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Saudi Aramco will reduce its August-loading shipments of medium and heavy crude grades to at least six Asian buyers. (AFP Photo)

Saudi Aramco cuts August heavier crude supply for Asian refiners

Buyers in India, China, Japan, South Korea and Taiwan were notified by Aramco over the weekend about the supply cuts

14 July 2020 8:48 AM IST

Gold prices edged higher on Monday, holding above the key $1,800-per-ounce level. (PTI Photo)

Gold ticks higher over surging coronavirus cases

Physical gold sold at a premium in India driven by plunging imports and a near halt in smuggling that offset impact of...

13 July 2020 8:55 AM IST

Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week. (AFP Photo)

Oil slips as traders eye supply cut easing at OPEC meeting

Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three...

13 July 2020 8:44 AM IST

Diesel price nears Rs 81 after 16 paise increase. (PTI Photo)

Petrol rates unchanged, diesel nears Rs 81 after 16 paise hike

There was no change in petrol price for almost two weeks, and it continues to be priced at Rs 80.43 per litre

12 July 2020 2:40 PM IST

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts. (AFP Photo)

Oil prices cautiously rise on output cut support

However, traders are also closely watching prospects for US fuel demand, with 16 states reporting record increases in...

7 July 2020 8:58 AM IST

Oil prices offered up a mixed market snapshot on Monday. (AFP Photo)

Oil prices mixed as virus spike casts shadow over demand

OPEC and allies including Russia have pledged to slash production by a record 9.7 million barrels per day (bpd) for a...

6 July 2020 9:10 AM IST

Crude prices fell on Friday as the resurgence of the coronavirus globally dimmed the prospects of fuel demand recovery. (AFP Photo)

Oil prices drop on demand worries as coronavirus cases rise

Gasoline demand will be closely watched as US heads into its July 4 holiday weekend as many Americans are expected to...

3 July 2020 9:06 AM IST

Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases. (AFP Photo)

Oil prices slip on demand fears as virus cases surge

The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal...

2 July 2020 10:25 AM IST

Oil prices fell in early trade on Tuesday after weak Japanese industrial production data was enough to jangle trader nerves over a bumpy recovery in fuel demand as coronavirus pandemic restrictions ease. (AFP Photo)

Oil prices fall as weak Japan data exposes market jitters over fragile...

Japan reported industrial output for May fell 8.4% in May from the previous month, compared with market forecasts for a...

30 Jun 2020 8:49 AM IST

Diesel price on Monday scaled a new high after prices were hiked for the 22nd time in just over three weeks. (ANI Photo)

Fuel prices hiked after a dayâ€™s pause; Petrol, diesel above Rs...

Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country

29 Jun 2020 11:13 AM IST

Oil prices fell for a second straight session on Monday as coronavirus cases rose. (AFP Photo)

Oil falls in second straight session as virus cools demand

Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to...

29 Jun 2020 8:45 AM IST

After 21 days of continuous hike, petrol and diesel prices stable today. (PTI Photo)

BREAKING NEWS: No hike in petrol, diesel prices after 21 days

Before the country entered the lockdown, average price of petrol and diesel in Delhi was Rs 69.60/ litre and Rs 62.30/...

28 Jun 2020 1:00 PM IST