APN News

  • Sunday, September, 2021| Today's Market | Current Time: 04:15:03
  • Oil prices up in Asian trade

    Oil was higher in Asian trade on Thursday, as a weaker dollar helped prices shrug off a massive increase in US crude reserves, analysts said.  New York’s main contract, light sweet crude for delivery in October, climbed 27 cents to USD 72.79 a barrel.  Brent North Sea crude for October delivery rose 37 cents to […]

    Oil edges higher in Asia

    Oil recovered in Asian trade Wednesday but prices remained under USD 72 amid worries about the fragile US economy, analysts said.  New York’s main contract, light sweet crude for October delivery, gained 24 cents to USD 71.87.  The contract closed Tuesday at USD 71.63, its lowest since 7th June. Brent North Sea crude for October […]

    Iran inaugurates new cross-country gas pipeline

    Iran has operationalised the first phase of the proposed Iran-Pakistan gas pipeline, a USD 1.7 billion project from which India has backtracked. The project, which is Iran’s 7th cross-country gas venture is regarded as the first phase of the proposed Iran-Pakistan gas pipeline. The pipeline, which extends 902 kilometers from Assalouyeh in the southwest of […]

    Oil prices fall in Asian trade

    Crude prices were down in Asia on Tuesday as analysts said losses in equities markets compounded fears over weak oil fundamentals amid ongoing concerns about the global economy. New York’s main contract, light sweet crude for delivery in October, fell 35 cents to USD 72.75 a barrel. London’s Brent North Sea crude for October slipped […]

    NTPC to be compensated for cancellation of 600MW proj: Shinde

    Power Minister Sushil Kumar Shinde has said that NTPC would be duly compensated for the cancellation of its 600 MW hydro-power project at Loharinag Pala in Uttarakhand. “So far NTPC has incurred about Rs 600 crore on the project and has placed order worth Rs 2,000 crore for the equipment. We have got an assurance […]

    ONGC-OIL-GAIL may bid to counter Vedanta’s offer for Cairn

    State-owned ONGC, OIL and GAIL may make a joint bid to counter Vedanta Resources’ USD 8.48 bn offer for majority stake in Cairn India, and have already got USD 10 bn in loan commitments from international banks for the move. Oil Ministry is believed to be uncomfortable with billionaire Anil Agarwal-owned Vedanta Group buying 51-60 […]

    Mexico’s Oil Giant Reports Oil Output 1 pct Higher in June

    Mexico’s state-run oil company Petroleos Mexicanos (Pemex) said Friday its output raised by 1 percent in June, bringing its monthly crude output to nearly 2.6 million barrels per day (bpd). Until June, Mexico’s oil production had shrunk every month this year. It has been on decline since peaking at nearly 3.5 million bdp in October, […]

    Oil prices rebound in Asian trade

    Oil prices rebounded in Asian trade on Friday  on hopes the Japanese government would ease monetary policy to stimulate its economy, analysts said. New York’s main contract, light sweet crude for delivery in September, was up 14 cents to 74.57 dollars a barrel in morning trade. Brent North Sea crude for October delivery advanced 24 […]

    Asian Oil trade down

    Oil prices were lower in early Asian trade on Thursday as US crude stockpiles remained at record levels, indicating weak energy demand in the world’s biggest economy. New York’s main contract, light sweet crude for delivery in September, fell nine cents to USD 75.33 a barrel. Brent North Sea crude for October delivery slipped six […]

    Oil dips in Asian trade

    Oil dipped in Asian trade on Wednesday as investors locked in profits from a price rally overnight and on continued concerns over the global economic rebound. New York’s main contract, light sweet crude for September delivery, was down 17 cents to USD 75.60 a barrel in morning trade. Brent North Sea crude for delivery in […]