Oil & gas
US oil futures drop to new lows amid fears of supply glut
05 Jan 2015
In what could be further good news for India's economy, US crude and Brent futures dropped to five-and-a-half-year lows today amidst worries about excess global supply and weak demand
Jet fuel prices cut 12.5%, but airfares to stay unchanged
02 Jan 2015
Despite the steepest reduction in ATF prices India’s cash-strapped airlines do not see any chance of a fare cut, at least in the near future
Venezuela in recession as oil prices plunge
01 Jan 2015
Oil revenues account for more than 50 per cent of GDP and over 90 per cent of total exports of Venezuela, which is the fifth largest member of oil the Organisation of Petroleum Exporting Countries
