Oil prices rose by 1 percent on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply.
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
Oil prices rose 1 percent on Friday, on track for solid weekly gains after financial markets strengthened due to hopes the United States and China may soon resolve their trade dispute.
We are one of the two countries in the world where the markets are open on January 1 s t. I think it is going to be a dull year till we get some kind of direction as to what is happening with the elections and I do not see that happening till about March.
High oil prices pushed India`s current account deficit in July-September to its widest in over four years, according to data released by the central bank on Friday.
Oil cartel OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices
Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.
The 175th meeting of Organization of the Petroleum Exporting Countries (OPEC) is set to kick off on December 6, 2018 in Vienna, Austria.
Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.
Claiming that the NDA government earned oil tax revenue of Rs 11 lakh crore in the last four and a half years, the leader of the Congress in the Lok Sabha Mallikarjun Kharge Friday alleged that the money had not been used for