week made th...
By PTI in New Delhi


Business  /  Published 28.09.21

Crude rates seen at $90 by year-end

Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant and Hurricane Ida’s hit to production led to...
By Reuters in Bangalore

Business  /  Published 23.09.21

Crude price rise hits aviation

The spike in global crude prices could impact the nascent demand recovery in the aviation sector even as the civil aviation ministry pitches for duty cuts by both the Centre and states. The benchmark...
By R. Suryamurthy in New Delhi

Business  /  Published 20.07.21

No plan for Covid bond

The Centre on Monday said it has no plans to come up with Covid-19 bonds to raise fiscal resources amidst suggestions on such bonds by experts. “The government does not plan to raise fiscal res...
By Our Special Correspondent in New Delhi

Business  /  Published 02.06.21

Opec to ease curbs

Opec+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July as they sought to balance expectations of a recovery in demand against a possible incr...
By Reuters in London

Business  /  Published 13.04.21

ONGC seeks bids for KG gas

State-owned Oil and Natural Gas Corporation (ONGC) on Monday invited bids for the sale of the initial 2 million standard cubic metres per day of gas from its KG basin fields at a minimum price of $6.6...
By PTI in New Delhi


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