March 2016

No Picture

Oil inventories spook investors, WTI ends at $38.32

U.S. crude closed roughly flat on Wednesday, giving up gains after the government reported another weekly build in crude inventories and a survey suggested OPEC output rose this month. Brent futures were up 12 cents…


No Picture

Oil settles flat, far off day’s highs; U.S. build weighs

Oil prices settled steady on Wednesday, erasing most of the day’s gains, after U.S. government data showed crude inventories at all-time peaks again despite strong refinery runs. Crude stockpiles in the United States USOILC=ECI rose…


No Picture

Brent oil trims gains, USD sell off stalls

Brent prices backed off from the session highs as broad based USD selling appears to have run out of steam ahead of US ADP payrolls report release. Rejected at $39.81 Prices clocked a high of…



No Picture

Crude oil inches up in futures trade

New Delhi, Mar 30 () Crude oil futures traded Rs 13 higher at Rs 2,575 per barrel today as speculators created positions amid a firm trend in Asia. At Multi Commodity Exchange, crude oil for…



No Picture

India keen to develop Iran’s Farzad B Gas Field

Dharmendra Pradhan, India’s minister of oil and natural gas, is set to visit Iran in the near future to discuss the development of Iran’s Farzad B Gas Field. Farzad B is an Iranian natural gas…