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16 Apr 2016

Saudi Arabia will only freeze output if others do

Saudi Arabia will only freeze the level of its oil production if all other major producers, including Iran, do so, Bloomberg reported on Saturday, citing Saudi deputy crown prince Mohammed bin Salman.

12 Jan 2016

BP to cut 4,000 jobs amid oil price plunge

The cuts in BP's upstream business globally will include the loss of some 600 jobs in the North Sea.

25 Nov 2015

India's oil import bill likely to dip 35% in FY'16

India's crude oil import bill is likely to dip by 35 percent to USD 73 billion this fiscal as global energy prices slumped on weak demand.

24 Nov 2015

ONGC sees 20-30% lower capex next fiscal on crude price slump

ONGC will maintain its capex plan for this year at the same level as last year at about Rs 30,000 crore, its chairman Dinesh K Saraf has said.

15 Apr 2015

Diesel price cut by Rs 1.30 per litre; petrol by 80 paise

The public sector oil marketing companies have announced a cut in petrol price by 80 paise per litre and in diesel by Rs 1.30 a litre here, in line with a softening trend in international markets.

05 Dec 2014

Crude falls below $69 per barrel as price rout rolls on

Brent crude slipped below $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia added to recent pressure.

05 Dec 2014

Oil down after Saudi Arabia slashes crude price

Oil fell in Asian trade on Friday after major producer Saudi Arabia slashed the price of the crude it sells to Asia and the United States, analysts said.

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