APN News

  • Wednesday, April, 2024| Today's Market | Current Time: 05:28:20

    • Oil & Natural Gas

    Govt watching crude prices, will manage: Pranab

    Concerned over a spike in crude oil prices in international markets due to turmoil in the Middle East, Finance Minister Pranab Mukherjee on Wednesday said the government is monitoring the situation and will manage it. “Unfortunately, because of developments in the Middle East and its impact on the Arab world… (it) is causing uncertainty about […]

    Oil & Natural Gas

    Oil up in Asia amid Egypt concerns

    Oil rose in Asian trade Wednesday, with Brent crude within a whisker of breaching USD 102 a barrel again as the unrest in Egypt continued to weigh down investor mood. New York’s main contract, light sweet crude for March delivery gained two cents to USD 90.79 and Brent North Sea crude, also for delivery in […]

    Oil & Natural Gas

    World oil prices up as Egyptian tensions mount

    World oil prices rose in Asian trade on Monday on fears that mounting political tensions in Egypt would disrupt supplies flowing through the Suez Canal, analysts said. New York’s main contract, light sweet crude for March delivery, was up 37 cents to USD 89.71 per barrel in morning trade. Brent North Sea crude for March […]

    Oil & Natural Gas

    Oil prices spike on US growth data, Egypt concerns

    Oil rebounded close to USD 99 on Saturday, as traders reacted to impressive economic growth in the United States and fretted over worsening political turmoil in Egypt, analysts said. Brent North Sea crude for delivery in March surged USD 1.39 to USD 98.78 per barrel in late afternoon London trade. New York’s main contract, light […]

    Oil & Natural Gas

    Saudi Arabia says Opec may raise oil output

    Saudi Arabia’s oil minister has said that the Opec producers’ group may hike output to meet rising demand for crude oil in 2011. Ali al-Naimi said during a conference in Saudi today that oil demand could rise by about 2 per cent this year. He said that, as non-Opec producers are preparing to increase output, […]

    Oil & Natural Gas

    ONGC FPO to come on schedule in March: Oil Secy

    The government on Friday said the ONGC follow-on public offer (FPO) will come on schedule in March this year. “There is absolutely no reason to believe that FPO is not taking place this fiscal. It is proceeding according to the plan which is to take place before end of March,” Oil Secretary S Sundareshan told […]

    Oil & Natural Gas

    Crude oil prices lower in Asian trade

    Crude oil prices were lower in Asian trade today as unexpected gains in US crude inventories placed a dampener on energy demand, analysts said. New York’s main contract, light sweet crude for March delivery, fell three cents to 89.56 US dollar per barrel.

    Oil & Natural Gas

    Oil prices lower in Asian trade

    Oil was lower in Asian trade today as investors awaited the release of a widely watched US government energy inventory report. New York’s main contract, light sweet crude for February delivery, dropped 15 cents to 90 dollars and 71 cents a barrel and Brent North Sea crude for March delivery was off 15 cents to […]

    Oil & Natural Gas

    Deora seeks customs, excise duty cut to avoid fuel price hike

    Oil Minister Murli Deora on Wednesday demanded abolition of customs duty on crude oil and cut in excise duty on diesel to avoid more fuel price hikes that have become necessary because of spiralling global oil rates. “We are demanding rollback of 5 per cent customs duty that Finance Minister Pranab Mukherjee had imposed on […]

    Oil & Natural Gas

    Oil mixed in Asia after slump in China stocks

    Oil was mixed in Asian trade tuesday with sentiment weighed down by a slump in Chinese stocks, analysts said. New York’s main contract, light sweet crude for February delivery, dropped 58 cents to USD 90.96 a barrel and Brent North Sea crude for March delivery was up 17 cents at USD 97.60. “The Shanghai Exchange […]

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