Nymex

Crude oil at 8-month highs above $51/bbl on lower US inventory, rising Chinese demand

Besides falling US crude inventories, the market inched higher after Chinese trade data showed that its exports fell more than expected in May, but imports beat forecasts, adding to hopes that its economy may be stabilising

Oil shares stay afloat as Nymex, Brent crude prices slide further

US crude output hit nearly one-year low on Wednesday.

ONGC, others to pay Rs 10,900 cr as fuel subsidy for December quarter

ONGC and other state-run explorers may have to pay about Rs 10,900 crore in fuel subsidy after Finance Ministry has agreed to provide only Rs 5,085 crore in cash subsidy for the December quarter.

Essar Oil Q3 net flat at Rs 52 cr as revenues drop on low oil prices

Essar Oil, India's second largest private refiner, today reported a flat net profit of Rs 52 crore for the December quarter after revenues dipped due to lower crude oil prices.

Rupee washes out initial losses against $, edges up two paise at close

The Indian rupee washed out initial losses against the greenback to edge up by two paise at 61.73 on fag-end selling of dollars by banks and exporters.

Lower crude prices to boost Asia-Pacific sovereigns, says Moody's

Moody's said lower global crude oil prices since June last will benefit most Asia-Pacific sovereigns, including India, as the region is a net oil importer.

Fuel Subsidy: Oil Ministry seeks Rs 22,101crore for H2 2014-15

Oil Ministry has sought Rs 22,101 crore in fuel subsidy for the second half of current fiscal so as to almost exempt oil producers ONGC and Oil India Ltd from any payments.

Oil prices continue to slide as high inventory remains a concern

Oil markets edged lower on Thursday after big losses in the previous session as record high oil inventories in the United States had cut short a four-day rally.

OPEC: 2015 global oil surplus to stay despite fall in US shale output

The collapse in oil prices is starting to slow growth in US output, OPEC said on Thursday, although the slowdown will not prevent an increasing global surplus in 2015

World Bank cuts 2015 global growth forecast despite low oil prices

The World Bank lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices.