The government has deferred for the second time the deadline for submission of bids in the auction of 25 oil and gas fields that hold resources worth an estimated Rs 1 lakh crore, upstream regulator DGH said.
Oil retreated near $52 a barrel as investors assessed surging U.S. production against output curbs pledged by some of the world’s top suppliers. Futures lost as much as 1 percent in New York, trimming gains of 3.6 percent
American oil to ease India’s oil dependency on Gulf countries? India-US oil supply contracts on cards but price a hurdle
In order to ensure a steady inflow of crude oil given that supply from Iran has been capped, the country’s oil marketing companies are looking at long-term contracts with US suppliers, but non-availability of official selling price (OSP)
India’s domestic crude oil production fell 3.47 per cent in November to 2,780.60 Thousand Tonne (TMT), as compared to the corresponding month a year ago, primarily due to fall in production from fields operated by Oil and Natural Gas Corporation (ONGC).
On Monday, WTI crude prices plunged 2.1 percent to close at $ 50.5 per barrel. Weak import and export data from China led to a downfall in the Oil prices. Supply cuts by OPEC restricted the downfall but
Oil halted its retreat near $51 a barrel on forecasts for a drop in U.S. inventories and as a rebound in equities signaled investor interest in risk assets was improving. Futures in New York climbed as much as 1.6 percent after dropping 4 percent over the past two sessions.
Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains. U.S. West Texas Intermediate (WTI) crude
Crude oil futures dropped by Rs 15 to Rs 3,650 per barrel on January 14 as speculators off-loaded bets amid weak trend overseas. Marketmen said trading sentiment was dampened in futures trade here after oil prices retreated in the global market due to ample stocks.
After starting 2019 on a cautious tone, hedge funds this week slashed bets on falling Brent crude prices to the lowest level since mid-November, as they looked to get out the way of a recovery that pushed oil back
US oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets.