Oil remained lower in Asian trade Thursday despite a positive Chinese data which shows increase in overall exports of the country. Light sweet crude for July was seen trading at $74.23 a barrel at 12.00 noon Singapore time while Brent crude was at $

Crude oil prices rose by Rs 14 or 0.39 per cent to Rs 3,575 per barrel in futures trade today, as traders created fresh positions on a firming global trend. Trading sentiment turned better after oil rose in New York, on expectations fuel demand will

The government has asked CNG retailers in the national capital and Mumbai to defer by a week the hike in CNG price that had become necessary following doubling of natural gas price. Indraprastha Gas Ltd in Delhi and Mahanagar Gas Ltd in Mumbai were to

Oil rose for a second day as confidence among U.S. small businesses rose and an industry report showed a drop in the country’s crude supplies, bolstering optimism about the strength of the economic recovery. Oil gained after the National Federation of

Global oil prices extended gains above $72 in Asian trade Wednesday mainly after reports of decline in US crude stocks. Light sweet crude for July delivery was seen trading at $72.51 a barrel at 11.00 a.m Singapore time while Brent crude was at $ 72.54 a

Crude oil rose for the first time in three days before a report forecast to show that U.S. crude inventories declined a second week. “The U.S. economy is still on a track to recovery,” said Andrey Kryuchenkov, an analyst with VTB Capital in London. “The

Oil prices rose towards $72 on Tuesday as predictions of a drop in US inventories helped stabilise a volatile market driven by concerns that Europe’s debt crisis would cut into energy demand. Prices of front-month US crude was up 11 cents at $71.55. ICE

Costs for upstream oil projects are likely to rise after the BP Gulf oil spill, a senior executive at Malaysia’s national energy firm Petronas said today. “With the possible tighter US regulation, there will probably be higher insurance costs. As a

Crude-oil futures sank deeper into negative territory on Monday, barely hanging above $71 a barrel as U.S. stocks fell and gold prices rallied. Oil for July delivery retreated 69 cents, or 0.9%, to $70.89 a barrel on the New York Mercantile Exchange. Oil

It is reported that the number of rigs drilling for oil and natural gas declined last week as the growing oil spill in the US Gulf of Mexico and subsequent drilling ban pared back activity. According to data from oil-field services company Baker Hughes

The global imbalance in demand-supply of offshore drilling rigs, especially jack-up rigs which operate in shallow water, has brought down day rates by as much as 15 per cent in the past six months. There is over-supply of rigs in the market, with many

Gold rallied Thursday as a last-minute buying frenzy pushed prices more than 2% upward, leaving behind earlier tenuous gains as a report showed a larger-than-anticipated drop in oil inventories. Crude oil for July delivery added $1.75 to settle at $74.61

Crude oil rose and was poised for a second weekly increase on signs of a recovery in demand in the U.S., the world’s biggest energy consumer. Oil reversed earlier losses before a report that may show American employers added jobs in May for a fifth