Blogs Posts in Oil category; 100 blog posts

Oil prices drop as Greek talks stall

Oil prices were in decline today as frustration with the inability of Greek policymakers to agree on a deal to impose further budget cuts reduced demand for riskier assets. Greece needs to pass more austerity measures to secure the much n [...]

Posted On : Feb, 07 2012 | Comments : 0

Nifty rangebound; banks, metals, oil & gas gain

The National Stock Exchange's Nifty continued to move in a range led by gains in banks, metals and oil & gas space. According to analysts, the short-term trend is positive and traders are advised not to go short in the first week as t [...]

Posted On : Dec, 30 2011 | Comments : 0

Petrol 78p cheaper in Delhi

PSU oil-marketing companies slashed petrol prices by `0.65 per litre (excluding taxes) across the country due to fall in international crude prices. In Delhi, petrol price has been cut by 78 paisa per litre petrol (including local levies) [...]

Posted On : Dec, 01 2011 | Comments : 0

BP delays test of new cap on oil well

BP last night delayed a critical test to determine if a new cap on its blown-out Macondo well can arrest the flow of oil that has gushed into the Gulf of Mexico for the past 12 weeks. "We decided that the process may benefit from ad [...]

Posted On : Jul, 14 2010 | Comments : 0

Oil bounces off 1-month low on US stock draw views

Crude prices rose as much as 0.6 percent on Wednesday, pulling away from one-month lows struck in the previous session on forecasts of a second weekly fall in U.S. inventories. Prices tracked volatile equities in the past two days, parin [...]

Posted On : Jul, 07 2010 | Comments : 0

OIL FUTURES - Crude Rises In Asia On US Stock Data Expectati...

Crude-oil futures rose slightly in Asian trading Wednesday, on the back of expectations that U.S. crude inventories would decline in Energy Information Administration data due to be issued later in the day. On the New York Mercantile Exc [...]

Posted On : Jun, 30 2010 | Comments : 0

BP to siphon off more oil from well

Energy giant BP PLC unveiled a plan yesterday to vastly boost the amount of oil it is siphoning off from its blown-out Gulf of Mexico well. With the spill certain to continue for weeks, BP's U.S.-listed shares tumbled as investors fe [...]

Posted On : Jun, 15 2010 | Comments : 0

Oil caps worst week in 16 months on debt concerns

Crude oil tumbled, capping its biggest weekly decline in 16 months, on concern Europe's debt crisis will slow the global economic recovery. Futures dropped to the lowest level in 12 weeks as equities fell amid speculation Greece' [...]

Posted On : May, 08 2010 | Comments : 0

Oil extends gains in Asian trade, stays above $85

Oil prices extended gains in Asian trade today on optimism over the US economic recovery following positive jobs data along with easing global fears about Greece's debt crisis, analysts said.New York's main contract, light sweet [...]

Posted On : Apr, 30 2010 | Comments : 0

Oil eases on stronger dollar, weaker equities

Oil prices eased in Asian trade Friday pressured by a strengthening US dollar and weaker equity markets, analysts said. New York's main contract, light sweet crude for delivery in May, slid 66 cents to $84.85 a barrel Brent North Sea [...]

Posted On : Apr, 16 2010 | Comments : 0

Oil prices settle below $85 a barre

Oil prices fell Friday for a third day, dropping below $85 a barrel as traders questioned whether Americans were burning enough fuel to justify higher prices. The slump in crude wiped out gains from earlier in the week, when prices jumpe [...]

Posted On : Apr, 10 2010 | Comments : 0

Financials - Crude Oil Prices Highest In Almost Two Years

The good news is the global economy is showing gradual signs of improvement and finally a forecast of hope. The bad news is, after a relatively bearable two years at the pump, crude oils prices are on the rise again. For the past two mon [...]

Posted On : Apr, 03 2010 | Comments : 0

Oil falls to near $80 on US crude stocks rise

Oil prices fell to near $80 a barrel Thursday in Asia, extending losses from the previous day after an increase in U.S. crude inventories suggested consumer demand remains weak. Benchmark crude for May delivery was down 25 cents to $ [...]

Posted On : Mar, 25 2010 | Comments : 0

Oil falls to near $82 after 2-day rally

Oil prices fell to near $82 a barrel Thursday in Asia, paring two days of gains that were fueled by signs U.S. crude demand may be improving. Benchmark crude for April delivery was down 75 cents to $82.18 a barrel. At late afternoon [...]