World oil prices today stayed above multi-year highs. New York’s benchmark West Texas Intermediate light sweet crude for May delivery rose 55 cents to 110.85 dollars per barrel after touching its highest level in two-and-a-half years in US trade Thursday. Brent North Sea crude for May delivery gained 38 cents to 123.05 dollars.
World oil prices were lower in Asian trade on Tuesday as investors locked in profits from a recent surge, but protests in the Arab world remained a concern, analysts said. New York’s main contract, light sweet crude for delivery in May, known as the West Texas Intermediate (WTI), was down 23 cents to USD 108.24 […]
Gas utility GAIL India said it has launched Asia’s first integrated gas management system to track all information on transmission and distribution of natural gas in the country. The SAP (application)-based Gas Management System, third of its kind in the world after Petrobras in Brazil and Pemex in Mexico, was launched at GAIL’s corporate office […]
Crude prices were up in Asian trade on Thursday, mirroring US stock markets as they rallied on a surge in private sector job creation in March, analysts said. New York’s main contract, light sweet crude for delivery in May, rose 28 cents to USD 104.55 per barrel. Brent North Sea crude for May delivery gained […]
Crude prices rose in Asian trade on Monday. New York’s main contract, light sweet crude for delivery in April, gained 1.88 USD to 102.95 USD per barrel while Brent North Sea crude for May was up 2.14 USD to 116.07 USD.
State-owned oil firms on Tuesday hiked jet fuel prices by a massive 6 per cent, the 11th rate increase in six months. Aviation turbine fuel (ATF) rates in Delhi have been hiked by Rs 3,377.09 per kilolitre (kl), or 6.14 per cent, to Rs 58,310.45 per kl with effect from midnight tonight, an official of […]
Oil prices continued to slide dropping below $100 per barrel for the first time in more than a week, after a massive earthquake and tsunami hit Japan. It is unclear how much Japan’s economy will be affected by the disaster but the tragedy has slowed down its economy. Japan is the third-largest oil importer in […]
The oil price hovered near $105 a barrel Tuesday in Asia, giving back some of the previous day’s gains but still near its highest level since late 2008 as battles raged between Libyan rebels and forces loyal to Muammar Qadhafi. Benchmark crude for April delivery was down 68 cents at $104.75 a barrel at late […]
Oil rose higher in Asian trade on Monday with the New York contract surging past USD 106 in the afternoon, a new two-year high as turmoil in the Middle East continued to unsettle investors, analysts said. New York’s main contract, light sweet crude for April delivery, rose USD 1.76 to USD 106.18, while Brent North […]
Finance Minister Pranab Mukherjee on Saturday apprehended rising oil prices following political turmoil in the Middle-East will have serious policy implications but expressed optimism of dealing with the situation. For a nation which imports two-thirds of its crude oil requirement through imports, spurt in rates may spell bad news as the Government will have to […]
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