Bahrain oil production is expected to double to 100,000 barrels a day (bpd) from the current 50,000 bpd within five years, said Abdul-Hussain Ali Mirza, Bahrain’s energy minister.....

US crude oil prices which rose 6.3% last week to $109.77 on Friday has retreated in Monday trade possibly on profit booking, analysts said. Crude oil prices had risen for the third straight week la....

US Crude oil futures have soared to a nine-month high on improved US economic data and progress in Greek bailout package. Nymex Crude oil for March delivery has climbed 4.6% to $103.24 per barrel w....

US crude oil futures have climbed to near five week high at $102.51 per barrel on Wednesday trading on reports that Iran halted shipments to Europe and US inventory declined for the first time in f....

The international crude oil prices for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was higher at US$....

India crude oil import prices have risen to Rs 5733.41 on Friday in rupee terms from Rs 5651.88 recorded on Thursday.....

Crude futures rallied and made high of RS 4885 and closed more then 1.7% at Rs 4858 rallying northward yesterday doe to positve news abo....

Given that 2011 ended with a rather gloomy European macroeconomic backdrop amid escalating sovereign debt concerns and the start of the year has been marred by rising rhetoric between Iran and the ....

Barclays Capital said its biggest “overweight” position among the commodities is West Texas Intermediate crude. Although we are positive on the prospects for commodity prices in Q1, for no....

Iraq’s fragile political equilibrium has seemingly begun to unravel with remarkable speed after the withdrawal of US combat forces, accompanied by an upsurge in violence, said Barclays Capita....

China’s totemic importance in the oil market is greater than that of any other country and a slowdown in growth rates has had a material impact on sentiment. Having grown y/y by 12.1% in Q1, ....

Crude oil markets had another volatile week as strong fundamentals continue to be weighed down by fears of macroeconomic tail outcomes. Among this week's key data releases, the latest JODI data thi....

Oil prices edged higher in thin trading on Thursday due to the US Thanksgiving holiday, with January Brent settling 76 cents higher at $107.78/bbl. The continuing weakening of sentiment has put pressu....

While the oil market has proved to be relatively resilient to the latest phase of concern about macroeconomic tail outcomes, and particularly potential discontinuities from sovereign debt outcomes, th....

Brazilian oil demand for September came in at a record high of 2.211 mb/d, higher y/y by 2.9%, supported by record high diesel demand at 0.986 mb/d (up 8.7% y/y) and gasoline sales coming in at its....

The highly unstable equilibrium that oil prices have been in continues, with heightened fundamental and geopolitical risks fighting for influence against the escalation of sovereign debt concerns. ....

Risk aversion, profit taking and another bout of scepticism regarding Europe’s sovereign debt crisis were the key drivers of prices on Thursday, with December WTI settling $3.77 lower at $98.82/....

The reversal of the Seaway pipeline on Wednesday resulted in a significant narrowing of the WTIBrent spread, due to the notion that the so-called US Midwest glut will now be resolved, said Barclays....

Without that fear, Barclays believe that Brent would have already reached an alltime high and climbed past $150 per barrel in an attempt to ease tightness by rationing the demand side of the market.....

Russian oil production scaled another all-time high of 10.34 mb/d in October. However, the y/y growth slowed to just 70 thousand b/d, half the year-to-date average of 125 thousand b/d. With domestic c....